CSCA.L vs. IBCF.DE
CSCA.L (iShares MSCI Canada UCITS ETF (USD Accumulating)) and IBCF.DE (iShares S&P 500 EUR Hedged UCITS ETF (Acc)) are both exchange-traded funds - CSCA.L is a Canada Equities fund tracking the MSCI Canada Index, while IBCF.DE is a S&P 500 fund tracking the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 10 years, CSCA.L returned 10.67%/yr vs 12.24%/yr for IBCF.DE. A 0.65 correlation means they provide meaningful diversification when combined. CSCA.L charges 0.48%/yr vs 0.20%/yr for IBCF.DE.
Performance
CSCA.L vs. IBCF.DE - Performance Comparison
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Different Trading Currencies
CSCA.L is traded in GBp, while IBCF.DE is traded in EUR. To make them comparable, the IBCF.DE 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 9.75% return, which is significantly higher than IBCF.DE's 5.19% return. Over the past 10 years, CSCA.L has underperformed IBCF.DE with an annualized return of 10.67%, while IBCF.DE has yielded a comparatively higher 12.24% annualized return.
CSCA.L
- 1D
- 0.06%
- 1M
- 0.95%
- 6M
- 7.73%
- YTD
- 9.75%
- 1Y
- 28.15%
- 3Y*
- 18.57%
- 5Y*
- 12.63%
- 10Y*
- 10.67%
- ALL TIME*
- 5.02%
IBCF.DE
- 1D
- 0.42%
- 1M
- -1.68%
- 6M
- 5.93%
- YTD
- 5.19%
- 1Y
- 14.76%
- 3Y*
- 16.28%
- 5Y*
- 10.05%
- 10Y*
- 12.24%
- ALL TIME*
- 11.63%
CSCA.L vs. IBCF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSCA.L iShares MSCI Canada UCITS ETF (USD Accumulating) | 9.75% | 27.37% | 14.01% | 7.76% | -1.83% | 25.85% | 2.37% | 21.81% | -12.31% | 5.15% |
IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 5.19% | 21.43% | 17.60% | 20.76% | -17.55% | 19.45% | 20.94% | 20.50% | -7.10% | 23.85% |
Correlation
The correlation between CSCA.L and IBCF.DE is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2011 | 0.65 |
The correlation between CSCA.L and IBCF.DE shifts across timeframes, from 0.50 (1 year) to 0.65 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CSCA.L vs. IBCF.DE — Risk / Return Rank
CSCA.L
IBCF.DE
CSCA.L vs. IBCF.DE - 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 S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.DE). 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.
| CSCA.L | IBCF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.21 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 1.64 | +2.36 |
| Martin ratioReturn relative to average drawdown | 15.87 | 6.10 | +9.77 |
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Drawdowns
CSCA.L vs. IBCF.DE - Drawdown Comparison
The maximum CSCA.L drawdown since its inception was -51.79%, which is greater than IBCF.DE's maximum drawdown of -27.91%. Use the drawdown chart below to compare losses from any high point for CSCA.L and IBCF.DE.
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Drawdown Indicators
| CSCA.L | IBCF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.79% | -27.91% | -23.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -8.97% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -20.19% | -17.10% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -23.67% | +3.48% |
Max Drawdown (10Y)Largest decline over 10 years | -33.68% | -27.91% | -5.77% |
Current DrawdownCurrent decline from peak | -0.53% | -2.97% | +2.44% |
Average DrawdownAverage peak-to-trough decline | -19.06% | -5.21% | -13.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.42% | -0.65% |
Volatility
CSCA.L vs. IBCF.DE - Volatility Comparison
iShares MSCI Canada UCITS ETF (USD Accumulating) (CSCA.L) has a higher volatility of 3.10% compared to iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.DE) at 2.95%. This indicates that CSCA.L's price experiences larger fluctuations and is considered to be riskier than IBCF.DE 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 | IBCF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 2.95% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 9.26% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 12.13% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 16.09% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.63% | 16.48% | +2.15% |
CSCA.L vs. IBCF.DE - Expense Ratio Comparison
CSCA.L has a 0.48% expense ratio, which is higher than IBCF.DE's 0.20% expense ratio.
Dividends
CSCA.L vs. IBCF.DE - Dividend Comparison
Neither CSCA.L nor IBCF.DE has paid dividends to shareholders.
Frequently Asked Questions
CSCA.L and IBCF.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBCF.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBCF.DE is cheaper with a 0.20% expense ratio, compared with 0.48% for CSCA.L.
CSCA.L is categorized as Canada Equities, while IBCF.DE is S&P 500. CSCA.L tracks MSCI Canada Index, while IBCF.DE tracks S&P 500 EUR Hedged Index. Their fees differ too: 0.48% for CSCA.L and 0.20% for IBCF.DE.
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