CSSX5E.MI vs. FEZ
CSSX5E.MI (iShares Core EURO STOXX 50 ETF EUR Acc) and FEZ (SPDR EURO STOXX 50 ETF) are both Europe Equities funds - CSSX5E.MI tracks the EURO STOXX® 50 while FEZ tracks the EURO STOXX 50 Index. Both are passively managed. Over the past 10 years, CSSX5E.MI returned 10.41%/yr vs 10.05%/yr for FEZ. A 0.71 correlation means they provide meaningful diversification when combined. CSSX5E.MI charges 0.10%/yr vs 0.29%/yr for FEZ.
Performance
CSSX5E.MI vs. FEZ - Performance Comparison
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Different Trading Currencies
CSSX5E.MI is traded in EUR, while FEZ is traded in USD. To make them comparable, the FEZ 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 CSSX5E.MI having a 6.16% return and FEZ slightly higher at 6.44%. Both investments have delivered pretty close results over the past 10 years, with CSSX5E.MI having a 10.41% annualized return and FEZ not far behind at 10.05%.
CSSX5E.MI
- 1D
- -0.78%
- 1M
- 6.04%
- YTD
- 6.16%
- 6M
- 8.28%
- 1Y
- 15.57%
- 3Y*
- 15.01%
- 5Y*
- 11.33%
- 10Y*
- 10.41%
FEZ
- 1D
- -1.04%
- 1M
- 5.96%
- YTD
- 6.44%
- 6M
- 7.45%
- 1Y
- 14.58%
- 3Y*
- 14.60%
- 5Y*
- 10.94%
- 10Y*
- 10.05%
CSSX5E.MI vs. FEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSSX5E.MI iShares Core EURO STOXX 50 ETF EUR Acc | 6.16% | 23.04% | 10.93% | 22.79% | -9.22% | 23.62% | -2.24% | 29.02% | -11.96% | 9.95% |
FEZ SPDR EURO STOXX 50 ETF | 6.44% | 21.46% | 10.41% | 23.35% | -8.96% | 23.43% | -3.80% | 28.89% | -11.90% | 9.47% |
Correlation
The correlation between CSSX5E.MI and FEZ is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010 | 0.71 |
The correlation between CSSX5E.MI and FEZ has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
CSSX5E.MI vs. FEZ — Risk / Return Rank
CSSX5E.MI
FEZ
CSSX5E.MI vs. FEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI) and SPDR EURO STOXX 50 ETF (FEZ). 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.
| CSSX5E.MI | FEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.25 | +0.19 |
| Martin ratioReturn relative to average drawdown | 4.84 | 4.43 | +0.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSSX5E.MI | FEZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.91 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.62 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | 0.52 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.21 | +0.20 |
Drawdowns
CSSX5E.MI vs. FEZ - Drawdown Comparison
The maximum CSSX5E.MI drawdown since its inception was -38.50%, smaller than the maximum FEZ drawdown of -58.41%. Use the drawdown chart below to compare losses from any high point for CSSX5E.MI and FEZ.
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Drawdown Indicators
| CSSX5E.MI | FEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.50% | -58.41% | +19.91% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -11.67% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | -16.69% | +0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | -23.29% | -0.27% |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | -38.48% | -0.02% |
Current DrawdownCurrent decline from peak | -1.24% | -1.04% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -7.27% | -14.87% | +7.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 3.30% | -0.09% |
Volatility
CSSX5E.MI vs. FEZ - Volatility Comparison
The current volatility for iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI) is 5.55%, while SPDR EURO STOXX 50 ETF (FEZ) has a volatility of 5.91%. This indicates that CSSX5E.MI experiences smaller price fluctuations and is considered to be less risky than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSSX5E.MI | FEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 5.91% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 13.07% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 16.01% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 17.60% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 19.28% | -0.96% |
CSSX5E.MI vs. FEZ - Expense Ratio Comparison
CSSX5E.MI has a 0.10% expense ratio, which is lower than FEZ's 0.29% expense ratio.
Dividends
CSSX5E.MI vs. FEZ - Dividend Comparison
CSSX5E.MI has not paid dividends to shareholders, while FEZ's dividend yield for the trailing twelve months is around 2.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSSX5E.MI iShares Core EURO STOXX 50 ETF EUR 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% |
FEZ SPDR EURO STOXX 50 ETF | 2.57% | 2.78% | 2.94% | 2.75% | 3.06% | 2.61% | 2.13% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% |
Frequently Asked Questions
CSSX5E.MI and FEZ have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSX5E.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSX5E.MI is cheaper with a 0.10% expense ratio, compared with 0.29% for FEZ.
CSSX5E.MI tracks EURO STOXX® 50, while FEZ tracks EURO STOXX 50 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for CSSX5E.MI and 0.29% for FEZ.
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