SPYC.DE vs. SC03.DE
SPYC.DE (SPDR MSCI Europe Consumer Staples UCITS ETF) and SC03.DE (Invesco European Food & Bev Sector UCITS ETF) are both Consumer Staples Equities funds - SPYC.DE tracks the MSCI Europe Consumer Staples 20/35 Capped while SC03.DE tracks the STOXX® Europe 600 Optimised Food & Beverage. Both are passively managed. Over the past 10 years, SPYC.DE returned 2.96%/yr vs 0.85%/yr for SC03.DE. Their correlation of 0.92 suggests significant overlap in exposure. SPYC.DE charges 0.18%/yr vs 0.20%/yr for SC03.DE.
Performance
SPYC.DE vs. SC03.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYC.DE achieves a -1.74% return, which is significantly lower than SC03.DE's -0.07% return. Over the past 10 years, SPYC.DE has outperformed SC03.DE with an annualized return of 2.96%, while SC03.DE has yielded a comparatively lower 0.85% annualized return.
SPYC.DE
- 1D
- -0.47%
- 1M
- -0.91%
- YTD
- -1.74%
- 6M
- -1.52%
- 1Y
- -4.67%
- 3Y*
- -0.28%
- 5Y*
- 0.74%
- 10Y*
- 2.96%
SC03.DE
- 1D
- -0.61%
- 1M
- -0.76%
- YTD
- -0.07%
- 6M
- 0.16%
- 1Y
- -10.34%
- 3Y*
- -5.12%
- 5Y*
- -3.59%
- 10Y*
- 0.85%
SPYC.DE vs. SC03.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYC.DE SPDR MSCI Europe Consumer Staples UCITS ETF | -1.74% | 7.08% | -2.32% | 0.74% | -8.67% | 20.59% | -3.72% | 25.93% | -8.92% | 8.62% |
SC03.DE Invesco European Food & Bev Sector UCITS ETF | -0.07% | -1.70% | -9.00% | -1.71% | -13.43% | 21.05% | -7.83% | 28.17% | -8.47% | 12.87% |
Correlation
The correlation between SPYC.DE and SC03.DE is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.92 |
The correlation between SPYC.DE and SC03.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
SPYC.DE vs. SC03.DE — Risk / Return Rank
SPYC.DE
SC03.DE
SPYC.DE vs. SC03.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Consumer Staples UCITS ETF (SPYC.DE) and Invesco European Food & Bev Sector UCITS ETF (SC03.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.
| SPYC.DE | SC03.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.90 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.76 | +0.39 |
| Martin ratioReturn relative to average drawdown | -0.79 | -1.20 | +0.42 |
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
| SPYC.DE | SC03.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | -0.69 | +0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.25 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.06 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.47 | -0.15 |
Drawdowns
SPYC.DE vs. SC03.DE - Drawdown Comparison
The maximum SPYC.DE drawdown since its inception was -24.80%, smaller than the maximum SC03.DE drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for SPYC.DE and SC03.DE.
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Drawdown Indicators
| SPYC.DE | SC03.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.80% | -32.59% | +7.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.47% | -13.56% | +1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -12.47% | -20.32% | +7.85% |
Max Drawdown (5Y)Largest decline over 5 years | -15.06% | -28.71% | +13.65% |
Max Drawdown (10Y)Largest decline over 10 years | -24.80% | -32.59% | +7.79% |
Current DrawdownCurrent decline from peak | -11.20% | -25.29% | +14.09% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -8.30% | +2.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 8.58% | -2.69% |
Volatility
SPYC.DE vs. SC03.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Consumer Staples UCITS ETF (SPYC.DE) is 4.54%, while Invesco European Food & Bev Sector UCITS ETF (SC03.DE) has a volatility of 5.15%. This indicates that SPYC.DE experiences smaller price fluctuations and is considered to be less risky than SC03.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYC.DE | SC03.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | 5.15% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.59% | 11.64% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.98% | 15.09% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.45% | 14.14% | -1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.38% | 14.83% | -1.45% |
SPYC.DE vs. SC03.DE - Expense Ratio Comparison
SPYC.DE has a 0.18% expense ratio, which is lower than SC03.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYC.DE vs. SC03.DE - Dividend Comparison
Neither SPYC.DE nor SC03.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYC.DE and SC03.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYC.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYC.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC03.DE.
SPYC.DE tracks MSCI Europe Consumer Staples 20/35 Capped, while SC03.DE tracks STOXX® Europe 600 Optimised Food & Beverage. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.18% for SPYC.DE and 0.20% for SC03.DE.
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