IMAE.AS vs. CSPX.AS
Compare and contrast key facts about iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) and iShares Core S&P 500 UCITS ETF (CSPX.AS).
IMAE.AS and CSPX.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMAE.AS is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Sep 25, 2009. CSPX.AS is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 19, 2010. Both IMAE.AS and CSPX.AS 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: IMAE.AS or CSPX.AS.
Performance
IMAE.AS vs. CSPX.AS - Performance Comparison
Returns By Period
In the year-to-date period, IMAE.AS achieves a 7.85% return, which is significantly lower than CSPX.AS's 31.09% return. Over the past 10 years, IMAE.AS has underperformed CSPX.AS with an annualized return of 6.51%, while CSPX.AS has yielded a comparatively higher 14.32% annualized return.
IMAE.AS
7.85%
-4.17%
-3.29%
13.21%
7.15%
6.51%
CSPX.AS
31.09%
3.61%
14.56%
36.45%
15.91%
14.32%
Key characteristics
| IMAE.AS | CSPX.AS | |
|---|---|---|
| Sharpe Ratio | 1.24 | 2.88 |
| Sortino Ratio | 1.73 | 3.91 |
| Omega Ratio | 1.22 | 1.59 |
| Calmar Ratio | 1.78 | 4.21 |
| Martin Ratio | 6.92 | 18.77 |
| Ulcer Index | 1.85% | 1.86% |
| Daily Std Dev | 10.24% | 12.05% |
| Max Drawdown | -35.60% | -33.65% |
| Current Drawdown | -4.65% | -1.44% |
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IMAE.AS vs. CSPX.AS - Expense Ratio Comparison
IMAE.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%.
Correlation
The correlation between IMAE.AS and CSPX.AS is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IMAE.AS vs. CSPX.AS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.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.
Dividends
IMAE.AS vs. CSPX.AS - Dividend Comparison
Neither IMAE.AS nor CSPX.AS has paid dividends to shareholders.
Drawdowns
IMAE.AS vs. CSPX.AS - Drawdown Comparison
The maximum IMAE.AS drawdown since its inception was -35.60%, which is greater than CSPX.AS's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for IMAE.AS and CSPX.AS. For additional features, visit the drawdowns tool.
Volatility
IMAE.AS vs. CSPX.AS - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) has a higher volatility of 4.57% compared to iShares Core S&P 500 UCITS ETF (CSPX.AS) at 3.85%. This indicates that IMAE.AS's price experiences larger fluctuations and is considered to be riskier than CSPX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.