SC0Y.DE vs. GC=F

Last updated Jun 5, 2026

SC0Y.DE (Invesco European Insurance Sector UCITS ETF Acc) is Financials Equities fund tracking the STOXX® Europe 600 Optimised Insurance, while GC=F (Gold Futures) is an asset. Over the past 10 years, SC0Y.DE returned 10.75%/yr vs 13.47%/yr for GC=F. At a correlation of -0.04, they often move in opposite directions.

Performance

SC0Y.DE vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco European Insurance Sector UCITS ETF Acc (SC0Y.DE) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SC0Y.DE is traded in EUR, while GC=F is traded in USD. To make them comparable, the GC=F values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SC0Y.DE achieves a -2.77% return, which is significantly lower than GC=F's 5.29% return. Over the past 10 years, SC0Y.DE has underperformed GC=F with an annualized return of 10.75%, while GC=F has yielded a comparatively higher 13.47% annualized return.

SC0Y.DE

• 1D: 0.26%
• 1M: -4.21%
• YTD: -2.77%
• 6M: 2.84%
• 1Y: 2.27%
• 3Y*: 17.89%
• 5Y*: 13.84%
• 10Y*: 10.75%

GC=F

• 1D: 1.35%
• 1M: -2.72%
• YTD: 5.29%
• 6M: 7.13%
• 1Y: 32.42%
• 3Y*: 28.49%
• 5Y*: 20.07%
• 10Y*: 13.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SC0Y.DE vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SC0Y.DE Invesco European Insurance Sector UCITS ETF Acc	-2.77%	29.31%	22.30%	12.85%	2.78%	19.96%	-10.11%	29.63%	-7.85%	10.14%
GC=F Gold Futures	5.29%	45.00%	35.90%	9.94%	5.74%	3.76%	14.32%	21.55%	2.45%	-0.37%

Correlation

The correlation between SC0Y.DE and GC=F is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Aug 9, 2009	-0.04

The correlation between SC0Y.DE and GC=F shifts across timeframes, from -0.05 (10 years) to 0.12 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SC0Y.DE vs. GC=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SC0Y.DE

SC0Y.DE Risk / Return Rank: 12
SC0Y.DE Sharpe Ratio Rank: 12
SC0Y.DE Sortino Ratio Rank: 11
SC0Y.DE Omega Ratio Rank: 11
SC0Y.DE Calmar Ratio Rank: 13
SC0Y.DE Martin Ratio Rank: 13

GC=F

GC=F Risk / Return Rank: 54
GC=F Sharpe Ratio Rank: 53
GC=F Sortino Ratio Rank: 52
GC=F Omega Ratio Rank: 54
GC=F Calmar Ratio Rank: 45
GC=F Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SC0Y.DE vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco European Insurance Sector UCITS ETF Acc (SC0Y.DE) and Gold Futures (GC=F). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SC0Y.DE	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	0.17	1.18	-1.01
Sortino ratio: Return per unit of downside risk	0.32	1.58	-1.25
Omega ratio: Gain probability vs. loss probability	1.04	1.25	-0.21
Calmar ratio: Return relative to maximum drawdown	0.35	1.85	-1.50
Martin ratio: Return relative to average drawdown	0.71	4.52	-3.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SC0Y.DE vs. GC=F - Sharpe Ratio Comparison

The current SC0Y.DE Sharpe Ratio is 0.17, which is lower than the GC=F Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of SC0Y.DE and GC=F, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SC0Y.DE	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.17	1.18	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	1.15	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.85	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.64	-0.12

Drawdowns

SC0Y.DE vs. GC=F - Drawdown Comparison

The maximum SC0Y.DE drawdown since its inception was -46.88%, which is greater than GC=F's maximum drawdown of -36.91%. Use the drawdown chart below to compare losses from any high point for SC0Y.DE and GC=F.

Drawdown Indicators

	SC0Y.DE	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-46.88%	-36.91%	-9.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.02%	-16.35%	+9.33%
Max Drawdown (3Y) Largest decline over 3 years	-12.60%	-16.35%	+3.75%
Max Drawdown (5Y) Largest decline over 5 years	-18.89%	-16.35%	-2.54%
Max Drawdown (10Y) Largest decline over 10 years	-46.88%	-18.00%	-28.88%
Current Drawdown Current decline from peak	-5.41%	-14.39%	+8.98%
Average Drawdown Average peak-to-trough decline	-7.14%	-11.41%	+4.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.49%	6.74%	-3.25%

Volatility

SC0Y.DE vs. GC=F - Volatility Comparison

Invesco European Insurance Sector UCITS ETF Acc (SC0Y.DE) has a higher volatility of 4.60% compared to Gold Futures (GC=F) at 4.15%. This indicates that SC0Y.DE's price experiences larger fluctuations and is considered to be riskier than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SC0Y.DE	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.60%	4.15%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	22.34%	-10.96%
Volatility (1Y) Calculated over the trailing 1-year period	14.86%	25.64%	-10.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	17.41%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	15.87%	+3.99%

Frequently Asked Questions

Can I hold both SC0Y.DE and GC=F in my portfolio?

SC0Y.DE and GC=F have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.