CSPX.L vs. SPY
Compare and contrast key facts about iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) and SPDR S&P 500 ETF (SPY).
CSPX.L and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both CSPX.L and SPY 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 SPY.
Key characteristics
| CSPX.L | SPY | |
|---|---|---|
| YTD Return | 4.42% | 5.46% |
| 1Y Return | 22.17% | 22.99% |
| 3Y Return (Ann) | 7.45% | 7.85% |
| 5Y Return (Ann) | 12.70% | 13.16% |
| 10Y Return (Ann) | 12.01% | 12.40% |
| Sharpe Ratio | 1.98 | 1.97 |
| Daily Std Dev | 11.22% | 11.75% |
| Max Drawdown | -33.90% | -55.19% |
| Current Drawdown | -5.19% | -4.48% |
Correlation
The correlation between CSPX.L and SPY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CSPX.L vs. SPY - Performance Comparison
In the year-to-date period, CSPX.L achieves a 4.42% return, which is significantly lower than SPY's 5.46% return. Both investments have delivered pretty close results over the past 10 years, with CSPX.L having a 12.01% annualized return and SPY not far ahead at 12.40%. 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. SPY - Expense Ratio Comparison
CSPX.L has a 0.07% expense ratio, which is lower than SPY's 0.09% 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. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
CSPX.L has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.35%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.35% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
CSPX.L vs. SPY - Drawdown Comparison
The maximum CSPX.L drawdown since its inception was -33.90%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CSPX.L and SPY. For additional features, visit the drawdowns tool.
Volatility
CSPX.L vs. SPY - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) is 2.67%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.26%. This indicates that CSPX.L experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.