CEMU.AS vs. CSPX.AS
Compare and contrast key facts about iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) and iShares Core S&P 500 UCITS ETF (CSPX.AS).
CEMU.AS and CSPX.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEMU.AS is a passively managed fund by iShares that tracks the performance of the MSCI EMU NR EUR. It was launched on Jan 12, 2010. CSPX.AS is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 19, 2010. Both CEMU.AS and CSPX.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEMU.AS or CSPX.AS.
Key characteristics
| CEMU.AS | CSPX.AS | |
|---|---|---|
| YTD Return | 13.23% | 13.58% |
| 1Y Return | 18.74% | 29.88% |
| 3Y Return (Ann) | 8.68% | 13.52% |
| 5Y Return (Ann) | 9.56% | 14.83% |
| Sharpe Ratio | 1.49 | 2.61 |
| Daily Std Dev | 11.29% | 10.49% |
| Max Drawdown | -38.38% | -33.65% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between CEMU.AS and CSPX.AS is 0.72, 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.
Performance
CEMU.AS vs. CSPX.AS - Performance Comparison
The year-to-date returns for both investments are quite close, with CEMU.AS having a 13.23% return and CSPX.AS slightly higher at 13.58%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CEMU.AS vs. CSPX.AS - Expense Ratio Comparison
CEMU.AS has a 0.12% expense ratio, which is higher than CSPX.AS's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CEMU.AS vs. CSPX.AS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) and iShares Core S&P 500 UCITS ETF (CSPX.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.
Dividends
CEMU.AS vs. CSPX.AS - Dividend Comparison
Neither CEMU.AS nor CSPX.AS has paid dividends to shareholders.
Drawdowns
CEMU.AS vs. CSPX.AS - Drawdown Comparison
The maximum CEMU.AS drawdown since its inception was -38.38%, which is greater than CSPX.AS's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for CEMU.AS and CSPX.AS. For additional features, visit the drawdowns tool.
Volatility
CEMU.AS vs. CSPX.AS - Volatility Comparison
The current volatility for iShares Core MSCI EMU UCITS ETF EUR (Acc) (CEMU.AS) is 3.52%, while iShares Core S&P 500 UCITS ETF (CSPX.AS) has a volatility of 4.01%. This indicates that CEMU.AS experiences smaller price fluctuations and is considered to be less risky than CSPX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.