CU1.L vs. VPN.L
CU1.L (iShares MSCI USA UCITS ETF USD (Acc)) and VPN.L (Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc)) are both exchange-traded funds - CU1.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, CU1.L returned 18.28%/yr vs 25.54%/yr for VPN.L. A 0.59 correlation means they provide meaningful diversification when combined. CU1.L charges 0.33%/yr vs 0.50%/yr for VPN.L.
Performance
CU1.L vs. VPN.L - Performance Comparison
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Different Trading Currencies
CU1.L is traded in GBp, while VPN.L is traded in USD. To make them comparable, the VPN.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CU1.L achieves a 8.92% return, which is significantly lower than VPN.L's 29.99% return.
CU1.L
- 1D
- -1.06%
- 1M
- -0.88%
- 6M
- 7.37%
- YTD
- 8.92%
- 1Y
- 19.25%
- 3Y*
- 18.28%
- 5Y*
- 12.81%
- 10Y*
- 14.31%
VPN.L
- 1D
- -1.18%
- 1M
- -14.45%
- 6M
- 15.51%
- YTD
- 29.99%
- 1Y
- 43.93%
- 3Y*
- 25.54%
- 5Y*
- —
- 10Y*
- —
CU1.L vs. VPN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CU1.L iShares MSCI USA UCITS ETF USD (Acc) | 8.92% | 9.22% | 27.38% | 20.66% | -10.62% | 2.34% |
VPN.L Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) | 29.99% | 20.10% | 15.53% | 11.80% | -22.12% | 1.39% |
Correlation
The correlation between CU1.L and VPN.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2021 | 0.59 |
The correlation between CU1.L and VPN.L has been stable across timeframes, ranging from 0.56 to 0.59 - a consistent structural relationship.
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Return for Risk
CU1.L vs. VPN.L — Risk / Return Rank
CU1.L
VPN.L
CU1.L vs. VPN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA UCITS ETF USD (Acc) (CU1.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.
| CU1.L | VPN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.31 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | 2.68 | -0.18 |
| Martin ratioReturn relative to average drawdown | 8.48 | 8.56 | -0.08 |
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Drawdowns
CU1.L vs. VPN.L - Drawdown Comparison
The maximum CU1.L drawdown since its inception was -98.42%, which is greater than VPN.L's maximum drawdown of -26.92%. Use the drawdown chart below to compare losses from any high point for CU1.L and VPN.L.
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Drawdown Indicators
| CU1.L | VPN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.42% | -26.92% | -71.50% |
Max Drawdown (1Y)Largest decline over 1 year | -7.68% | -16.33% | +8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -26.71% | +5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.87% | — | — |
Current DrawdownCurrent decline from peak | -1.89% | -16.33% | +14.44% |
Average DrawdownAverage peak-to-trough decline | -4.00% | -11.30% | +7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 5.12% | -2.85% |
Volatility
CU1.L vs. VPN.L - Volatility Comparison
The current volatility for iShares MSCI USA UCITS ETF USD (Acc) (CU1.L) is 3.12%, while Global X Data Center REITs & Digital Infrastructure UCITS ETF USD (Acc) (VPN.L) has a volatility of 7.44%. This indicates that CU1.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
| CU1.L | VPN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 7.44% | -4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 16.91% | -8.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 23.19% | -12.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.20% | 21.36% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 21.36% | -2.98% |
CU1.L vs. VPN.L - Expense Ratio Comparison
CU1.L has a 0.33% expense ratio, which is lower than VPN.L's 0.50% expense ratio.
Dividends
CU1.L vs. VPN.L - Dividend Comparison
Neither CU1.L nor VPN.L has paid dividends to shareholders.
Frequently Asked Questions
CU1.L and VPN.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CU1.L is cheaper at 0.33% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CU1.L is cheaper with a 0.33% expense ratio, compared with 0.50% for VPN.L.
CU1.L is categorized as Large Cap Blend Equities, while VPN.L is REIT. CU1.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 CU1.L and 0.50% for VPN.L.
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