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S600.L vs. EQQU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

S600.L vs. EQQU.L

Last updated Jun 6, 2026

S600.L (Invesco STOXX Europe 600 UCITS ETF) and EQQU.L (Invesco EQQQ NASDAQ-100 UCITS ETF) are both exchange-traded funds - S600.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while EQQU.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, S600.L returned 10.04%/yr vs 22.31%/yr for EQQU.L. A 0.58 correlation means they provide meaningful diversification when combined. S600.L charges 0.19%/yr vs 0.30%/yr for EQQU.L.

Performance

S600.L vs. EQQU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco STOXX Europe 600 UCITS ETF (S600.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

S600.L is traded in GBp, while EQQU.L is traded in USD. To make them comparable, the EQQU.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, S600.L achieves a 6.17% return, which is significantly lower than EQQU.L's 17.88% return. Over the past 10 years, S600.L has underperformed EQQU.L with an annualized return of 10.04%, while EQQU.L has yielded a comparatively higher 22.31% annualized return.

S600.L

1D
-0.42%
1M
0.41%
YTD
6.17%
6M
8.41%
1Y
18.63%
3Y*
13.60%
5Y*
9.61%
10Y*
10.04%

EQQU.L

1D
-1.76%
1M
6.25%
YTD
17.88%
6M
15.69%
1Y
38.19%
3Y*
24.28%
5Y*
18.43%
10Y*
22.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

S600.L vs. EQQU.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
S600.L
Invesco STOXX Europe 600 UCITS ETF		6.17%26.17%3.70%13.14%-4.95%16.44%3.69%20.15%-9.71%15.19%
EQQU.L
Invesco EQQQ NASDAQ-100 UCITS ETF		17.88%11.22%28.75%48.45%-25.54%29.16%43.97%32.77%4.80%20.48%

Correlation

The correlation between S600.L and EQQU.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (10Y)
Calculated over the trailing 10-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Mar 25, 2015

0.58

The correlation between S600.L and EQQU.L shifts across timeframes, from 0.47 (3 years) to 0.58 (all time), reflecting how their relationship changes across market environments.

S600.L vs. EQQU.L - Sectors Allocation Comparison

Sectors
S600.L
EQQU.L

Financial Services

23.7%
0.2%

Industrials

20.2%
2.8%

Healthcare

12.6%
3.7%

Technology

8.4%
57.9%

Consumer Defensive

8.1%
6.6%

Consumer Cyclical

6.8%
11.6%

Energy

5.7%
0.5%

Basic Materials

5.5%
1.0%

Utilities

4.9%
1.2%

Communication Services

3.0%
14.5%

Real Estate

1.2%
0.0%

Financial Services

S600.L
23.7%
EQQU.L
0.2%

Industrials

S600.L
20.2%
EQQU.L
2.8%

Healthcare

S600.L
12.6%
EQQU.L
3.7%

Technology

S600.L
8.4%
EQQU.L
57.9%

Consumer Defensive

S600.L
8.1%
EQQU.L
6.6%

Consumer Cyclical

S600.L
6.8%
EQQU.L
11.6%

Energy

S600.L
5.7%
EQQU.L
0.5%

Basic Materials

S600.L
5.5%
EQQU.L
1.0%

Utilities

S600.L
4.9%
EQQU.L
1.2%

Communication Services

S600.L
3.0%
EQQU.L
14.5%

Real Estate

S600.L
1.2%
EQQU.L
0.0%

Compare stocks, funds, or ETFs

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Invesco STOXX Europe 600 UCITS ETF

Invesco EQQQ NASDAQ-100 UCITS ETF

Often compared with S600.L:
S600.L vs. SMEA.LS600.L vs. VWCE.DES600.L vs. SX5S.LS600.L vs. SC0C.DES600.L vs. QQQS600.L vs. FEV.LS600.L vs. SPY5.L
Often compared with EQQU.L:
EQQU.L vs. EQQQ.LEQQU.L vs. CNDX.LEQQU.L vs. VUAA.LEQQU.L vs. SMHEQQU.L vs. QQQEQQU.L vs. CNX1.LEQQU.L vs. XLK

Return for Risk

S600.L vs. EQQU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
S600.L
S600.L Risk / Return Rank: 4646
Overall Rank
S600.L Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
S600.L Sortino Ratio Rank: 4949
Sortino Ratio Rank
S600.L Omega Ratio Rank: 5151
Omega Ratio Rank
S600.L Calmar Ratio Rank: 3939
Calmar Ratio Rank
S600.L Martin Ratio Rank: 4444
Martin Ratio Rank
EQQU.L
EQQU.L Risk / Return Rank: 7272
Overall Rank
EQQU.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
EQQU.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
EQQU.L Omega Ratio Rank: 7171
Omega Ratio Rank
EQQU.L Calmar Ratio Rank: 7070
Calmar Ratio Rank
EQQU.L Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

S600.L vs. EQQU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco STOXX Europe 600 UCITS ETF (S600.L) and Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L). 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.

S600.LEQQU.LDifference
Sharpe ratioReturn per unit of total volatility
1.54
2.39

-0.85

Sortino ratioReturn per unit of downside risk
2.18
3.22

-1.04

Omega ratioGain probability vs. loss probability

1.29

1.42

-0.13

Calmar ratioReturn relative to maximum drawdown

1.77

3.42

-1.65

Martin ratioReturn relative to average drawdown

6.41

9.66

-3.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

S600.L vs. EQQU.L - Sharpe Ratio Comparison

The current S600.L Sharpe Ratio is 1.54, which is lower than the EQQU.L Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of S600.L and EQQU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

S600.LEQQU.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.54

2.39

-0.85

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.69

0.92

-0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

1.11

-0.43

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

1.00

-0.43

Drawdowns

S600.L vs. EQQU.L - Drawdown Comparison

The maximum S600.L drawdown since its inception was -30.21%, which is greater than EQQU.L's maximum drawdown of -27.75%. Use the drawdown chart below to compare losses from any high point for S600.L and EQQU.L.

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Drawdown Indicators

S600.LEQQU.LDifference

Max Drawdown

Largest peak-to-trough decline

-30.21%

-27.75%

-2.46%

Max Drawdown (1Y)

Largest decline over 1 year

-10.47%

-11.12%

+0.65%

Max Drawdown (3Y)

Largest decline over 3 years

-12.53%

-24.26%

+11.73%

Max Drawdown (5Y)

Largest decline over 5 years

-17.04%

-27.75%

+10.71%

Max Drawdown (10Y)

Largest decline over 10 years

-30.21%

-27.75%

-2.46%

Current Drawdown

Current decline from peak

-1.63%

-2.47%

+0.84%

Average Drawdown

Average peak-to-trough decline

-4.28%

-5.33%

+1.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

3.94%

-1.04%

Volatility

S600.L vs. EQQU.L - Volatility Comparison

The current volatility for Invesco STOXX Europe 600 UCITS ETF (S600.L) is 3.33%, while Invesco EQQQ NASDAQ-100 UCITS ETF (EQQU.L) has a volatility of 5.32%. This indicates that S600.L experiences smaller price fluctuations and is considered to be less risky than EQQU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

S600.LEQQU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.33%

5.32%

-1.99%

Volatility (6M)

Calculated over the trailing 6-month period

10.12%

11.76%

-1.64%

Volatility (1Y)

Calculated over the trailing 1-year period

12.08%

15.93%

-3.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.90%

20.04%

-6.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.78%

20.13%

-5.35%

S600.L vs. EQQU.L - Expense Ratio Comparison

S600.L has a 0.19% expense ratio, which is lower than EQQU.L's 0.30% expense ratio.

Dividends

S600.L vs. EQQU.L - Dividend Comparison

S600.L has not paid dividends to shareholders, while EQQU.L's dividend yield for the trailing twelve months is around 0.24%.

PositionTTM20252024202320222021202020192018201720162015
EQQU.L
Invesco EQQQ NASDAQ-100 UCITS ETF		0.24%0.29%0.38%0.39%0.56%0.26%0.39%0.55%0.65%0.64%0.82%0.74%
S600.L
Invesco STOXX Europe 600 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

S600.L and EQQU.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, S600.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

S600.L is cheaper with a 0.19% expense ratio, compared with 0.30% for EQQU.L.

S600.L is categorized as Europe Equities, while EQQU.L is Nasdaq-100. S600.L tracks MSCI Europe NR EUR, while EQQU.L tracks NASDAQ-100 Index. Their fees differ too: 0.19% for S600.L and 0.30% for EQQU.L.

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