CSPX.AS vs. FWD
CSPX.AS (iShares Core S&P 500 UCITS ETF) and FWD (AB Disruptors ETF) are both exchange-traded funds - CSPX.AS is a S&P 500 fund tracking the S&P 500 Index, while FWD is a Global Equities fund actively managed by AllianceBernstein. CSPX.AS is passively managed, while FWD is actively managed. Over the past 3 years, CSPX.AS returned 18.87%/yr vs 35.24%/yr for FWD. A 0.57 correlation means they provide meaningful diversification when combined. CSPX.AS charges 0.07%/yr vs 0.65%/yr for FWD.
Performance
CSPX.AS vs. FWD - Performance Comparison
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Different Trading Currencies
CSPX.AS is traded in EUR, while FWD is traded in USD. To make them comparable, the FWD 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 11.52% return, which is significantly lower than FWD's 40.05% return.
CSPX.AS
- 1D
- -0.10%
- 1M
- 5.25%
- YTD
- 11.52%
- 6M
- 11.45%
- 1Y
- 25.69%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.96%
FWD
- 1D
- -1.31%
- 1M
- 11.54%
- YTD
- 40.05%
- 6M
- 37.64%
- 1Y
- 70.05%
- 3Y*
- 35.24%
- 5Y*
- —
- 10Y*
- —
CSPX.AS vs. FWD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CSPX.AS iShares Core S&P 500 UCITS ETF | 11.52% | 4.00% | 33.87% | 17.33% |
FWD AB Disruptors ETF | 40.05% | 16.34% | 37.76% | 23.65% |
Correlation
The correlation between CSPX.AS and FWD is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2023 | 0.57 |
The correlation between CSPX.AS and FWD has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
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Return for Risk
CSPX.AS vs. FWD — Risk / Return Rank
CSPX.AS
FWD
CSPX.AS vs. FWD - 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 AB Disruptors ETF (FWD). 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.AS | FWD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.48 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 6.15 | -2.58 |
| Martin ratioReturn relative to average drawdown | 12.76 | 20.46 | -7.70 |
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
| CSPX.AS | FWD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 2.98 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 1.52 | -0.59 |
Drawdowns
CSPX.AS vs. FWD - Drawdown Comparison
The maximum CSPX.AS drawdown since its inception was -33.65%, roughly equal to the maximum FWD drawdown of -32.61%. Use the drawdown chart below to compare losses from any high point for CSPX.AS and FWD.
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Drawdown Indicators
| CSPX.AS | FWD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -32.61% | -1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -11.45% | +4.34% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -32.61% | +9.24% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.65% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -1.31% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -4.77% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 3.43% | -1.43% |
Volatility
CSPX.AS vs. FWD - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF (CSPX.AS) is 2.59%, while AB Disruptors ETF (FWD) has a volatility of 7.21%. This indicates that CSPX.AS experiences smaller price fluctuations and is considered to be less risky than FWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSPX.AS | FWD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 7.21% | -4.62% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 17.84% | -10.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 23.66% | -12.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 24.85% | -9.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 24.85% | -8.80% |
CSPX.AS vs. FWD - Expense Ratio Comparison
CSPX.AS has a 0.07% expense ratio, which is lower than FWD's 0.65% expense ratio.
Dividends
CSPX.AS vs. FWD - Dividend Comparison
CSPX.AS has not paid dividends to shareholders, while FWD's dividend yield for the trailing twelve months is around 0.08%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CSPX.AS iShares Core S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% |
FWD AB Disruptors ETF | 0.08% | 0.11% | 1.89% |
Frequently Asked Questions
CSPX.AS and FWD have a correlation of 0.60, 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 0.65% for FWD.
CSPX.AS is categorized as S&P 500, while FWD is Global Equities. They also come from different issuers: iShares and AllianceBernstein. Their fees differ too: 0.07% for CSPX.AS and 0.65% for FWD.
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