CSNDX.MI vs. SPXP.L
CSNDX.MI (iShares NASDAQ 100 UCITS ETF USD (Acc)) and SPXP.L (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - CSNDX.MI is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while SPXP.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CSNDX.MI returned 21.25%/yr vs 15.06%/yr for SPXP.L. A 0.74 correlation means they provide meaningful diversification when combined. CSNDX.MI charges 0.30%/yr vs 0.05%/yr for SPXP.L.
Performance
CSNDX.MI vs. SPXP.L - Performance Comparison
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Different Trading Currencies
CSNDX.MI is traded in EUR, while SPXP.L is traded in GBp. To make them comparable, the SPXP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSNDX.MI achieves a 20.42% return, which is significantly higher than SPXP.L's 11.54% return. Over the past 10 years, CSNDX.MI has outperformed SPXP.L with an annualized return of 21.25%, while SPXP.L has yielded a comparatively lower 15.06% annualized return.
CSNDX.MI
- 1D
- -0.81%
- 1M
- 9.28%
- YTD
- 20.42%
- 6M
- 19.45%
- 1Y
- 37.69%
- 3Y*
- 24.49%
- 5Y*
- 18.66%
- 10Y*
- 21.25%
SPXP.L
- 1D
- -0.09%
- 1M
- 5.33%
- YTD
- 11.54%
- 6M
- 11.60%
- 1Y
- 25.87%
- 3Y*
- 19.03%
- 5Y*
- 15.00%
- 10Y*
- 15.06%
CSNDX.MI vs. SPXP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSNDX.MI iShares NASDAQ 100 UCITS ETF USD (Acc) | 20.42% | 6.74% | 35.09% | 50.07% | -30.24% | 39.83% | 35.45% | 41.91% | 3.62% | 16.34% |
SPXP.L Invesco S&P 500 UCITS ETF | 11.54% | 3.82% | 33.74% | 22.61% | -13.49% | 39.80% | 7.72% | 34.83% | -0.97% | 6.41% |
Correlation
The correlation between CSNDX.MI and SPXP.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2014 | 0.74 |
The correlation between CSNDX.MI and SPXP.L shifts across timeframes, from 0.74 (all time) to 0.90 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSNDX.MI vs. SPXP.L — Risk / Return Rank
CSNDX.MI
SPXP.L
CSNDX.MI vs. SPXP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) and Invesco S&P 500 UCITS ETF (SPXP.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.
| CSNDX.MI | SPXP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 3.61 | +0.18 |
| Martin ratioReturn relative to average drawdown | 11.18 | 13.11 | -1.92 |
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
| CSNDX.MI | SPXP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.32 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 1.00 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.08 | 0.98 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 1.02 | +0.05 |
Drawdowns
CSNDX.MI vs. SPXP.L - Drawdown Comparison
The maximum CSNDX.MI drawdown since its inception was -31.19%, smaller than the maximum SPXP.L drawdown of -32.89%. Use the drawdown chart below to compare losses from any high point for CSNDX.MI and SPXP.L.
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Drawdown Indicators
| CSNDX.MI | SPXP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.19% | -32.89% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -7.14% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -26.71% | -22.38% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -31.19% | -22.38% | -8.81% |
Max Drawdown (10Y)Largest decline over 10 years | -31.19% | -32.89% | +1.70% |
Current DrawdownCurrent decline from peak | -0.81% | -0.39% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -4.36% | -1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 1.97% | +1.40% |
Volatility
CSNDX.MI vs. SPXP.L - Volatility Comparison
iShares NASDAQ 100 UCITS ETF USD (Acc) (CSNDX.MI) has a higher volatility of 4.28% compared to Invesco S&P 500 UCITS ETF (SPXP.L) at 2.19%. This indicates that CSNDX.MI's price experiences larger fluctuations and is considered to be riskier than SPXP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSNDX.MI | SPXP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 2.19% | +2.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 7.46% | +3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 11.12% | +4.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.79% | 15.02% | +4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 16.75% | +2.86% |
CSNDX.MI vs. SPXP.L - Expense Ratio Comparison
CSNDX.MI has a 0.30% expense ratio, which is higher than SPXP.L's 0.05% expense ratio.
Dividends
CSNDX.MI vs. SPXP.L - Dividend Comparison
Neither CSNDX.MI nor SPXP.L has paid dividends to shareholders.
Frequently Asked Questions
CSNDX.MI and SPXP.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXP.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXP.L is cheaper with a 0.05% expense ratio, compared with 0.30% for CSNDX.MI.
CSNDX.MI is categorized as Nasdaq-100, while SPXP.L is S&P 500. CSNDX.MI tracks NASDAQ-100 Index, while SPXP.L tracks S&P 500 Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for CSNDX.MI and 0.05% for SPXP.L.
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