CSP1.L vs. EMIM.L
CSP1.L (iShares Core S&P 500 UCITS ETF) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - CSP1.L is a S&P 500 fund tracking the S&P 500 Index, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 10 years, CSP1.L returned 15.83%/yr vs 11.13%/yr for EMIM.L. A 0.64 correlation means they provide meaningful diversification when combined. CSP1.L charges 0.07%/yr vs 0.18%/yr for EMIM.L.
Performance
CSP1.L vs. EMIM.L - Performance Comparison
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Returns By Period
In the year-to-date period, CSP1.L achieves a 8.73% return, which is significantly lower than EMIM.L's 22.83% return. Over the past 10 years, CSP1.L has outperformed EMIM.L with an annualized return of 15.83%, while EMIM.L has yielded a comparatively lower 11.13% annualized return.
CSP1.L
- 1D
- 1.46%
- 1M
- -0.56%
- YTD
- 8.73%
- 6M
- 9.12%
- 1Y
- 26.52%
- 3Y*
- 18.26%
- 5Y*
- 14.38%
- 10Y*
- 15.83%
EMIM.L
- 1D
- 2.84%
- 1M
- 3.05%
- YTD
- 22.83%
- 6M
- 25.36%
- 1Y
- 46.92%
- 3Y*
- 19.09%
- 5Y*
- 8.57%
- 10Y*
- 11.13%
CSP1.L vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 8.73% | 9.37% | 27.35% | 19.79% | -9.05% | 31.07% | 13.65% | 26.42% | 0.01% | 10.83% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 22.83% | 23.35% | 9.18% | 4.93% | -10.17% | 0.74% | 14.91% | 12.69% | -9.32% | 24.72% |
Correlation
The correlation between CSP1.L and EMIM.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2014 | 0.64 |
The correlation between CSP1.L and EMIM.L shifts across timeframes, from 0.53 (3 years) to 0.64 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSP1.L vs. EMIM.L — Risk / Return Rank
CSP1.L
EMIM.L
CSP1.L vs. EMIM.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 Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.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 | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.49 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 4.09 | -0.45 |
| Martin ratioReturn relative to average drawdown | 13.18 | 14.02 | -0.84 |
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Drawdowns
CSP1.L vs. EMIM.L - Drawdown Comparison
The maximum CSP1.L drawdown since its inception was -25.48%, smaller than the maximum EMIM.L drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for CSP1.L and EMIM.L.
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Drawdown Indicators
| CSP1.L | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -31.70% | +6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -10.92% | +3.80% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -15.56% | -5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -21.98% | +1.21% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | -26.46% | +0.98% |
Current DrawdownCurrent decline from peak | -1.88% | -3.48% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -8.70% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 3.20% | -1.23% |
Volatility
CSP1.L vs. EMIM.L - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF (CSP1.L) is 3.54%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.38%. This indicates that CSP1.L experiences smaller price fluctuations and is considered to be less risky than EMIM.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 | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 7.38% | -3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 14.94% | -7.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 17.33% | -6.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 15.97% | +4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 17.86% | +0.59% |
CSP1.L vs. EMIM.L - Expense Ratio Comparison
CSP1.L has a 0.07% expense ratio, which is lower than EMIM.L's 0.18% 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. EMIM.L - Dividend Comparison
Neither CSP1.L nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
CSP1.L and EMIM.L have a correlation of 0.62, 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 0.18% for EMIM.L.
CSP1.L is categorized as S&P 500, while EMIM.L is Emerging Markets Equities. CSP1.L tracks S&P 500 Index, while EMIM.L tracks MSCI EM NR USD. Their fees differ too: 0.07% for CSP1.L and 0.18% for EMIM.L.
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