0Y8Z.L vs. CS1.L
0Y8Z.L (iShares Core MSCI EMU UCITS ETF EUR (Dist)) and CS1.L (Amundi ETF MSCI Spain UCITS ETF EUR (C)) are both Europe Equities funds - 0Y8Z.L tracks the MSCI EMU Net Index (EUR) while CS1.L tracks the BME IBEX 35 NR EUR. Both are passively managed. Over the past 3 years, 0Y8Z.L returned 15.97%/yr vs 31.45%/yr for CS1.L. At a 0.37 correlation, their price movements are largely independent. 0Y8Z.L charges 0.12%/yr vs 0.25%/yr for CS1.L.
Performance
0Y8Z.L vs. CS1.L - Performance Comparison
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Different Trading Currencies
0Y8Z.L is traded in EUR, while CS1.L is traded in GBp. To make them comparable, the CS1.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 0Y8Z.L achieves a 11.27% return, which is significantly lower than CS1.L's 13.92% return.
0Y8Z.L
- 1D
- -1.02%
- 1M
- -0.23%
- 6M
- 6.94%
- YTD
- 11.27%
- 1Y
- 20.28%
- 3Y*
- 15.97%
- 5Y*
- —
- 10Y*
- —
CS1.L
- 1D
- -0.56%
- 1M
- 2.00%
- 6M
- 10.96%
- YTD
- 13.92%
- 1Y
- 43.51%
- 3Y*
- 31.45%
- 5Y*
- 22.19%
- 10Y*
- 12.07%
0Y8Z.L vs. CS1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 11.27% | 24.83% | 8.63% | 15.41% | 1.14% |
CS1.L Amundi ETF MSCI Spain UCITS ETF EUR (C) | 13.92% | 54.15% | 19.62% | 26.77% | 4.81% |
Correlation
The correlation between 0Y8Z.L and CS1.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2022 | 0.37 |
Over the past year, 0Y8Z.L and CS1.L have become more correlated (0.57) than their long-term average of 0.37, meaning their price movements have been converging.
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Return for Risk
0Y8Z.L vs. CS1.L — Risk / Return Rank
0Y8Z.L
CS1.L
0Y8Z.L vs. CS1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) and Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 0Y8Z.L | CS1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.48 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 4.53 | -2.40 |
| Martin ratioReturn relative to average drawdown | 8.14 | 15.63 | -7.49 |
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Drawdowns
0Y8Z.L vs. CS1.L - Drawdown Comparison
The maximum 0Y8Z.L drawdown since its inception was -14.60%, smaller than the maximum CS1.L drawdown of -52.19%. Use the drawdown chart below to compare losses from any high point for 0Y8Z.L and CS1.L.
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Drawdown Indicators
| 0Y8Z.L | CS1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.60% | -52.19% | +37.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -9.56% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.60% | -12.80% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.60% | — |
Current DrawdownCurrent decline from peak | -2.77% | -2.44% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -15.28% | +13.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.78% | -0.18% |
Volatility
0Y8Z.L vs. CS1.L - Volatility Comparison
iShares Core MSCI EMU UCITS ETF EUR (Dist) (0Y8Z.L) and Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.L) have volatilities of 4.06% and 4.23%, 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.
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Volatility by Period
| 0Y8Z.L | CS1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 4.23% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.23% | 13.98% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 16.43% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.99% | 18.72% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.99% | 19.26% | -0.27% |
0Y8Z.L vs. CS1.L - Expense Ratio Comparison
0Y8Z.L has a 0.12% expense ratio, which is lower than CS1.L's 0.25% 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
0Y8Z.L vs. CS1.L - Dividend Comparison
0Y8Z.L's dividend yield for the trailing twelve months is around 2.32%, while CS1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
0Y8Z.L iShares Core MSCI EMU UCITS ETF EUR (Dist) | 2.32% | 2.53% | 2.41% |
CS1.L Amundi ETF MSCI Spain UCITS ETF EUR (C) | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
0Y8Z.L and CS1.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 0Y8Z.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
0Y8Z.L is cheaper with a 0.12% expense ratio, compared with 0.25% for CS1.L.
0Y8Z.L tracks MSCI EMU Net Index (EUR), while CS1.L tracks BME IBEX 35 NR EUR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.12% for 0Y8Z.L and 0.25% for CS1.L.
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