HBAR-USD vs. CSPX.L

Last updated Jun 14, 2026

HBAR-USD (HederaHashgraph) is a cryptocurrency, while CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, HBAR-USD returned -16.92%/yr vs 13.23%/yr for CSPX.L. At a 0.16 correlation, their price movements are largely independent.

Performance

HBAR-USD vs. CSPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HederaHashgraph (HBAR-USD) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HBAR-USD achieves a -26.14% return, which is significantly lower than CSPX.L's 8.40% return.

HBAR-USD

• 1D: 0.30%
• 1M: -17.44%
• YTD: -26.14%
• 6M: -36.26%
• 1Y: -50.71%
• 3Y*: 20.01%
• 5Y*: -16.92%
• 10Y*: —

CSPX.L

• 1D: 2.02%
• 1M: -0.83%
• YTD: 8.40%
• 6M: 9.68%
• 1Y: 24.86%
• 3Y*: 20.75%
• 5Y*: 13.23%
• 10Y*: 15.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

HBAR-USD vs. CSPX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HBAR-USD HederaHashgraph	-26.14%	-60.44%	212.23%	135.51%	-87.44%	812.76%	211.49%	-97.54%
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc)	8.40%	17.45%	25.25%	26.74%	-18.72%	29.35%	17.62%	8.00%

Correlation

The correlation between HBAR-USD and CSPX.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 17, 2019	0.16

Return for Risk

HBAR-USD vs. CSPX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HBAR-USD

HBAR-USD Risk / Return Rank: 61
HBAR-USD Sharpe Ratio Rank: 56
HBAR-USD Sortino Ratio Rank: 58
HBAR-USD Omega Ratio Rank: 58
HBAR-USD Calmar Ratio Rank: 65
HBAR-USD Martin Ratio Rank: 69

CSPX.L

CSPX.L Risk / Return Rank: 73
CSPX.L Sharpe Ratio Rank: 73
CSPX.L Sortino Ratio Rank: 78
CSPX.L Omega Ratio Rank: 72
CSPX.L Calmar Ratio Rank: 68
CSPX.L Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HBAR-USD vs. CSPX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HederaHashgraph (HBAR-USD) 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.

	HBAR-USD	CSPX.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	2.03	-2.68
Sortino ratio: Return per unit of downside risk	-0.80	3.00	-3.80
Omega ratio: Gain probability vs. loss probability	0.93	1.36	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.69	2.98	-3.68
Martin ratio: Return relative to average drawdown	-0.98	12.45	-13.43

HBAR-USD vs. CSPX.L - Sharpe Ratio Comparison

The current HBAR-USD Sharpe Ratio is -0.65, which is lower than the CSPX.L Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of HBAR-USD and CSPX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HBAR-USD vs. CSPX.L - Drawdown Comparison

The maximum HBAR-USD drawdown since its inception was -97.58%, which is greater than CSPX.L's maximum drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for HBAR-USD and CSPX.L.

Drawdown Indicators

	HBAR-USD	CSPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-97.58%	-33.90%	-63.68%
Max Drawdown (1Y) Largest decline over 1 year	-73.39%	-8.17%	-65.22%
Max Drawdown (3Y) Largest decline over 3 years	-79.29%	-18.50%	-60.79%
Max Drawdown (5Y) Largest decline over 5 years	-92.79%	-24.39%	-68.40%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-84.50%	-2.27%	-82.23%
Average Drawdown Average peak-to-trough decline	-74.51%	-3.72%	-70.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.80%	1.96%	+49.84%

Volatility

HBAR-USD vs. CSPX.L - Volatility Comparison

HederaHashgraph (HBAR-USD) has a higher volatility of 16.33% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) at 4.01%. This indicates that HBAR-USD'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.

Volatility by Period

	HBAR-USD	CSPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.33%	4.01%	+12.32%
Volatility (6M) Calculated over the trailing 6-month period	43.30%	9.03%	+34.27%
Volatility (1Y) Calculated over the trailing 1-year period	65.06%	12.04%	+53.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.17%	16.03%	+69.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	108.57%	16.22%	+92.35%

Frequently Asked Questions

Can I hold both HBAR-USD and CSPX.L in my portfolio?

HBAR-USD and CSPX.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.