IGLO.L vs. CSPX.L
Compare and contrast key facts about iShares Global Government Bond UCITS (IGLO.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L).
IGLO.L and CSPX.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLO.L is a passively managed fund by iShares that tracks the performance of the Bloomberg Global Aggregate TR USD. It was launched on Mar 6, 2009. CSPX.L is a passively managed fund by Blackrock Financial Management that tracks the performance of the S&P 500 Index. It was launched on May 18, 2010. Both IGLO.L and CSPX.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGLO.L or CSPX.L.
Key characteristics
IGLO.L | CSPX.L | |
---|---|---|
YTD Return | 2.55% | 18.54% |
1Y Return | 8.42% | 26.61% |
3Y Return (Ann) | -5.34% | 9.47% |
5Y Return (Ann) | -2.21% | 14.81% |
10Y Return (Ann) | -0.33% | 12.61% |
Sharpe Ratio | 1.16 | 2.26 |
Daily Std Dev | 7.62% | 12.21% |
Max Drawdown | -28.01% | -33.90% |
Current Drawdown | -18.29% | -0.31% |
Correlation
The correlation between IGLO.L and CSPX.L is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
IGLO.L vs. CSPX.L - Performance Comparison
In the year-to-date period, IGLO.L achieves a 2.55% return, which is significantly lower than CSPX.L's 18.54% return. Over the past 10 years, IGLO.L has underperformed CSPX.L with an annualized return of -0.33%, while CSPX.L has yielded a comparatively higher 12.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGLO.L vs. CSPX.L - Expense Ratio Comparison
IGLO.L has a 0.20% expense ratio, which is higher than CSPX.L'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%.
Risk-Adjusted Performance
IGLO.L vs. CSPX.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Government Bond UCITS (IGLO.L) 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.
Dividends
IGLO.L vs. CSPX.L - Dividend Comparison
IGLO.L's dividend yield for the trailing twelve months is around 2.36%, while CSPX.L has not paid dividends to shareholders.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
iShares Global Government Bond UCITS | 2.36% | 1.47% | 0.78% | 0.63% | 0.99% | 1.21% | 1.07% | 0.93% | 1.09% | 0.60% | 1.52% | 1.39% |
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% |
Drawdowns
IGLO.L vs. CSPX.L - Drawdown Comparison
The maximum IGLO.L drawdown since its inception was -28.01%, smaller than the maximum CSPX.L drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for IGLO.L and CSPX.L. For additional features, visit the drawdowns tool.
Volatility
IGLO.L vs. CSPX.L - Volatility Comparison
The current volatility for iShares Global Government Bond UCITS (IGLO.L) is 2.13%, while iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) has a volatility of 4.14%. This indicates that IGLO.L experiences smaller price fluctuations and is considered to be less risky than CSPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.