PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
CSPX.L vs. MEUD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSPX.L vs. MEUD.L

Last updated Jun 13, 2026

CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) and MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) are both exchange-traded funds - CSPX.L is a S&P 500 fund tracking the S&P 500 Index, while MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, CSPX.L returned 15.24%/yr vs 10.43%/yr for MEUD.L. A 0.70 correlation means they provide meaningful diversification when combined. CSPX.L charges 0.07%/yr vs 0.15%/yr for MEUD.L.

Performance

CSPX.L vs. MEUD.L - 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 Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

CSPX.L is traded in USD, while MEUD.L is traded in GBp. To make them comparable, the MEUD.L 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 higher than MEUD.L's 7.32% return. Over the past 10 years, CSPX.L has outperformed MEUD.L with an annualized return of 15.24%, while MEUD.L has yielded a comparatively lower 10.43% 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%

MEUD.L

1D
1.59%
1M
2.70%
YTD
7.32%
6M
9.74%
1Y
17.86%
3Y*
16.80%
5Y*
8.78%
10Y*
10.43%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSPX.L vs. MEUD.L - 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%
MEUD.L
Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc		7.32%36.05%1.93%19.47%-15.19%16.00%7.03%25.23%-14.71%26.41%

Correlation

The correlation between CSPX.L and MEUD.L is 0.68, 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

0.68

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

0.63

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

0.69

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

0.69

Correlation (All Time)
Calculated using the full available price history since Apr 3, 2013

0.70

The correlation between CSPX.L and MEUD.L has been stable across timeframes, ranging from 0.63 to 0.70 - a consistent structural relationship.

CSPX.L vs. MEUD.L - Sectors Allocation Comparison

Sectors
CSPX.L
MEUD.L

Technology

38.2%
9.4%

Financial Services

11.1%
23.9%

Communication Services

10.9%
3.0%

Consumer Cyclical

10.0%
7.1%

Healthcare

8.3%
12.6%

Industrials

7.9%
20.3%

Consumer Defensive

4.7%
7.7%

Energy

3.2%
5.3%

Utilities

2.2%
4.4%

Real Estate

1.9%
1.2%

Basic Materials

1.7%
5.1%

Technology

CSPX.L
38.2%
MEUD.L
9.4%

Financial Services

CSPX.L
11.1%
MEUD.L
23.9%

Communication Services

CSPX.L
10.9%
MEUD.L
3.0%

Consumer Cyclical

CSPX.L
10.0%
MEUD.L
7.1%

Healthcare

CSPX.L
8.3%
MEUD.L
12.6%

Industrials

CSPX.L
7.9%
MEUD.L
20.3%

Consumer Defensive

CSPX.L
4.7%
MEUD.L
7.7%

Energy

CSPX.L
3.2%
MEUD.L
5.3%

Utilities

CSPX.L
2.2%
MEUD.L
4.4%

Real Estate

CSPX.L
1.9%
MEUD.L
1.2%

Basic Materials

CSPX.L
1.7%
MEUD.L
5.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

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

Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc

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 MEUD.L:
MEUD.L vs. SMEA.LMEUD.L vs. XSX6.LMEUD.L vs. VEUA.LMEUD.L vs. SPYMEUD.L vs. HMEU.LMEUD.L vs. VUAA.LMEUD.L vs. CS51.L

Return for Risk

CSPX.L vs. MEUD.L — 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
MEUD.L
MEUD.L Risk / Return Rank: 5050
Overall Rank
MEUD.L Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
MEUD.L Sortino Ratio Rank: 5353
Sortino Ratio Rank
MEUD.L Omega Ratio Rank: 5656
Omega Ratio Rank
MEUD.L Calmar Ratio Rank: 4343
Calmar Ratio Rank
MEUD.L Martin Ratio Rank: 4646
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. MEUD.L - 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 Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.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.

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.LMEUD.LDifference
Sharpe ratioReturn per unit of total volatility
2.03
1.21

+0.81

Sortino ratioReturn per unit of downside risk
3.00
1.79

+1.20

Omega ratioGain probability vs. loss probability

1.36

1.22

+0.14

Calmar ratioReturn relative to maximum drawdown

2.98

1.54

+1.44

Martin ratioReturn relative to average drawdown

12.45

5.48

+6.97

CSPX.L vs. MEUD.L - Sharpe Ratio Comparison

The current CSPX.L Sharpe Ratio is 2.03, which is higher than the MEUD.L Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of CSPX.L and MEUD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

CSPX.L vs. MEUD.L - Drawdown Comparison

The maximum CSPX.L drawdown since its inception was -33.90%, smaller than the maximum MEUD.L drawdown of -36.31%. Use the drawdown chart below to compare losses from any high point for CSPX.L and MEUD.L.

Loading charts...

Drawdown Indicators

CSPX.LMEUD.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.90%

-36.31%

+2.41%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-11.53%

+3.36%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

-14.53%

-3.97%

Max Drawdown (5Y)

Largest decline over 5 years

-24.39%

-32.40%

+8.01%

Max Drawdown (10Y)

Largest decline over 10 years

-33.90%

-36.31%

+2.41%

Current Drawdown

Current decline from peak

-2.27%

-0.83%

-1.44%

Average Drawdown

Average peak-to-trough decline

-3.72%

-9.38%

+5.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

3.25%

-1.29%

Volatility

CSPX.L vs. MEUD.L - Volatility Comparison

iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) and Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) have volatilities of 4.01% and 4.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CSPX.LMEUD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.01%

4.22%

-0.21%

Volatility (6M)

Calculated over the trailing 6-month period

9.03%

12.16%

-3.13%

Volatility (1Y)

Calculated over the trailing 1-year period

12.04%

14.68%

-2.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.03%

19.17%

-3.14%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.22%

19.34%

-3.12%

CSPX.L vs. MEUD.L - Expense Ratio Comparison

CSPX.L has a 0.07% expense ratio, which is lower than MEUD.L's 0.15% 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. MEUD.L - Dividend Comparison

Neither CSPX.L nor MEUD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

CSPX.L and MEUD.L have a correlation of 0.68, 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 0.15% for MEUD.L.

CSPX.L is categorized as S&P 500, while MEUD.L is Europe Equities. CSPX.L tracks S&P 500 Index, while MEUD.L tracks MSCI Europe NR EUR. They also come from different issuers: BlackRock and Amundi. Their fees differ too: 0.07% for CSPX.L and 0.15% for MEUD.L.

Portfolio Optimizer

Find the right allocation for CSPX.L and MEUD.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer