CS1.L vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.L) and S&P 500 Index (^GSPC).

CS1.L is a passively managed fund by Amundi that tracks the performance of the BME IBEX 35 NR EUR. It was launched on Sep 16, 2008.

Performance

CS1.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

CS1.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CS1.L Amundi ETF MSCI Spain UCITS ETF EUR (C)	1.68%	62.63%	14.12%	24.14%	4.89%	0.59%	-7.48%	8.06%	-11.27%	15.93%
^GSPC S&P 500 Index	-2.36%	8.10%	25.46%	18.02%	-9.86%	28.09%	12.84%	23.98%	-0.68%	9.09%

Different Trading Currencies

CS1.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CS1.L achieves a 1.68% return, which is significantly higher than ^GSPC's -2.36% return. Over the past 10 years, CS1.L has underperformed ^GSPC with an annualized return of 11.85%, while ^GSPC has yielded a comparatively higher 13.04% annualized return.

CS1.L

• 1D: 2.83%
• 1M: -1.89%
• YTD: 1.68%
• 6M: 14.78%
• 1Y: 42.13%
• 3Y*: 27.88%
• 5Y*: 20.15%
• 10Y*: 11.85%

^GSPC

• 1D: 0.49%
• 1M: -3.37%
• YTD: -2.36%
• 6M: -0.37%
• 1Y: 13.80%
• 3Y*: 14.19%
• 5Y*: 11.28%
• 10Y*: 13.04%

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

Return for Risk

CS1.L vs. ^GSPC — Risk / Return Rank

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

CS1.L

CS1.L Risk / Return Rank: 94
CS1.L Sharpe Ratio Rank: 94
CS1.L Sortino Ratio Rank: 93
CS1.L Omega Ratio Rank: 94
CS1.L Calmar Ratio Rank: 94
CS1.L Martin Ratio Rank: 93

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

CS1.L vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.L) and S&P 500 Index (^GSPC). 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.

	CS1.L	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	2.41	0.74	+1.67
Sortino ratio Return per unit of downside risk	2.94	1.15	+1.79
Omega ratio Gain probability vs. loss probability	1.45	1.18	+0.28
Calmar ratio Return relative to maximum drawdown	4.04	1.22	+2.82
Martin ratio Return relative to average drawdown	14.02	4.79	+9.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CS1.L vs. ^GSPC - Sharpe Ratio Comparison

The current CS1.L Sharpe Ratio is 2.41, which is higher than the ^GSPC Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of CS1.L and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CS1.L	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	0.74	+1.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.21	0.71	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.72	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.55	-0.07

Correlation

The correlation between CS1.L and ^GSPC is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

CS1.L vs. ^GSPC - Drawdown Comparison

The maximum CS1.L drawdown since its inception was -38.87%, roughly equal to the maximum ^GSPC drawdown of -37.67%. Use the drawdown chart below to compare losses from any high point for CS1.L and ^GSPC.

Drawdown Indicators

	CS1.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-38.87%	-56.78%	+17.91%
Max Drawdown (1Y) Largest decline over 1 year	-10.34%	-12.14%	+1.80%
Max Drawdown (5Y) Largest decline over 5 years	-18.82%	-25.43%	+6.61%
Max Drawdown (10Y) Largest decline over 10 years	-38.87%	-33.92%	-4.95%
Current Drawdown Current decline from peak	-5.21%	-5.78%	+0.57%
Average Drawdown Average peak-to-trough decline	-10.44%	-10.75%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	2.60%	+0.38%

Volatility

CS1.L vs. ^GSPC - Volatility Comparison

Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.L) has a higher volatility of 7.25% compared to S&P 500 Index (^GSPC) at 4.58%. This indicates that CS1.L's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CS1.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	4.58%	+2.67%
Volatility (6M) Calculated over the trailing 6-month period	12.54%	9.50%	+3.04%
Volatility (1Y) Calculated over the trailing 1-year period	17.41%	18.75%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.60%	15.90%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.47%	18.17%	+0.30%