SPYR.DE vs. SC03.DE
SPYR.DE (SPDR MSCI Europe Consumer Discretionary UCITS ETF) and SC03.DE (Invesco European Food & Bev Sector UCITS ETF) are both Consumer Staples Equities funds - SPYR.DE tracks the MSCI Europe Consumer Discretionary 20/35 Capped while SC03.DE tracks the STOXX® Europe 600 Optimised Food & Beverage. Both are passively managed. Over the past 10 years, SPYR.DE returned 5.65%/yr vs 1.49%/yr for SC03.DE. A 0.58 correlation means they provide meaningful diversification when combined. SPYR.DE charges 0.18%/yr vs 0.20%/yr for SC03.DE.
Performance
SPYR.DE vs. SC03.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYR.DE achieves a -7.68% return, which is significantly lower than SC03.DE's 8.55% return. Over the past 10 years, SPYR.DE has outperformed SC03.DE with an annualized return of 5.65%, while SC03.DE has yielded a comparatively lower 1.49% annualized return.
SPYR.DE
- 1D
- 2.54%
- 1M
- -0.96%
- 6M
- -7.58%
- YTD
- -7.68%
- 1Y
- -0.60%
- 3Y*
- -3.18%
- 5Y*
- -0.23%
- 10Y*
- 5.65%
SC03.DE
- 1D
- 0.58%
- 1M
- 4.78%
- 6M
- 7.46%
- YTD
- 8.55%
- 1Y
- 5.45%
- 3Y*
- -2.55%
- 5Y*
- -2.33%
- 10Y*
- 1.49%
SPYR.DE vs. SC03.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYR.DE SPDR MSCI Europe Consumer Discretionary UCITS ETF | -7.68% | 2.47% | 3.29% | 15.35% | -15.95% | 21.86% | 5.93% | 35.34% | -15.45% | 10.29% |
SC03.DE Invesco European Food & Bev Sector UCITS ETF | 8.55% | -1.70% | -9.00% | -1.71% | -13.43% | 21.05% | -7.83% | 28.17% | -8.47% | 12.87% |
Correlation
The correlation between SPYR.DE and SC03.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2010 | 0.58 |
The correlation between SPYR.DE and SC03.DE shifts across timeframes, from 0.46 (1 year) to 0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYR.DE vs. SC03.DE — Risk / Return Rank
SPYR.DE
SC03.DE
SPYR.DE vs. SC03.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Consumer Discretionary UCITS ETF (SPYR.DE) and Invesco European Food & Bev Sector UCITS ETF (SC03.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.
| SPYR.DE | SC03.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.07 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.41 | -0.44 |
| Martin ratioReturn relative to average drawdown | -0.06 | 0.92 | -0.98 |
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Drawdowns
SPYR.DE vs. SC03.DE - Drawdown Comparison
The maximum SPYR.DE drawdown since its inception was -41.59%, which is greater than SC03.DE's maximum drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for SPYR.DE and SC03.DE.
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Drawdown Indicators
| SPYR.DE | SC03.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.59% | -32.59% | -9.00% |
Max Drawdown (1Y)Largest decline over 1 year | -20.59% | -13.16% | -7.43% |
Max Drawdown (3Y)Largest decline over 3 years | -26.58% | -20.32% | -6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -29.92% | -28.71% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -41.59% | -32.59% | -9.00% |
Current DrawdownCurrent decline from peak | -15.70% | -18.84% | +3.14% |
Average DrawdownAverage peak-to-trough decline | -8.86% | -8.20% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.26% | 5.92% | +3.34% |
Volatility
SPYR.DE vs. SC03.DE - Volatility Comparison
SPDR MSCI Europe Consumer Discretionary UCITS ETF (SPYR.DE) and Invesco European Food & Bev Sector UCITS ETF (SC03.DE) have volatilities of 5.39% and 5.52%, 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
| SPYR.DE | SC03.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 5.52% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 16.16% | 12.47% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.40% | 15.75% | +3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.10% | 14.35% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 14.77% | +5.71% |
SPYR.DE vs. SC03.DE - Expense Ratio Comparison
SPYR.DE has a 0.18% expense ratio, which is lower than SC03.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
SPYR.DE vs. SC03.DE - Dividend Comparison
Neither SPYR.DE nor SC03.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYR.DE and SC03.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYR.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYR.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for SC03.DE.
SPYR.DE tracks MSCI Europe Consumer Discretionary 20/35 Capped, while SC03.DE tracks STOXX® Europe 600 Optimised Food & Beverage. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.18% for SPYR.DE and 0.20% for SC03.DE.
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