CSP1.L vs. XDPP.L
CSP1.L (iShares Core S&P 500 UCITS ETF) and XDPP.L (Xtrackers S&P 500 UCITS ETF 4C) are both S&P 500 funds tracking the S&P 500 Index, from iShares and Xtrackers respectively. Both are passively managed. Over the past 3 years, CSP1.L returned 19.02%/yr vs 19.03%/yr for XDPP.L. With a 0.99 correlation, they move nearly in lockstep. CSP1.L charges 0.07%/yr vs 0.06%/yr for XDPP.L.
Performance
CSP1.L vs. XDPP.L - Performance Comparison
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Different Trading Currencies
CSP1.L is traded in GBp, while XDPP.L is traded in GBP. To make them comparable, the XDPP.L 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 10.55% return and XDPP.L slightly higher at 10.57%.
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%
XDPP.L
- 1D
- 0.00%
- 1M
- 5.50%
- YTD
- 10.57%
- 6M
- 10.48%
- 1Y
- 29.16%
- 3Y*
- 19.03%
- 5Y*
- —
- 10Y*
- —
CSP1.L vs. XDPP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 10.55% | 9.37% | 27.35% | 19.79% | 2.58% |
XDPP.L Xtrackers S&P 500 UCITS ETF 4C | 10.57% | 9.44% | 27.26% | 19.81% | 2.54% |
Correlation
The correlation between CSP1.L and XDPP.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022 | 0.99 |
The correlation between CSP1.L and XDPP.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
CSP1.L vs. XDPP.L — Risk / Return Rank
CSP1.L
XDPP.L
CSP1.L vs. XDPP.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 Xtrackers S&P 500 UCITS ETF 4C (XDPP.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.
| CSP1.L | XDPP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.52 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 3.99 | +0.09 |
| Martin ratioReturn relative to average drawdown | 14.99 | 14.32 | +0.67 |
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 | XDPP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 2.78 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.04 | — | — |
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 | 1.25 | -0.16 |
Drawdowns
CSP1.L vs. XDPP.L - Drawdown Comparison
The maximum CSP1.L drawdown since its inception was -25.48%, which is greater than XDPP.L's maximum drawdown of -20.98%. Use the drawdown chart below to compare losses from any high point for CSP1.L and XDPP.L.
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Drawdown Indicators
| CSP1.L | XDPP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.48% | -20.98% | -4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -7.28% | +0.16% |
Max Drawdown (3Y)Largest decline over 3 years | -20.77% | -20.98% | +0.21% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.48% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.24% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -3.49% | +0.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 2.03% | -0.09% |
Volatility
CSP1.L vs. XDPP.L - Volatility Comparison
iShares Core S&P 500 UCITS ETF (CSP1.L) and Xtrackers S&P 500 UCITS ETF 4C (XDPP.L) have volatilities of 2.62% and 2.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSP1.L | XDPP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.62% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 7.13% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 10.46% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 13.89% | +0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 13.89% | +1.68% |
CSP1.L vs. XDPP.L - Expense Ratio Comparison
CSP1.L has a 0.07% expense ratio, which is higher than XDPP.L's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CSP1.L vs. XDPP.L - Dividend Comparison
Neither CSP1.L nor XDPP.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, CSP1.L and XDPP.L 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.
On fees, XDPP.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDPP.L is cheaper with a 0.06% expense ratio, compared with 0.07% for CSP1.L.
Both ETFs track S&P 500 Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.07% for CSP1.L and 0.06% for XDPP.L.
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