SC0Z.DE vs. FWIA.DE
SC0Z.DE (Invesco European Utilities Sector UCITS ETF) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - SC0Z.DE is a Utilities Equities fund tracking the STOXX® Europe 600 Optimised Utilities, while FWIA.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, SC0Z.DE returned 26.15% vs 26.57% for FWIA.DE. At a 0.20 correlation, their price movements are largely independent. SC0Z.DE charges 0.20%/yr vs 0.15%/yr for FWIA.DE.
Performance
SC0Z.DE vs. FWIA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with SC0Z.DE having a 12.95% return and FWIA.DE slightly lower at 12.60%.
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%
FWIA.DE
- 1D
- -0.22%
- 1M
- 4.98%
- YTD
- 12.60%
- 6M
- 13.33%
- 1Y
- 26.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SC0Z.DE vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SC0Z.DE Invesco European Utilities Sector UCITS ETF | 12.95% | 32.73% | 0.20% | 2.73% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.73% |
Correlation
The correlation between SC0Z.DE and FWIA.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.20 |
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Return for Risk
SC0Z.DE vs. FWIA.DE — Risk / Return Rank
SC0Z.DE
FWIA.DE
SC0Z.DE vs. FWIA.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 Acc (FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.44 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 4.08 | -0.59 |
| Martin ratioReturn relative to average drawdown | 9.42 | 16.52 | -7.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SC0Z.DE | FWIA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 2.36 | -0.61 |
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 | 1.40 | -1.03 |
Drawdowns
SC0Z.DE vs. FWIA.DE - Drawdown Comparison
The maximum SC0Z.DE drawdown since its inception was -33.41%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for SC0Z.DE and FWIA.DE.
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Drawdown Indicators
| SC0Z.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.41% | -20.96% | -12.45% |
Max Drawdown (1Y)Largest decline over 1 year | -7.46% | -6.49% | -0.97% |
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 DrawdownCurrent decline from peak | -5.34% | -0.62% | -4.72% |
Average DrawdownAverage peak-to-trough decline | -8.27% | -2.44% | -5.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 1.60% | +1.17% |
Volatility
SC0Z.DE vs. FWIA.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 Acc (FWIA.DE) at 2.96%. This indicates that SC0Z.DE's price experiences larger fluctuations and is considered to be riskier than FWIA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SC0Z.DE | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 2.96% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 8.09% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.87% | 11.22% | +3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 13.18% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 13.18% | +3.95% |
SC0Z.DE vs. FWIA.DE - Expense Ratio Comparison
SC0Z.DE has a 0.20% expense ratio, which is higher than FWIA.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SC0Z.DE vs. FWIA.DE - Dividend Comparison
Neither SC0Z.DE nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
SC0Z.DE and FWIA.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for SC0Z.DE.
SC0Z.DE is categorized as Utilities Equities, while FWIA.DE is Global Equities. SC0Z.DE tracks STOXX® Europe 600 Optimised Utilities, while FWIA.DE tracks FTSE All-World. Their fees differ too: 0.20% for SC0Z.DE and 0.15% for FWIA.DE.
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