EUNL.DE vs. CSP1.L
EUNL.DE (iShares Core MSCI World UCITS ETF USD (Acc)) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - EUNL.DE is a Global Equities fund tracking the MSCI World Index, while CSP1.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, EUNL.DE returned 12.99%/yr vs 14.86%/yr for CSP1.L. Their correlation of 0.84 suggests significant overlap in exposure. EUNL.DE charges 0.20%/yr vs 0.07%/yr for CSP1.L.
Performance
EUNL.DE vs. CSP1.L - Performance Comparison
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Different Trading Currencies
EUNL.DE is traded in EUR, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with EUNL.DE having a 9.95% return and CSP1.L slightly lower at 9.90%. Over the past 10 years, EUNL.DE has underperformed CSP1.L with an annualized return of 12.99%, while CSP1.L has yielded a comparatively higher 14.86% annualized return.
EUNL.DE
- 1D
- 1.66%
- 1M
- 1.52%
- YTD
- 9.95%
- 6M
- 11.17%
- 1Y
- 23.88%
- 3Y*
- 16.77%
- 5Y*
- 12.47%
- 10Y*
- 12.99%
CSP1.L
- 1D
- 1.37%
- 1M
- 0.52%
- YTD
- 9.90%
- 6M
- 10.98%
- 1Y
- 24.79%
- 3Y*
- 17.89%
- 5Y*
- 14.23%
- 10Y*
- 14.86%
EUNL.DE vs. CSP1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNL.DE iShares Core MSCI World UCITS ETF USD (Acc) | 9.95% | 7.91% | 25.93% | 20.12% | -13.59% | 32.72% | 5.48% | 31.35% | -5.13% | 7.71% |
CSP1.L iShares Core S&P 500 UCITS ETF | 9.90% | 3.67% | 33.49% | 22.33% | -13.74% | 39.60% | 7.48% | 34.46% | -1.22% | 6.46% |
Correlation
The correlation between EUNL.DE and CSP1.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.84 |
The correlation between EUNL.DE and CSP1.L has been stable across timeframes, ranging from 0.84 to 0.91 - a consistent structural relationship.
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Return for Risk
EUNL.DE vs. CSP1.L — Risk / Return Rank
EUNL.DE
CSP1.L
EUNL.DE vs. CSP1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) 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.
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.
| EUNL.DE | CSP1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.74 | 3.37 | +0.37 |
| Martin ratioReturn relative to average drawdown | 15.11 | 12.09 | +3.02 |
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Drawdowns
EUNL.DE vs. CSP1.L - Drawdown Comparison
The maximum EUNL.DE drawdown since its inception was -33.63%, roughly equal to the maximum CSP1.L drawdown of -32.91%. Use the drawdown chart below to compare losses from any high point for EUNL.DE and CSP1.L.
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Drawdown Indicators
| EUNL.DE | CSP1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -32.91% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | -7.17% | +0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -21.73% | -22.35% | +0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -21.73% | -22.35% | +0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -32.91% | -0.72% |
Current DrawdownCurrent decline from peak | -1.13% | -1.87% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -4.22% | -4.35% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 2.00% | -0.46% |
Volatility
EUNL.DE vs. CSP1.L - Volatility Comparison
iShares Core MSCI World UCITS ETF USD (Acc) (EUNL.DE) and iShares Core S&P 500 UCITS ETF (CSP1.L) have volatilities of 3.08% and 3.02%, 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
| EUNL.DE | CSP1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 3.02% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 7.72% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.31% | 11.51% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.18% | 20.58% | -6.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 18.89% | -3.73% |
EUNL.DE vs. CSP1.L - Expense Ratio Comparison
EUNL.DE has a 0.20% expense ratio, which is higher than CSP1.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EUNL.DE vs. CSP1.L - Dividend Comparison
Neither EUNL.DE nor CSP1.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, EUNL.DE 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 0.20% for EUNL.DE.
EUNL.DE is categorized as Global Equities, while CSP1.L is S&P 500. EUNL.DE tracks MSCI World Index, while CSP1.L tracks S&P 500 Index. Their fees differ too: 0.20% for EUNL.DE and 0.07% for CSP1.L.
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