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CSUK.L vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

CSUK.L vs. ^GSPC

Last updated Jun 4, 2026

CSUK.L (iShares MSCI UK UCITS ETF (Acc)) is Europe Equities fund tracking the FTSE AllSh TR GBP, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CSUK.L returned 8.88%/yr vs 14.55%/yr for ^GSPC. At a 0.39 correlation, their price movements are largely independent.

Performance

CSUK.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI UK UCITS ETF (Acc) (CSUK.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CSUK.L is traded in GBp, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CSUK.L achieves a 5.97% return, which is significantly lower than ^GSPC's 10.75% return. Over the past 10 years, CSUK.L has underperformed ^GSPC with an annualized return of 8.88%, while ^GSPC has yielded a comparatively higher 14.55% annualized return.

CSUK.L

1D
-0.36%
1M
-0.19%
YTD
5.97%
6M
8.48%
1Y
21.21%
3Y*
14.38%
5Y*
12.01%
10Y*
8.88%

^GSPC

1D
-0.47%
1M
5.75%
YTD
10.75%
6M
9.70%
1Y
27.40%
3Y*
17.84%
5Y*
13.50%
10Y*
14.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSUK.L vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSUK.L
iShares MSCI UK UCITS ETF (Acc)		5.97%25.26%8.91%6.86%7.23%18.18%-13.09%16.20%-9.39%11.89%
^GSPC
S&P 500 Index		10.75%8.10%25.46%18.02%-9.86%28.09%12.84%23.98%-0.68%9.09%

Correlation

The correlation between CSUK.L and ^GSPC is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.35

Correlation (3Y)
Calculated over the trailing 3-year period

0.26

Correlation (5Y)
Calculated over the trailing 5-year period

0.27

Correlation (10Y)
Calculated over the trailing 10-year period

0.36

Correlation (All Time)
Calculated using the full available price history since Sep 22, 2010

0.39

The correlation between CSUK.L and ^GSPC shifts across timeframes, from 0.26 (3 years) to 0.39 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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iShares MSCI UK UCITS ETF (Acc)

S&P 500 Index

Often compared with CSUK.L:
CSUK.L vs. CUKX.LCSUK.L vs. MIDD.LCSUK.L vs. EWUCSUK.L vs. VUKG.LCSUK.L vs. ISF.LCSUK.L vs. VUAG.LCSUK.L vs. VFV.TO
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. GC=F^GSPC vs. TSMU^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

CSUK.L vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSUK.L
CSUK.L Risk / Return Rank: 5353
Overall Rank
CSUK.L Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
CSUK.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
CSUK.L Omega Ratio Rank: 5757
Omega Ratio Rank
CSUK.L Calmar Ratio Rank: 4949
Calmar Ratio Rank
CSUK.L Martin Ratio Rank: 5050
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 7373
Overall Rank
^GSPC Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7171
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7272
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 6767
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8181
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CSUK.L vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UK UCITS ETF (Acc) (CSUK.L) 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.

CSUK.L^GSPCDifference
Sharpe ratioReturn per unit of total volatility
1.89
2.38

-0.49

Sortino ratioReturn per unit of downside risk
2.64
3.12

-0.47

Omega ratioGain probability vs. loss probability

1.35

1.45

-0.09

Calmar ratioReturn relative to maximum drawdown

2.37

3.43

-1.06

Martin ratioReturn relative to average drawdown

8.37

12.79

-4.42

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CSUK.L vs. ^GSPC - Sharpe Ratio Comparison

The current CSUK.L Sharpe Ratio is 1.89, which is comparable to the ^GSPC Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of CSUK.L and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CSUK.L^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.89

2.38

-0.49

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.86

+0.09

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.59

0.80

-0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.58

-0.09

Drawdowns

CSUK.L vs. ^GSPC - Drawdown Comparison

The maximum CSUK.L drawdown since its inception was -34.55%, smaller than the maximum ^GSPC drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for CSUK.L and ^GSPC.

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Drawdown Indicators

CSUK.L^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-34.55%

-37.07%

+2.52%

Max Drawdown (1Y)

Largest decline over 1 year

-8.91%

-8.03%

-0.88%

Max Drawdown (3Y)

Largest decline over 3 years

-12.65%

-22.15%

+9.50%

Max Drawdown (5Y)

Largest decline over 5 years

-12.65%

-22.15%

+9.50%

Max Drawdown (10Y)

Largest decline over 10 years

-34.55%

-26.01%

-8.54%

Current Drawdown

Current decline from peak

-4.18%

-0.47%

-3.71%

Average Drawdown

Average peak-to-trough decline

-4.72%

-5.32%

+0.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

2.15%

+0.38%

Volatility

CSUK.L vs. ^GSPC - Volatility Comparison

iShares MSCI UK UCITS ETF (Acc) (CSUK.L) has a higher volatility of 4.66% compared to S&P 500 Index (^GSPC) at 2.76%. This indicates that CSUK.L's price experiences larger fluctuations and is considered to be riskier 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

CSUK.L^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.66%

2.76%

+1.90%

Volatility (6M)

Calculated over the trailing 6-month period

9.73%

8.23%

+1.50%

Volatility (1Y)

Calculated over the trailing 1-year period

11.17%

11.56%

-0.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.74%

15.86%

-3.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.08%

18.16%

-3.08%

Frequently Asked Questions

CSUK.L and ^GSPC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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