CSUS.L vs. VPN.L
CSUS.L (iShares VII plc - iShares MSCI USA ETF USD Acc) and VPN.L (Global X Data Center REITs & Digital Infrastructure 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 VPN.L is a REIT fund tracking the Solactive Data Center REITs & Digital Infrastructure v2 Index. Both are passively managed. Over the past 3 years, CSUS.L returned 19.41%/yr vs 26.86%/yr for VPN.L. A 0.67 correlation means they provide meaningful diversification when combined. CSUS.L charges 0.33%/yr vs 0.50%/yr for VPN.L.
Performance
CSUS.L vs. VPN.L - Performance Comparison
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Returns By Period
In the year-to-date period, CSUS.L achieves a 8.92% return, which is significantly lower than VPN.L's 29.81% return.
CSUS.L
- 1D
- -1.33%
- 1M
- -0.50%
- 6M
- 7.87%
- YTD
- 8.92%
- 1Y
- 19.61%
- 3Y*
- 19.41%
- 5Y*
- 12.24%
- 10Y*
- 14.58%
VPN.L
- 1D
- -1.35%
- 1M
- -13.39%
- 6M
- 16.18%
- YTD
- 29.81%
- 1Y
- 44.32%
- 3Y*
- 26.86%
- 5Y*
- —
- 10Y*
- —
CSUS.L vs. VPN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CSUS.L iShares VII plc - iShares MSCI USA ETF USD Acc | 8.92% | 17.22% | 25.29% | 27.68% | -20.12% | 3.94% |
VPN.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) | 29.81% | 29.31% | 13.54% | 17.68% | -30.40% | 3.62% |
Correlation
The correlation between CSUS.L and VPN.L is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.67 |
The correlation between CSUS.L and VPN.L has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
CSUS.L vs. VPN.L — Risk / Return Rank
CSUS.L
VPN.L
CSUS.L vs. VPN.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 Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.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.
| CSUS.L | VPN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.87 | -0.52 |
| Martin ratioReturn relative to average drawdown | 9.33 | 8.60 | +0.73 |
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Drawdowns
CSUS.L vs. VPN.L - Drawdown Comparison
The maximum CSUS.L drawdown since its inception was -34.38%, smaller than the maximum VPN.L drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for CSUS.L and VPN.L.
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Drawdown Indicators
| CSUS.L | VPN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.38% | -38.80% | +4.42% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -15.39% | +7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -18.85% | -25.58% | +6.73% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.38% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -15.39% | +13.65% |
Average DrawdownAverage peak-to-trough decline | -3.90% | -14.64% | +10.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 5.14% | -3.04% |
Volatility
CSUS.L vs. VPN.L - Volatility Comparison
The current volatility for iShares VII plc - iShares MSCI USA ETF USD Acc (CSUS.L) is 3.07%, while Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.L) has a volatility of 7.36%. This indicates that CSUS.L experiences smaller price fluctuations and is considered to be less risky than VPN.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.L | VPN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 7.36% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 17.63% | -8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.25% | 23.60% | -11.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 22.63% | -6.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.38% | 22.63% | -6.25% |
CSUS.L vs. VPN.L - Expense Ratio Comparison
CSUS.L has a 0.33% expense ratio, which is lower than VPN.L's 0.50% expense ratio.
Dividends
CSUS.L vs. VPN.L - Dividend Comparison
Neither CSUS.L nor VPN.L has paid dividends to shareholders.
Frequently Asked Questions
CSUS.L and VPN.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSUS.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSUS.L is cheaper with a 0.33% expense ratio, compared with 0.50% for VPN.L.
CSUS.L is categorized as Large Cap Blend Equities, while VPN.L is REIT. CSUS.L tracks Russell 1000 TR USD, while VPN.L tracks Solactive Data Center REITs & Digital Infrastructure v2 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.33% for CSUS.L and 0.50% for VPN.L.
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