CSPX.AS vs. IEMB.L
CSPX.AS (iShares Core S&P 500 UCITS ETF) and IEMB.L (iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist)) are both exchange-traded funds - CSPX.AS is a S&P 500 fund tracking the S&P 500 Index, while IEMB.L is a Emerging Markets Bonds fund managed by iShares. Over the past 10 years, CSPX.AS returned 15.01%/yr vs 3.15%/yr for IEMB.L. At a 0.42 correlation, their price movements are largely independent. CSPX.AS charges 0.07%/yr vs 0.45%/yr for IEMB.L.
Performance
CSPX.AS vs. IEMB.L - Performance Comparison
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Different Trading Currencies
CSPX.AS is traded in EUR, while IEMB.L is traded in USD. To make them comparable, the IEMB.L 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 11.94% return, which is significantly higher than IEMB.L's 4.62% return. Over the past 10 years, CSPX.AS has outperformed IEMB.L with an annualized return of 15.01%, while IEMB.L has yielded a comparatively lower 3.15% annualized return.
CSPX.AS
- 1D
- 0.26%
- 1M
- 1.26%
- YTD
- 11.94%
- 6M
- 12.66%
- 1Y
- 27.18%
- 3Y*
- 18.94%
- 5Y*
- 14.49%
- 10Y*
- 15.01%
IEMB.L
- 1D
- -0.11%
- 1M
- 3.29%
- YTD
- 4.62%
- 6M
- 4.66%
- 1Y
- 11.96%
- 3Y*
- 7.80%
- 5Y*
- 2.63%
- 10Y*
- 3.15%
CSPX.AS vs. IEMB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSPX.AS iShares Core S&P 500 UCITS ETF | 11.94% | 4.00% | 33.87% | 22.28% | -14.24% | 40.26% | 7.72% | 32.99% | -0.36% | 7.13% |
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 4.62% | 0.21% | 12.68% | 7.22% | -13.29% | 5.03% | -3.13% | 18.68% | -1.09% | -3.75% |
Correlation
The correlation between CSPX.AS and IEMB.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.42 |
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Return for Risk
CSPX.AS vs. IEMB.L — Risk / Return Rank
CSPX.AS
IEMB.L
CSPX.AS vs. IEMB.L - 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 J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.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.
| CSPX.AS | IEMB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.31 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.70 | +0.15 |
| Martin ratioReturn relative to average drawdown | 13.62 | 11.91 | +1.71 |
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Drawdowns
CSPX.AS vs. IEMB.L - Drawdown Comparison
The maximum CSPX.AS drawdown since its inception was -33.65%, which is greater than IEMB.L's maximum drawdown of -25.34%. Use the drawdown chart below to compare losses from any high point for CSPX.AS and IEMB.L.
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Drawdown Indicators
| CSPX.AS | IEMB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -25.34% | -8.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -3.26% | -3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -13.21% | -10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -16.33% | -7.04% |
Max Drawdown (10Y)Largest decline over 10 years | -33.65% | -25.34% | -8.31% |
Current DrawdownCurrent decline from peak | -0.02% | -0.11% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -6.48% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.01% | +1.01% |
Volatility
CSPX.AS vs. IEMB.L - Volatility Comparison
iShares Core S&P 500 UCITS ETF (CSPX.AS) has a higher volatility of 3.25% compared to iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) (IEMB.L) at 1.61%. This indicates that CSPX.AS's price experiences larger fluctuations and is considered to be riskier than IEMB.L 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 | IEMB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 1.61% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.80% | 5.58% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.57% | 7.13% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 9.27% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 10.14% | +5.93% |
CSPX.AS vs. IEMB.L - Expense Ratio Comparison
CSPX.AS has a 0.07% expense ratio, which is lower than IEMB.L's 0.45% expense ratio.
Dividends
CSPX.AS vs. IEMB.L - Dividend Comparison
CSPX.AS has not paid dividends to shareholders, while IEMB.L's dividend yield for the trailing twelve months is around 5.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IEMB.L iShares J.P. Morgan USD EM Bond UCITS ETF USD (Dist) | 5.74% | 5.85% | 5.80% | 5.65% | 5.55% | 3.95% | 3.86% | 4.73% | 4.82% | 4.79% | 5.57% | 4.78% |
Frequently Asked Questions
CSPX.AS and IEMB.L have a correlation of 0.49, 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 0.45% for IEMB.L.
CSPX.AS is categorized as S&P 500, while IEMB.L is Emerging Markets Bonds. Their fees differ too: 0.07% for CSPX.AS and 0.45% for IEMB.L.
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