IQQQ.DE vs. CSPX.L
IQQQ.DE (iShares Global Water UCITS ETF) and CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - IQQQ.DE is a Water Equities fund tracking the S&P Global Water, while CSPX.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IQQQ.DE returned 9.10%/yr vs 14.88%/yr for CSPX.L. A 0.67 correlation means they provide meaningful diversification when combined. IQQQ.DE charges 0.65%/yr vs 0.07%/yr for CSPX.L.
Performance
IQQQ.DE vs. CSPX.L - Performance Comparison
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Different Trading Currencies
IQQQ.DE is traded in EUR, while CSPX.L is traded in USD. To make them comparable, the CSPX.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IQQQ.DE achieves a -0.71% return, which is significantly lower than CSPX.L's 11.26% return. Over the past 10 years, IQQQ.DE has underperformed CSPX.L with an annualized return of 9.10%, while CSPX.L has yielded a comparatively higher 14.88% annualized return.
IQQQ.DE
- 1D
- -0.44%
- 1M
- -3.72%
- YTD
- -0.71%
- 6M
- -1.42%
- 1Y
- 1.94%
- 3Y*
- 6.09%
- 5Y*
- 5.32%
- 10Y*
- 9.10%
CSPX.L
- 1D
- -0.29%
- 1M
- 4.13%
- YTD
- 11.26%
- 6M
- 10.75%
- 1Y
- 25.33%
- 3Y*
- 18.87%
- 5Y*
- 14.71%
- 10Y*
- 14.88%
IQQQ.DE vs. CSPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQQ.DE iShares Global Water UCITS ETF | -0.71% | 5.27% | 10.22% | 9.85% | -16.58% | 42.81% | 4.77% | 38.59% | -6.82% | 11.64% |
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc) | 11.26% | 3.52% | 33.52% | 22.94% | -13.69% | 39.03% | 7.93% | 33.50% | -1.02% | 6.66% |
Correlation
The correlation between IQQQ.DE and CSPX.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2010 | 0.67 |
Over the past year, the correlation between IQQQ.DE and CSPX.L has dropped to 0.46 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
IQQQ.DE vs. CSPX.L — Risk / Return Rank
IQQQ.DE
CSPX.L
IQQQ.DE vs. CSPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water UCITS ETF (IQQQ.DE) 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.
| IQQQ.DE | CSPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.38 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 3.56 | -3.36 |
| Martin ratioReturn relative to average drawdown | 0.49 | 12.22 | -11.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IQQQ.DE | CSPX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 2.03 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.92 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 0.89 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.92 | -0.42 |
Drawdowns
IQQQ.DE vs. CSPX.L - Drawdown Comparison
The maximum IQQQ.DE drawdown since its inception was -48.04%, which is greater than CSPX.L's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for IQQQ.DE and CSPX.L.
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Drawdown Indicators
| IQQQ.DE | CSPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.04% | -33.40% | -14.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -7.09% | -1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -17.50% | -22.56% | +5.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.39% | -22.56% | -1.83% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -33.40% | -1.10% |
Current DrawdownCurrent decline from peak | -7.97% | -0.68% | -7.29% |
Average DrawdownAverage peak-to-trough decline | -7.76% | -4.11% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 2.07% | +1.44% |
Volatility
IQQQ.DE vs. CSPX.L - Volatility Comparison
iShares Global Water UCITS ETF (IQQQ.DE) has a higher volatility of 3.43% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) at 3.06%. This indicates that IQQQ.DE's price experiences larger fluctuations and is considered to be riskier than CSPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQQ.DE | CSPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 3.06% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 8.64% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.67% | 12.43% | -0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.47% | 15.95% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 16.62% | -1.43% |
IQQQ.DE vs. CSPX.L - Expense Ratio Comparison
IQQQ.DE has a 0.65% expense ratio, which is higher than CSPX.L's 0.07% expense ratio.
Dividends
IQQQ.DE vs. CSPX.L - Dividend Comparison
IQQQ.DE's dividend yield for the trailing twelve months is around 1.65%, 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% |
IQQQ.DE iShares Global Water UCITS ETF | 1.65% | 1.56% | 1.12% | 1.31% | 1.17% | 1.88% | 1.16% | 1.55% | 2.08% | 1.76% | 1.85% | 1.79% |
Frequently Asked Questions
IQQQ.DE and CSPX.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CSPX.L is cheaper with a 0.07% expense ratio, compared with 0.65% for IQQQ.DE.
IQQQ.DE is categorized as Water Equities, while CSPX.L is S&P 500. IQQQ.DE tracks S&P Global Water, while CSPX.L tracks S&P 500 Index. They also come from different issuers: iShares and BlackRock. Their fees differ too: 0.65% for IQQQ.DE and 0.07% for CSPX.L.
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