CSPX.AS vs. XLKS.L
CSPX.AS (iShares Core S&P 500 UCITS ETF) and XLKS.L (Invesco Technology S&P US Select Sector UCITS ETF Acc) are both exchange-traded funds - CSPX.AS is a S&P 500 fund tracking the S&P 500 Index, while XLKS.L is a Technology Equities fund tracking the S&P® Select Sector Capped 20% Technology Index. Both are passively managed. Over the past 10 years, CSPX.AS returned 14.96%/yr vs 26.00%/yr for XLKS.L. Their correlation of 0.83 suggests significant overlap in exposure. CSPX.AS charges 0.07%/yr vs 0.14%/yr for XLKS.L.
Performance
CSPX.AS vs. XLKS.L - Performance Comparison
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Different Trading Currencies
CSPX.AS is traded in EUR, while XLKS.L is traded in USD. To make them comparable, the XLKS.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 11.52% return, which is significantly lower than XLKS.L's 24.94% return. Over the past 10 years, CSPX.AS has underperformed XLKS.L with an annualized return of 14.96%, while XLKS.L has yielded a comparatively higher 26.00% annualized 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%
XLKS.L
- 1D
- -2.45%
- 1M
- 14.00%
- YTD
- 24.94%
- 6M
- 23.41%
- 1Y
- 50.36%
- 3Y*
- 33.06%
- 5Y*
- 26.42%
- 10Y*
- 26.00%
CSPX.AS vs. XLKS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSPX.AS iShares Core S&P 500 UCITS ETF | 11.52% | 4.00% | 33.87% | 22.28% | -14.24% | 40.26% | 7.72% | 32.99% | -0.36% | 7.13% |
XLKS.L Invesco Technology S&P US Select Sector UCITS ETF Acc | 24.94% | 9.49% | 51.08% | 55.82% | -24.73% | 44.80% | 31.01% | 52.19% | 2.07% | 16.89% |
Correlation
The correlation between CSPX.AS and XLKS.L is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 6, 2014 | 0.83 |
The correlation between CSPX.AS and XLKS.L has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
CSPX.AS vs. XLKS.L — Risk / Return Rank
CSPX.AS
XLKS.L
CSPX.AS vs. XLKS.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 Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.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.
| CSPX.AS | XLKS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.57 | 3.12 | +0.45 |
| Martin ratioReturn relative to average drawdown | 12.76 | 8.26 | +4.50 |
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 | XLKS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.25 | 2.42 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 1.12 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 1.16 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 1.09 | -0.16 |
Drawdowns
CSPX.AS vs. XLKS.L - Drawdown Comparison
The maximum CSPX.AS drawdown since its inception was -33.65%, which is greater than XLKS.L's maximum drawdown of -31.42%. Use the drawdown chart below to compare losses from any high point for CSPX.AS and XLKS.L.
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Drawdown Indicators
| CSPX.AS | XLKS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.65% | -31.42% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -16.07% | +8.96% |
Max Drawdown (3Y)Largest decline over 3 years | -23.37% | -30.47% | +7.10% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -30.47% | +7.10% |
Max Drawdown (10Y)Largest decline over 10 years | -33.65% | -31.42% | -2.23% |
Current DrawdownCurrent decline from peak | -0.40% | -3.01% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -4.28% | -5.37% | +1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 6.08% | -4.08% |
Volatility
CSPX.AS vs. XLKS.L - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF (CSPX.AS) is 2.59%, while Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) has a volatility of 7.32%. This indicates that CSPX.AS experiences smaller price fluctuations and is considered to be less risky than XLKS.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 | XLKS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 7.32% | -4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.37% | 15.51% | -8.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.26% | 20.68% | -9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.13% | 23.59% | -8.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 22.29% | -6.24% |
CSPX.AS vs. XLKS.L - Expense Ratio Comparison
CSPX.AS has a 0.07% expense ratio, which is lower than XLKS.L's 0.14% 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. XLKS.L - Dividend Comparison
Neither CSPX.AS nor XLKS.L has paid dividends to shareholders.
Frequently Asked Questions
CSPX.AS and XLKS.L have a correlation of 0.83, 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 0.14% for XLKS.L.
CSPX.AS is categorized as S&P 500, while XLKS.L is Technology Equities. CSPX.AS tracks S&P 500 Index, while XLKS.L tracks S&P® Select Sector Capped 20% Technology Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for CSPX.AS and 0.14% for XLKS.L.
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