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

CSPX.AS vs. IAPD.AS

Last updated Jun 26, 2026

CSPX.AS (iShares Core S&P 500 UCITS ETF) and IAPD.AS (iShares Asia Pacific Dividend UCITS ETF) are both exchange-traded funds - CSPX.AS is a S&P 500 fund tracking the S&P 500 Index, while IAPD.AS is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 10 years, CSPX.AS returned 15.13%/yr vs 5.50%/yr for IAPD.AS. A 0.57 correlation means they provide meaningful diversification when combined. CSPX.AS charges 0.07%/yr vs 0.59%/yr for IAPD.AS.

Performance

CSPX.AS vs. IAPD.AS - 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 Asia Pacific Dividend UCITS ETF (IAPD.AS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CSPX.AS achieves a 10.95% return, which is significantly higher than IAPD.AS's 2.70% return. Over the past 10 years, CSPX.AS has outperformed IAPD.AS with an annualized return of 15.13%, while IAPD.AS has yielded a comparatively lower 5.50% annualized return.

CSPX.AS

1D
-0.89%
1M
0.23%
YTD
10.95%
6M
11.00%
1Y
24.84%
3Y*
18.95%
5Y*
13.91%
10Y*
15.13%

IAPD.AS

1D
0.00%
1M
2.66%
YTD
2.70%
6M
2.70%
1Y
20.28%
3Y*
13.71%
5Y*
8.30%
10Y*
5.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSPX.AS vs. IAPD.AS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSPX.AS
iShares Core S&P 500 UCITS ETF		10.95%4.00%33.87%22.28%-14.24%40.26%7.72%32.99%-0.36%7.13%
IAPD.AS
iShares Asia Pacific Dividend UCITS ETF		2.70%13.43%13.03%9.11%4.12%12.14%-17.28%16.04%-10.54%2.53%

Correlation

The correlation between CSPX.AS and IAPD.AS is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.24

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

0.41

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

0.45

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

0.58

Correlation (All Time)
Calculated using the full available price history since May 19, 2010

0.57

Over the past year, the correlation between CSPX.AS and IAPD.AS has dropped to 0.24 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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iShares Core S&P 500 UCITS ETF

iShares Asia Pacific Dividend UCITS 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 IAPD.AS:
IAPD.AS vs. IUSA.LIAPD.AS vs. VPLIAPD.AS vs. EXSH.DEIAPD.AS vs. SPYGIAPD.AS vs. SPYDIAPD.AS vs. CPXJ.ASIAPD.AS vs. HDEM.L

Return for Risk

CSPX.AS vs. IAPD.AS — 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: 7676
Overall Rank
CSPX.AS Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
CSPX.AS Sortino Ratio Rank: 7575
Sortino Ratio Rank
CSPX.AS Omega Ratio Rank: 7676
Omega Ratio Rank
CSPX.AS Calmar Ratio Rank: 7777
Calmar Ratio Rank
CSPX.AS Martin Ratio Rank: 7575
Martin Ratio Rank
IAPD.AS
IAPD.AS Risk / Return Rank: 9797
Overall Rank
IAPD.AS Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
IAPD.AS Sortino Ratio Rank: 9797
Sortino Ratio Rank
IAPD.AS Omega Ratio Rank: 9898
Omega Ratio Rank
IAPD.AS Calmar Ratio Rank: 9595
Calmar Ratio Rank
IAPD.AS Martin Ratio Rank: 9797
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. IAPD.AS - 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 Asia Pacific Dividend UCITS ETF (IAPD.AS). 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.ASIAPD.ASDifference
Sharpe ratioReturn per unit of total volatility
2.11
3.27

-1.16

Sortino ratioReturn per unit of downside risk
2.89
6.08

-3.19

Omega ratioGain probability vs. loss probability

1.39

2.36

-0.97

Calmar ratioReturn relative to maximum drawdown

3.45

6.84

-3.39

Martin ratioReturn relative to average drawdown

12.20

39.82

-27.63

CSPX.AS vs. IAPD.AS - Sharpe Ratio Comparison

The current CSPX.AS Sharpe Ratio is 2.11, which is lower than the IAPD.AS Sharpe Ratio of 3.27. The chart below compares the historical Sharpe Ratios of CSPX.AS and IAPD.AS, 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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Drawdowns

CSPX.AS vs. IAPD.AS - Drawdown Comparison

The maximum CSPX.AS drawdown since its inception was -33.65%, smaller than the maximum IAPD.AS drawdown of -75.90%. Use the drawdown chart below to compare losses from any high point for CSPX.AS and IAPD.AS.

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Drawdown Indicators

CSPX.ASIAPD.ASDifference

Max Drawdown

Largest peak-to-trough decline

-33.65%

-75.90%

+42.25%

Max Drawdown (1Y)

Largest decline over 1 year

-7.11%

-3.12%

-3.99%

Max Drawdown (3Y)

Largest decline over 3 years

-23.37%

-20.06%

-3.31%

Max Drawdown (5Y)

Largest decline over 5 years

-23.37%

-20.06%

-3.31%

Max Drawdown (10Y)

Largest decline over 10 years

-33.65%

-42.65%

+9.00%

Current Drawdown

Current decline from peak

-0.90%

0.00%

-0.90%

Average Drawdown

Average peak-to-trough decline

-3.73%

-25.02%

+21.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

0.54%

+1.48%

Volatility

CSPX.AS vs. IAPD.AS - Volatility Comparison

iShares Core S&P 500 UCITS ETF (CSPX.AS) has a higher volatility of 3.39% compared to iShares Asia Pacific Dividend UCITS ETF (IAPD.AS) at 2.62%. This indicates that CSPX.AS's price experiences larger fluctuations and is considered to be riskier than IAPD.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSPX.ASIAPD.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.39%

2.62%

+0.77%

Volatility (6M)

Calculated over the trailing 6-month period

7.86%

2.62%

+5.24%

Volatility (1Y)

Calculated over the trailing 1-year period

11.60%

6.61%

+4.99%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.19%

12.10%

+3.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.08%

15.37%

+0.71%

CSPX.AS vs. IAPD.AS - Expense Ratio Comparison

CSPX.AS has a 0.07% expense ratio, which is lower than IAPD.AS's 0.59% expense ratio.

Dividends

CSPX.AS vs. IAPD.AS - Dividend Comparison

CSPX.AS has not paid dividends to shareholders, while IAPD.AS's dividend yield for the trailing twelve months is around 4.75%.

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%
IAPD.AS
iShares Asia Pacific Dividend UCITS ETF		4.75%4.31%5.20%5.83%7.01%5.42%3.68%5.52%5.93%4.78%4.40%5.39%

Frequently Asked Questions

CSPX.AS and IAPD.AS have a correlation of 0.24, 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 0.59% for IAPD.AS.

CSPX.AS is categorized as S&P 500, while IAPD.AS is Asia Pacific Equities. CSPX.AS tracks S&P 500 Index, while IAPD.AS tracks MSCI AC Asia Pacific NR USD. Their fees differ too: 0.07% for CSPX.AS and 0.59% for IAPD.AS.

Portfolio Optimizer

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