CSP1.L vs. ROLG.L
CSP1.L (iShares Core S&P 500 UCITS ETF) and ROLG.L (iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD) are both exchange-traded funds - CSP1.L is a S&P 500 fund tracking the S&P 500 Index, while ROLG.L is a Commodities fund tracking the Bloomberg Roll Select Commodity. Both are passively managed. Over the past 5 years, CSP1.L returned 14.19%/yr vs 12.75%/yr for ROLG.L. At a 0.25 correlation, their price movements are largely independent. CSP1.L charges 0.07%/yr vs 0.28%/yr for ROLG.L.
Performance
CSP1.L vs. ROLG.L - Performance Comparison
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Different Trading Currencies
CSP1.L is traded in GBp, while ROLG.L is traded in GBP. To make them comparable, the ROLG.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 10.57% return, which is significantly lower than ROLG.L's 17.97% 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%
ROLG.L
- 1D
- -1.69%
- 1M
- -9.69%
- YTD
- 17.97%
- 6M
- 16.69%
- 1Y
- 31.76%
- 3Y*
- 11.75%
- 5Y*
- 12.75%
- 10Y*
- —
CSP1.L vs. ROLG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -12.53% |
ROLG.L iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD | 17.97% | 8.66% | 6.32% | -7.36% | 30.51% | 29.23% | -2.41% | 1.84% | -30.50% |
Correlation
The correlation between CSP1.L and ROLG.L is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.25 |
The correlation between CSP1.L and ROLG.L shifts across timeframes, from -0.06 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSP1.L vs. ROLG.L — Risk / Return Rank
CSP1.L
ROLG.L
CSP1.L vs. ROLG.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 Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.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 | ROLG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.34 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 2.68 | +1.15 |
| Martin ratioReturn relative to average drawdown | 13.84 | 11.91 | +1.93 |
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Drawdowns
CSP1.L vs. ROLG.L - Drawdown Comparison
The maximum CSP1.L drawdown since its inception was -25.48%, smaller than the maximum ROLG.L drawdown of -40.64%. Use the drawdown chart below to compare losses from any high point for CSP1.L and ROLG.L.
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Drawdown Indicators
| CSP1.L | ROLG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -40.64% | +15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -11.80% | +4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -25.00% | +4.23% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -25.00% | +4.23% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | -11.80% | +11.25% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -18.42% | +14.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.66% | -0.68% |
Volatility
CSP1.L vs. ROLG.L - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF (CSP1.L) is 3.41%, while iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) has a volatility of 4.71%. This indicates that CSP1.L experiences smaller price fluctuations and is considered to be less risky than ROLG.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 | ROLG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 4.71% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 14.49% | -6.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.98% | 16.92% | -5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.04% | 22.19% | -2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.35% | 21.68% | -3.33% |
CSP1.L vs. ROLG.L - Expense Ratio Comparison
CSP1.L has a 0.07% expense ratio, which is lower than ROLG.L's 0.28% expense ratio.
Dividends
CSP1.L vs. ROLG.L - Dividend Comparison
Neither CSP1.L nor ROLG.L has paid dividends to shareholders.
Frequently Asked Questions
CSP1.L and ROLG.L have a correlation of -0.06, 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 0.28% for ROLG.L.
CSP1.L is categorized as S&P 500, while ROLG.L is Commodities. CSP1.L tracks S&P 500 Index, while ROLG.L tracks Bloomberg Roll Select Commodity. Their fees differ too: 0.07% for CSP1.L and 0.28% for ROLG.L.
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