EXUS vs. CSPX.L
EXUS (Macquarie Focused International Core ETF) and CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - EXUS is a Foreign Large Cap Equities fund managed by Macquarie, while CSPX.L is a S&P 500 fund tracking the S&P 500 Index. Over the past year, EXUS returned 9.21% vs 23.01% for CSPX.L. At a 0.47 correlation, their price movements are largely independent. EXUS charges 0.59%/yr vs 0.07%/yr for CSPX.L.
Performance
EXUS vs. CSPX.L - Performance Comparison
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Returns By Period
In the year-to-date period, EXUS achieves a 8.02% return, which is significantly lower than CSPX.L's 10.36% return.
EXUS
- 1D
- -1.71%
- 1M
- -0.12%
- 6M
- 3.85%
- YTD
- 8.02%
- 1Y
- 9.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CSPX.L
- 1D
- 0.11%
- 1M
- 0.38%
- 6M
- 9.07%
- YTD
- 10.36%
- 1Y
- 23.01%
- 3Y*
- 20.06%
- 5Y*
- 13.03%
- 10Y*
- 14.89%
EXUS vs. CSPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EXUS Macquarie Focused International Core ETF | 8.02% | 3.87% |
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc) | 10.36% | 15.25% |
Correlation
The correlation between EXUS and CSPX.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025 | 0.47 |
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Return for Risk
EXUS vs. CSPX.L — Risk / Return Rank
EXUS
CSPX.L
EXUS vs. CSPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Macquarie Focused International Core ETF (EXUS) 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.
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.
| EXUS | CSPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.34 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 2.80 | -2.20 |
| Martin ratioReturn relative to average drawdown | 2.13 | 11.32 | -9.19 |
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Drawdowns
EXUS vs. CSPX.L - Drawdown Comparison
The maximum EXUS drawdown since its inception was -15.28%, smaller than the maximum CSPX.L drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for EXUS and CSPX.L.
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Drawdown Indicators
| EXUS | CSPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.28% | -33.90% | +18.62% |
Max Drawdown (1Y)Largest decline over 1 year | -15.28% | -8.17% | -7.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -2.73% | -0.49% | -2.24% |
Average DrawdownAverage peak-to-trough decline | -2.92% | -3.71% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 2.03% | +2.30% |
Volatility
EXUS vs. CSPX.L - Volatility Comparison
Macquarie Focused International Core ETF (EXUS) has a higher volatility of 6.49% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) at 2.78%. This indicates that EXUS's price experiences larger fluctuations and is considered to be riskier than CSPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXUS | CSPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 2.78% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 17.25% | 9.23% | +8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 12.10% | +7.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.11% | 16.06% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.11% | 16.16% | +2.95% |
EXUS vs. CSPX.L - Expense Ratio Comparison
EXUS has a 0.59% expense ratio, which is higher than CSPX.L's 0.07% expense ratio.
Dividends
EXUS vs. CSPX.L - Dividend Comparison
EXUS's dividend yield for the trailing twelve months is around 0.03%, while CSPX.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc) | 0.00% | 0.00% |
EXUS Macquarie Focused International Core ETF | 0.03% | 0.03% |
Frequently Asked Questions
EXUS and CSPX.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.59% for EXUS.
EXUS is categorized as Foreign Large Cap Equities, while CSPX.L is S&P 500. They also come from different issuers: Macquarie and BlackRock. Their fees differ too: 0.59% for EXUS and 0.07% for CSPX.L.
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