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

CSUS.L vs. CSPX.L

Last updated Jun 5, 2026

CSUS.L (iShares VII plc - iShares MSCI USA ETF USD Acc) and CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - CSUS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while CSPX.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 15.22%/yr for CSPX.L. A 0.74 correlation means they provide meaningful diversification when combined. CSUS.L charges 0.33%/yr vs 0.07%/yr for CSPX.L.

Performance

CSUS.L vs. CSPX.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 USD (Acc) (CSPX.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with CSUS.L at 10.32% and CSPX.L at 10.32%. Both investments have delivered pretty close results over the past 10 years, with CSUS.L having a 15.12% annualized return and CSPX.L not far ahead at 15.22%.

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%

CSPX.L

1D
0.01%
1M
4.51%
YTD
10.32%
6M
11.15%
1Y
27.85%
3Y*
22.17%
5Y*
13.72%
10Y*
15.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CSUS.L vs. CSPX.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%
CSPX.L
iShares Core S&P 500 UCITS ETF USD (Acc)		10.32%17.45%25.25%26.74%-18.72%29.35%17.62%30.55%-5.46%21.60%

Correlation

The correlation between CSUS.L and CSPX.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

0.80

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

0.81

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

0.85

Correlation (All Time)
Calculated using the full available price history since Sep 16, 2010

0.74

Over the past year, CSUS.L and CSPX.L have become more correlated (0.97) than their long-term average of 0.74, meaning their price movements have been converging.

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

Sectors
CSUS.L
CSPX.L

Technology

35.4%
38.2%

Financial Services

11.6%
11.1%

Communication Services

11.3%
10.9%

Consumer Cyclical

10.2%
10.0%

Healthcare

8.6%
8.3%

Industrials

8.5%
7.9%

Consumer Defensive

4.8%
4.7%

Energy

3.6%
3.2%

Utilities

2.3%
2.2%

Real Estate

1.9%
1.9%

Basic Materials

1.8%
1.7%

Technology

CSUS.L
35.4%
CSPX.L
38.2%

Financial Services

CSUS.L
11.6%
CSPX.L
11.1%

Communication Services

CSUS.L
11.3%
CSPX.L
10.9%

Consumer Cyclical

CSUS.L
10.2%
CSPX.L
10.0%

Healthcare

CSUS.L
8.6%
CSPX.L
8.3%

Industrials

CSUS.L
8.5%
CSPX.L
7.9%

Consumer Defensive

CSUS.L
4.8%
CSPX.L
4.7%

Energy

CSUS.L
3.6%
CSPX.L
3.2%

Utilities

CSUS.L
2.3%
CSPX.L
2.2%

Real Estate

CSUS.L
1.9%
CSPX.L
1.9%

Basic Materials

CSUS.L
1.8%
CSPX.L
1.7%

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iShares VII plc - iShares MSCI USA ETF USD Acc

iShares Core S&P 500 UCITS ETF USD (Acc)

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 CSPX.L:
CSPX.L vs. VOOCSPX.L vs. VUAA.LCSPX.L vs. SPYCSPX.L vs. CSPX.ASCSPX.L vs. CSP1.LCSPX.L vs. VWRL.ASCSPX.L vs. IVV

Return for Risk

CSUS.L vs. CSPX.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
CSPX.L
CSPX.L Risk / Return Rank: 7373
Overall Rank
CSPX.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
CSPX.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
CSPX.L Omega Ratio Rank: 7272
Omega Ratio Rank
CSPX.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
CSPX.L Martin Ratio Rank: 7777
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. CSPX.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 USD (Acc) (CSPX.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.LCSPX.LDifference
Sharpe ratioReturn per unit of total volatility
2.32
2.32

0.00

Sortino ratioReturn per unit of downside risk
3.39
3.41

-0.02

Omega ratioGain probability vs. loss probability

1.42

1.42

0.00

Calmar ratioReturn relative to maximum drawdown

3.30

3.35

-0.05

Martin ratioReturn relative to average drawdown

13.91

14.51

-0.60

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. CSPX.L - Sharpe Ratio Comparison

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

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

2.32

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.85

0.86

0.00

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

0.94

+0.18

Drawdowns

CSUS.L vs. CSPX.L - Drawdown Comparison

The maximum CSUS.L drawdown since its inception was -34.38%, roughly equal to the maximum CSPX.L drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for CSUS.L and CSPX.L.

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Drawdown Indicators

CSUS.LCSPX.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.38%

-33.90%

-0.48%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-8.17%

-0.14%

Max Drawdown (3Y)

Largest decline over 3 years

-18.85%

-18.50%

-0.35%

Max Drawdown (5Y)

Largest decline over 5 years

-25.44%

-24.39%

-1.05%

Max Drawdown (10Y)

Largest decline over 10 years

-34.38%

-33.90%

-0.48%

Current Drawdown

Current decline from peak

-0.47%

-0.53%

+0.06%

Average Drawdown

Average peak-to-trough decline

-4.13%

-3.72%

-0.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

1.90%

+0.07%

Volatility

CSUS.L vs. CSPX.L - Volatility Comparison

iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) have volatilities of 3.25% and 3.13%, 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

CSUS.LCSPX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

3.13%

+0.12%

Volatility (6M)

Calculated over the trailing 6-month period

8.62%

8.70%

-0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

11.80%

11.80%

0.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.74%

15.97%

+0.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.14%

16.19%

+0.95%

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

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

Dividends

CSUS.L vs. CSPX.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.97, CSUS.L and CSPX.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, CSPX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSPX.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 CSPX.L is S&P 500. CSUS.L tracks Russell 1000 TR USD, while CSPX.L tracks S&P 500 Index. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.33% for CSUS.L and 0.07% for CSPX.L.

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