SPYQ.DE vs. SC00.DE
SPYQ.DE (SPDR MSCI Europe Industrials UCITS ETF) and SC00.DE (Invesco European Chemicals Sector UCITS ETF) are both Industrials Equities funds - SPYQ.DE tracks the MSCI Europe Industrials 20/35 Capped while SC00.DE tracks the STOXX® Europe 600 Optimised Chemicals. Both are passively managed. Over the past 10 years, SPYQ.DE returned 12.56%/yr vs 5.98%/yr for SC00.DE. A 0.58 correlation means they provide meaningful diversification when combined. SPYQ.DE charges 0.18%/yr vs 0.20%/yr for SC00.DE.
Performance
SPYQ.DE vs. SC00.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYQ.DE achieves a 8.86% return, which is significantly lower than SC00.DE's 10.32% return. Over the past 10 years, SPYQ.DE has outperformed SC00.DE with an annualized return of 12.56%, while SC00.DE has yielded a comparatively lower 5.98% annualized return.
SPYQ.DE
- 1D
- 0.62%
- 1M
- 0.55%
- YTD
- 8.86%
- 6M
- 11.04%
- 1Y
- 15.68%
- 3Y*
- 19.58%
- 5Y*
- 12.85%
- 10Y*
- 12.56%
SC00.DE
- 1D
- -0.03%
- 1M
- 0.84%
- YTD
- 10.32%
- 6M
- 11.51%
- 1Y
- -3.93%
- 3Y*
- 1.19%
- 5Y*
- -0.03%
- 10Y*
- 5.98%
SPYQ.DE vs. SC00.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 8.86% | 25.52% | 14.36% | 26.68% | -16.54% | 28.05% | 4.02% | 37.55% | -14.12% | 15.52% |
SC00.DE Invesco European Chemicals Sector UCITS ETF | 10.32% | -5.68% | -7.91% | 14.24% | -15.93% | 20.69% | 10.10% | 32.92% | -15.65% | 14.07% |
Correlation
The correlation between SPYQ.DE and SC00.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.58 |
Over the past year, the correlation between SPYQ.DE and SC00.DE has dropped to 0.37 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
SPYQ.DE vs. SC00.DE — Risk / Return Rank
SPYQ.DE
SC00.DE
SPYQ.DE vs. SC00.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) and Invesco European Chemicals Sector UCITS ETF (SC00.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.
| SPYQ.DE | SC00.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.97 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.19 | -0.25 | +1.44 |
| Martin ratioReturn relative to average drawdown | 4.36 | -0.41 | +4.77 |
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
| SPYQ.DE | SC00.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | -0.24 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | -0.00 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.40 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.57 | +0.03 |
Drawdowns
SPYQ.DE vs. SC00.DE - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, which is greater than SC00.DE's maximum drawdown of -30.50%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and SC00.DE.
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Drawdown Indicators
| SPYQ.DE | SC00.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -30.50% | -10.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -15.66% | +2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -20.01% | +1.64% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -26.73% | -2.47% |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | -30.50% | -10.94% |
Current DrawdownCurrent decline from peak | -2.67% | -9.93% | +7.26% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -8.41% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 9.64% | -6.06% |
Volatility
SPYQ.DE vs. SC00.DE - Volatility Comparison
SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a higher volatility of 6.29% compared to Invesco European Chemicals Sector UCITS ETF (SC00.DE) at 3.95%. This indicates that SPYQ.DE's price experiences larger fluctuations and is considered to be riskier than SC00.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYQ.DE | SC00.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 3.95% | +2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 16.51% | 12.23% | +4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 16.14% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.87% | 17.64% | +1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 19.77% | -0.17% |
SPYQ.DE vs. SC00.DE - Expense Ratio Comparison
SPYQ.DE has a 0.18% expense ratio, which is lower than SC00.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
SPYQ.DE vs. SC00.DE - Dividend Comparison
Neither SPYQ.DE nor SC00.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYQ.DE and SC00.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYQ.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYQ.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC00.DE.
SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while SC00.DE tracks STOXX® Europe 600 Optimised Chemicals. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.18% for SPYQ.DE and 0.20% for SC00.DE.
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