SPYH.DE vs. SC0T.DE
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) and SC0T.DE (Invesco European Health Care Sector UCITS ETF) are both Health & Biotech Equities funds - SPYH.DE tracks the MSCI Europe Health Care 20/35 Capped while SC0T.DE tracks the STOXX® Europe 600 Optimised Health Care. Both are passively managed. Over the past 10 years, SPYH.DE returned 6.16%/yr vs 5.80%/yr for SC0T.DE. With a 0.97 correlation, they move nearly in lockstep. SPYH.DE charges 0.18%/yr vs 0.20%/yr for SC0T.DE.
Performance
SPYH.DE vs. SC0T.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYH.DE achieves a -1.97% return, which is significantly higher than SC0T.DE's -3.57% return. Over the past 10 years, SPYH.DE has outperformed SC0T.DE with an annualized return of 6.16%, while SC0T.DE has yielded a comparatively lower 5.80% annualized return.
SPYH.DE
- 1D
- 3.34%
- 1M
- 0.41%
- YTD
- -1.97%
- 6M
- -0.47%
- 1Y
- 6.02%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
SC0T.DE
- 1D
- 2.93%
- 1M
- 0.25%
- YTD
- -3.57%
- 6M
- -2.50%
- 1Y
- 2.66%
- 3Y*
- 2.80%
- 5Y*
- 4.81%
- 10Y*
- 5.80%
SPYH.DE vs. SC0T.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 33.07% | -1.21% | 2.94% |
SC0T.DE Invesco European Health Care Sector UCITS ETF | -3.57% | 8.45% | 6.96% | 5.35% | -7.56% | 25.20% | -1.18% | 32.22% | -1.43% | 4.65% |
Correlation
The correlation between SPYH.DE and SC0T.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.97 |
The correlation between SPYH.DE and SC0T.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
SPYH.DE vs. SC0T.DE — Risk / Return Rank
SPYH.DE
SC0T.DE
SPYH.DE vs. SC0T.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) and Invesco European Health Care Sector UCITS ETF (SC0T.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.
| SPYH.DE | SC0T.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.05 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.24 | +0.26 |
| Martin ratioReturn relative to average drawdown | 1.10 | 0.56 | +0.54 |
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
| SPYH.DE | SC0T.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.20 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.32 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.37 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.63 | -0.20 |
Drawdowns
SPYH.DE vs. SC0T.DE - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, roughly equal to the maximum SC0T.DE drawdown of -26.52%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and SC0T.DE.
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Drawdown Indicators
| SPYH.DE | SC0T.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -26.52% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -12.87% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -21.67% | -4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -21.67% | -4.95% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -26.52% | -0.10% |
Current DrawdownCurrent decline from peak | -10.72% | -9.59% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -6.03% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 5.58% | +0.15% |
Volatility
SPYH.DE vs. SC0T.DE - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a higher volatility of 6.01% compared to Invesco European Health Care Sector UCITS ETF (SC0T.DE) at 5.31%. This indicates that SPYH.DE's price experiences larger fluctuations and is considered to be riskier than SC0T.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYH.DE | SC0T.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 5.31% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 11.43% | +0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 15.98% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 14.84% | +0.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 15.39% | +0.43% |
SPYH.DE vs. SC0T.DE - Expense Ratio Comparison
SPYH.DE has a 0.18% expense ratio, which is lower than SC0T.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
SPYH.DE vs. SC0T.DE - Dividend Comparison
Neither SPYH.DE nor SC0T.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, SPYH.DE and SC0T.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPYH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYH.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC0T.DE.
SPYH.DE tracks MSCI Europe Health Care 20/35 Capped, while SC0T.DE tracks STOXX® Europe 600 Optimised Health Care. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.18% for SPYH.DE and 0.20% for SC0T.DE.
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