XMEU.L vs. SC0E.DE
XMEU.L (Xtrackers MSCI Europe UCITS ETF 1C) and SC0E.DE (Invesco MSCI Europe UCITS ETF) are both Europe Equities funds - XMEU.L tracks the MSCI Europe NR EUR while SC0E.DE tracks the MSCI Europe. Both are passively managed. Over the past 10 years, XMEU.L returned 10.17%/yr vs 10.12%/yr for SC0E.DE. A 0.69 correlation means they provide meaningful diversification when combined. XMEU.L charges 0.12%/yr vs 0.19%/yr for SC0E.DE.
Performance
XMEU.L vs. SC0E.DE - Performance Comparison
Loading charts...
Different Trading Currencies
XMEU.L is traded in GBp, while SC0E.DE is traded in EUR. To make them comparable, the SC0E.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with XMEU.L having a 6.81% return and SC0E.DE slightly lower at 6.58%. Both investments have delivered pretty close results over the past 10 years, with XMEU.L having a 10.17% annualized return and SC0E.DE not far behind at 10.12%.
XMEU.L
- 1D
- 0.54%
- 1M
- 1.15%
- YTD
- 6.81%
- 6M
- 8.75%
- 1Y
- 18.92%
- 3Y*
- 13.78%
- 5Y*
- 10.12%
- 10Y*
- 10.17%
SC0E.DE
- 1D
- 0.69%
- 1M
- 1.29%
- YTD
- 6.58%
- 6M
- 8.86%
- 1Y
- 18.85%
- 3Y*
- 13.75%
- 5Y*
- 10.06%
- 10Y*
- 10.12%
XMEU.L vs. SC0E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMEU.L Xtrackers MSCI Europe UCITS ETF 1C | 6.81% | 25.81% | 3.60% | 13.26% | -3.48% | 16.84% | 2.45% | 19.45% | -9.45% | 14.83% |
SC0E.DE Invesco MSCI Europe UCITS ETF | 6.58% | 26.40% | 3.53% | 13.17% | -4.32% | 16.16% | 2.18% | 21.07% | -9.77% | 15.12% |
Correlation
The correlation between XMEU.L and SC0E.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2009 | 0.69 |
Over the past year, XMEU.L and SC0E.DE have become more correlated (0.92) than their long-term average of 0.69, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XMEU.L vs. SC0E.DE — Risk / Return Rank
XMEU.L
SC0E.DE
XMEU.L vs. SC0E.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe UCITS ETF 1C (XMEU.L) and Invesco MSCI Europe UCITS ETF (SC0E.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.
| XMEU.L | SC0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.85 | -0.01 |
| Martin ratioReturn relative to average drawdown | 6.65 | 6.71 | -0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XMEU.L | SC0E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.54 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.72 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.69 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.71 | -0.28 |
Drawdowns
XMEU.L vs. SC0E.DE - Drawdown Comparison
The maximum XMEU.L drawdown since its inception was -44.27%, which is greater than SC0E.DE's maximum drawdown of -28.24%. Use the drawdown chart below to compare losses from any high point for XMEU.L and SC0E.DE.
Loading charts...
Drawdown Indicators
| XMEU.L | SC0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.27% | -28.24% | -16.03% |
Max Drawdown (1Y)Largest decline over 1 year | -10.32% | -10.34% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -13.16% | -14.06% | +0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -15.60% | -15.97% | +0.37% |
Max Drawdown (10Y)Largest decline over 10 years | -28.55% | -28.24% | -0.31% |
Current DrawdownCurrent decline from peak | -1.11% | -1.26% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -4.99% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 2.86% | 0.00% |
Volatility
XMEU.L vs. SC0E.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Europe UCITS ETF 1C (XMEU.L) is 3.78%, while Invesco MSCI Europe UCITS ETF (SC0E.DE) has a volatility of 4.11%. This indicates that XMEU.L experiences smaller price fluctuations and is considered to be less risky than SC0E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XMEU.L | SC0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 4.11% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.93% | 10.47% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 12.44% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 14.42% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 15.90% | -1.04% |
XMEU.L vs. SC0E.DE - Expense Ratio Comparison
XMEU.L has a 0.12% expense ratio, which is lower than SC0E.DE's 0.19% 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
XMEU.L vs. SC0E.DE - Dividend Comparison
Neither XMEU.L nor SC0E.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SC0E.DE Invesco MSCI Europe UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XMEU.L Xtrackers MSCI Europe UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% |
Frequently Asked Questions
With a correlation of 0.92, XMEU.L and SC0E.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XMEU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMEU.L is cheaper with a 0.12% expense ratio, compared with 0.19% for SC0E.DE.
XMEU.L tracks MSCI Europe NR EUR, while SC0E.DE tracks MSCI Europe. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.12% for XMEU.L and 0.19% for SC0E.DE.
Find the right allocation for XMEU.L and SC0E.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer