CSPX.L vs. AVUV

Last updated Jun 16, 2026

CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - CSPX.L is a S&P 500 fund tracking the S&P 500 Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. CSPX.L is passively managed, while AVUV is actively managed. Over the past 5 years, CSPX.L returned 13.56%/yr vs 11.59%/yr for AVUV. At a 0.43 correlation, their price movements are largely independent. CSPX.L charges 0.07%/yr vs 0.25%/yr for AVUV.

Performance

CSPX.L vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSPX.L achieves a 10.20% return, which is significantly lower than AVUV's 21.54% return.

CSPX.L

• 1D: 1.66%
• 1M: 1.84%
• YTD: 10.20%
• 6M: 11.35%
• 1Y: 26.94%
• 3Y*: 20.87%
• 5Y*: 13.56%
• 10Y*: 15.44%

AVUV

• 1D: -0.96%
• 1M: 5.44%
• YTD: 21.54%
• 6M: 18.43%
• 1Y: 40.75%
• 3Y*: 19.22%
• 5Y*: 11.59%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CSPX.L vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc)	10.20%	17.45%	25.25%	26.74%	-18.72%	29.35%	17.62%	8.85%
AVUV Avantis US Small Cap Value ETF	21.54%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%

Correlation

The correlation between CSPX.L and AVUV is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.43

CSPX.L vs. AVUV - Sectors Allocation Comparison

Sectors	CSPX.L	AVUV
Technology	37.5%	7.4%
Financial Services	11.7%	26.1%
Communication Services	10.4%	3.1%
Consumer Cyclical	9.5%	18.7%
Healthcare	8.9%	4.8%
Industrials	8.0%	13.6%
Consumer Defensive	4.8%	4.7%
Energy	3.4%	15.8%
Utilities	2.2%	0.1%
Real Estate	1.9%	0.7%
Basic Materials	1.7%	5.1%

Return for Risk

CSPX.L vs. AVUV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CSPX.L

CSPX.L Risk / Return Rank: 77
CSPX.L Sharpe Ratio Rank: 78
CSPX.L Sortino Ratio Rank: 83
CSPX.L Omega Ratio Rank: 76
CSPX.L Calmar Ratio Rank: 72
CSPX.L Martin Ratio Rank: 79

AVUV

AVUV Risk / Return Rank: 83
AVUV Sharpe Ratio Rank: 82
AVUV Sortino Ratio Rank: 84
AVUV Omega Ratio Rank: 77
AVUV Calmar Ratio Rank: 91
AVUV Martin Ratio Rank: 84

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.L vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) and Avantis US Small Cap Value ETF (AVUV). 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.L	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.33	-0.12
Sortino ratio: Return per unit of downside risk	3.26	3.30	-0.04
Omega ratio: Gain probability vs. loss probability	1.40	1.40	0.00
Calmar ratio: Return relative to maximum drawdown	3.28	5.15	-1.87
Martin ratio: Return relative to average drawdown	13.68	15.34	-1.65

CSPX.L vs. AVUV - Sharpe Ratio Comparison

The current CSPX.L Sharpe Ratio is 2.21, which is comparable to the AVUV Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of CSPX.L and AVUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CSPX.L vs. AVUV - Drawdown Comparison

The maximum CSPX.L drawdown since its inception was -33.90%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for CSPX.L and AVUV.

Drawdown Indicators

	CSPX.L	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-33.90%	-49.42%	+15.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.17%	-7.95%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-18.50%	-28.79%	+10.29%
Max Drawdown (5Y) Largest decline over 5 years	-24.39%	-28.79%	+4.40%
Max Drawdown (10Y) Largest decline over 10 years	-33.90%	—	—
Current Drawdown Current decline from peak	-0.64%	-0.96%	+0.32%
Average Drawdown Average peak-to-trough decline	-3.72%	-7.91%	+4.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	2.66%	-0.70%

Volatility

CSPX.L vs. AVUV - Volatility Comparison

The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) is 4.15%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 4.66%. This indicates that CSPX.L experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSPX.L	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	4.66%	-0.51%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	11.37%	-2.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.15%	17.62%	-5.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.05%	22.75%	-6.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	28.25%	-12.02%

CSPX.L vs. AVUV - Expense Ratio Comparison

CSPX.L has a 0.07% expense ratio, which is lower than AVUV's 0.25% 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.L vs. AVUV - Dividend Comparison

CSPX.L has not paid dividends to shareholders, while AVUV's dividend yield for the trailing twelve months is around 1.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	1.62%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CSPX.L and AVUV in my portfolio?

CSPX.L and AVUV have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CSPX.L or AVUV?

On fees, CSPX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CSPX.L or AVUV?

CSPX.L is cheaper with a 0.07% expense ratio, compared with 0.25% for AVUV.

What is the main difference between CSPX.L and AVUV?

CSPX.L is categorized as S&P 500, while AVUV is Small Cap Value Equities. They also come from different issuers: BlackRock and Avantis. Their fees differ too: 0.07% for CSPX.L and 0.25% for AVUV.