CSPX.AS vs. ^STOXX
CSPX.AS (iShares Core S&P 500 UCITS ETF) is S&P 500 fund tracking the S&P 500 Index, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, CSPX.AS returned 14.86%/yr vs 7.05%/yr for ^STOXX. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
CSPX.AS vs. ^STOXX - Performance Comparison
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Returns By Period
In the year-to-date period, CSPX.AS achieves a 9.99% return, which is significantly higher than ^STOXX's 6.82% return. Over the past 10 years, CSPX.AS has outperformed ^STOXX with an annualized return of 14.86%, while ^STOXX has yielded a comparatively lower 7.05% annualized return.
CSPX.AS
- 1D
- 1.55%
- 1M
- 0.02%
- YTD
- 9.99%
- 6M
- 11.11%
- 1Y
- 24.76%
- 3Y*
- 17.93%
- 5Y*
- 14.23%
- 10Y*
- 14.86%
^STOXX
- 1D
- 1.88%
- 1M
- 3.56%
- YTD
- 6.82%
- 6M
- 9.51%
- 1Y
- 16.20%
- 3Y*
- 10.98%
- 5Y*
- 6.72%
- 10Y*
- 7.05%
CSPX.AS vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSPX.AS iShares Core S&P 500 UCITS ETF | 9.99% | 4.00% | 33.87% | 22.28% | -14.24% | 40.26% | 7.72% | 32.99% | -0.36% | 7.13% |
^STOXX STOXX Europe 600 Index | 6.82% | 17.42% | 5.39% | 12.74% | -13.06% | 22.10% | -3.83% | 23.78% | -13.61% | 7.68% |
Correlation
The correlation between CSPX.AS and ^STOXX is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.65 |
The correlation between CSPX.AS and ^STOXX shifts across timeframes, from 0.55 (3 years) to 0.69 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
CSPX.AS vs. ^STOXX — Risk / Return Rank
CSPX.AS
^STOXX
CSPX.AS vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF (CSPX.AS) and STOXX Europe 600 Index (^STOXX). 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.
| CSPX.AS | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.23 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 1.61 | +1.79 |
| Martin ratioReturn relative to average drawdown | 12.02 | 5.82 | +6.20 |
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Drawdowns
CSPX.AS vs. ^STOXX - Drawdown Comparison
The maximum CSPX.AS drawdown since its inception was -33.65%, smaller than the maximum ^STOXX drawdown of -60.54%. Use the drawdown chart below to compare losses from any high point for CSPX.AS and ^STOXX.
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Drawdown Indicators
| CSPX.AS | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -60.54% | +26.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -9.56% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -16.56% | -6.81% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -22.55% | -0.82% |
Max Drawdown (10Y)Largest decline over 10 years | -33.65% | -35.55% | +1.90% |
Current DrawdownCurrent decline from peak | -1.76% | -0.10% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -14.61% | +10.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.68% | -0.66% |
Volatility
CSPX.AS vs. ^STOXX - Volatility Comparison
iShares Core S&P 500 UCITS ETF (CSPX.AS) and STOXX Europe 600 Index (^STOXX) have volatilities of 3.07% and 3.17%, 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
| CSPX.AS | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 3.17% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.76% | 10.28% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 12.30% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 14.22% | +0.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 15.50% | +0.57% |
Frequently Asked Questions
CSPX.AS and ^STOXX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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