CSUK.L vs. ^GSPC
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 9.03%/yr vs 14.13%/yr for ^GSPC. At a 0.42 correlation, their price movements are largely independent.
Performance
CSUK.L vs. ^GSPC - Performance Comparison
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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 6.98% return, which is significantly lower than ^GSPC's 9.90% return. Over the past 10 years, CSUK.L has underperformed ^GSPC with an annualized return of 9.03%, while ^GSPC has yielded a comparatively higher 14.13% annualized return.
CSUK.L
- 1D
- -0.32%
- 1M
- -0.47%
- YTD
- 6.98%
- 6M
- 7.68%
- 1Y
- 22.74%
- 3Y*
- 15.45%
- 5Y*
- 11.98%
- 10Y*
- 9.03%
^GSPC
- 1D
- 0.09%
- 1M
- 0.36%
- YTD
- 9.90%
- 6M
- 8.80%
- 1Y
- 24.71%
- 3Y*
- 17.76%
- 5Y*
- 12.60%
- 10Y*
- 14.13%
CSUK.L vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSUK.L iShares MSCI UK UCITS ETF (Acc) | 6.98% | 25.26% | 8.91% | 6.86% | 7.23% | 18.18% | -13.09% | 16.20% | -9.39% | 11.89% |
^GSPC S&P 500 Index | 9.90% | 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 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2010 | 0.42 |
The correlation between CSUK.L and ^GSPC shifts across timeframes, from 0.25 (3 years) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CSUK.L vs. ^GSPC — Risk / Return Rank
CSUK.L
^GSPC
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.
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.
| CSUK.L | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.38 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 3.09 | -0.55 |
| Martin ratioReturn relative to average drawdown | 8.52 | 11.34 | -2.82 |
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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 | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -3.27% | -1.66% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -5.30% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 2.18% | +0.48% |
Volatility
CSUK.L vs. ^GSPC - Volatility Comparison
The current volatility for iShares MSCI UK UCITS ETF (Acc) (CSUK.L) is 3.19%, while S&P 500 Index (^GSPC) has a volatility of 4.35%. This indicates that CSUK.L 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
| CSUK.L | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 4.35% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 8.96% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.46% | 12.03% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.76% | 15.96% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.99% | 18.09% | -3.10% |
Frequently Asked Questions
CSUK.L and ^GSPC have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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