S600.L vs. WDEP.L
S600.L (Invesco STOXX Europe 600 UCITS ETF) and WDEP.L (WisdomTree Europe Defence UCITS ETF EUR Accumulating) are both Europe Equities funds - S600.L tracks the MSCI Europe NR EUR while WDEP.L tracks the WisdomTree Europe Defence Index. Both are passively managed. Over the past year, S600.L returned 19.13% vs -2.61% for WDEP.L. At a 0.37 correlation, their price movements are largely independent. S600.L charges 0.19%/yr vs 0.45%/yr for WDEP.L.
Performance
S600.L vs. WDEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, S600.L achieves a 6.62% return, which is significantly higher than WDEP.L's 1.13% 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%
WDEP.L
- 1D
- 1.35%
- 1M
- -6.27%
- YTD
- 1.13%
- 6M
- 4.45%
- 1Y
- -2.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
S600.L vs. WDEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
S600.L Invesco STOXX Europe 600 UCITS ETF | 6.62% | 16.28% |
WDEP.L WisdomTree Europe Defence UCITS ETF EUR Accumulating | 1.13% | 20.67% |
Correlation
The correlation between S600.L and WDEP.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025 | 0.37 |
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Return for Risk
S600.L vs. WDEP.L — Risk / Return Rank
S600.L
WDEP.L
S600.L vs. WDEP.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 WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.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 | WDEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.07 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.02 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.04 | +1.86 |
| Martin ratioReturn relative to average drawdown | 6.60 | -0.08 | +6.68 |
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
| S600.L | WDEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | -0.02 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.70 | — | — |
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 | 0.59 | -0.01 |
Drawdowns
S600.L vs. WDEP.L - Drawdown Comparison
The maximum S600.L drawdown since its inception was -30.21%, which is greater than WDEP.L's maximum drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for S600.L and WDEP.L.
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Drawdown Indicators
| S600.L | WDEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.21% | -19.56% | -10.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -19.56% | +9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -12.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.21% | — | — |
Current DrawdownCurrent decline from peak | -1.22% | -14.70% | +13.48% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -6.15% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 8.32% | -5.42% |
Volatility
S600.L vs. WDEP.L - Volatility Comparison
The current volatility for Invesco STOXX Europe 600 UCITS ETF (S600.L) is 4.05%, while WisdomTree Europe Defence UCITS ETF EUR Accumulating (WDEP.L) has a volatility of 10.28%. This indicates that S600.L experiences smaller price fluctuations and is considered to be less risky than WDEP.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.L | WDEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 10.28% | -6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.11% | 22.06% | -11.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.08% | 28.59% | -16.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 30.09% | -16.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 30.09% | -15.23% |
S600.L vs. WDEP.L - Expense Ratio Comparison
S600.L has a 0.19% expense ratio, which is lower than WDEP.L's 0.45% expense ratio.
Dividends
S600.L vs. WDEP.L - Dividend Comparison
Neither S600.L nor WDEP.L has paid dividends to shareholders.
Frequently Asked Questions
S600.L and WDEP.L have a correlation of 0.32, 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 0.45% for WDEP.L.
S600.L tracks MSCI Europe NR EUR, while WDEP.L tracks WisdomTree Europe Defence Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.19% for S600.L and 0.45% for WDEP.L.
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