S600.L vs. SUSW.L

Last updated Jun 5, 2026

S600.L (Invesco STOXX Europe 600 UCITS ETF) and SUSW.L (iShares MSCI World SRI UCITS ETF EUR (Acc)) are both exchange-traded funds - S600.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while SUSW.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, S600.L returned 9.71%/yr vs 10.66%/yr for SUSW.L. A 0.76 correlation means they provide meaningful diversification when combined. S600.L charges 0.19%/yr vs 0.20%/yr for SUSW.L.

Performance

S600.L vs. SUSW.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 iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

S600.L is traded in GBp, while SUSW.L is traded in EUR. To make them comparable, the SUSW.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 6.62% return, which is significantly lower than SUSW.L's 10.44% return.

S600.L

• 1D: 0.63%
• 1M: 0.83%
• YTD: 6.62%
• 6M: 8.86%
• 1Y: 19.13%
• 3Y*: 13.88%
• 5Y*: 9.71%
• 10Y*: 10.10%

SUSW.L

• 1D: 0.30%
• 1M: 4.00%
• YTD: 10.44%
• 6M: 10.27%
• 1Y: 21.80%
• 3Y*: 13.10%
• 5Y*: 10.66%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
S600.L Invesco STOXX Europe 600 UCITS ETF	6.62%	26.17%	3.70%	13.14%	-4.95%	16.44%	3.69%	20.15%	-9.75%	-0.31%
SUSW.L iShares MSCI World SRI UCITS ETF EUR (Acc)	10.44%	7.34%	12.96%	18.37%	-12.08%	27.61%	17.02%	24.81%	-2.13%	1.80%

Correlation

The correlation between S600.L and SUSW.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 24, 2017	0.76

The correlation between S600.L and SUSW.L has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.

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

Sectors	S600.L	SUSW.L
Financial Services	23.7%	17.1%
Industrials	20.2%	11.8%
Healthcare	12.6%	9.3%
Technology	8.4%	30.6%
Consumer Defensive	8.1%	6.2%
Consumer Cyclical	6.8%	9.2%
Energy	5.7%	-
Basic Materials	5.5%	4.0%
Utilities	4.9%	1.8%
Communication Services	3.0%	7.7%
Real Estate	1.2%	2.3%

Return for Risk

S600.L vs. SUSW.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: 44
S600.L Sharpe Ratio Rank: 46
S600.L Sortino Ratio Rank: 46
S600.L Omega Ratio Rank: 49
S600.L Calmar Ratio Rank: 37
S600.L Martin Ratio Rank: 42

SUSW.L

SUSW.L Risk / Return Rank: 46
SUSW.L Sharpe Ratio Rank: 43
SUSW.L Sortino Ratio Rank: 44
SUSW.L Omega Ratio Rank: 44
SUSW.L Calmar Ratio Rank: 48
SUSW.L Martin Ratio Rank: 52

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. SUSW.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 iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.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.L	SUSW.L	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.83	-0.25
Sortino ratio: Return per unit of downside risk	2.23	2.62	-0.38
Omega ratio: Gain probability vs. loss probability	1.30	1.34	-0.04
Calmar ratio: Return relative to maximum drawdown	1.82	2.76	-0.94
Martin ratio: Return relative to average drawdown	6.60	10.28	-3.67
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. SUSW.L - Sharpe Ratio Comparison

The current S600.L Sharpe Ratio is 1.58, which is comparable to the SUSW.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of S600.L and SUSW.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.

Sharpe Ratios by Period

	S600.L	SUSW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	1.83	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.75	-0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.75	-0.18

Drawdowns

S600.L vs. SUSW.L - Drawdown Comparison

The maximum S600.L drawdown since its inception was -30.21%, which is greater than SUSW.L's maximum drawdown of -24.50%. Use the drawdown chart below to compare losses from any high point for S600.L and SUSW.L.

Drawdown Indicators

	S600.L	SUSW.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.21%	-24.50%	-5.71%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	-7.77%	-2.70%
Max Drawdown (3Y) Largest decline over 3 years	-12.53%	-20.11%	+7.58%
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	-20.11%	+3.07%
Max Drawdown (10Y) Largest decline over 10 years	-30.21%	—	—
Current Drawdown Current decline from peak	-1.22%	0.00%	-1.22%
Average Drawdown Average peak-to-trough decline	-4.30%	-4.01%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.10%	+0.80%

Volatility

S600.L vs. SUSW.L - Volatility Comparison

Invesco STOXX Europe 600 UCITS ETF (S600.L) has a higher volatility of 4.05% compared to iShares MSCI World SRI UCITS ETF EUR (Acc) (SUSW.L) at 3.54%. This indicates that S600.L's price experiences larger fluctuations and is considered to be riskier than SUSW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	S600.L	SUSW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	3.54%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	8.89%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	11.71%	+0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.90%	14.16%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.86%	15.84%	-0.98%

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

S600.L has a 0.19% expense ratio, which is lower than SUSW.L'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

S600.L vs. SUSW.L - Dividend Comparison

Neither S600.L nor SUSW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both S600.L and SUSW.L in my portfolio?

S600.L and SUSW.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, S600.L or SUSW.L?

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.

Which ETF is cheaper, S600.L or SUSW.L?

S600.L is cheaper with a 0.19% expense ratio, compared with 0.20% for SUSW.L.

What is the main difference between S600.L and SUSW.L?

S600.L is categorized as Europe Equities, while SUSW.L is Global Equities. S600.L tracks MSCI Europe NR EUR, while SUSW.L tracks MSCI ACWI NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.19% for S600.L and 0.20% for SUSW.L.