CSP1.L vs. ^GSPC
CSP1.L (iShares Core S&P 500 UCITS ETF) is S&P 500 fund tracking the S&P 500 Index, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CSP1.L returned 15.67%/yr vs 14.13%/yr for ^GSPC. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
CSP1.L vs. ^GSPC - Performance Comparison
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Different Trading Currencies
CSP1.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, CSP1.L achieves a 10.57% return, which is significantly higher than ^GSPC's 9.90% return. Over the past 10 years, CSP1.L has outperformed ^GSPC with an annualized return of 15.67%, while ^GSPC has yielded a comparatively lower 14.13% annualized return.
CSP1.L
- 1D
- 0.74%
- 1M
- 1.15%
- YTD
- 10.57%
- 6M
- 10.74%
- 1Y
- 27.41%
- 3Y*
- 19.40%
- 5Y*
- 14.19%
- 10Y*
- 15.67%
^GSPC
- 1D
- 0.09%
- 1M
- 0.36%
- YTD
- 9.90%
- 6M
- 8.80%
- 1Y
- 24.71%
- 3Y*
- 17.76%
- 5Y*
- 12.60%
- 10Y*
- 14.13%
CSP1.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 10.57% | 9.37% | 27.35% | 19.79% | -9.05% | 31.07% | 13.65% | 26.42% | 0.01% | 10.83% |
^GSPC S&P 500 Index | 9.90% | 8.10% | 25.46% | 18.02% | -9.86% | 28.09% | 12.84% | 23.98% | -0.68% | 9.09% |
Correlation
The correlation between CSP1.L and ^GSPC is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
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 May 19, 2010 | 0.61 |
The correlation between CSP1.L and ^GSPC has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
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Return for Risk
CSP1.L vs. ^GSPC — Risk / Return Rank
CSP1.L
^GSPC
CSP1.L vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF (CSP1.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.
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.
| CSP1.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.38 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 3.09 | +0.74 |
| Martin ratioReturn relative to average drawdown | 13.84 | 11.34 | +2.50 |
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Drawdowns
CSP1.L vs. ^GSPC - Drawdown Comparison
The maximum CSP1.L drawdown since its inception was -25.48%, smaller than the maximum ^GSPC drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for CSP1.L and ^GSPC.
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Drawdown Indicators
| CSP1.L | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -37.07% | +11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -8.03% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -22.15% | +1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -22.15% | +1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | -26.01% | +0.53% |
Current DrawdownCurrent decline from peak | -0.55% | -1.66% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -5.30% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.18% | -0.20% |
Volatility
CSP1.L vs. ^GSPC - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF (CSP1.L) is 3.41%, while S&P 500 Index (^GSPC) has a volatility of 4.35%. This indicates that CSP1.L experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSP1.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 4.35% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 8.96% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 12.03% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.04% | 15.96% | +4.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 18.09% | +0.26% |
Frequently Asked Questions
CSP1.L and ^GSPC have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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