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CSPX.L vs. BNP.PA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSPX.L vs. BNP.PA

Last updated Jun 14, 2026

CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) is S&P 500 fund tracking the S&P 500 Index, while BNP.PA (BNP Paribas SA) is a stock. Over the past 10 years, CSPX.L returned 15.24%/yr vs 15.11%/yr for BNP.PA. At a 0.47 correlation, their price movements are largely independent.

Performance

CSPX.L vs. BNP.PA - 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 BNP Paribas SA (BNP.PA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CSPX.L is traded in USD, while BNP.PA is traded in EUR. To make them comparable, the BNP.PA values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CSPX.L achieves a 8.40% return, which is significantly lower than BNP.PA's 21.35% return. Both investments have delivered pretty close results over the past 10 years, with CSPX.L having a 15.24% annualized return and BNP.PA not far behind at 15.11%.

CSPX.L

1D
2.02%
1M
-0.83%
YTD
8.40%
6M
9.68%
1Y
24.86%
3Y*
20.75%
5Y*
13.23%
10Y*
15.24%

BNP.PA

1D
5.05%
1M
7.22%
YTD
21.35%
6M
25.61%
1Y
36.95%
3Y*
30.28%
5Y*
18.55%
10Y*
15.11%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSPX.L vs. BNP.PA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSPX.L
iShares Core S&P 500 UCITS ETF USD (Acc)		8.40%17.45%25.25%26.74%-18.72%29.35%17.62%30.55%-5.46%21.60%
BNP.PA
BNP Paribas SA		21.35%70.31%-5.26%29.71%-11.60%37.79%-11.18%40.85%-36.18%22.32%

Correlation

The correlation between CSPX.L and BNP.PA is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.46

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

0.39

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

0.46

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

0.46

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2010

0.47

Compare stocks, funds, or ETFs

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iShares Core S&P 500 UCITS ETF USD (Acc)

BNP Paribas SA

Often compared with CSPX.L:
CSPX.L vs. VOOCSPX.L vs. VUAA.LCSPX.L vs. SPYCSPX.L vs. CSPX.ASCSPX.L vs. CSP1.LCSPX.L vs. VWRL.ASCSPX.L vs. IVV
Often compared with BNP.PA:
BNP.PA vs. GLE.PABNP.PA vs. JPMBNP.PA vs. VOOBNP.PA vs. AMUN.PABNP.PA vs. CS.PABNP.PA vs. SPYBNP.PA vs. CRARY

Return for Risk

CSPX.L vs. BNP.PA — 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: 7373
Overall Rank
CSPX.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
CSPX.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
CSPX.L Omega Ratio Rank: 7272
Omega Ratio Rank
CSPX.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
CSPX.L Martin Ratio Rank: 7676
Martin Ratio Rank
BNP.PA
BNP.PA Risk / Return Rank: 7474
Overall Rank
BNP.PA Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
BNP.PA Sortino Ratio Rank: 7272
Sortino Ratio Rank
BNP.PA Omega Ratio Rank: 7272
Omega Ratio Rank
BNP.PA Calmar Ratio Rank: 7474
Calmar Ratio Rank
BNP.PA Martin Ratio Rank: 7575
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.L vs. BNP.PA - 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 BNP Paribas SA (BNP.PA). 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.LBNP.PADifference
Sharpe ratioReturn per unit of total volatility
2.03
1.13

+0.89

Sortino ratioReturn per unit of downside risk
3.00
1.67

+1.32

Omega ratioGain probability vs. loss probability

1.36

1.22

+0.15

Calmar ratioReturn relative to maximum drawdown

2.98

1.67

+1.31

Martin ratioReturn relative to average drawdown

12.45

4.16

+8.29

CSPX.L vs. BNP.PA - Sharpe Ratio Comparison

The current CSPX.L Sharpe Ratio is 2.03, which is higher than the BNP.PA Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of CSPX.L and BNP.PA, 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.L vs. BNP.PA - Drawdown Comparison

The maximum CSPX.L drawdown since its inception was -33.90%, smaller than the maximum BNP.PA drawdown of -76.48%. Use the drawdown chart below to compare losses from any high point for CSPX.L and BNP.PA.

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Drawdown Indicators

CSPX.LBNP.PADifference

Max Drawdown

Largest peak-to-trough decline

-33.90%

-76.48%

+42.58%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-20.36%

+12.19%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

-21.05%

+2.55%

Max Drawdown (5Y)

Largest decline over 5 years

-24.39%

-42.50%

+18.11%

Max Drawdown (10Y)

Largest decline over 10 years

-33.90%

-64.31%

+30.41%

Current Drawdown

Current decline from peak

-2.27%

0.00%

-2.27%

Average Drawdown

Average peak-to-trough decline

-3.72%

-26.76%

+23.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

8.21%

-6.25%

Volatility

CSPX.L vs. BNP.PA - Volatility Comparison

The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) is 4.01%, while BNP Paribas SA (BNP.PA) has a volatility of 8.45%. This indicates that CSPX.L experiences smaller price fluctuations and is considered to be less risky than BNP.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSPX.LBNP.PADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.01%

8.45%

-4.44%

Volatility (6M)

Calculated over the trailing 6-month period

9.03%

22.62%

-13.59%

Volatility (1Y)

Calculated over the trailing 1-year period

12.04%

29.98%

-17.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.03%

31.07%

-15.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.22%

32.92%

-16.70%

Dividends

CSPX.L vs. BNP.PA - Dividend Comparison

CSPX.L has not paid dividends to shareholders, while BNP.PA's dividend yield for the trailing twelve months is around 5.34%.

PositionTTM20252024202320222021202020192018201720162015
BNP.PA
BNP Paribas SA		5.34%9.13%7.77%6.23%6.89%4.38%0.00%5.72%7.65%4.34%3.82%2.87%
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%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CSPX.L and BNP.PA have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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