CSSX5E.MI vs. SPYL.DE
CSSX5E.MI (iShares Core EURO STOXX 50 ETF EUR Acc) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - CSSX5E.MI is a Europe Equities fund tracking the EURO STOXX® 50, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, CSSX5E.MI returned 20.75% vs 26.53% for SPYL.DE. A 0.54 correlation means they provide meaningful diversification when combined. CSSX5E.MI charges 0.10%/yr vs 0.03%/yr for SPYL.DE.
Performance
CSSX5E.MI vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CSSX5E.MI achieves a 9.31% return, which is significantly lower than SPYL.DE's 11.37% return.
CSSX5E.MI
- 1D
- 0.77%
- 1M
- 7.33%
- YTD
- 9.31%
- 6M
- 10.49%
- 1Y
- 20.75%
- 3Y*
- 15.51%
- 5Y*
- 11.68%
- 10Y*
- 11.32%
SPYL.DE
- 1D
- -0.15%
- 1M
- 1.89%
- YTD
- 11.37%
- 6M
- 12.70%
- 1Y
- 26.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSSX5E.MI vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CSSX5E.MI iShares Core EURO STOXX 50 ETF EUR Acc | 9.31% | 23.04% | 10.93% | 11.49% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between CSSX5E.MI and SPYL.DE is 0.63, 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2023 | 0.54 |
The correlation between CSSX5E.MI and SPYL.DE has been stable across timeframes, ranging from 0.54 to 0.63 - a consistent structural relationship.
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Return for Risk
CSSX5E.MI vs. SPYL.DE — Risk / Return Rank
CSSX5E.MI
SPYL.DE
CSSX5E.MI vs. SPYL.DE - 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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE). 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.
| CSSX5E.MI | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 3.58 | -1.66 |
| Martin ratioReturn relative to average drawdown | 6.58 | 12.72 | -6.14 |
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Drawdowns
CSSX5E.MI vs. SPYL.DE - Drawdown Comparison
The maximum CSSX5E.MI drawdown since its inception was -38.50%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for CSSX5E.MI and SPYL.DE.
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Drawdown Indicators
| CSSX5E.MI | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.50% | -23.27% | -15.23% |
Max Drawdown (1Y)Largest decline over 1 year | -10.81% | -7.13% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.50% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -7.26% | -3.23% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.01% | +1.14% |
Volatility
CSSX5E.MI vs. SPYL.DE - Volatility Comparison
iShares Core EURO STOXX 50 ETF EUR Acc (CSSX5E.MI) has a higher volatility of 4.33% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that CSSX5E.MI's price experiences larger fluctuations and is considered to be riskier than SPYL.DE 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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 2.66% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 7.57% | +5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.07% | 11.52% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.63% | 14.60% | +3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.32% | 14.60% | +3.72% |
CSSX5E.MI vs. SPYL.DE - Expense Ratio Comparison
CSSX5E.MI has a 0.10% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CSSX5E.MI vs. SPYL.DE - Dividend Comparison
Neither CSSX5E.MI nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
CSSX5E.MI and SPYL.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.10% for CSSX5E.MI.
CSSX5E.MI is categorized as Europe Equities, while SPYL.DE is S&P 500. CSSX5E.MI tracks EURO STOXX® 50, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.10% for CSSX5E.MI and 0.03% for SPYL.DE.
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