SC0Z.DE vs. FWEA.DE

Last updated Jun 5, 2026

SC0Z.DE (Invesco European Utilities Sector UCITS ETF) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - SC0Z.DE is a Utilities Equities fund tracking the STOXX® Europe 600 Optimised Utilities, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, SC0Z.DE returned 26.15% vs 26.40% for FWEA.DE. At a 0.21 correlation, their price movements are largely independent. Both charge a 0.20% expense ratio.

Performance

SC0Z.DE vs. FWEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco European Utilities Sector UCITS ETF (SC0Z.DE) and Invesco FTSE All-World UCITS ETF (FWEA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SC0Z.DE achieves a 12.95% return, which is significantly higher than FWEA.DE's 10.64% return.

SC0Z.DE

• 1D: -0.22%
• 1M: -3.25%
• YTD: 12.95%
• 6M: 14.19%
• 1Y: 26.15%
• 3Y*: 15.95%
• 5Y*: 11.09%
• 10Y*: 9.78%

FWEA.DE

• 1D: -0.24%
• 1M: 4.41%
• YTD: 10.64%
• 6M: 11.85%
• 1Y: 26.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SC0Z.DE vs. FWEA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SC0Z.DE Invesco European Utilities Sector UCITS ETF	12.95%	32.73%	0.20%	3.68%
FWEA.DE Invesco FTSE All-World UCITS ETF	10.64%	17.53%	19.21%	8.62%

Correlation

The correlation between SC0Z.DE and FWEA.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023	0.21

Return for Risk

SC0Z.DE vs. FWEA.DE — Risk / Return Rank

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

SC0Z.DE

SC0Z.DE Risk / Return Rank: 55
SC0Z.DE Sharpe Ratio Rank: 52
SC0Z.DE Sortino Ratio Rank: 48
SC0Z.DE Omega Ratio Rank: 52
SC0Z.DE Calmar Ratio Rank: 71
SC0Z.DE Martin Ratio Rank: 55

FWEA.DE

FWEA.DE Risk / Return Rank: 72
FWEA.DE Sharpe Ratio Rank: 71
FWEA.DE Sortino Ratio Rank: 76
FWEA.DE Omega Ratio Rank: 73
FWEA.DE Calmar Ratio Rank: 65
FWEA.DE Martin Ratio Rank: 73

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.

SC0Z.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco European Utilities Sector UCITS ETF (SC0Z.DE) and Invesco FTSE All-World UCITS ETF (FWEA.DE). 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.

	SC0Z.DE	FWEA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.75	2.30	-0.54
Sortino ratio: Return per unit of downside risk	2.32	3.38	-1.06
Omega ratio: Gain probability vs. loss probability	1.32	1.43	-0.11
Calmar ratio: Return relative to maximum drawdown	3.49	3.18	+0.32
Martin ratio: Return relative to average drawdown	9.42	13.52	-4.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SC0Z.DE vs. FWEA.DE - Sharpe Ratio Comparison

The current SC0Z.DE Sharpe Ratio is 1.75, which is comparable to the FWEA.DE Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of SC0Z.DE and FWEA.DE, 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

	SC0Z.DE	FWEA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	2.30	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	1.51	-1.14

Drawdowns

SC0Z.DE vs. FWEA.DE - Drawdown Comparison

The maximum SC0Z.DE drawdown since its inception was -33.41%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for SC0Z.DE and FWEA.DE.

Drawdown Indicators

	SC0Z.DE	FWEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.41%	-17.48%	-15.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.46%	-8.28%	+0.82%
Max Drawdown (3Y) Largest decline over 3 years	-13.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.41%	—	—
Current Drawdown Current decline from peak	-5.34%	-0.81%	-4.53%
Average Drawdown Average peak-to-trough decline	-8.27%	-1.86%	-6.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	1.95%	+0.82%

Volatility

SC0Z.DE vs. FWEA.DE - Volatility Comparison

Invesco European Utilities Sector UCITS ETF (SC0Z.DE) has a higher volatility of 5.96% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that SC0Z.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SC0Z.DE	FWEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	3.36%	+2.60%
Volatility (6M) Calculated over the trailing 6-month period	12.97%	8.93%	+4.04%
Volatility (1Y) Calculated over the trailing 1-year period	14.87%	11.45%	+3.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.23%	12.72%	+3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.13%	12.72%	+4.41%

SC0Z.DE vs. FWEA.DE - Expense Ratio Comparison

Both SC0Z.DE and FWEA.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

SC0Z.DE vs. FWEA.DE - Dividend Comparison

Neither SC0Z.DE nor FWEA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SC0Z.DE and FWEA.DE in my portfolio?

SC0Z.DE and FWEA.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SC0Z.DE or FWEA.DE?

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SC0Z.DE or FWEA.DE?

SC0Z.DE and FWEA.DE have the same expense ratio: 0.20% per year.

What is the main difference between SC0Z.DE and FWEA.DE?

SC0Z.DE is categorized as Utilities Equities, while FWEA.DE is Global Equities. SC0Z.DE tracks STOXX® Europe 600 Optimised Utilities, while FWEA.DE tracks FTSE All-World Index.