CG1.L vs. SPOL.L

Last updated Jun 5, 2026

CG1.L (Amundi ETF DAX UCITS ETF DR) and SPOL.L (iShares MSCI Poland UCITS ETF USD (Acc)) are both Europe Equities funds - CG1.L tracks the FSE DAX TR EUR while SPOL.L tracks the MSCI Poland NR EUR. Both are passively managed. Over the past 10 years, CG1.L returned 9.94%/yr vs 10.28%/yr for SPOL.L. A 0.54 correlation means they provide meaningful diversification when combined. CG1.L charges 0.10%/yr vs 0.74%/yr for SPOL.L.

Performance

CG1.L vs. SPOL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi ETF DAX UCITS ETF DR (CG1.L) and iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CG1.L achieves a 0.50% return, which is significantly lower than SPOL.L's 15.71% return. Both investments have delivered pretty close results over the past 10 years, with CG1.L having a 9.94% annualized return and SPOL.L not far ahead at 10.28%.

CG1.L

• 1D: 0.55%
• 1M: 2.25%
• YTD: 0.50%
• 6M: 3.03%
• 1Y: 5.04%
• 3Y*: 15.61%
• 5Y*: 9.27%
• 10Y*: 9.94%

SPOL.L

• 1D: 0.64%
• 1M: 6.57%
• YTD: 15.71%
• 6M: 25.23%
• 1Y: 43.43%
• 3Y*: 30.33%
• 5Y*: 15.01%
• 10Y*: 10.28%

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

CG1.L vs. SPOL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CG1.L Amundi ETF DAX UCITS ETF DR	0.50%	28.47%	13.17%	17.07%	-7.61%	7.99%	9.33%	16.56%	-16.89%	16.60%
SPOL.L iShares MSCI Poland UCITS ETF USD (Acc)	15.71%	61.27%	-4.98%	41.52%	-17.96%	8.30%	-14.19%	-9.68%	-7.69%	40.45%

Correlation

The correlation between CG1.L and SPOL.L is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Jun 15, 2011	0.54

The correlation between CG1.L and SPOL.L has been stable across timeframes, ranging from 0.53 to 0.58 - a consistent structural relationship.

CG1.L vs. SPOL.L - Sectors Allocation Comparison

Sectors	CG1.L	SPOL.L
Industrials	33.9%	1.9%
Financial Services	20.8%	48.0%
Technology	14.4%	2.2%
Consumer Cyclical	7.0%	10.9%
Communication Services	6.4%	3.2%
Healthcare	5.8%	-
Basic Materials	5.0%	9.8%
Utilities	4.7%	2.0%
Consumer Defensive	1.0%	5.4%
Real Estate	1.0%	-
Energy	-	16.7%

Return for Risk

CG1.L vs. SPOL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CG1.L

CG1.L Risk / Return Rank: 14
CG1.L Sharpe Ratio Rank: 14
CG1.L Sortino Ratio Rank: 14
CG1.L Omega Ratio Rank: 14
CG1.L Calmar Ratio Rank: 14
CG1.L Martin Ratio Rank: 15

SPOL.L

SPOL.L Risk / Return Rank: 61
SPOL.L Sharpe Ratio Rank: 56
SPOL.L Sortino Ratio Rank: 54
SPOL.L Omega Ratio Rank: 50
SPOL.L Calmar Ratio Rank: 84
SPOL.L Martin Ratio Rank: 62

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.

CG1.L vs. SPOL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF DAX UCITS ETF DR (CG1.L) and iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.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.

	CG1.L	SPOL.L	Difference
Sharpe ratio: Return per unit of total volatility	0.33	1.87	-1.54
Sortino ratio: Return per unit of downside risk	0.56	2.58	-2.02
Omega ratio: Gain probability vs. loss probability	1.07	1.31	-0.24
Calmar ratio: Return relative to maximum drawdown	0.39	4.54	-4.16
Martin ratio: Return relative to average drawdown	1.24	10.87	-9.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CG1.L vs. SPOL.L - Sharpe Ratio Comparison

The current CG1.L Sharpe Ratio is 0.33, which is lower than the SPOL.L Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of CG1.L and SPOL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CG1.L	SPOL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	1.87	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.55	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.40	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.16	+0.28

Drawdowns

CG1.L vs. SPOL.L - Drawdown Comparison

The maximum CG1.L drawdown since its inception was -34.44%, smaller than the maximum SPOL.L drawdown of -56.64%. Use the drawdown chart below to compare losses from any high point for CG1.L and SPOL.L.

Drawdown Indicators

	CG1.L	SPOL.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.44%	-56.64%	+22.20%
Max Drawdown (1Y) Largest decline over 1 year	-12.92%	-9.51%	-3.41%
Max Drawdown (3Y) Largest decline over 3 years	-13.80%	-19.47%	+5.67%
Max Drawdown (5Y) Largest decline over 5 years	-23.46%	-46.27%	+22.81%
Max Drawdown (10Y) Largest decline over 10 years	-34.44%	-56.64%	+22.20%
Current Drawdown Current decline from peak	-3.29%	-0.53%	-2.76%
Average Drawdown Average peak-to-trough decline	-7.08%	-21.79%	+14.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	3.98%	+0.07%

Volatility

CG1.L vs. SPOL.L - Volatility Comparison

The current volatility for Amundi ETF DAX UCITS ETF DR (CG1.L) is 4.79%, while iShares MSCI Poland UCITS ETF USD (Acc) (SPOL.L) has a volatility of 7.21%. This indicates that CG1.L experiences smaller price fluctuations and is considered to be less risky than SPOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CG1.L	SPOL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	7.21%	-2.42%
Volatility (6M) Calculated over the trailing 6-month period	12.45%	17.30%	-4.85%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	23.13%	-7.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	27.10%	-10.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	25.42%	-7.42%

CG1.L vs. SPOL.L - Expense Ratio Comparison

CG1.L has a 0.10% expense ratio, which is lower than SPOL.L's 0.74% expense ratio.

Dividends

CG1.L vs. SPOL.L - Dividend Comparison

Neither CG1.L nor SPOL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CG1.L and SPOL.L in my portfolio?

CG1.L and SPOL.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CG1.L or SPOL.L?

On fees, CG1.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CG1.L or SPOL.L?

CG1.L is cheaper with a 0.10% expense ratio, compared with 0.74% for SPOL.L.

What is the main difference between CG1.L and SPOL.L?

CG1.L tracks FSE DAX TR EUR, while SPOL.L tracks MSCI Poland NR EUR. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for CG1.L and 0.74% for SPOL.L.