CSP1.L vs. VUAA.DE
CSP1.L (iShares Core S&P 500 UCITS ETF) and VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) are both S&P 500 funds tracking the S&P 500 Index, from iShares and Vanguard respectively. Both are passively managed. Over the past 5 years, CSP1.L returned 14.38%/yr vs 14.43%/yr for VUAA.DE. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
CSP1.L vs. VUAA.DE - Performance Comparison
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Different Trading Currencies
CSP1.L is traded in GBp, while VUAA.DE is traded in EUR. To make them comparable, the VUAA.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 VUAA.DE slightly higher at 8.78%.
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%
VUAA.DE
- 1D
- 1.52%
- 1M
- -0.54%
- YTD
- 8.78%
- 6M
- 8.87%
- 1Y
- 26.63%
- 3Y*
- 18.38%
- 5Y*
- 14.43%
- 10Y*
- —
CSP1.L vs. VUAA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 8.73% | 9.37% | 27.35% | 19.79% | -9.05% | 31.07% | 10.80% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 8.78% | 10.13% | 26.91% | 20.06% | -9.59% | 30.82% | 12.69% |
Correlation
The correlation between CSP1.L and VUAA.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 (All Time) Calculated using the full available price history since Feb 4, 2020 | 0.93 |
The correlation between CSP1.L and VUAA.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
CSP1.L vs. VUAA.DE — Risk / Return Rank
CSP1.L
VUAA.DE
CSP1.L vs. VUAA.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 Vanguard S&P 500 UCITS USD Acc ETF (VUAA.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 | VUAA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 3.69 | -0.05 |
| Martin ratioReturn relative to average drawdown | 13.18 | 13.16 | +0.02 |
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Drawdowns
CSP1.L vs. VUAA.DE - Drawdown Comparison
The maximum CSP1.L drawdown since its inception was -25.48%, roughly equal to the maximum VUAA.DE drawdown of -26.25%. Use the drawdown chart below to compare losses from any high point for CSP1.L and VUAA.DE.
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Drawdown Indicators
| CSP1.L | VUAA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -26.25% | +0.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -7.10% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -22.05% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -22.05% | +1.28% |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | -1.83% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -3.65% | -3.71% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.00% | -0.03% |
Volatility
CSP1.L vs. VUAA.DE - Volatility Comparison
iShares Core S&P 500 UCITS ETF (CSP1.L) has a higher volatility of 3.54% compared to Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) at 3.19%. This indicates that CSP1.L's price experiences larger fluctuations and is considered to be riskier than VUAA.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 | VUAA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 3.19% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 7.62% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.91% | 11.27% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 14.70% | +5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.45% | 16.93% | +1.52% |
CSP1.L vs. VUAA.DE - Expense Ratio Comparison
Both CSP1.L and VUAA.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. VUAA.DE - Dividend Comparison
Neither CSP1.L nor VUAA.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 1.09% |
Frequently Asked Questions
With a correlation of 0.94, CSP1.L and VUAA.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 VUAA.DE have the same expense ratio: 0.07% per year.
Both ETFs track S&P 500 Index. They also come from different issuers: iShares and Vanguard.
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