CSP1.L vs. IGLN.L
CSP1.L (iShares Core S&P 500 UCITS ETF) and IGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - CSP1.L is a S&P 500 fund tracking the S&P 500 Index, while IGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 10 years, CSP1.L returned 16.07%/yr vs 14.18%/yr for IGLN.L. At a 0.04 correlation, their price movements are largely independent. CSP1.L charges 0.07%/yr vs 0.25%/yr for IGLN.L.
Performance
CSP1.L vs. IGLN.L - Performance Comparison
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Different Trading Currencies
CSP1.L is traded in GBp, while IGLN.L is traded in USD. To make them comparable, the IGLN.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 IGLN.L's 3.39% return. Over the past 10 years, CSP1.L has outperformed IGLN.L with an annualized return of 16.07%, while IGLN.L has yielded a comparatively lower 14.18% 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%
IGLN.L
- 1D
- 0.00%
- 1M
- -2.15%
- YTD
- 3.39%
- 6M
- 4.55%
- 1Y
- 32.71%
- 3Y*
- 27.94%
- 5Y*
- 19.72%
- 10Y*
- 14.18%
CSP1.L vs. IGLN.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% |
IGLN.L iShares Physical Gold ETC | 4.12% | 53.17% | 28.35% | 7.77% | 11.79% | -3.12% | 20.51% | 13.78% | 4.54% | 2.01% |
Correlation
The correlation between CSP1.L and IGLN.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Apr 13, 2011 | 0.04 |
The correlation between CSP1.L and IGLN.L shifts across timeframes, from 0.02 (5 years) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSP1.L vs. IGLN.L — Risk / Return Rank
CSP1.L
IGLN.L
CSP1.L vs. IGLN.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 Physical Gold ETC (IGLN.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 | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.27 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 1.86 | +2.21 |
| Martin ratioReturn relative to average drawdown | 14.99 | 4.95 | +10.04 |
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 | IGLN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 1.35 | +1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 1.17 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | 0.87 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.52 | +0.57 |
Drawdowns
CSP1.L vs. IGLN.L - Drawdown Comparison
The maximum CSP1.L drawdown since its inception was -25.48%, smaller than the maximum IGLN.L drawdown of -41.86%. Use the drawdown chart below to compare losses from any high point for CSP1.L and IGLN.L.
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Drawdown Indicators
| CSP1.L | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -41.86% | +16.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -17.53% | +10.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -17.53% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -17.53% | -3.24% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | -22.37% | -3.11% |
Current DrawdownCurrent decline from peak | -0.24% | -16.35% | +16.11% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -14.94% | +11.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 6.59% | -4.65% |
Volatility
CSP1.L vs. IGLN.L - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF (CSP1.L) is 2.62%, while iShares Physical Gold ETC (IGLN.L) has a volatility of 5.98%. This indicates that CSP1.L experiences smaller price fluctuations and is considered to be less risky than IGLN.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 | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 5.98% | -3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 21.12% | -13.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 24.08% | -13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 16.81% | -2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 16.35% | -0.78% |
CSP1.L vs. IGLN.L - Expense Ratio Comparison
CSP1.L has a 0.07% expense ratio, which is lower than IGLN.L's 0.25% 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. IGLN.L - Dividend Comparison
Neither CSP1.L nor IGLN.L has paid dividends to shareholders.
Frequently Asked Questions
CSP1.L and IGLN.L have a correlation of 0.13, 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 0.25% for IGLN.L.
CSP1.L is categorized as S&P 500, while IGLN.L is Gold. CSP1.L tracks S&P 500 Index, while IGLN.L tracks LBMA Gold Price. Their fees differ too: 0.07% for CSP1.L and 0.25% for IGLN.L.
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