CU31.L vs. CSP1.L
Compare and contrast key facts about iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) and iShares Core S&P 500 UCITS ETF (CSP1.L).
CU31.L and CSP1.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CU31.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jun 3, 2009. CSP1.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 19, 2010. Both CU31.L and CSP1.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CU31.L vs. CSP1.L - Performance Comparison
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CU31.L vs. CSP1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CU31.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 1.28% | -1.98% | 5.81% | -1.58% | 7.82% | 0.48% | -0.40% | 0.29% | 7.25% | -8.69% |
CSP1.L iShares Core S&P 500 UCITS ETF | -3.08% | 9.37% | 27.35% | 19.79% | -9.05% | 31.07% | 13.65% | 26.42% | 0.01% | 10.83% |
Returns By Period
In the year-to-date period, CU31.L achieves a 1.28% return, which is significantly higher than CSP1.L's -3.08% return. Over the past 10 years, CU31.L has underperformed CSP1.L with an annualized return of 2.34%, while CSP1.L has yielded a comparatively higher 14.63% annualized return.
CU31.L
- 1D
- -0.79%
- 1M
- 0.12%
- YTD
- 1.28%
- 6M
- 2.56%
- 1Y
- 0.70%
- 3Y*
- 1.54%
- 5Y*
- 2.57%
- 10Y*
- 2.34%
CSP1.L
- 1D
- 1.48%
- 1M
- -3.24%
- YTD
- -3.08%
- 6M
- 0.22%
- 1Y
- 14.77%
- 3Y*
- 15.77%
- 5Y*
- 12.63%
- 10Y*
- 14.63%
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CU31.L vs. CSP1.L - Expense Ratio Comparison
Both CU31.L and CSP1.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
CU31.L vs. CSP1.L — Risk / Return Rank
CU31.L
CSP1.L
CU31.L vs. CSP1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.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.
| CU31.L | CSP1.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.10 | 0.97 | -0.87 |
Sortino ratioReturn per unit of downside risk | 0.20 | 1.41 | -1.21 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.20 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.17 | 2.06 | -1.89 |
Martin ratioReturn relative to average drawdown | 0.30 | 7.08 | -6.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CU31.L | CSP1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.10 | 0.97 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.88 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.93 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 1.03 | -0.75 |
Correlation
The correlation between CU31.L and CSP1.L is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CU31.L vs. CSP1.L - Dividend Comparison
Neither CU31.L nor CSP1.L has paid dividends to shareholders.
Drawdowns
CU31.L vs. CSP1.L - Drawdown Comparison
The maximum CU31.L drawdown since its inception was -18.80%, smaller than the maximum CSP1.L drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for CU31.L and CSP1.L.
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Drawdown Indicators
| CU31.L | CSP1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.80% | -25.48% | +6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -6.51% | -10.33% | +3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -16.29% | -20.77% | +4.48% |
Max Drawdown (10Y)Largest decline over 10 years | -18.80% | -25.48% | +6.68% |
Current DrawdownCurrent decline from peak | -7.04% | -4.74% | -2.30% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -3.35% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 2.07% | +1.50% |
Volatility
CU31.L vs. CSP1.L - Volatility Comparison
The current volatility for iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) is 2.04%, while iShares Core S&P 500 UCITS ETF (CSP1.L) has a volatility of 3.75%. This indicates that CU31.L experiences smaller price fluctuations and is considered to be less risky 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
| CU31.L | CSP1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.04% | 3.75% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 4.33% | 8.30% | -3.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.71% | 15.14% | -8.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.06% | 14.38% | -6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.22% | 15.60% | -6.38% |