CSSPX.MI vs. ^GSPC
CSSPX.MI (iShares Core S&P 500 UCITS ETF USD (Acc)) is S&P 500 fund tracking the S&P 500 Index, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CSSPX.MI returned 15.13%/yr vs 13.56%/yr for ^GSPC. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
CSSPX.MI vs. ^GSPC - Performance Comparison
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Different Trading Currencies
CSSPX.MI is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CSSPX.MI having a 10.79% return and ^GSPC slightly higher at 11.08%. Over the past 10 years, CSSPX.MI has outperformed ^GSPC with an annualized return of 15.13%, while ^GSPC has yielded a comparatively lower 13.56% annualized return.
CSSPX.MI
- 1D
- -0.87%
- 1M
- 0.25%
- YTD
- 10.79%
- 6M
- 11.14%
- 1Y
- 24.81%
- 3Y*
- 18.93%
- 5Y*
- 13.90%
- 10Y*
- 15.13%
^GSPC
- 1D
- -0.08%
- 1M
- 0.13%
- YTD
- 11.08%
- 6M
- 9.99%
- 1Y
- 23.85%
- 3Y*
- 17.70%
- 5Y*
- 12.53%
- 10Y*
- 13.56%
CSSPX.MI vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSSPX.MI iShares Core S&P 500 UCITS ETF USD (Acc) | 10.79% | 4.27% | 33.76% | 22.03% | -14.58% | 40.89% | 7.57% | 34.27% | -1.05% | 6.71% |
^GSPC S&P 500 Index | 11.08% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between CSSPX.MI and ^GSPC is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.58 |
The correlation between CSSPX.MI and ^GSPC shifts across timeframes, from 0.57 (5 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSSPX.MI vs. ^GSPC — Risk / Return Rank
CSSPX.MI
^GSPC
CSSPX.MI vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI) and S&P 500 Index (^GSPC). 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.
| CSSPX.MI | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 3.17 | +0.31 |
| Martin ratioReturn relative to average drawdown | 12.22 | 11.71 | +0.51 |
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Drawdowns
CSSPX.MI vs. ^GSPC - Drawdown Comparison
The maximum CSSPX.MI drawdown since its inception was -33.56%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for CSSPX.MI and ^GSPC.
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Drawdown Indicators
| CSSPX.MI | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.56% | -51.62% | +18.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -7.57% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -23.26% | -23.99% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -23.26% | -23.99% | +0.73% |
Max Drawdown (10Y)Largest decline over 10 years | -33.56% | -33.42% | -0.14% |
Current DrawdownCurrent decline from peak | -0.91% | -1.08% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -9.08% | +4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.04% | -0.01% |
Volatility
CSSPX.MI vs. ^GSPC - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI) is 3.42%, while S&P 500 Index (^GSPC) has a volatility of 3.97%. This indicates that CSSPX.MI experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSSPX.MI | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.42% | 3.97% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.99% | 9.16% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 12.60% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.30% | 16.86% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 18.61% | -2.48% |
Frequently Asked Questions
CSSPX.MI and ^GSPC have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for CSSPX.MI and ^GSPC
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