IDNA.L vs. CSP1.L
IDNA.L (iShares MSCI North America UCITS ETF) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - IDNA.L is a Global Equities fund tracking the iShares MSCI North America UCITS ETF, while CSP1.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IDNA.L returned 14.35%/yr vs 15.00%/yr for CSP1.L. Their correlation of 0.86 suggests significant overlap in exposure. IDNA.L charges 0.40%/yr vs 0.07%/yr for CSP1.L.
Performance
IDNA.L vs. CSP1.L - Performance Comparison
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Different Trading Currencies
IDNA.L is traded in USD, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IDNA.L having a 10.19% return and CSP1.L slightly higher at 10.64%. Both investments have delivered pretty close results over the past 10 years, with IDNA.L having a 14.35% annualized return and CSP1.L not far ahead at 15.00%.
IDNA.L
- 1D
- 0.17%
- 1M
- 0.35%
- 6M
- 9.68%
- YTD
- 10.19%
- 1Y
- 21.59%
- 3Y*
- 19.80%
- 5Y*
- 12.29%
- 10Y*
- 14.35%
CSP1.L
- 1D
- 0.64%
- 1M
- 0.52%
- 6M
- 10.36%
- YTD
- 10.64%
- 1Y
- 22.24%
- 3Y*
- 20.23%
- 5Y*
- 13.16%
- 10Y*
- 15.00%
IDNA.L vs. CSP1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDNA.L iShares MSCI North America UCITS ETF | 10.19% | 17.55% | 24.50% | 26.38% | -19.84% | 27.07% | 19.54% | 30.25% | -6.70% | 21.02% |
CSP1.L iShares Core S&P 500 UCITS ETF | 10.64% | 17.63% | 25.22% | 26.11% | -18.77% | 29.88% | 17.14% | 31.49% | -5.65% | 21.38% |
Correlation
The correlation between IDNA.L 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 | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.86 |
The correlation between IDNA.L and CSP1.L has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
IDNA.L vs. CSP1.L — Risk / Return Rank
IDNA.L
CSP1.L
IDNA.L vs. CSP1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS ETF (IDNA.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.
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.
| IDNA.L | CSP1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.55 | +0.11 |
| Martin ratioReturn relative to average drawdown | 10.76 | 10.42 | +0.35 |
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Drawdowns
IDNA.L vs. CSP1.L - Drawdown Comparison
The maximum IDNA.L drawdown since its inception was -56.08%, which is greater than CSP1.L's maximum drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for IDNA.L and CSP1.L.
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Drawdown Indicators
| IDNA.L | CSP1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.08% | -33.51% | -22.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -8.68% | +0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.54% | -19.33% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -25.16% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -34.62% | -33.51% | -1.11% |
Current DrawdownCurrent decline from peak | -0.37% | -0.22% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -4.07% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.13% | -0.06% |
Volatility
IDNA.L vs. CSP1.L - Volatility Comparison
The current volatility for iShares MSCI North America UCITS ETF (IDNA.L) is 2.95%, while iShares Core S&P 500 UCITS ETF (CSP1.L) has a volatility of 3.12%. This indicates that IDNA.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
| IDNA.L | CSP1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 3.12% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.26% | 8.66% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.07% | 11.64% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.18% | 20.99% | -4.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.20% | 18.84% | -2.64% |
IDNA.L vs. CSP1.L - Expense Ratio Comparison
IDNA.L has a 0.40% expense ratio, which is higher than CSP1.L's 0.07% expense ratio.
Dividends
IDNA.L vs. CSP1.L - Dividend Comparison
IDNA.L's dividend yield for the trailing twelve months is around 0.60%, while CSP1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDNA.L iShares MSCI North America UCITS ETF | 0.60% | 0.66% | 0.77% | 0.96% | 1.13% | 0.76% | 1.03% | 1.23% | 1.45% | 1.27% | 1.42% | 1.56% |
Frequently Asked Questions
With a correlation of 0.91, IDNA.L 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 0.40% for IDNA.L.
IDNA.L is categorized as Global Equities, while CSP1.L is S&P 500. IDNA.L tracks iShares MSCI North America UCITS ETF, while CSP1.L tracks S&P 500 Index. Their fees differ too: 0.40% for IDNA.L and 0.07% for CSP1.L.
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