IEAC.AS vs. CSPX.AS
IEAC.AS (iShares Core € Corp Bond UCITS ETF) and CSPX.AS (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - IEAC.AS is a Corporate Bonds fund tracking the Bloomberg Euro Corporate Bond Index, while CSPX.AS is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IEAC.AS returned 1.02%/yr vs 14.96%/yr for CSPX.AS. At a 0.20 correlation, their price movements are largely independent. IEAC.AS charges 0.20%/yr vs 0.07%/yr for CSPX.AS.
Performance
IEAC.AS vs. CSPX.AS - Performance Comparison
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Returns By Period
In the year-to-date period, IEAC.AS achieves a 0.58% return, which is significantly lower than CSPX.AS's 11.52% return. Over the past 10 years, IEAC.AS has underperformed CSPX.AS with an annualized return of 1.02%, while CSPX.AS has yielded a comparatively higher 14.96% annualized return.
IEAC.AS
- 1D
- 0.10%
- 1M
- 0.34%
- YTD
- 0.58%
- 6M
- 0.54%
- 1Y
- 2.23%
- 3Y*
- 4.59%
- 5Y*
- 0.07%
- 10Y*
- 1.02%
CSPX.AS
- 1D
- -0.10%
- 1M
- 4.40%
- YTD
- 11.52%
- 6M
- 10.96%
- 1Y
- 25.56%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.96%
IEAC.AS vs. CSPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEAC.AS iShares Core € Corp Bond UCITS ETF | 0.58% | 3.05% | 4.40% | 7.74% | -13.63% | -1.02% | 2.55% | 6.29% | -1.52% | 2.20% |
CSPX.AS iShares Core S&P 500 UCITS ETF | 11.52% | 4.00% | 33.87% | 22.28% | -14.24% | 40.26% | 7.72% | 32.99% | -0.36% | 7.13% |
Correlation
The correlation between IEAC.AS and CSPX.AS is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 6, 2014 | 0.20 |
The correlation between IEAC.AS and CSPX.AS shifts across timeframes, from 0.20 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEAC.AS vs. CSPX.AS — Risk / Return Rank
IEAC.AS
CSPX.AS
IEAC.AS vs. CSPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core € Corp Bond UCITS ETF (IEAC.AS) and iShares Core S&P 500 UCITS ETF (CSPX.AS). 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.
| IEAC.AS | CSPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.42 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 3.57 | -2.80 |
| Martin ratioReturn relative to average drawdown | 2.68 | 12.76 | -10.08 |
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
| IEAC.AS | CSPX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 2.25 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.96 | -0.95 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.92 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.93 | -0.15 |
Drawdowns
IEAC.AS vs. CSPX.AS - Drawdown Comparison
The maximum IEAC.AS drawdown since its inception was -17.26%, smaller than the maximum CSPX.AS drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for IEAC.AS and CSPX.AS.
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Drawdown Indicators
| IEAC.AS | CSPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.26% | -33.65% | +16.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -7.11% | +4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -2.65% | -23.37% | +20.72% |
Max Drawdown (5Y)Largest decline over 5 years | -17.26% | -23.37% | +6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -17.26% | -33.65% | +16.39% |
Current DrawdownCurrent decline from peak | -0.99% | -0.40% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -2.73% | -4.28% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 2.00% | -1.24% |
Volatility
IEAC.AS vs. CSPX.AS - Volatility Comparison
The current volatility for iShares Core € Corp Bond UCITS ETF (IEAC.AS) is 1.15%, while iShares Core S&P 500 UCITS ETF (CSPX.AS) has a volatility of 2.59%. This indicates that IEAC.AS experiences smaller price fluctuations and is considered to be less risky than CSPX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEAC.AS | CSPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 2.59% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 7.37% | -4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.02% | 11.26% | -8.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 15.13% | -10.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.34% | 16.05% | -11.71% |
IEAC.AS vs. CSPX.AS - Expense Ratio Comparison
IEAC.AS has a 0.20% expense ratio, which is higher than CSPX.AS'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
IEAC.AS vs. CSPX.AS - Dividend Comparison
IEAC.AS's dividend yield for the trailing twelve months is around 3.33%, while CSPX.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSPX.AS 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% |
IEAC.AS iShares Core € Corp Bond UCITS ETF | 3.33% | 3.29% | 3.39% | 2.51% | 0.84% | 0.81% | 0.84% | 1.10% | 0.98% | 1.52% | 1.66% | 0.90% |
Frequently Asked Questions
IEAC.AS and CSPX.AS have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSPX.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSPX.AS is cheaper with a 0.07% expense ratio, compared with 0.20% for IEAC.AS.
IEAC.AS is categorized as Corporate Bonds, while CSPX.AS is S&P 500. IEAC.AS tracks Bloomberg Euro Corporate Bond Index, while CSPX.AS tracks S&P 500 Index. Their fees differ too: 0.20% for IEAC.AS and 0.07% for CSPX.AS.
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