INAA.L vs. CSP1.L
Compare and contrast key facts about iShares MSCI North America UCITS (INAA.L) and iShares Core S&P 500 UCITS ETF (CSP1.L).
INAA.L and CSP1.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. INAA.L is a passively managed fund by iShares that tracks the performance of the Russell 1000 TR USD. It was launched on Jun 2, 2006. CSP1.L 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 INAA.L and CSP1.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: INAA.L or CSP1.L.
Key characteristics
| INAA.L | CSP1.L | |
|---|---|---|
| YTD Return | 24.76% | 25.53% |
| 1Y Return | 31.52% | 31.75% |
| 3Y Return (Ann) | 10.52% | 11.68% |
| 5Y Return (Ann) | 15.20% | 15.71% |
| 10Y Return (Ann) | 14.71% | 15.31% |
| Sharpe Ratio | 2.79 | 2.81 |
| Sortino Ratio | 3.96 | 3.99 |
| Omega Ratio | 1.54 | 1.54 |
| Calmar Ratio | 4.89 | 4.99 |
| Martin Ratio | 19.87 | 19.84 |
| Ulcer Index | 1.56% | 1.58% |
| Daily Std Dev | 11.07% | 11.14% |
| Max Drawdown | -35.34% | -25.48% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between INAA.L and CSP1.L is 0.88, 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.
Performance
INAA.L vs. CSP1.L - Performance Comparison
The year-to-date returns for both investments are quite close, with INAA.L having a 24.76% return and CSP1.L slightly higher at 25.53%. Both investments have delivered pretty close results over the past 10 years, with INAA.L having a 14.71% annualized return and CSP1.L not far ahead at 15.31%. 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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INAA.L vs. CSP1.L - Expense Ratio Comparison
INAA.L has a 0.40% expense ratio, which is higher than CSP1.L's 0.07% expense ratio.
Risk-Adjusted Performance
INAA.L vs. CSP1.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI North America UCITS (INAA.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.
Dividends
INAA.L vs. CSP1.L - Dividend Comparison
INAA.L's dividend yield for the trailing twelve months is around 0.77%, while CSP1.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INAA.L iShares MSCI North America UCITS | 0.77% | 0.98% | 1.11% | 0.74% | 1.09% | 1.26% | 1.40% | 1.32% | 1.30% | 1.51% | 1.21% | 1.49% |
CSP1.L 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% |
Drawdowns
INAA.L vs. CSP1.L - Drawdown Comparison
The maximum INAA.L drawdown since its inception was -35.34%, which is greater than CSP1.L's maximum drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for INAA.L and CSP1.L. For additional features, visit the drawdowns tool.
Volatility
INAA.L vs. CSP1.L - Volatility Comparison
iShares MSCI North America UCITS (INAA.L) and iShares Core S&P 500 UCITS ETF (CSP1.L) have volatilities of 3.25% and 3.42%, 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.