CSPE.L vs. SXLP.L

Last updated Jun 13, 2026

CSPE.L (SPDR MSCI Europe Consumer Staples UCITS ETF) and SXLP.L (SPDR S&P US Consumer Staples Select Sector UCITS ETF) are both Consumer Staples Equities funds from State Street tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Both are passively managed. Over the past 10 years, CSPE.L returned 2.40%/yr vs 8.01%/yr for SXLP.L. At a 0.47 correlation, their price movements are largely independent. CSPE.L charges 0.18%/yr vs 0.15%/yr for SXLP.L.

Performance

CSPE.L vs. SXLP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR MSCI Europe Consumer Staples UCITS ETF (CSPE.L) and SPDR S&P US Consumer Staples Select Sector UCITS ETF (SXLP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CSPE.L is traded in GBP, while SXLP.L is traded in USD. To make them comparable, the SXLP.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 1.05% return, which is significantly lower than SXLP.L's 10.58% return. Over the past 10 years, CSPE.L has underperformed SXLP.L with an annualized return of 2.40%, while SXLP.L has yielded a comparatively higher 8.01% annualized return.

CSPE.L

• 1D: 0.00%
• 1M: 3.20%
• YTD: 1.05%
• 6M: 1.33%
• 1Y: 1.83%
• 3Y*: 1.63%
• 5Y*: -1.56%
• 10Y*: 2.40%

SXLP.L

• 1D: -0.13%
• 1M: 0.25%
• YTD: 10.58%
• 6M: 9.35%
• 1Y: 9.63%
• 3Y*: 6.42%
• 5Y*: 7.82%
• 10Y*: 8.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSPE.L vs. SXLP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSPE.L SPDR MSCI Europe Consumer Staples UCITS ETF	1.05%	12.81%	-6.84%	-1.21%	-18.25%	20.29%	-3.57%	25.15%	-9.01%	8.73%
SXLP.L SPDR S&P US Consumer Staples Select Sector UCITS ETF	10.58%	-4.33%	15.08%	-6.62%	11.66%	17.95%	5.55%	22.16%	-3.41%	2.34%

Correlation

The correlation between CSPE.L and SXLP.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	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015	0.47

The correlation between CSPE.L and SXLP.L shifts across timeframes, from 0.46 (10 years) to 0.58 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CSPE.L vs. SXLP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSPE.L

CSPE.L Risk / Return Rank: 11
CSPE.L Sharpe Ratio Rank: 11
CSPE.L Sortino Ratio Rank: 11
CSPE.L Omega Ratio Rank: 11
CSPE.L Calmar Ratio Rank: 11
CSPE.L Martin Ratio Rank: 11

SXLP.L

SXLP.L Risk / Return Rank: 19
SXLP.L Sharpe Ratio Rank: 19
SXLP.L Sortino Ratio Rank: 19
SXLP.L Omega Ratio Rank: 18
SXLP.L Calmar Ratio Rank: 21
SXLP.L Martin Ratio Rank: 18

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.

CSPE.L vs. SXLP.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 SPDR S&P US Consumer Staples Select Sector UCITS ETF (SXLP.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.

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.

	CSPE.L	SXLP.L	Difference
Sharpe ratio: Return per unit of total volatility	0.13	0.65	-0.51
Sortino ratio: Return per unit of downside risk	0.29	1.02	-0.73
Omega ratio: Gain probability vs. loss probability	1.04	1.11	-0.08
Calmar ratio: Return relative to maximum drawdown	0.14	1.06	-0.92
Martin ratio: Return relative to average drawdown	0.31	2.48	-2.18

CSPE.L vs. SXLP.L - Sharpe Ratio Comparison

The current CSPE.L Sharpe Ratio is 0.13, which is lower than the SXLP.L Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of CSPE.L and SXLP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSPE.L vs. SXLP.L - Drawdown Comparison

The maximum CSPE.L drawdown since its inception was -27.10%, which is greater than SXLP.L's maximum drawdown of -18.29%. Use the drawdown chart below to compare losses from any high point for CSPE.L and SXLP.L.

Drawdown Indicators

	CSPE.L	SXLP.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.10%	-18.29%	-8.81%
Max Drawdown (1Y) Largest decline over 1 year	-13.54%	-9.05%	-4.49%
Max Drawdown (3Y) Largest decline over 3 years	-13.54%	-11.43%	-2.11%
Max Drawdown (5Y) Largest decline over 5 years	-27.10%	-15.24%	-11.86%
Max Drawdown (10Y) Largest decline over 10 years	-27.10%	-18.29%	-8.81%
Current Drawdown Current decline from peak	-15.93%	-3.86%	-12.07%
Average Drawdown Average peak-to-trough decline	-8.85%	-4.79%	-4.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.06%	3.87%	+2.19%

Volatility

CSPE.L vs. SXLP.L - Volatility Comparison

The current volatility for SPDR MSCI Europe Consumer Staples UCITS ETF (CSPE.L) is 4.18%, while SPDR S&P US Consumer Staples Select Sector UCITS ETF (SXLP.L) has a volatility of 6.14%. This indicates that CSPE.L experiences smaller price fluctuations and is considered to be less risky than SXLP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSPE.L	SXLP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	6.14%	-1.96%
Volatility (6M) Calculated over the trailing 6-month period	11.25%	12.22%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	13.68%	14.78%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.12%	13.98%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.07%	15.07%	-1.00%

CSPE.L vs. SXLP.L - Expense Ratio Comparison

CSPE.L has a 0.18% expense ratio, which is higher than SXLP.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. SXLP.L - Dividend Comparison

Neither CSPE.L nor SXLP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CSPE.L and SXLP.L in my portfolio?

CSPE.L and SXLP.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.

Which ETF is better, CSPE.L or SXLP.L?

On fees, SXLP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSPE.L or SXLP.L?

SXLP.L is cheaper with a 0.15% expense ratio, compared with 0.18% for CSPE.L.

What is the main difference between CSPE.L and SXLP.L?

Both ETFs track Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Their fees differ too: 0.18% for CSPE.L and 0.15% for SXLP.L.