CSP1.L vs. SXR8.DE
CSP1.L (iShares Core S&P 500 UCITS ETF) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both S&P 500 funds from iShares tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CSP1.L returned 15.83%/yr vs 15.83%/yr for SXR8.DE. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
CSP1.L vs. SXR8.DE - Performance Comparison
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Different Trading Currencies
CSP1.L is traded in GBp, while SXR8.DE is traded in EUR. To make them comparable, the SXR8.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CSP1.L having a 8.73% return and SXR8.DE slightly higher at 8.77%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: CSP1.L at 15.83% and SXR8.DE at 15.83%.
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%
SXR8.DE
- 1D
- 1.54%
- 1M
- -0.51%
- YTD
- 8.77%
- 6M
- 9.10%
- 1Y
- 26.63%
- 3Y*
- 18.28%
- 5Y*
- 14.38%
- 10Y*
- 15.83%
CSP1.L vs. SXR8.DE - 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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 8.77% | 10.18% | 26.55% | 20.03% | -9.61% | 30.81% | 12.83% | 27.49% | 0.35% | 11.23% |
Correlation
The correlation between CSP1.L and SXR8.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.87 |
The correlation between CSP1.L and SXR8.DE has been stable across timeframes, ranging from 0.87 to 0.95 - a consistent structural relationship.
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Return for Risk
CSP1.L vs. SXR8.DE — Risk / Return Rank
CSP1.L
SXR8.DE
CSP1.L vs. SXR8.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 Core S&P 500 UCITS ETF USD (Acc) (SXR8.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.
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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 3.71 | -0.07 |
| Martin ratioReturn relative to average drawdown | 13.18 | 13.16 | +0.01 |
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Drawdowns
CSP1.L vs. SXR8.DE - Drawdown Comparison
The maximum CSP1.L drawdown since its inception was -25.48%, smaller than the maximum SXR8.DE drawdown of -31.44%. Use the drawdown chart below to compare losses from any high point for CSP1.L and SXR8.DE.
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Drawdown Indicators
| CSP1.L | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -31.44% | +5.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -7.07% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -22.03% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -22.03% | +1.26% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | -26.38% | +0.90% |
Current DrawdownCurrent decline from peak | -1.88% | -1.81% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -5.16% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.00% | -0.03% |
Volatility
CSP1.L vs. SXR8.DE - Volatility Comparison
iShares Core S&P 500 UCITS ETF (CSP1.L) has a higher volatility of 3.54% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 3.20%. This indicates that CSP1.L's price experiences larger fluctuations and is considered to be riskier than SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 3.20% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 7.73% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 11.34% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 14.76% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 15.97% | +2.48% |
CSP1.L vs. SXR8.DE - Expense Ratio Comparison
Both CSP1.L and SXR8.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. SXR8.DE - Dividend Comparison
Neither CSP1.L nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, CSP1.L and SXR8.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 SXR8.DE have the same expense ratio: 0.07% per year.
Both ETFs track S&P 500 Index.
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