CSP1.L vs. COMM.L
CSP1.L (iShares Core S&P 500 UCITS ETF) and COMM.L (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - CSP1.L is a S&P 500 fund tracking the S&P 500 Index, while COMM.L is a Commodities fund tracking the Bloomberg Commodity. Both are passively managed. Over the past 5 years, CSP1.L returned 13.98%/yr vs 10.63%/yr for COMM.L. At a 0.26 correlation, their price movements are largely independent. CSP1.L charges 0.07%/yr vs 0.19%/yr for COMM.L.
Performance
CSP1.L vs. COMM.L - Performance Comparison
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Returns By Period
In the year-to-date period, CSP1.L achieves a 9.51% return, which is significantly lower than COMM.L's 15.81% return.
CSP1.L
- 1D
- -0.96%
- 1M
- -0.08%
- YTD
- 9.51%
- 6M
- 9.68%
- 1Y
- 26.03%
- 3Y*
- 19.12%
- 5Y*
- 13.98%
- 10Y*
- 15.52%
COMM.L
- 1D
- 0.55%
- 1M
- -8.45%
- YTD
- 15.81%
- 6M
- 14.65%
- 1Y
- 28.79%
- 3Y*
- 9.84%
- 5Y*
- 10.63%
- 10Y*
- —
CSP1.L vs. COMM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 9.51% | 9.37% | 27.35% | 19.79% | -9.05% | 31.07% | 13.65% | 26.42% | 0.01% | 6.62% |
COMM.L iShares Diversified Commodity Swap UCITS ETF | 15.81% | 8.53% | 6.19% | -12.55% | 28.34% | 29.04% | -7.09% | 3.39% | -5.05% | -21.66% |
Correlation
The correlation between CSP1.L and COMM.L is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2017 | 0.26 |
The correlation between CSP1.L and COMM.L shifts across timeframes, from -0.04 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSP1.L vs. COMM.L — Risk / Return Rank
CSP1.L
COMM.L
CSP1.L vs. COMM.L - 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 iShares Diversified Commodity Swap UCITS ETF (COMM.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.
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 | COMM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.29 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 2.32 | +1.32 |
| Martin ratioReturn relative to average drawdown | 13.13 | 8.56 | +4.57 |
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Drawdowns
CSP1.L vs. COMM.L - Drawdown Comparison
The maximum CSP1.L drawdown since its inception was -25.48%, smaller than the maximum COMM.L drawdown of -40.38%. Use the drawdown chart below to compare losses from any high point for CSP1.L and COMM.L.
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Drawdown Indicators
| CSP1.L | COMM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -40.38% | +14.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -12.38% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -26.75% | +5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -28.49% | +7.72% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -11.90% | +10.40% |
Average DrawdownAverage peak-to-trough decline | -3.64% | -19.56% | +15.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 3.36% | -1.38% |
Volatility
CSP1.L vs. COMM.L - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF (CSP1.L) is 3.55%, while iShares Diversified Commodity Swap UCITS ETF (COMM.L) has a volatility of 4.15%. This indicates that CSP1.L experiences smaller price fluctuations and is considered to be less risky than COMM.L 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 | COMM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 4.15% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 16.65% | -8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.01% | 18.28% | -7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.04% | 21.23% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 19.68% | -1.33% |
CSP1.L vs. COMM.L - Expense Ratio Comparison
CSP1.L has a 0.07% expense ratio, which is lower than COMM.L's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CSP1.L vs. COMM.L - Dividend Comparison
Neither CSP1.L nor COMM.L has paid dividends to shareholders.
Frequently Asked Questions
CSP1.L and COMM.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSP1.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSP1.L is cheaper with a 0.07% expense ratio, compared with 0.19% for COMM.L.
CSP1.L is categorized as S&P 500, while COMM.L is Commodities. CSP1.L tracks S&P 500 Index, while COMM.L tracks Bloomberg Commodity. Their fees differ too: 0.07% for CSP1.L and 0.19% for COMM.L.
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