CSPX.AS vs. IUQA.L
CSPX.AS (iShares Core S&P 500 UCITS ETF) and IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) are both exchange-traded funds - CSPX.AS is a S&P 500 fund tracking the S&P 500 Index, while IUQA.L is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. Both are passively managed. Over the past 5 years, CSPX.AS returned 14.49%/yr vs 12.82%/yr for IUQA.L. Their correlation of 0.86 suggests significant overlap in exposure. CSPX.AS charges 0.07%/yr vs 0.20%/yr for IUQA.L.
Performance
CSPX.AS vs. IUQA.L - Performance Comparison
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Different Trading Currencies
CSPX.AS is traded in EUR, while IUQA.L is traded in USD. To make them comparable, the IUQA.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 IUQA.L's 10.91% 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%
IUQA.L
- 1D
- -0.10%
- 1M
- 1.89%
- YTD
- 10.91%
- 6M
- 11.14%
- 1Y
- 24.19%
- 3Y*
- 16.74%
- 5Y*
- 12.82%
- 10Y*
- —
CSPX.AS vs. IUQA.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% |
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 10.91% | -0.89% | 30.56% | 27.03% | -15.83% | 37.10% | 6.52% | 36.34% | -2.54% | 31.77% |
Correlation
The correlation between CSPX.AS and IUQA.L is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2016 | 0.86 |
The correlation between CSPX.AS and IUQA.L has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
CSPX.AS vs. IUQA.L — Risk / Return Rank
CSPX.AS
IUQA.L
CSPX.AS vs. IUQA.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 Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.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 | IUQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.38 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.85 | 3.53 | +0.32 |
| Martin ratioReturn relative to average drawdown | 13.62 | 12.81 | +0.81 |
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Drawdowns
CSPX.AS vs. IUQA.L - Drawdown Comparison
The maximum CSPX.AS drawdown since its inception was -33.65%, roughly equal to the maximum IUQA.L drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for CSPX.AS and IUQA.L.
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Drawdown Indicators
| CSPX.AS | IUQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -33.38% | -0.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -6.91% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -22.01% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -22.01% | -1.36% |
Max Drawdown (10Y)Largest decline over 10 years | -33.65% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.68% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -5.62% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 1.91% | +0.11% |
Volatility
CSPX.AS vs. IUQA.L - Volatility Comparison
iShares Core S&P 500 UCITS ETF (CSPX.AS) and iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) have volatilities of 3.25% and 3.36%, 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 | IUQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 3.36% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.80% | 8.59% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.57% | 12.00% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 16.24% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 31.23% | -15.16% |
CSPX.AS vs. IUQA.L - Expense Ratio Comparison
CSPX.AS has a 0.07% expense ratio, which is lower than IUQA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CSPX.AS vs. IUQA.L - Dividend Comparison
Neither CSPX.AS nor IUQA.L has paid dividends to shareholders.
Frequently Asked Questions
CSPX.AS and IUQA.L have a correlation of 0.84, 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 0.20% for IUQA.L.
CSPX.AS is categorized as S&P 500, while IUQA.L is Large Cap Blend Equities. CSPX.AS tracks S&P 500 Index, while IUQA.L tracks MSCI USA Sector Neutral Quality Index. Their fees differ too: 0.07% for CSPX.AS and 0.20% for IUQA.L.
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