SPYP.DE vs. SC01.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and SC01.DE (Invesco European Construction Sector UCITS ETF) are both Industrials Equities funds - SPYP.DE tracks the MSCI Europe Materials 20/35 Capped while SC01.DE tracks the STOXX® Europe 600 Optimised Construction & Materials. Both are passively managed. Over the past 10 years, SPYP.DE returned 11.05%/yr vs 10.20%/yr for SC01.DE. A 0.54 correlation means they provide meaningful diversification when combined. SPYP.DE charges 0.18%/yr vs 0.20%/yr for SC01.DE.
Performance
SPYP.DE vs. SC01.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYP.DE achieves a 17.42% return, which is significantly higher than SC01.DE's 0.76% return. Over the past 10 years, SPYP.DE has outperformed SC01.DE with an annualized return of 11.05%, while SC01.DE has yielded a comparatively lower 10.20% annualized return.
SPYP.DE
- 1D
- -0.40%
- 1M
- 5.89%
- YTD
- 17.42%
- 6M
- 21.88%
- 1Y
- 25.97%
- 3Y*
- 12.38%
- 5Y*
- 6.68%
- 10Y*
- 11.05%
SC01.DE
- 1D
- 0.05%
- 1M
- -0.82%
- YTD
- 0.76%
- 6M
- 3.12%
- 1Y
- 6.72%
- 3Y*
- 15.53%
- 5Y*
- 9.82%
- 10Y*
- 10.20%
SPYP.DE vs. SC01.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 17.42% | 13.01% | -3.09% | 12.36% | -9.22% | 24.42% | 9.86% | 27.43% | -14.57% | 18.99% |
SC01.DE Invesco European Construction Sector UCITS ETF | 0.76% | 24.01% | 7.02% | 34.08% | -17.94% | 32.21% | -1.77% | 44.55% | -20.32% | 10.70% |
Correlation
The correlation between SPYP.DE and SC01.DE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.54 |
The correlation between SPYP.DE and SC01.DE shifts across timeframes, from 0.54 (all time) to 0.74 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPYP.DE vs. SC01.DE — Risk / Return Rank
SPYP.DE
SC01.DE
SPYP.DE vs. SC01.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) and Invesco European Construction Sector UCITS ETF (SC01.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.
| SPYP.DE | SC01.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 0.44 | +1.54 |
| Martin ratioReturn relative to average drawdown | 7.94 | 1.32 | +6.63 |
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
| SPYP.DE | SC01.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.33 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.50 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.61 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.65 | -0.23 |
Drawdowns
SPYP.DE vs. SC01.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, roughly equal to the maximum SC01.DE drawdown of -37.00%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and SC01.DE.
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Drawdown Indicators
| SPYP.DE | SC01.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -37.00% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -15.23% | +2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -17.02% | -3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -28.80% | +6.17% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | -37.00% | +1.60% |
Current DrawdownCurrent decline from peak | -1.54% | -6.47% | +4.93% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -6.93% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 5.10% | -1.84% |
Volatility
SPYP.DE vs. SC01.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) and Invesco European Construction Sector UCITS ETF (SC01.DE) have volatilities of 6.50% and 6.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYP.DE | SC01.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 6.44% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 16.34% | -2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 20.13% | -3.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 20.35% | -2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 25.03% | -5.69% |
SPYP.DE vs. SC01.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is lower than SC01.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
SPYP.DE vs. SC01.DE - Dividend Comparison
Neither SPYP.DE nor SC01.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYP.DE and SC01.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYP.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYP.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC01.DE.
SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while SC01.DE tracks STOXX® Europe 600 Optimised Construction & Materials. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.18% for SPYP.DE and 0.20% for SC01.DE.
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