XUEK.DE vs. SC0D.DE
XUEK.DE (Xtrackers S&P Europe ex UK UCITS ETF) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - XUEK.DE tracks the MSCI Europe Ex UK NR EUR while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 5 years, XUEK.DE returned 9.45%/yr vs 11.35%/yr for SC0D.DE. With a 0.96 correlation, they move nearly in lockstep. XUEK.DE charges 0.09%/yr vs 0.05%/yr for SC0D.DE.
Performance
XUEK.DE vs. SC0D.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XUEK.DE having a 7.14% return and SC0D.DE slightly higher at 7.29%.
XUEK.DE
- 1D
- 0.60%
- 1M
- 1.36%
- YTD
- 7.14%
- 6M
- 9.35%
- 1Y
- 15.44%
- 3Y*
- 13.91%
- 5Y*
- 9.45%
- 10Y*
- —
SC0D.DE
- 1D
- 0.74%
- 1M
- 1.96%
- YTD
- 7.29%
- 6M
- 8.66%
- 1Y
- 15.55%
- 3Y*
- 15.50%
- 5Y*
- 11.35%
- 10Y*
- 10.37%
XUEK.DE vs. SC0D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XUEK.DE Xtrackers S&P Europe ex UK UCITS ETF | 7.14% | 21.19% | 7.43% | 18.01% | -12.81% | 25.44% | 1.91% | 18.96% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 7.29% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 20.84% |
Correlation
The correlation between XUEK.DE and SC0D.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2019 | 0.96 |
The correlation between XUEK.DE and SC0D.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
XUEK.DE vs. SC0D.DE — Risk / Return Rank
XUEK.DE
SC0D.DE
XUEK.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Europe ex UK UCITS ETF (XUEK.DE) and Invesco EURO STOXX 50 UCITS ETF (SC0D.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.
| XUEK.DE | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 1.43 | +0.14 |
| Martin ratioReturn relative to average drawdown | 5.68 | 4.87 | +0.82 |
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
| XUEK.DE | SC0D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 0.98 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.64 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.46 | +0.20 |
Drawdowns
XUEK.DE vs. SC0D.DE - Drawdown Comparison
The maximum XUEK.DE drawdown since its inception was -34.81%, smaller than the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for XUEK.DE and SC0D.DE.
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Drawdown Indicators
| XUEK.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.81% | -38.50% | +3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.85% | -10.93% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -16.54% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.94% | -23.38% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | -1.21% | -0.53% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -7.22% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 3.21% | -0.48% |
Volatility
XUEK.DE vs. SC0D.DE - Volatility Comparison
The current volatility for Xtrackers S&P Europe ex UK UCITS ETF (XUEK.DE) is 4.19%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 4.94%. This indicates that XUEK.DE experiences smaller price fluctuations and is considered to be less risky than SC0D.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XUEK.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.94% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.01% | 12.94% | -1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 15.95% | -2.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 17.53% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 18.27% | -1.46% |
XUEK.DE vs. SC0D.DE - Expense Ratio Comparison
XUEK.DE has a 0.09% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XUEK.DE vs. SC0D.DE - Dividend Comparison
XUEK.DE's dividend yield for the trailing twelve months is around 2.31%, while SC0D.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XUEK.DE Xtrackers S&P Europe ex UK UCITS ETF | 2.31% | 2.41% | 2.80% | 2.57% | 4.73% | 1.40% | 2.54% |
Frequently Asked Questions
With a correlation of 0.96, XUEK.DE and SC0D.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, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.DE is cheaper with a 0.05% expense ratio, compared with 0.09% for XUEK.DE.
XUEK.DE tracks MSCI Europe Ex UK NR EUR, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.09% for XUEK.DE and 0.05% for SC0D.DE.
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