SPYK.DE vs. SC0X.DE
SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) and SC0X.DE (Invesco European Technology Sector UCITS ETF) are both Technology Equities funds - SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped while SC0X.DE tracks the STOXX® Europe 600 Optimised Technology. Both are passively managed. Over the past 10 years, SPYK.DE returned 16.39%/yr vs 11.23%/yr for SC0X.DE. With a 0.96 correlation, they move nearly in lockstep. SPYK.DE charges 0.18%/yr vs 0.20%/yr for SC0X.DE.
Performance
SPYK.DE vs. SC0X.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYK.DE achieves a 50.09% return, which is significantly higher than SC0X.DE's 16.14% return. Over the past 10 years, SPYK.DE has outperformed SC0X.DE with an annualized return of 16.39%, while SC0X.DE has yielded a comparatively lower 11.23% annualized return.
SPYK.DE
- 1D
- 0.27%
- 1M
- 20.48%
- YTD
- 50.09%
- 6M
- 47.63%
- 1Y
- 59.88%
- 3Y*
- 24.74%
- 5Y*
- 15.13%
- 10Y*
- 16.39%
SC0X.DE
- 1D
- 1.07%
- 1M
- 13.46%
- YTD
- 16.14%
- 6M
- 15.05%
- 1Y
- 13.75%
- 3Y*
- 11.26%
- 5Y*
- 6.18%
- 10Y*
- 11.23%
SPYK.DE vs. SC0X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 50.09% | 10.46% | 8.46% | 35.03% | -28.76% | 36.64% | 13.36% | 38.97% | -7.68% | 19.55% |
SC0X.DE Invesco European Technology Sector UCITS ETF | 16.14% | 4.06% | 5.58% | 31.88% | -27.14% | 23.14% | 20.27% | 35.13% | -10.08% | 19.26% |
Correlation
The correlation between SPYK.DE and SC0X.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.96 |
The correlation between SPYK.DE and SC0X.DE has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
SPYK.DE vs. SC0X.DE — Risk / Return Rank
SPYK.DE
SC0X.DE
SPYK.DE vs. SC0X.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) and Invesco European Technology Sector UCITS ETF (SC0X.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.
| SPYK.DE | SC0X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.12 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 0.76 | +3.83 |
| Martin ratioReturn relative to average drawdown | 12.19 | 1.99 | +10.20 |
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
| SPYK.DE | SC0X.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 0.64 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.26 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.49 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.53 | +0.10 |
Drawdowns
SPYK.DE vs. SC0X.DE - Drawdown Comparison
The maximum SPYK.DE drawdown since its inception was -38.45%, roughly equal to the maximum SC0X.DE drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for SPYK.DE and SC0X.DE.
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Drawdown Indicators
| SPYK.DE | SC0X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -38.91% | +0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -18.06% | +5.07% |
Max Drawdown (3Y)Largest decline over 3 years | -27.02% | -23.90% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -38.91% | +0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -38.45% | -38.91% | +0.46% |
Current DrawdownCurrent decline from peak | -0.09% | -0.23% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -8.77% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 6.88% | -1.98% |
Volatility
SPYK.DE vs. SC0X.DE - Volatility Comparison
SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) has a higher volatility of 10.31% compared to Invesco European Technology Sector UCITS ETF (SC0X.DE) at 7.28%. This indicates that SPYK.DE's price experiences larger fluctuations and is considered to be riskier than SC0X.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYK.DE | SC0X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 7.28% | +3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 20.95% | 17.98% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 21.57% | +4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.86% | 23.52% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 22.65% | +1.53% |
SPYK.DE vs. SC0X.DE - Expense Ratio Comparison
SPYK.DE has a 0.18% expense ratio, which is lower than SC0X.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
SPYK.DE vs. SC0X.DE - Dividend Comparison
Neither SPYK.DE nor SC0X.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SPYK.DE and SC0X.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, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC0X.DE.
SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped, while SC0X.DE tracks STOXX® Europe 600 Optimised Technology. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.18% for SPYK.DE and 0.20% for SC0X.DE.
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