CSTP.L vs. CSPE.L
CSTP.L (State Street SPDR MSCI Europe Consumer Staples UCITS ETF) and CSPE.L (SPDR MSCI Europe Consumer Staples UCITS ETF) are both Consumer Staples Equities funds from State Street - CSTP.L tracks the MSCI Europe Consumer Staples 35/20 Capped Index while CSPE.L tracks the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Both are passively managed. Over the past 10 years, CSTP.L returned 3.40%/yr vs 1.59%/yr for CSPE.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.18% expense ratio.
Performance
CSTP.L vs. CSPE.L - Performance Comparison
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Different Trading Currencies
CSTP.L is traded in EUR, while CSPE.L is traded in GBP. To make them comparable, the CSPE.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with CSTP.L having a 5.36% return and CSPE.L slightly lower at 5.17%. Over the past 10 years, CSTP.L has outperformed CSPE.L with an annualized return of 3.40%, while CSPE.L has yielded a comparatively lower 1.59% annualized return.
CSTP.L
- 1D
- -0.25%
- 1M
- 2.98%
- 6M
- 4.61%
- YTD
- 5.36%
- 1Y
- 8.01%
- 3Y*
- 2.42%
- 5Y*
- 1.70%
- 10Y*
- 3.40%
CSPE.L
- 1D
- -0.16%
- 1M
- 3.03%
- 6M
- 4.47%
- YTD
- 5.17%
- 1Y
- 7.91%
- 3Y*
- 2.23%
- 5Y*
- -1.30%
- 10Y*
- 1.59%
CSTP.L vs. CSPE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSTP.L State Street SPDR MSCI Europe Consumer Staples UCITS ETF | 5.36% | 7.15% | -2.37% | 0.68% | -7.88% | 20.24% | -3.25% | 24.69% | -8.97% | 9.14% |
CSPE.L SPDR MSCI Europe Consumer Staples UCITS ETF | 5.17% | 6.92% | -2.34% | 0.88% | -22.46% | 28.11% | -8.80% | 33.11% | -10.13% | 4.44% |
Correlation
The correlation between CSTP.L and CSPE.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014 | 0.86 |
The correlation between CSTP.L and CSPE.L shifts across timeframes, from 0.85 (10 years) to 0.97 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CSTP.L vs. CSPE.L — Risk / Return Rank
CSTP.L
CSPE.L
CSTP.L vs. CSPE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Europe Consumer Staples UCITS ETF (CSTP.L) and SPDR MSCI Europe Consumer Staples UCITS ETF (CSPE.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.
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.
| CSTP.L | CSPE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.10 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.57 | +0.06 |
| Martin ratioReturn relative to average drawdown | 1.35 | 1.22 | +0.13 |
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Drawdowns
CSTP.L vs. CSPE.L - Drawdown Comparison
The maximum CSTP.L drawdown since its inception was -25.28%, smaller than the maximum CSPE.L drawdown of -32.12%. Use the drawdown chart below to compare losses from any high point for CSTP.L and CSPE.L.
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Drawdown Indicators
| CSTP.L | CSPE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.28% | -32.12% | +6.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -12.39% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -12.58% | -12.39% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -14.78% | -28.08% | +13.30% |
Max Drawdown (10Y)Largest decline over 10 years | -25.28% | -32.12% | +6.84% |
Current DrawdownCurrent decline from peak | -4.79% | -16.37% | +11.58% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -13.40% | +7.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 5.80% | +0.09% |
Volatility
CSTP.L vs. CSPE.L - Volatility Comparison
State Street SPDR MSCI Europe Consumer Staples UCITS ETF (CSTP.L) and SPDR MSCI Europe Consumer Staples UCITS ETF (CSPE.L) have volatilities of 5.16% and 5.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSTP.L | CSPE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 5.20% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 11.55% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 14.01% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.66% | 14.41% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 15.66% | -2.39% |
CSTP.L vs. CSPE.L - Expense Ratio Comparison
Both CSTP.L and CSPE.L have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CSTP.L vs. CSPE.L - Dividend Comparison
Neither CSTP.L nor CSPE.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, CSTP.L and CSPE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CSTP.L and CSPE.L have the same expense ratio: 0.18% per year.
CSTP.L tracks MSCI Europe Consumer Staples 35/20 Capped Index, while CSPE.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR.
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