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CSP1.L vs. USMF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSP1.L vs. USMF

Last updated Jun 5, 2026

CSP1.L (iShares Core S&P 500 UCITS ETF) and USMF (WisdomTree US Multifactor Fund) are both exchange-traded funds - CSP1.L is a S&P 500 fund tracking the S&P 500 Index, while USMF is a Mid Cap Blend Equities fund tracking the WisdomTree US Multifactor Index. Both are passively managed. Over the past 5 years, CSP1.L returned 14.94%/yr vs 8.85%/yr for USMF. A 0.54 correlation means they provide meaningful diversification when combined. CSP1.L charges 0.07%/yr vs 0.28%/yr for USMF.

Performance

CSP1.L vs. USMF - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Core S&P 500 UCITS ETF (CSP1.L) and WisdomTree US Multifactor Fund (USMF). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CSP1.L is traded in GBp, while USMF is traded in USD. To make them comparable, the USMF 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 USMF's 4.86% 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%

USMF

1D
0.08%
1M
4.11%
YTD
4.86%
6M
3.86%
1Y
7.71%
3Y*
11.47%
5Y*
8.85%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSP1.L vs. USMF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%5.33%
USMF
WisdomTree US Multifactor Fund		4.86%-2.85%21.74%7.80%2.02%22.40%8.72%19.34%0.93%5.40%

Correlation

The correlation between CSP1.L and USMF is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Aug 25, 2017

0.54

Over the past year, the correlation between CSP1.L and USMF has dropped to 0.34 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

CSP1.L vs. USMF - Sectors Allocation Comparison

Sectors
CSP1.L
USMF

Technology

38.0%
35.6%

Financial Services

11.3%
11.8%

Communication Services

10.7%
10.3%

Consumer Cyclical

9.9%
11.1%

Healthcare

8.4%
9.3%

Industrials

7.9%
7.8%

Consumer Defensive

4.7%
5.2%

Energy

3.4%
4.1%

Utilities

2.2%
2.0%

Real Estate

1.9%
2.0%

Basic Materials

1.7%
0.9%

Technology

CSP1.L
38.0%
USMF
35.6%

Financial Services

CSP1.L
11.3%
USMF
11.8%

Communication Services

CSP1.L
10.7%
USMF
10.3%

Consumer Cyclical

CSP1.L
9.9%
USMF
11.1%

Healthcare

CSP1.L
8.4%
USMF
9.3%

Industrials

CSP1.L
7.9%
USMF
7.8%

Consumer Defensive

CSP1.L
4.7%
USMF
5.2%

Energy

CSP1.L
3.4%
USMF
4.1%

Utilities

CSP1.L
2.2%
USMF
2.0%

Real Estate

CSP1.L
1.9%
USMF
2.0%

Basic Materials

CSP1.L
1.7%
USMF
0.9%

Compare stocks, funds, or ETFs

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iShares Core S&P 500 UCITS ETF

WisdomTree US Multifactor Fund

Often compared with CSP1.L:
CSP1.L vs. CSPX.LCSP1.L vs. VUAG.LCSP1.L vs. SPYCSP1.L vs. IUSA.LCSP1.L vs. VUAA.LCSP1.L vs. SPY5.LCSP1.L vs. VOO
Often compared with USMF:
USMF vs. DYNFUSMF vs. VFMFUSMF vs. SCHMUSMF vs. SFLRUSMF vs. SPMOUSMF vs. SPYUSMF vs. VO

Return for Risk

CSP1.L vs. USMF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSP1.L
CSP1.L Risk / Return Rank: 8282
Overall Rank
CSP1.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
CSP1.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
CSP1.L Omega Ratio Rank: 8585
Omega Ratio Rank
CSP1.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
CSP1.L Martin Ratio Rank: 7878
Martin Ratio Rank
USMF
USMF Risk / Return Rank: 2121
Overall Rank
USMF Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
USMF Sortino Ratio Rank: 1919
Sortino Ratio Rank
USMF Omega Ratio Rank: 1818
Omega Ratio Rank
USMF Calmar Ratio Rank: 2323
Calmar Ratio Rank
USMF Martin Ratio Rank: 2424
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSP1.L vs. USMF - 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 WisdomTree US Multifactor Fund (USMF). 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.LUSMFDifference
Sharpe ratioReturn per unit of total volatility
2.73
0.71

+2.02

Sortino ratioReturn per unit of downside risk
3.66
1.02

+2.64

Omega ratioGain probability vs. loss probability

1.51

1.13

+0.38

Calmar ratioReturn relative to maximum drawdown

4.07

1.38

+2.69

Martin ratioReturn relative to average drawdown

14.99

3.56

+11.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSP1.L vs. USMF - Sharpe Ratio Comparison

The current CSP1.L Sharpe Ratio is 2.73, which is higher than the USMF Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of CSP1.L and USMF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CSP1.LUSMFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.73

0.71

+2.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.04

0.65

+0.40

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.03

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.09

0.59

+0.50

Drawdowns

CSP1.L vs. USMF - Drawdown Comparison

The maximum CSP1.L drawdown since its inception was -25.48%, smaller than the maximum USMF drawdown of -28.60%. Use the drawdown chart below to compare losses from any high point for CSP1.L and USMF.

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Drawdown Indicators

CSP1.LUSMFDifference

Max Drawdown

Largest peak-to-trough decline

-25.48%

-28.60%

+3.12%

Max Drawdown (1Y)

Largest decline over 1 year

-7.12%

-5.60%

-1.52%

Max Drawdown (3Y)

Largest decline over 3 years

-20.77%

-17.56%

-3.21%

Max Drawdown (5Y)

Largest decline over 5 years

-20.77%

-17.56%

-3.21%

Max Drawdown (10Y)

Largest decline over 10 years

-25.48%

—

—

Current Drawdown

Current decline from peak

-0.24%

-3.53%

+3.29%

Average Drawdown

Average peak-to-trough decline

-3.32%

-4.31%

+0.99%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.94%

2.17%

-0.23%

Volatility

CSP1.L vs. USMF - Volatility Comparison

iShares Core S&P 500 UCITS ETF (CSP1.L) has a higher volatility of 2.62% compared to WisdomTree US Multifactor Fund (USMF) at 1.89%. This indicates that CSP1.L's price experiences larger fluctuations and is considered to be riskier than USMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSP1.LUSMFDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.62%

1.89%

+0.73%

Volatility (6M)

Calculated over the trailing 6-month period

7.16%

7.78%

-0.62%

Volatility (1Y)

Calculated over the trailing 1-year period

10.62%

10.88%

-0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.31%

13.70%

+0.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.57%

16.89%

-1.32%

CSP1.L vs. USMF - Expense Ratio Comparison

CSP1.L has a 0.07% expense ratio, which is lower than USMF's 0.28% expense ratio.

Dividends

CSP1.L vs. USMF - Dividend Comparison

CSP1.L has not paid dividends to shareholders, while USMF's dividend yield for the trailing twelve months is around 1.31%.

PositionTTM202520242023202220212020201920182017
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%
USMF
WisdomTree US Multifactor Fund		1.31%1.37%1.22%1.33%1.74%1.42%1.34%1.38%1.45%0.67%

Frequently Asked Questions

CSP1.L and USMF have a correlation of 0.34, 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 USMF.

CSP1.L is categorized as S&P 500, while USMF is Mid Cap Blend Equities. CSP1.L tracks S&P 500 Index, while USMF tracks WisdomTree US Multifactor Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.07% for CSP1.L and 0.28% for USMF.

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