CSPE.L vs. IUCS.L
CSPE.L (SPDR MSCI Europe Consumer Staples UCITS ETF) and IUCS.L (iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating) are both Consumer Staples Equities funds - CSPE.L tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR while IUCS.L tracks the S&P 500 Capped 35/20 Consumer Staples Index. Both are passively managed. Over the past 3 years, CSPE.L returned 0.03%/yr vs 5.64%/yr for IUCS.L. At a 0.32 correlation, their price movements are largely independent. CSPE.L charges 0.18%/yr vs 0.15%/yr for IUCS.L.
Performance
CSPE.L vs. IUCS.L - Performance Comparison
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Different Trading Currencies
CSPE.L is traded in GBP, while IUCS.L is traded in USD. To make them comparable, the IUCS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, CSPE.L achieves a -2.88% return, which is significantly lower than IUCS.L's 6.79% return.
CSPE.L
- 1D
- -0.53%
- 1M
- -0.72%
- YTD
- -2.88%
- 6M
- -2.63%
- 1Y
- -2.21%
- 3Y*
- 0.03%
- 5Y*
- —
- 10Y*
- —
IUCS.L
- 1D
- 0.10%
- 1M
- -1.81%
- YTD
- 6.79%
- 6M
- 6.25%
- 1Y
- 3.18%
- 3Y*
- 5.64%
- 5Y*
- 7.92%
- 10Y*
- —
CSPE.L vs. IUCS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CSPE.L SPDR MSCI Europe Consumer Staples UCITS ETF | -2.88% | 13.19% | -6.25% | -0.65% | 0.64% |
IUCS.L iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating | 6.79% | -3.44% | 16.32% | -5.36% | 8.22% |
Correlation
The correlation between CSPE.L and IUCS.L is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.32 |
Over the past year, CSPE.L and IUCS.L have become more correlated (0.58) than their long-term average of 0.32, meaning their price movements have been converging.
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Return for Risk
CSPE.L vs. IUCS.L — Risk / Return Rank
CSPE.L
IUCS.L
CSPE.L vs. IUCS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Consumer Staples UCITS ETF (CSPE.L) and iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating (IUCS.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.
| CSPE.L | IUCS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.05 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.34 | -0.51 |
| Martin ratioReturn relative to average drawdown | -0.38 | 0.82 | -1.20 |
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
| CSPE.L | IUCS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.16 | 0.22 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.50 | -0.42 |
Drawdowns
CSPE.L vs. IUCS.L - Drawdown Comparison
The maximum CSPE.L drawdown since its inception was -17.18%, roughly equal to the maximum IUCS.L drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for CSPE.L and IUCS.L.
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Drawdown Indicators
| CSPE.L | IUCS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.18% | -17.74% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -9.20% | -4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | -11.51% | -2.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.49% | — |
Current DrawdownCurrent decline from peak | -12.35% | -7.25% | -5.10% |
Average DrawdownAverage peak-to-trough decline | -7.75% | -4.69% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.88% | 3.86% | +2.02% |
Volatility
CSPE.L vs. IUCS.L - Volatility Comparison
The current volatility for SPDR MSCI Europe Consumer Staples UCITS ETF (CSPE.L) is 4.82%, while iShares S&P 500 Consumer Staples Sector UCITS ETF USD Accumulating (IUCS.L) has a volatility of 6.19%. This indicates that CSPE.L experiences smaller price fluctuations and is considered to be less risky than IUCS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSPE.L | IUCS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 6.19% | -1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.07% | 12.11% | -1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 14.66% | -1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 14.12% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.60% | 15.92% | -0.32% |
CSPE.L vs. IUCS.L - Expense Ratio Comparison
CSPE.L has a 0.18% expense ratio, which is higher than IUCS.L's 0.15% 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
CSPE.L vs. IUCS.L - Dividend Comparison
Neither CSPE.L nor IUCS.L has paid dividends to shareholders.
Frequently Asked Questions
CSPE.L and IUCS.L have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUCS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUCS.L is cheaper with a 0.15% expense ratio, compared with 0.18% for CSPE.L.
CSPE.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while IUCS.L tracks S&P 500 Capped 35/20 Consumer Staples Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.18% for CSPE.L and 0.15% for IUCS.L.
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