IGF vs. CSPX.L

Last updated Jun 13, 2026

IGF (iShares Global Infrastructure ETF) and CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index, while CSPX.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IGF returned 8.67%/yr vs 15.24%/yr for CSPX.L. At a 0.37 correlation, their price movements are largely independent. IGF charges 0.39%/yr vs 0.07%/yr for CSPX.L.

Performance

IGF vs. CSPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Infrastructure ETF (IGF) 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, IGF achieves a 9.68% return, which is significantly higher than CSPX.L's 8.40% return. Over the past 10 years, IGF has underperformed CSPX.L with an annualized return of 8.67%, while CSPX.L has yielded a comparatively higher 15.24% annualized return.

IGF

• 1D: 0.67%
• 1M: 0.31%
• YTD: 9.68%
• 6M: 10.24%
• 1Y: 16.24%
• 3Y*: 16.28%
• 5Y*: 10.22%
• 10Y*: 8.67%

CSPX.L

• 1D: 2.02%
• 1M: 0.42%
• YTD: 8.40%
• 6M: 9.68%
• 1Y: 24.50%
• 3Y*: 20.75%
• 5Y*: 13.23%
• 10Y*: 15.24%

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

IGF vs. CSPX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGF iShares Global Infrastructure ETF	9.68%	21.31%	14.81%	6.14%	-1.26%	11.57%	-6.50%	25.82%	-9.95%	19.31%
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%	30.55%	-5.46%	21.60%

Correlation

The correlation between IGF and CSPX.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Sep 15, 2010	0.37

The correlation between IGF and CSPX.L shifts across timeframes, from 0.22 (3 years) to 0.37 (all time), reflecting how their relationship changes across market environments.

IGF vs. CSPX.L - Sectors Allocation Comparison

Sectors	IGF	CSPX.L
Utilities	41.1%	2.2%
Industrials	38.8%	7.9%
Energy	20.1%	3.2%
Real Estate	0.1%	1.9%
Basic Materials	-	1.7%
Communication Services	-	10.9%
Consumer Cyclical	-	10.0%
Consumer Defensive	-	4.7%
Financial Services	-	11.1%
Healthcare	-	8.3%
Technology	-	38.2%

Return for Risk

IGF vs. CSPX.L — Risk / Return Rank

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

IGF

IGF Risk / Return Rank: 54
IGF Sharpe Ratio Rank: 51
IGF Sortino Ratio Rank: 52
IGF Omega Ratio Rank: 49
IGF Calmar Ratio Rank: 64
IGF Martin Ratio Rank: 53

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.

IGF vs. CSPX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) 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.

	IGF	CSPX.L	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.03	-0.48
Sortino ratio: Return per unit of downside risk	2.22	3.00	-0.78
Omega ratio: Gain probability vs. loss probability	1.27	1.36	-0.09
Calmar ratio: Return relative to maximum drawdown	2.78	2.98	-0.20
Martin ratio: Return relative to average drawdown	8.03	12.45	-4.42

IGF vs. CSPX.L - Sharpe Ratio Comparison

The current IGF Sharpe Ratio is 1.55, which is comparable to the CSPX.L Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of IGF 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

IGF vs. CSPX.L - Drawdown Comparison

The maximum IGF drawdown since its inception was -58.33%, 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 IGF and CSPX.L.

Drawdown Indicators

	IGF	CSPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-58.33%	-33.90%	-24.43%
Max Drawdown (1Y) Largest decline over 1 year	-5.87%	-8.17%	+2.30%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-18.50%	+4.22%
Max Drawdown (5Y) Largest decline over 5 years	-20.83%	-24.39%	+3.56%
Max Drawdown (10Y) Largest decline over 10 years	-42.11%	-33.90%	-8.21%
Current Drawdown Current decline from peak	-2.98%	-2.27%	-0.71%
Average Drawdown Average peak-to-trough decline	-11.86%	-3.72%	-8.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.96%	+0.08%

Volatility

IGF vs. CSPX.L - Volatility Comparison

iShares Global Infrastructure ETF (IGF) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) have volatilities of 3.85% and 4.01%, 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.

Volatility by Period

	IGF	CSPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	4.01%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	8.73%	9.03%	-0.30%
Volatility (1Y) Calculated over the trailing 1-year period	10.58%	12.04%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.00%	16.03%	-2.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.83%	16.22%	+0.61%

IGF vs. CSPX.L - Expense Ratio Comparison

IGF has a 0.39% expense ratio, which is higher than CSPX.L's 0.07% expense ratio.

Dividends

IGF vs. CSPX.L - Dividend Comparison

IGF's dividend yield for the trailing twelve months is around 2.94%, while CSPX.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IGF iShares Global Infrastructure ETF	2.94%	3.23%	3.21%	3.36%	2.67%	2.42%	2.33%	3.27%	3.52%	2.95%	2.98%	3.25%

Frequently Asked Questions

Can I hold both IGF and CSPX.L in my portfolio?

IGF and CSPX.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGF or CSPX.L?

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.

Which ETF is cheaper, IGF or CSPX.L?

CSPX.L is cheaper with a 0.07% expense ratio, compared with 0.39% for IGF.

What is the main difference between IGF and CSPX.L?

IGF is categorized as Industrials Equities, while CSPX.L is S&P 500. IGF tracks S&P Global Infrastructure Index, while CSPX.L tracks S&P 500 Index. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.39% for IGF and 0.07% for CSPX.L.