SPYL.DE vs. SC0U.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and SC0U.DE (Invesco European Banks Sector UCITS ETF) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while SC0U.DE is a Financials Equities fund tracking the STOXX® Europe 600 Optimised Banks. Both are passively managed. Over the past year, SPYL.DE returned 26.53% vs 45.31% for SC0U.DE. At a 0.35 correlation, their price movements are largely independent. SPYL.DE charges 0.03%/yr vs 0.20%/yr for SC0U.DE.
Performance
SPYL.DE vs. SC0U.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYL.DE achieves a 11.37% return, which is significantly higher than SC0U.DE's 8.50% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.89%
- YTD
- 11.37%
- 6M
- 12.66%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SC0U.DE
- 1D
- 4.29%
- 1M
- 7.40%
- YTD
- 8.50%
- 6M
- 14.36%
- 1Y
- 45.31%
- 3Y*
- 43.09%
- 5Y*
- 28.15%
- 10Y*
- 15.32%
SPYL.DE vs. SC0U.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
SC0U.DE Invesco European Banks Sector UCITS ETF | 8.50% | 79.97% | 32.49% | 11.52% |
Correlation
The correlation between SPYL.DE and SC0U.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.35 |
The correlation between SPYL.DE and SC0U.DE shifts across timeframes, from 0.35 (all time) to 0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPYL.DE vs. SC0U.DE — Risk / Return Rank
SPYL.DE
SC0U.DE
SPYL.DE vs. SC0U.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) and Invesco European Banks Sector UCITS ETF (SC0U.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYL.DE | SC0U.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 2.57 | +1.00 |
| Martin ratioReturn relative to average drawdown | 12.72 | 8.44 | +4.28 |
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Drawdowns
SPYL.DE vs. SC0U.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum SC0U.DE drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and SC0U.DE.
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Drawdown Indicators
| SPYL.DE | SC0U.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -60.69% | +37.42% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -16.70% | +9.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.82% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.61% | — |
Current DrawdownCurrent decline from peak | -0.46% | 0.00% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -20.11% | +16.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 5.10% | -3.09% |
Volatility
SPYL.DE vs. SC0U.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.66%, while Invesco European Banks Sector UCITS ETF (SC0U.DE) has a volatility of 6.96%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than SC0U.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYL.DE | SC0U.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 6.96% | -4.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 18.92% | -11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 23.11% | -11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 23.71% | -9.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 25.59% | -10.99% |
SPYL.DE vs. SC0U.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than SC0U.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
SPYL.DE vs. SC0U.DE - Dividend Comparison
Neither SPYL.DE nor SC0U.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and SC0U.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.20% for SC0U.DE.
SPYL.DE is categorized as S&P 500, while SC0U.DE is Financials Equities. SPYL.DE tracks S&P 500 Index, while SC0U.DE tracks STOXX® Europe 600 Optimised Banks. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.03% for SPYL.DE and 0.20% for SC0U.DE.
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