CSP1.L vs. IBTS.L
CSP1.L (iShares Core S&P 500 UCITS ETF) and IBTS.L (iShares $ Treasury Bond 1-3yr UCITS ETF) are both exchange-traded funds - CSP1.L is a S&P 500 fund tracking the S&P 500 Index, while IBTS.L is a Government Bonds fund tracking the ICE U.S. Treasury 1-3 Year Bond Index. Both are passively managed. Over the past 10 years, CSP1.L returned 16.07%/yr vs 2.52%/yr for IBTS.L. At a 0.24 correlation, their price movements are largely independent. Both charge a 0.07% expense ratio.
Performance
CSP1.L vs. IBTS.L - Performance Comparison
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Different Trading Currencies
CSP1.L is traded in GBp, while IBTS.L is traded in GBP. To make them comparable, the IBTS.L 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 10.55% return, which is significantly higher than IBTS.L's 0.65% return. Over the past 10 years, CSP1.L has outperformed IBTS.L with an annualized return of 16.07%, while IBTS.L has yielded a comparatively lower 2.52% annualized return.
CSP1.L
- 1D
- 0.05%
- 1M
- 5.54%
- YTD
- 10.55%
- 6M
- 10.48%
- 1Y
- 29.13%
- 3Y*
- 19.02%
- 5Y*
- 14.94%
- 10Y*
- 16.07%
IBTS.L
- 1D
- 0.14%
- 1M
- 1.13%
- YTD
- 0.65%
- 6M
- 0.29%
- 1Y
- 4.47%
- 3Y*
- 1.53%
- 5Y*
- 2.95%
- 10Y*
- 2.52%
CSP1.L vs. IBTS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 10.55% | 9.37% | 27.35% | 19.79% | -9.05% | 31.07% | 13.65% | 26.42% | 0.01% | 10.83% |
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 0.65% | -1.91% | 5.79% | -1.41% | 7.61% | 0.64% | -0.34% | 0.37% | 7.21% | -8.60% |
Correlation
The correlation between CSP1.L and IBTS.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | 0.24 |
The correlation between CSP1.L and IBTS.L shifts across timeframes, from 0.06 (5 years) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSP1.L vs. IBTS.L — Risk / Return Rank
CSP1.L
IBTS.L
CSP1.L vs. IBTS.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 $ Treasury Bond 1-3yr UCITS ETF (IBTS.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.
| CSP1.L | IBTS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.13 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 0.99 | +3.08 |
| Martin ratioReturn relative to average drawdown | 14.99 | 2.51 | +12.48 |
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
| CSP1.L | IBTS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 0.73 | +2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.36 | +0.68 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | 0.27 | +0.76 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.35 | +0.74 |
Drawdowns
CSP1.L vs. IBTS.L - Drawdown Comparison
The maximum CSP1.L drawdown since its inception was -25.48%, which is greater than IBTS.L's maximum drawdown of -19.02%. Use the drawdown chart below to compare losses from any high point for CSP1.L and IBTS.L.
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Drawdown Indicators
| CSP1.L | IBTS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -19.02% | -6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -4.51% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -8.89% | -11.88% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -16.28% | -4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | -19.02% | -6.46% |
Current DrawdownCurrent decline from peak | -0.24% | -7.51% | +7.27% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -7.93% | +4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 1.78% | +0.16% |
Volatility
CSP1.L vs. IBTS.L - Volatility Comparison
iShares Core S&P 500 UCITS ETF (CSP1.L) has a higher volatility of 2.62% compared to iShares $ Treasury Bond 1-3yr UCITS ETF (IBTS.L) at 1.67%. This indicates that CSP1.L's price experiences larger fluctuations and is considered to be riskier than IBTS.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 | IBTS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 1.67% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 4.49% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 6.09% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 8.09% | +6.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 9.24% | +6.33% |
CSP1.L vs. IBTS.L - Expense Ratio Comparison
Both CSP1.L and IBTS.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CSP1.L vs. IBTS.L - Dividend Comparison
CSP1.L has not paid dividends to shareholders, while IBTS.L's dividend yield for the trailing twelve months is around 3.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF | 3.99% | 4.22% | 4.12% | 3.08% | 0.75% | 0.61% | 1.84% | 2.39% | 1.49% | 1.01% | 0.67% | 0.49% |
Frequently Asked Questions
CSP1.L and IBTS.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CSP1.L and IBTS.L have the same expense ratio: 0.07% per year.
CSP1.L is categorized as S&P 500, while IBTS.L is Government Bonds. CSP1.L tracks S&P 500 Index, while IBTS.L tracks ICE U.S. Treasury 1-3 Year Bond Index.
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