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CSUS.L vs. CSP1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSUS.L vs. CSP1.L

Last updated Jun 5, 2026

CSUS.L (iShares VII plc - iShares MSCI USA ETF USD Acc) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - CSUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while CSP1.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, CSUS.L returned 15.12%/yr vs 15.23%/yr for CSP1.L. A 0.71 correlation means they provide meaningful diversification when combined. CSUS.L charges 0.33%/yr vs 0.07%/yr for CSP1.L.

Performance

CSUS.L vs. CSP1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) and iShares Core S&P 500 UCITS ETF (CSP1.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CSUS.L is traded in USD, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with CSUS.L having a 10.32% return and CSP1.L slightly lower at 10.28%. Both investments have delivered pretty close results over the past 10 years, with CSUS.L having a 15.12% annualized return and CSP1.L not far ahead at 15.23%.

CSUS.L

1D
0.06%
1M
4.70%
YTD
10.32%
6M
10.98%
1Y
27.52%
3Y*
22.49%
5Y*
13.29%
10Y*
15.12%

CSP1.L

1D
0.10%
1M
4.65%
YTD
10.28%
6M
11.29%
1Y
27.90%
3Y*
22.09%
5Y*
13.73%
10Y*
15.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSUS.L vs. CSP1.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSUS.L
iShares VII plc - iShares MSCI USA ETF USD Acc		10.32%17.22%25.83%26.72%-20.46%28.02%20.30%30.38%-5.82%21.66%
CSP1.L
iShares Core S&P 500 UCITS ETF		10.28%17.63%25.22%26.11%-18.77%29.88%17.14%31.49%-5.65%21.38%

Correlation

The correlation between CSUS.L and CSP1.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.92

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

0.81

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

0.80

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

0.80

Correlation (All Time)
Calculated using the full available price history since Oct 5, 2010

0.71

Over the past year, CSUS.L and CSP1.L have become more correlated (0.92) than their long-term average of 0.71, meaning their price movements have been converging.

CSUS.L vs. CSP1.L - Sectors Allocation Comparison

Sectors
CSUS.L
CSP1.L

Technology

35.4%
38.0%

Financial Services

11.6%
11.3%

Communication Services

11.3%
10.7%

Consumer Cyclical

10.2%
9.9%

Healthcare

8.6%
8.4%

Industrials

8.5%
7.9%

Consumer Defensive

4.8%
4.7%

Energy

3.6%
3.4%

Utilities

2.3%
2.2%

Real Estate

1.9%
1.9%

Basic Materials

1.8%
1.7%

Technology

CSUS.L
35.4%
CSP1.L
38.0%

Financial Services

CSUS.L
11.6%
CSP1.L
11.3%

Communication Services

CSUS.L
11.3%
CSP1.L
10.7%

Consumer Cyclical

CSUS.L
10.2%
CSP1.L
9.9%

Healthcare

CSUS.L
8.6%
CSP1.L
8.4%

Industrials

CSUS.L
8.5%
CSP1.L
7.9%

Consumer Defensive

CSUS.L
4.8%
CSP1.L
4.7%

Energy

CSUS.L
3.6%
CSP1.L
3.4%

Utilities

CSUS.L
2.3%
CSP1.L
2.2%

Real Estate

CSUS.L
1.9%
CSP1.L
1.9%

Basic Materials

CSUS.L
1.8%
CSP1.L
1.7%

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iShares VII plc - iShares MSCI USA ETF USD Acc

iShares Core S&P 500 UCITS ETF

Often compared with CSUS.L:
CSUS.L vs. VTICSUS.L vs. XD9D.DECSUS.L vs. SPYCSUS.L vs. AVUVCSUS.L vs. VXUSCSUS.L vs. ITOTCSUS.L vs. VOO
Often compared with CSP1.L:
CSP1.L vs. CSPX.LCSP1.L vs. VUAG.LCSP1.L vs. SPYCSP1.L vs. IUSA.LCSP1.L vs. VUAA.LCSP1.L vs. SPY5.LCSP1.L vs. VOO

Return for Risk

CSUS.L vs. CSP1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CSUS.L
CSUS.L Risk / Return Rank: 7373
Overall Rank
CSUS.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
CSUS.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
CSUS.L Omega Ratio Rank: 7373
Omega Ratio Rank
CSUS.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
CSUS.L Martin Ratio Rank: 7575
Martin Ratio Rank
CSP1.L
CSP1.L Risk / Return Rank: 8282
Overall Rank
CSP1.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
CSP1.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
CSP1.L Omega Ratio Rank: 8585
Omega Ratio Rank
CSP1.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
CSP1.L Martin Ratio Rank: 7878
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.

CSUS.L vs. CSP1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) and iShares Core S&P 500 UCITS ETF (CSP1.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.

CSUS.LCSP1.LDifference
Sharpe ratioReturn per unit of total volatility
2.32
2.48

-0.16

Sortino ratioReturn per unit of downside risk
3.39
3.57

-0.18

Omega ratioGain probability vs. loss probability

1.42

1.44

-0.02

Calmar ratioReturn relative to maximum drawdown

3.30

3.20

+0.10

Martin ratioReturn relative to average drawdown

13.91

13.82

+0.10

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

CSUS.L vs. CSP1.L - Sharpe Ratio Comparison

The current CSUS.L Sharpe Ratio is 2.32, which is comparable to the CSP1.L Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of CSUS.L and CSP1.L, 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

CSUS.LCSP1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

2.48

-0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

0.88

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.98

0.94

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

1.12

1.00

+0.13

Drawdowns

CSUS.L vs. CSP1.L - Drawdown Comparison

The maximum CSUS.L drawdown since its inception was -34.38%, roughly equal to the maximum CSP1.L drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for CSUS.L and CSP1.L.

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Drawdown Indicators

CSUS.LCSP1.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.38%

-33.51%

-0.87%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-8.68%

+0.37%

Max Drawdown (3Y)

Largest decline over 3 years

-18.85%

-18.69%

-0.16%

Max Drawdown (5Y)

Largest decline over 5 years

-25.44%

-25.16%

-0.28%

Max Drawdown (10Y)

Largest decline over 10 years

-34.38%

-33.51%

-0.87%

Current Drawdown

Current decline from peak

-0.47%

-0.55%

+0.08%

Average Drawdown

Average peak-to-trough decline

-4.13%

-3.87%

-0.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

2.01%

-0.04%

Volatility

CSUS.L vs. CSP1.L - Volatility Comparison

iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) has a higher volatility of 3.25% compared to iShares Core S&P 500 UCITS ETF (CSP1.L) at 2.58%. This indicates that CSUS.L's price experiences larger fluctuations and is considered to be riskier than CSP1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSUS.LCSP1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

2.58%

+0.67%

Volatility (6M)

Calculated over the trailing 6-month period

8.62%

7.99%

+0.63%

Volatility (1Y)

Calculated over the trailing 1-year period

11.80%

11.21%

+0.59%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.74%

15.68%

+1.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.14%

16.12%

+1.02%

CSUS.L vs. CSP1.L - Expense Ratio Comparison

CSUS.L has a 0.33% expense ratio, which is higher than CSP1.L's 0.07% expense ratio.

Dividends

CSUS.L vs. CSP1.L - Dividend Comparison

Neither CSUS.L nor CSP1.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.92, CSUS.L and CSP1.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.

On fees, CSP1.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSP1.L is cheaper with a 0.07% expense ratio, compared with 0.33% for CSUS.L.

CSUS.L is categorized as Large Cap Blend Equities, while CSP1.L is S&P 500. CSUS.L tracks Russell 1000 TR USD, while CSP1.L tracks S&P 500 Index. Their fees differ too: 0.33% for CSUS.L and 0.07% for CSP1.L.

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