SPYP.DE vs. SC0S.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and SC0S.DE (Invesco European Industrials Sector UCITS ETF Acc) are both Industrials Equities funds - SPYP.DE tracks the MSCI Europe Materials 20/35 Capped while SC0S.DE tracks the STOXX® Europe 600 Optimised Industrial Goods & Services. Both are passively managed. Over the past 10 years, SPYP.DE returned 11.05%/yr vs 12.01%/yr for SC0S.DE. A 0.78 correlation means they provide meaningful diversification when combined. SPYP.DE charges 0.18%/yr vs 0.20%/yr for SC0S.DE.
Performance
SPYP.DE vs. SC0S.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 SC0S.DE's 8.38% return. Over the past 10 years, SPYP.DE has underperformed SC0S.DE with an annualized return of 11.05%, while SC0S.DE has yielded a comparatively higher 12.01% 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%
SC0S.DE
- 1D
- 0.58%
- 1M
- 1.35%
- YTD
- 8.38%
- 6M
- 10.69%
- 1Y
- 14.05%
- 3Y*
- 18.41%
- 5Y*
- 11.43%
- 10Y*
- 12.01%
SPYP.DE vs. SC0S.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% |
SC0S.DE Invesco European Industrials Sector UCITS ETF Acc | 8.38% | 24.49% | 14.80% | 23.83% | -17.98% | 25.69% | 6.90% | 36.37% | -14.66% | 16.39% |
Correlation
The correlation between SPYP.DE and SC0S.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.78 |
The correlation between SPYP.DE and SC0S.DE shifts across timeframes, from 0.61 (1 year) to 0.78 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYP.DE vs. SC0S.DE — Risk / Return Rank
SPYP.DE
SC0S.DE
SPYP.DE vs. SC0S.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 Industrials Sector UCITS ETF Acc (SC0S.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 | SC0S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.14 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.11 | +0.87 |
| Martin ratioReturn relative to average drawdown | 7.94 | 3.85 | +4.09 |
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 | SC0S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.72 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.57 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.59 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.60 | -0.18 |
Drawdowns
SPYP.DE vs. SC0S.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, smaller than the maximum SC0S.DE drawdown of -41.83%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and SC0S.DE.
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Drawdown Indicators
| SPYP.DE | SC0S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -41.83% | +4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -12.63% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -19.20% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -30.80% | +8.17% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | -41.83% | +6.43% |
Current DrawdownCurrent decline from peak | -1.54% | -1.80% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -7.59% | -6.77% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.63% | -0.37% |
Volatility
SPYP.DE vs. SC0S.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) and Invesco European Industrials Sector UCITS ETF Acc (SC0S.DE) have volatilities of 6.50% and 6.45%, 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 | SC0S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 6.45% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 16.29% | -1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.04% | 19.45% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 19.70% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 20.19% | -0.85% |
SPYP.DE vs. SC0S.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is lower than SC0S.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. SC0S.DE - Dividend Comparison
Neither SPYP.DE nor SC0S.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYP.DE and SC0S.DE have a correlation of 0.61, 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 SC0S.DE.
SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while SC0S.DE tracks STOXX® Europe 600 Optimised Industrial Goods & Services. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.18% for SPYP.DE and 0.20% for SC0S.DE.
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