PortfoliosLab logoPortfoliosLab logo

Documentation

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

CSPX.L vs. MVED.L

Last updated Jun 5, 2026

CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) and MVED.L (iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)) are both exchange-traded funds - CSPX.L is a S&P 500 fund tracking the S&P 500 Index, while MVED.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, CSPX.L returned 13.72%/yr vs 5.07%/yr for MVED.L. A 0.60 correlation means they provide meaningful diversification when combined. CSPX.L charges 0.07%/yr vs 0.25%/yr for MVED.L.

Performance

CSPX.L vs. MVED.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

CSPX.L is traded in USD, while MVED.L is traded in EUR. To make them comparable, the MVED.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 10.32% return, which is significantly higher than MVED.L's 3.46% return.

CSPX.L

1D
0.01%
1M
4.51%
YTD
10.32%
6M
11.15%
1Y
27.85%
3Y*
22.17%
5Y*
13.72%
10Y*
15.22%

MVED.L

1D
0.45%
1M
-0.11%
YTD
3.46%
6M
5.50%
1Y
4.25%
3Y*
11.07%
5Y*
5.07%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSPX.L vs. MVED.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
CSPX.L
iShares Core S&P 500 UCITS ETF USD (Acc)		10.32%17.45%25.25%26.74%-18.72%29.35%17.62%30.55%-7.27%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		3.46%23.39%2.15%14.22%-17.85%13.23%4.65%20.28%-7.23%

Correlation

The correlation between CSPX.L and MVED.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.38

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

0.40

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

0.54

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2018

0.60

Over the past year, the correlation between CSPX.L and MVED.L has dropped to 0.38 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

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

Sectors
CSPX.L
MVED.L

Technology

38.2%
2.8%

Financial Services

11.1%
17.8%

Communication Services

10.9%
9.5%

Consumer Cyclical

10.0%
3.7%

Healthcare

8.3%
13.1%

Industrials

7.9%
15.7%

Consumer Defensive

4.7%
13.2%

Energy

3.2%
6.9%

Utilities

2.2%
10.1%

Real Estate

1.9%
1.6%

Basic Materials

1.7%
5.7%

Technology

CSPX.L
38.2%
MVED.L
2.8%

Financial Services

CSPX.L
11.1%
MVED.L
17.8%

Communication Services

CSPX.L
10.9%
MVED.L
9.5%

Consumer Cyclical

CSPX.L
10.0%
MVED.L
3.7%

Healthcare

CSPX.L
8.3%
MVED.L
13.1%

Industrials

CSPX.L
7.9%
MVED.L
15.7%

Consumer Defensive

CSPX.L
4.7%
MVED.L
13.2%

Energy

CSPX.L
3.2%
MVED.L
6.9%

Utilities

CSPX.L
2.2%
MVED.L
10.1%

Real Estate

CSPX.L
1.9%
MVED.L
1.6%

Basic Materials

CSPX.L
1.7%
MVED.L
5.7%

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)

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)

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 MVED.L:
MVED.L vs. MIVO.LMVED.L vs. PRUK.LMVED.L vs. OPEN.LMVED.L vs. WDEP.LMVED.L vs. EDIV.LMVED.L vs. FKU.LMVED.L vs. CES1.L

Return for Risk

CSPX.L vs. MVED.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: 7272
Sharpe Ratio Rank
CSPX.L Sortino Ratio Rank: 7777
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: 7777
Martin Ratio Rank
MVED.L
MVED.L Risk / Return Rank: 1313
Overall Rank
MVED.L Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
MVED.L Sortino Ratio Rank: 1212
Sortino Ratio Rank
MVED.L Omega Ratio Rank: 1313
Omega Ratio Rank
MVED.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
MVED.L Martin Ratio Rank: 1313
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. MVED.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.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.

CSPX.LMVED.LDifference
Sharpe ratioReturn per unit of total volatility
2.32
0.39

+1.93

Sortino ratioReturn per unit of downside risk
3.41
0.59

+2.82

Omega ratioGain probability vs. loss probability

1.42

1.08

+0.35

Calmar ratioReturn relative to maximum drawdown

3.35

0.48

+2.87

Martin ratioReturn relative to average drawdown

14.51

1.26

+13.25

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current CSPX.L Sharpe Ratio is 2.32, which is higher than the MVED.L Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of CSPX.L and MVED.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...

Sharpe Ratios by Period

CSPX.LMVED.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

0.39

+1.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

0.35

+0.50

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.94

0.40

+0.54

Drawdowns

CSPX.L vs. MVED.L - Drawdown Comparison

The maximum CSPX.L drawdown since its inception was -33.90%, which is greater than MVED.L's maximum drawdown of -31.92%. Use the drawdown chart below to compare losses from any high point for CSPX.L and MVED.L.

Loading charts...

Drawdown Indicators

CSPX.LMVED.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.90%

-31.92%

-1.98%

Max Drawdown (1Y)

Largest decline over 1 year

-8.17%

-8.83%

+0.66%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

-11.75%

-6.75%

Max Drawdown (5Y)

Largest decline over 5 years

-24.39%

-31.92%

+7.53%

Max Drawdown (10Y)

Largest decline over 10 years

-33.90%

—

—

Current Drawdown

Current decline from peak

-0.53%

-5.77%

+5.24%

Average Drawdown

Average peak-to-trough decline

-3.72%

-6.67%

+2.95%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.90%

3.37%

-1.47%

Volatility

CSPX.L vs. MVED.L - Volatility Comparison

The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) is 3.13%, while iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) has a volatility of 3.40%. This indicates that CSPX.L experiences smaller price fluctuations and is considered to be less risky than MVED.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

CSPX.LMVED.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

3.40%

-0.27%

Volatility (6M)

Calculated over the trailing 6-month period

8.70%

8.62%

+0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

11.80%

10.84%

+0.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.97%

14.29%

+1.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.19%

14.94%

+1.25%

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

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

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

PositionTTM20252024202320222021202020192018
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%
MVED.L
iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)		0.00%0.00%0.00%2.67%2.95%2.16%2.54%2.81%2.50%

Frequently Asked Questions

CSPX.L and MVED.L have a correlation of 0.38, 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 0.25% for MVED.L.

CSPX.L is categorized as S&P 500, while MVED.L is Europe Equities. CSPX.L tracks S&P 500 Index, while MVED.L tracks MSCI Europe NR EUR. Their fees differ too: 0.07% for CSPX.L and 0.25% for MVED.L.

Portfolio Optimizer

Find the right allocation for CSPX.L and MVED.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