CSCA.L vs. CSSPX.MI
CSCA.L (iShares MSCI Canada UCITS ETF (USD Accumulating)) and CSSPX.MI (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - CSCA.L is a Canada Equities fund tracking the MSCI Canada Index, while CSSPX.MI is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CSCA.L returned 11.72%/yr vs 16.07%/yr for CSSPX.MI. A 0.51 correlation means they provide meaningful diversification when combined. CSCA.L charges 0.48%/yr vs 0.07%/yr for CSSPX.MI.
Performance
CSCA.L vs. CSSPX.MI - Performance Comparison
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Different Trading Currencies
CSCA.L is traded in GBp, while CSSPX.MI is traded in EUR. To make them comparable, the CSSPX.MI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSCA.L achieves a 9.66% return, which is significantly lower than CSSPX.MI's 10.48% return. Over the past 10 years, CSCA.L has underperformed CSSPX.MI with an annualized return of 11.72%, while CSSPX.MI has yielded a comparatively higher 16.07% annualized return.
CSCA.L
- 1D
- 0.52%
- 1M
- 3.48%
- YTD
- 9.66%
- 6M
- 12.09%
- 1Y
- 34.16%
- 3Y*
- 19.18%
- 5Y*
- 12.56%
- 10Y*
- 11.72%
CSSPX.MI
- 1D
- -0.00%
- 1M
- 5.47%
- YTD
- 10.48%
- 6M
- 10.36%
- 1Y
- 29.03%
- 3Y*
- 19.04%
- 5Y*
- 14.93%
- 10Y*
- 16.07%
CSCA.L vs. CSSPX.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSCA.L iShares MSCI Canada UCITS ETF (USD Accumulating) | 9.66% | 27.37% | 14.01% | 7.76% | -1.83% | 24.99% | 3.07% | 21.81% | -12.31% | 5.15% |
CSSPX.MI iShares Core S&P 500 UCITS ETF USD (Acc) | 10.48% | 9.69% | 27.93% | 19.59% | -9.90% | 30.95% | 13.64% | 27.28% | 0.35% | 11.26% |
Correlation
The correlation between CSCA.L and CSSPX.MI is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | 0.51 |
The correlation between CSCA.L and CSSPX.MI has been stable across timeframes, ranging from 0.51 to 0.61 - a consistent structural relationship.
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Return for Risk
CSCA.L vs. CSSPX.MI — Risk / Return Rank
CSCA.L
CSSPX.MI
CSCA.L vs. CSSPX.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI). 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.
| CSCA.L | CSSPX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.48 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.85 | 4.09 | +0.76 |
| Martin ratioReturn relative to average drawdown | 19.98 | 14.76 | +5.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSCA.L | CSSPX.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 2.64 | +0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 1.00 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.76 | 1.00 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.96 | -0.35 |
Drawdowns
CSCA.L vs. CSSPX.MI - Drawdown Comparison
The maximum CSCA.L drawdown since its inception was -33.80%, which is greater than CSSPX.MI's maximum drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for CSCA.L and CSSPX.MI.
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Drawdown Indicators
| CSCA.L | CSSPX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.80% | -26.14% | -7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -7.09% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.18% | -21.97% | +7.79% |
Max Drawdown (5Y)Largest decline over 5 years | -14.18% | -21.97% | +7.79% |
Max Drawdown (10Y)Largest decline over 10 years | -33.68% | -26.14% | -7.54% |
Current DrawdownCurrent decline from peak | 0.00% | -0.21% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -3.34% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.97% | -0.26% |
Volatility
CSCA.L vs. CSSPX.MI - Volatility Comparison
The current volatility for iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.L) is 1.69%, while iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI) has a volatility of 3.02%. This indicates that CSCA.L experiences smaller price fluctuations and is considered to be less risky than CSSPX.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSCA.L | CSSPX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.69% | 3.02% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 7.40% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 11.00% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 14.74% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.00% | 15.96% | +1.04% |
CSCA.L vs. CSSPX.MI - Expense Ratio Comparison
CSCA.L has a 0.48% expense ratio, which is higher than CSSPX.MI's 0.07% expense ratio.
Dividends
CSCA.L vs. CSSPX.MI - Dividend Comparison
Neither CSCA.L nor CSSPX.MI has paid dividends to shareholders.
Frequently Asked Questions
CSCA.L and CSSPX.MI have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSPX.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSPX.MI is cheaper with a 0.07% expense ratio, compared with 0.48% for CSCA.L.
CSCA.L is categorized as Canada Equities, while CSSPX.MI is S&P 500. CSCA.L tracks MSCI Canada Index, while CSSPX.MI tracks S&P 500 Index. Their fees differ too: 0.48% for CSCA.L and 0.07% for CSSPX.MI.
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