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CSPX.AS vs. EPOL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSPX.AS vs. EPOL

Last updated Jun 9, 2026

CSPX.AS (iShares Core S&P 500 UCITS ETF) and EPOL (iShares MSCI Poland ETF) are both exchange-traded funds - CSPX.AS is a S&P 500 fund tracking the S&P 500 Index, while EPOL is a Europe Equities fund tracking the MSCI Poland Investable Market Index. Both are passively managed. Over the past 10 years, CSPX.AS returned 14.76%/yr vs 11.25%/yr for EPOL. At a 0.23 correlation, their price movements are largely independent. CSPX.AS charges 0.07%/yr vs 0.61%/yr for EPOL.

Performance

CSPX.AS vs. EPOL - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Core S&P 500 UCITS ETF (CSPX.AS) and iShares MSCI Poland ETF (EPOL). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CSPX.AS is traded in EUR, while EPOL is traded in USD. To make them comparable, the EPOL values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CSPX.AS achieves a 10.08% return, which is significantly lower than EPOL's 14.06% return. Over the past 10 years, CSPX.AS has outperformed EPOL with an annualized return of 14.76%, while EPOL has yielded a comparatively lower 11.25% annualized return.

CSPX.AS

1D
-0.23%
1M
2.55%
YTD
10.08%
6M
9.69%
1Y
23.48%
3Y*
18.44%
5Y*
14.39%
10Y*
14.76%

EPOL

1D
1.19%
1M
3.18%
YTD
14.06%
6M
22.66%
1Y
38.98%
3Y*
31.02%
5Y*
17.16%
10Y*
11.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSPX.AS vs. EPOL - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSPX.AS
iShares Core S&P 500 UCITS ETF		10.08%4.00%33.87%22.28%-14.24%40.26%7.72%32.99%-0.36%7.13%
EPOL
iShares MSCI Poland ETF		14.06%56.29%3.82%46.18%-19.95%20.60%-15.93%-4.01%-9.71%33.70%

Correlation

The correlation between CSPX.AS and EPOL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.29

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (10Y)
Calculated over the trailing 10-year period

0.27

Correlation (All Time)
Calculated using the full available price history since May 26, 2010

0.23

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core S&P 500 UCITS ETF

iShares MSCI Poland ETF

Often compared with CSPX.AS:
CSPX.AS vs. CSPX.LCSPX.AS vs. VUSA.LCSPX.AS vs. VOOCSPX.AS vs. SPYCSPX.AS vs. CNDX.ASCSPX.AS vs. VUSD.LCSPX.AS vs. SPYL.DE
Often compared with EPOL:
EPOL vs. SPYEPOL vs. EWQEPOL vs. IBCJ.DEEPOL vs. EIRLEPOL vs. EWWEPOL vs. EWPEPOL vs. EWK

Return for Risk

CSPX.AS vs. EPOL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSPX.AS
CSPX.AS Risk / Return Rank: 7171
Overall Rank
CSPX.AS Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
CSPX.AS Sortino Ratio Rank: 6969
Sortino Ratio Rank
CSPX.AS Omega Ratio Rank: 7272
Omega Ratio Rank
CSPX.AS Calmar Ratio Rank: 7272
Calmar Ratio Rank
CSPX.AS Martin Ratio Rank: 7070
Martin Ratio Rank
EPOL
EPOL Risk / Return Rank: 6161
Overall Rank
EPOL Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
EPOL Sortino Ratio Rank: 5757
Sortino Ratio Rank
EPOL Omega Ratio Rank: 5252
Omega Ratio Rank
EPOL Calmar Ratio Rank: 7979
Calmar Ratio Rank
EPOL Martin Ratio Rank: 6262
Martin Ratio Rank
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.

CSPX.AS vs. EPOL - 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 iShares MSCI Poland ETF (EPOL). 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.

CSPX.ASEPOLDifference
Sharpe ratioReturn per unit of total volatility
2.05
1.84

+0.21

Sortino ratioReturn per unit of downside risk
2.81
2.58

+0.23

Omega ratioGain probability vs. loss probability

1.38

1.30

+0.08

Calmar ratioReturn relative to maximum drawdown

3.26

4.32

-1.05

Martin ratioReturn relative to average drawdown

11.64

11.13

+0.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSPX.AS vs. EPOL - Sharpe Ratio Comparison

The current CSPX.AS Sharpe Ratio is 2.05, which is comparable to the EPOL Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of CSPX.AS and EPOL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CSPX.ASEPOLDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.05

1.84

+0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.93

0.66

+0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.90

0.45

+0.46

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.25

+0.66

Drawdowns

CSPX.AS vs. EPOL - Drawdown Comparison

The maximum CSPX.AS drawdown since its inception was -33.65%, smaller than the maximum EPOL drawdown of -52.18%. Use the drawdown chart below to compare losses from any high point for CSPX.AS and EPOL.

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Drawdown Indicators

CSPX.ASEPOLDifference

Max Drawdown

Largest peak-to-trough decline

-33.65%

-52.18%

+18.53%

Max Drawdown (1Y)

Largest decline over 1 year

-7.11%

-9.08%

+1.97%

Max Drawdown (3Y)

Largest decline over 3 years

-23.37%

-17.83%

-5.54%

Max Drawdown (5Y)

Largest decline over 5 years

-23.37%

-45.52%

+22.15%

Max Drawdown (10Y)

Largest decline over 10 years

-33.65%

-52.18%

+18.53%

Current Drawdown

Current decline from peak

-1.68%

-1.95%

+0.27%

Average Drawdown

Average peak-to-trough decline

-3.74%

-16.62%

+12.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.99%

3.51%

-1.52%

Volatility

CSPX.AS vs. EPOL - Volatility Comparison

The current volatility for iShares Core S&P 500 UCITS ETF (CSPX.AS) is 2.80%, while iShares MSCI Poland ETF (EPOL) has a volatility of 6.52%. This indicates that CSPX.AS experiences smaller price fluctuations and is considered to be less risky than EPOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSPX.ASEPOLDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.80%

6.52%

-3.72%

Volatility (6M)

Calculated over the trailing 6-month period

7.44%

15.77%

-8.33%

Volatility (1Y)

Calculated over the trailing 1-year period

11.31%

21.38%

-10.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.15%

26.11%

-10.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.06%

25.36%

-9.30%

CSPX.AS vs. EPOL - Expense Ratio Comparison

CSPX.AS has a 0.07% expense ratio, which is lower than EPOL's 0.61% expense ratio.

Dividends

CSPX.AS vs. EPOL - Dividend Comparison

CSPX.AS has not paid dividends to shareholders, while EPOL's dividend yield for the trailing twelve months is around 4.27%.

PositionTTM20252024202320222021202020192018201720162015
CSPX.AS
iShares Core S&P 500 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EPOL
iShares MSCI Poland ETF		4.27%4.78%6.04%2.87%2.65%1.33%1.44%2.51%1.44%1.88%2.14%2.53%

Frequently Asked Questions

CSPX.AS and EPOL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CSPX.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSPX.AS is cheaper with a 0.07% expense ratio, compared with 0.61% for EPOL.

CSPX.AS is categorized as S&P 500, while EPOL is Europe Equities. CSPX.AS tracks S&P 500 Index, while EPOL tracks MSCI Poland Investable Market Index. Their fees differ too: 0.07% for CSPX.AS and 0.61% for EPOL.

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