IMGP.L vs. CSP1.L
IMGP.L (iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist)) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - IMGP.L is a Global Equities fund tracking the iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist), while CSP1.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, IMGP.L returned 3.56%/yr vs 18.90%/yr for CSP1.L. At a correlation of -0.01, they often move in opposite directions.
Performance
IMGP.L vs. CSP1.L - Performance Comparison
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Different Trading Currencies
IMGP.L is traded in GBP, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IMGP.L achieves a 0.24% return, which is significantly lower than CSP1.L's 10.00% return.
IMGP.L
- 1D
- 0.20%
- 1M
- -0.35%
- 6M
- -0.35%
- YTD
- 0.24%
- 1Y
- 5.40%
- 3Y*
- 3.56%
- 5Y*
- —
- 10Y*
- —
CSP1.L
- 1D
- -0.49%
- 1M
- -0.38%
- 6M
- 9.59%
- YTD
- 10.00%
- 1Y
- 20.84%
- 3Y*
- 18.90%
- 5Y*
- 13.53%
- 10Y*
- 14.69%
IMGP.L vs. CSP1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IMGP.L iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) | 0.24% | 8.06% | 0.85% | 2.81% | 2.83% |
CSP1.L iShares Core S&P 500 UCITS ETF | 10.00% | 9.37% | 27.35% | 19.79% | -5.47% |
Correlation
The correlation between IMGP.L and CSP1.L is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2022 | -0.01 |
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Return for Risk
IMGP.L vs. CSP1.L — Risk / Return Rank
IMGP.L
CSP1.L
IMGP.L vs. CSP1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.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.
| IMGP.L | CSP1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 2.91 | -1.17 |
| Martin ratioReturn relative to average drawdown | 5.37 | 10.45 | -5.08 |
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Drawdowns
IMGP.L vs. CSP1.L - Drawdown Comparison
The maximum IMGP.L drawdown since its inception was -9.76%, smaller than the maximum CSP1.L drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for IMGP.L and CSP1.L.
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Drawdown Indicators
| IMGP.L | CSP1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.76% | -25.48% | +15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -3.09% | -7.12% | +4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -20.77% | +13.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.77% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.48% | — |
Current DrawdownCurrent decline from peak | -1.50% | -1.06% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -2.14% | -3.64% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 1.99% | -0.99% |
Volatility
IMGP.L vs. CSP1.L - Volatility Comparison
The current volatility for iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) (IMGP.L) is 1.41%, while iShares Core S&P 500 UCITS ETF (CSP1.L) has a volatility of 2.87%. This indicates that IMGP.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
| IMGP.L | CSP1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 2.87% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 3.28% | 7.83% | -4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.19% | 11.08% | -6.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.91% | 20.05% | -13.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.91% | 18.33% | -11.42% |
Dividends
IMGP.L vs. CSP1.L - Dividend Comparison
IMGP.L's dividend yield for the trailing twelve months is around 3.71%, while CSP1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IMGP.L iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist) | 3.71% | 3.50% | 3.55% | 3.15% | 0.38% |
Frequently Asked Questions
IMGP.L and CSP1.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IMGP.L is categorized as Global Equities, while CSP1.L is S&P 500. IMGP.L tracks iShares US Mortgage Backed Securities UCITS ETF GBP Hedged (Dist), while CSP1.L tracks S&P 500 Index.
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