CSP1.L vs. SXR4.DE
CSP1.L (iShares Core S&P 500 UCITS ETF) and SXR4.DE (iShares MSCI USA UCITS ETF (Acc)) are both exchange-traded funds - CSP1.L is a S&P 500 fund tracking the S&P 500 Index, while SXR4.DE is a Large Cap Blend Equities fund tracking the MSCI USA. Both are passively managed. Over the past 10 years, CSP1.L returned 16.07%/yr vs 15.88%/yr for SXR4.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
CSP1.L vs. SXR4.DE - Performance Comparison
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Different Trading Currencies
CSP1.L is traded in GBp, while SXR4.DE is traded in EUR. To make them comparable, the SXR4.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with CSP1.L having a 10.55% return and SXR4.DE slightly lower at 10.42%. Both investments have delivered pretty close results over the past 10 years, with CSP1.L having a 16.07% annualized return and SXR4.DE not far behind at 15.88%.
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%
SXR4.DE
- 1D
- 0.02%
- 1M
- 5.61%
- YTD
- 10.42%
- 6M
- 10.17%
- 1Y
- 28.63%
- 3Y*
- 19.18%
- 5Y*
- 14.49%
- 10Y*
- 15.88%
CSP1.L vs. SXR4.DE - 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% |
SXR4.DE iShares MSCI USA UCITS ETF (Acc) | 10.42% | 10.07% | 26.57% | 20.98% | -11.24% | 28.56% | 15.41% | 27.30% | -0.07% | 11.09% |
Correlation
The correlation between CSP1.L and SXR4.DE is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | 0.84 |
The correlation between CSP1.L and SXR4.DE shifts across timeframes, from 0.84 (all time) to 0.96 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CSP1.L vs. SXR4.DE — Risk / Return Rank
CSP1.L
SXR4.DE
CSP1.L vs. SXR4.DE - 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 MSCI USA UCITS ETF (Acc) (SXR4.DE). 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 | SXR4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.46 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 3.81 | +0.26 |
| Martin ratioReturn relative to average drawdown | 14.99 | 13.27 | +1.72 |
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 | SXR4.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 2.54 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | 0.96 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.03 | 0.98 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.82 | +0.28 |
Drawdowns
CSP1.L vs. SXR4.DE - Drawdown Comparison
The maximum CSP1.L drawdown since its inception was -25.48%, smaller than the maximum SXR4.DE drawdown of -30.26%. Use the drawdown chart below to compare losses from any high point for CSP1.L and SXR4.DE.
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Drawdown Indicators
| CSP1.L | SXR4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -30.26% | +4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -7.48% | +0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -22.37% | +1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -22.37% | +1.60% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | -26.80% | +1.32% |
Current DrawdownCurrent decline from peak | -0.24% | -0.20% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -5.00% | +1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 2.15% | -0.21% |
Volatility
CSP1.L vs. SXR4.DE - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF (CSP1.L) is 2.62%, while iShares MSCI USA UCITS ETF (Acc) (SXR4.DE) has a volatility of 3.09%. This indicates that CSP1.L experiences smaller price fluctuations and is considered to be less risky than SXR4.DE 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 | SXR4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.09% | -0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 7.51% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 11.23% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 14.99% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 16.12% | -0.55% |
CSP1.L vs. SXR4.DE - Expense Ratio Comparison
Both CSP1.L and SXR4.DE 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. SXR4.DE - Dividend Comparison
Neither CSP1.L nor SXR4.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, CSP1.L and SXR4.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 SXR4.DE have the same expense ratio: 0.07% per year.
CSP1.L is categorized as S&P 500, while SXR4.DE is Large Cap Blend Equities. CSP1.L tracks S&P 500 Index, while SXR4.DE tracks MSCI USA.
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