CSPX.L vs. IWDA.AS
Compare and contrast key facts about iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS).
CSPX.L and IWDA.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSPX.L is a passively managed fund by Blackrock Financial Management that tracks the performance of the S&P 500 Index. It was launched on May 18, 2010. IWDA.AS is a passively managed fund by iShares that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 25, 2009. Both CSPX.L and IWDA.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSPX.L or IWDA.AS.
Key characteristics
| CSPX.L | IWDA.AS | |
|---|---|---|
| YTD Return | 5.33% | 9.41% |
| 1Y Return | 24.30% | 24.67% |
| 3Y Return (Ann) | 7.66% | 9.98% |
| 5Y Return (Ann) | 12.88% | 11.52% |
| 10Y Return (Ann) | 12.00% | 11.71% |
| Sharpe Ratio | 2.07 | 2.44 |
| Daily Std Dev | 11.44% | 9.81% |
| Max Drawdown | -33.90% | -33.63% |
| Current Drawdown | -4.37% | -2.04% |
Correlation
The correlation between CSPX.L and IWDA.AS is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CSPX.L vs. IWDA.AS - Performance Comparison
In the year-to-date period, CSPX.L achieves a 5.33% return, which is significantly lower than IWDA.AS's 9.41% return. Both investments have delivered pretty close results over the past 10 years, with CSPX.L having a 12.00% annualized return and IWDA.AS not far behind at 11.71%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CSPX.L vs. IWDA.AS - Expense Ratio Comparison
CSPX.L has a 0.07% expense ratio, which is lower than IWDA.AS'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%.
Risk-Adjusted Performance
CSPX.L vs. IWDA.AS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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.
Dividends
CSPX.L vs. IWDA.AS - Dividend Comparison
Neither CSPX.L nor IWDA.AS has paid dividends to shareholders.
Drawdowns
CSPX.L vs. IWDA.AS - Drawdown Comparison
The maximum CSPX.L drawdown since its inception was -33.90%, roughly equal to the maximum IWDA.AS drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for CSPX.L and IWDA.AS. For additional features, visit the drawdowns tool.
Volatility
CSPX.L vs. IWDA.AS - Volatility Comparison
iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) has a higher volatility of 3.86% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 3.43%. This indicates that CSPX.L's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.