S600.L vs. VWRL.AS

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco STOXX Europe 600 UCITS ETF (S600.L) and Vanguard FTSE All-World UCITS ETF (VWRL.AS).

S600.L and VWRL.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. S600.L is a passively managed fund by Invesco that tracks the performance of the MSCI Europe NR EUR. It was launched on Apr 1, 2009. VWRL.AS is a passively managed fund by Vanguard that tracks the performance of the MSCI ACWI NR USD. It was launched on May 22, 2012. Both S600.L and VWRL.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

S600.L vs. VWRL.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco STOXX Europe 600 UCITS ETF (S600.L) and Vanguard FTSE All-World UCITS ETF (VWRL.AS). The values are adjusted to include any dividend payments, if applicable.

S600.L vs. VWRL.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
S600.L Invesco STOXX Europe 600 UCITS ETF	1.39%	26.17%	3.70%	13.14%	-4.95%	16.44%	3.69%	20.15%	-9.75%	15.24%
VWRL.AS Vanguard FTSE All-World UCITS ETF	0.16%	14.20%	19.87%	15.71%	-9.19%	20.90%	12.32%	20.51%	-3.73%	13.60%

Different Trading Currencies

S600.L is traded in GBp, while VWRL.AS is traded in EUR. To make them comparable, the VWRL.AS 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 1.39% return, which is significantly higher than VWRL.AS's 0.16% return. Over the past 10 years, S600.L has underperformed VWRL.AS with an annualized return of 9.82%, while VWRL.AS has yielded a comparatively higher 12.38% annualized return.

S600.L

• 1D: 2.30%
• 1M: -4.00%
• YTD: 1.39%
• 6M: 6.60%
• 1Y: 18.61%
• 3Y*: 11.98%
• 5Y*: 10.01%
• 10Y*: 9.82%

VWRL.AS

• 1D: 2.27%
• 1M: -3.02%
• YTD: 0.16%
• 6M: 3.60%
• 1Y: 18.90%
• 3Y*: 14.78%
• 5Y*: 10.61%
• 10Y*: 12.38%

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

S600.L vs. VWRL.AS - Expense Ratio Comparison

S600.L has a 0.19% expense ratio, which is lower than VWRL.AS's 0.22% 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%.

VWRL.AS

Vanguard FTSE All-World UCITS ETF

S600.L

Invesco STOXX Europe 600 UCITS ETF

Return for Risk

S600.L vs. VWRL.AS — 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: 69
S600.L Sharpe Ratio Rank: 73
S600.L Sortino Ratio Rank: 69
S600.L Omega Ratio Rank: 71
S600.L Calmar Ratio Rank: 67
S600.L Martin Ratio Rank: 65

VWRL.AS

VWRL.AS Risk / Return Rank: 64
VWRL.AS Sharpe Ratio Rank: 45
VWRL.AS Sortino Ratio Rank: 41
VWRL.AS Omega Ratio Rank: 46
VWRL.AS Calmar Ratio Rank: 94
VWRL.AS Martin Ratio Rank: 95

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. VWRL.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco STOXX Europe 600 UCITS ETF (S600.L) and Vanguard FTSE All-World UCITS ETF (VWRL.AS). 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	VWRL.AS	Difference
Sharpe ratio Return per unit of total volatility	1.37	1.26	+0.11
Sortino ratio Return per unit of downside risk	1.80	1.75	+0.05
Omega ratio Gain probability vs. loss probability	1.27	1.27	0.00
Calmar ratio Return relative to maximum drawdown	1.83	4.09	-2.26
Martin ratio Return relative to average drawdown	7.03	16.38	-9.34
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. VWRL.AS - Sharpe Ratio Comparison

The current S600.L Sharpe Ratio is 1.37, which is comparable to the VWRL.AS Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of S600.L and VWRL.AS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	S600.L	VWRL.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.37	1.26	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.78	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.83	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.75	-0.20

Correlation

The correlation between S600.L and VWRL.AS is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

S600.L vs. VWRL.AS - Dividend Comparison

S600.L has not paid dividends to shareholders, while VWRL.AS's dividend yield for the trailing twelve months is around 1.40%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VWRL.AS Vanguard FTSE All-World UCITS ETF	1.40%	1.42%	1.47%	1.74%	2.10%	1.43%	1.56%	1.89%	2.24%	1.93%	1.95%	2.03%

Drawdowns

S600.L vs. VWRL.AS - Drawdown Comparison

The maximum S600.L drawdown since its inception was -30.21%, which is greater than VWRL.AS's maximum drawdown of -25.81%. Use the drawdown chart below to compare losses from any high point for S600.L and VWRL.AS.

Drawdown Indicators

	S600.L	VWRL.AS	Difference
Max Drawdown Largest peak-to-trough decline	-30.21%	-33.27%	+3.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	-13.16%	+2.69%
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	-21.00%	+3.96%
Max Drawdown (10Y) Largest decline over 10 years	-30.21%	-33.27%	+3.06%
Current Drawdown Current decline from peak	-6.06%	-3.97%	-2.09%
Average Drawdown Average peak-to-trough decline	-4.32%	-4.43%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.72%	1.62%	+1.10%

Volatility

S600.L vs. VWRL.AS - Volatility Comparison

Invesco STOXX Europe 600 UCITS ETF (S600.L) has a higher volatility of 5.75% compared to Vanguard FTSE All-World UCITS ETF (VWRL.AS) at 4.59%. This indicates that S600.L's price experiences larger fluctuations and is considered to be riskier than VWRL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	S600.L	VWRL.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.75%	4.59%	+1.16%
Volatility (6M) Calculated over the trailing 6-month period	9.17%	8.45%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	13.59%	14.87%	-1.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.83%	13.31%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.81%	14.67%	+0.14%