SMEA.L vs. S600.L
Compare and contrast key facts about iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) and Invesco STOXX Europe 600 UCITS ETF (S600.L).
SMEA.L and S600.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMEA.L is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Sep 25, 2009. 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. Both SMEA.L and S600.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMEA.L or S600.L.
Performance
SMEA.L vs. S600.L - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SMEA.L having a 3.33% return and S600.L slightly higher at 3.43%. Both investments have delivered pretty close results over the past 10 years, with SMEA.L having a 7.24% annualized return and S600.L not far ahead at 7.28%.
SMEA.L
3.33%
-3.35%
-5.28%
9.08%
6.59%
7.24%
S600.L
3.43%
-3.26%
-5.40%
9.39%
6.45%
7.28%
Key characteristics
| SMEA.L | S600.L | |
|---|---|---|
| Sharpe Ratio | 0.80 | 0.80 |
| Sortino Ratio | 1.18 | 1.18 |
| Omega Ratio | 1.14 | 1.14 |
| Calmar Ratio | 1.19 | 1.23 |
| Martin Ratio | 3.23 | 3.34 |
| Ulcer Index | 2.44% | 2.44% |
| Daily Std Dev | 9.91% | 10.26% |
| Max Drawdown | -28.48% | -30.21% |
| Current Drawdown | -5.94% | -5.85% |
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SMEA.L vs. S600.L - Expense Ratio Comparison
SMEA.L has a 0.12% expense ratio, which is lower than S600.L's 0.19% 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%.
Correlation
The correlation between SMEA.L and S600.L is 1.00, 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.
Risk-Adjusted Performance
SMEA.L vs. S600.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) and Invesco STOXX Europe 600 UCITS ETF (S600.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.
Dividends
SMEA.L vs. S600.L - Dividend Comparison
Neither SMEA.L nor S600.L has paid dividends to shareholders.
Drawdowns
SMEA.L vs. S600.L - Drawdown Comparison
The maximum SMEA.L drawdown since its inception was -28.48%, smaller than the maximum S600.L drawdown of -30.21%. Use the drawdown chart below to compare losses from any high point for SMEA.L and S600.L. For additional features, visit the drawdowns tool.
Volatility
SMEA.L vs. S600.L - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) and Invesco STOXX Europe 600 UCITS ETF (S600.L) have volatilities of 4.62% and 4.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.