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CSPX.L vs. GRID
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSPX.L vs. GRID

Last updated Jun 13, 2026

CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) and GRID (First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund) are both exchange-traded funds - CSPX.L is a S&P 500 fund tracking the S&P 500 Index, while GRID is a Alternative Energy Equities fund tracking the Nasdaq Clean Edge Smart Grid Infrastructure Index. Both are passively managed. Over the past 10 years, CSPX.L returned 15.24%/yr vs 19.76%/yr for GRID. A 0.50 correlation means they provide meaningful diversification when combined. CSPX.L charges 0.07%/yr vs 0.70%/yr for GRID.

Performance

CSPX.L vs. GRID - 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CSPX.L achieves a 8.40% return, which is significantly lower than GRID's 23.59% return. Over the past 10 years, CSPX.L has underperformed GRID with an annualized return of 15.24%, while GRID has yielded a comparatively higher 19.76% annualized return.

CSPX.L

1D
2.02%
1M
0.42%
YTD
8.40%
6M
9.68%
1Y
24.50%
3Y*
20.75%
5Y*
13.23%
10Y*
15.24%

GRID

1D
-0.18%
1M
-4.18%
YTD
23.59%
6M
24.02%
1Y
41.72%
3Y*
23.21%
5Y*
16.83%
10Y*
19.76%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSPX.L vs. GRID - 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%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		23.59%29.65%15.18%21.57%-13.89%27.65%48.84%42.80%-22.69%27.44%

Correlation

The correlation between CSPX.L and GRID is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.56

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

0.53

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

0.56

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

0.54

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

0.50

The correlation between CSPX.L and GRID has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.

CSPX.L vs. GRID - Sectors Allocation Comparison

Sectors
CSPX.L
GRID

Technology

38.2%
11.0%

Financial Services

11.1%

-

Communication Services

10.9%

-

Consumer Cyclical

10.0%
3.5%

Healthcare

8.3%

-

Industrials

7.9%
65.2%

Consumer Defensive

4.7%

-

Energy

3.2%

-

Utilities

2.2%
20.4%

Real Estate

1.9%

-

Basic Materials

1.7%
0.0%

Technology

CSPX.L
38.2%
GRID
11.0%

Financial Services

CSPX.L
11.1%
GRID

-

Communication Services

CSPX.L
10.9%
GRID

-

Consumer Cyclical

CSPX.L
10.0%
GRID
3.5%

Healthcare

CSPX.L
8.3%
GRID

-

Industrials

CSPX.L
7.9%
GRID
65.2%

Consumer Defensive

CSPX.L
4.7%
GRID

-

Energy

CSPX.L
3.2%
GRID

-

Utilities

CSPX.L
2.2%
GRID
20.4%

Real Estate

CSPX.L
1.9%
GRID

-

Basic Materials

CSPX.L
1.7%
GRID
0.0%

Compare stocks, funds, or ETFs

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

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

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 GRID:
GRID vs. ICLNGRID vs. NLRGRID vs. VOOGRID vs. POWRGRID vs. FIWGRID vs. VOLTGRID vs. QCLN

Return for Risk

CSPX.L vs. GRID — 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
GRID
GRID Risk / Return Rank: 7373
Overall Rank
GRID Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
GRID Sortino Ratio Rank: 6969
Sortino Ratio Rank
GRID Omega Ratio Rank: 6969
Omega Ratio Rank
GRID Calmar Ratio Rank: 7979
Calmar Ratio Rank
GRID Martin Ratio Rank: 7878
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. GRID - 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 First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID). 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.LGRIDDifference
Sharpe ratioReturn per unit of total volatility
2.03
2.02

0.00

Sortino ratioReturn per unit of downside risk
3.00
2.70

+0.30

Omega ratioGain probability vs. loss probability

1.36

1.35

+0.01

Calmar ratioReturn relative to maximum drawdown

2.98

3.57

-0.59

Martin ratioReturn relative to average drawdown

12.45

12.89

-0.44

CSPX.L vs. GRID - Sharpe Ratio Comparison

The current CSPX.L Sharpe Ratio is 2.03, which is comparable to the GRID Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of CSPX.L and GRID, 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. GRID - Drawdown Comparison

The maximum CSPX.L drawdown since its inception was -33.90%, smaller than the maximum GRID drawdown of -40.56%. Use the drawdown chart below to compare losses from any high point for CSPX.L and GRID.

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Drawdown Indicators

CSPX.LGRIDDifference

Max Drawdown

Largest peak-to-trough decline

-33.90%

-40.56%

+6.66%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-11.73%

+3.56%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

-20.77%

+2.27%

Max Drawdown (5Y)

Largest decline over 5 years

-24.39%

-29.64%

+5.25%

Max Drawdown (10Y)

Largest decline over 10 years

-33.90%

-40.56%

+6.66%

Current Drawdown

Current decline from peak

-2.27%

-5.40%

+3.13%

Average Drawdown

Average peak-to-trough decline

-3.72%

-8.42%

+4.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

3.25%

-1.29%

Volatility

CSPX.L vs. GRID - Volatility Comparison

The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) is 4.01%, while First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) has a volatility of 9.56%. This indicates that CSPX.L experiences smaller price fluctuations and is considered to be less risky than GRID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSPX.LGRIDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.01%

9.56%

-5.55%

Volatility (6M)

Calculated over the trailing 6-month period

9.03%

17.70%

-8.67%

Volatility (1Y)

Calculated over the trailing 1-year period

12.04%

20.73%

-8.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.03%

21.24%

-5.21%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.22%

22.90%

-6.68%

CSPX.L vs. GRID - Expense Ratio Comparison

CSPX.L has a 0.07% expense ratio, which is lower than GRID's 0.70% expense ratio.

Dividends

CSPX.L vs. GRID - Dividend Comparison

CSPX.L has not paid dividends to shareholders, while GRID's dividend yield for the trailing twelve months is around 0.80%.

PositionTTM20252024202320222021202020192018201720162015
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%
GRID
First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund		0.80%1.01%1.06%1.23%1.26%0.63%0.68%1.26%1.28%1.07%1.07%1.23%

Frequently Asked Questions

CSPX.L and GRID have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

CSPX.L is cheaper with a 0.07% expense ratio, compared with 0.70% for GRID.

CSPX.L is categorized as S&P 500, while GRID is Alternative Energy Equities. CSPX.L tracks S&P 500 Index, while GRID tracks Nasdaq Clean Edge Smart Grid Infrastructure Index. They also come from different issuers: BlackRock and First Trust. Their fees differ too: 0.07% for CSPX.L and 0.70% for GRID.

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