ISX5.L vs. CSPX.AS
ISX5.L (iShares Core EURO STOXX 50 UCITS ETF) and CSPX.AS (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - ISX5.L is a Europe Equities fund tracking the MSCI EMU NR EUR, while CSPX.AS is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ISX5.L returned 13.05%/yr vs 15.23%/yr for CSPX.AS. A 0.64 correlation means they provide meaningful diversification when combined. ISX5.L charges 0.00%/yr vs 0.07%/yr for CSPX.AS.
Performance
ISX5.L vs. CSPX.AS - Performance Comparison
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Different Trading Currencies
ISX5.L is traded in USD, while CSPX.AS is traded in EUR. To make them comparable, the CSPX.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ISX5.L achieves a 7.24% return, which is significantly lower than CSPX.AS's 8.32% return. Over the past 10 years, ISX5.L has underperformed CSPX.AS with an annualized return of 13.05%, while CSPX.AS has yielded a comparatively higher 15.23% annualized return.
ISX5.L
- 1D
- 2.46%
- 1M
- 3.59%
- YTD
- 7.24%
- 6M
- 8.56%
- 1Y
- 19.84%
- 3Y*
- 18.31%
- 5Y*
- 10.63%
- 10Y*
- 13.05%
CSPX.AS
- 1D
- 1.44%
- 1M
- -0.86%
- YTD
- 8.32%
- 6M
- 9.47%
- 1Y
- 24.93%
- 3Y*
- 20.69%
- 5Y*
- 13.19%
- 10Y*
- 15.23%
ISX5.L vs. CSPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISX5.L iShares Core EURO STOXX 50 UCITS ETF | 7.24% | 37.35% | 4.59% | 26.91% | -13.63% | 13.94% | 6.81% | 25.61% | 1.58% | 9.70% |
CSPX.AS iShares Core S&P 500 UCITS ETF | 8.32% | 17.97% | 25.59% | 26.14% | -19.39% | 30.70% | 17.25% | 30.40% | -5.01% | 22.28% |
Correlation
The correlation between ISX5.L and CSPX.AS is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.64 |
The correlation between ISX5.L and CSPX.AS has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.
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Return for Risk
ISX5.L vs. CSPX.AS — Risk / Return Rank
ISX5.L
CSPX.AS
ISX5.L vs. CSPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) 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.
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.
| ISX5.L | CSPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 2.80 | -1.41 |
| Martin ratioReturn relative to average drawdown | 4.69 | 11.63 | -6.94 |
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Drawdowns
ISX5.L vs. CSPX.AS - Drawdown Comparison
The maximum ISX5.L drawdown since its inception was -38.62%, which is greater than CSPX.AS's maximum drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for ISX5.L and CSPX.AS.
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Drawdown Indicators
| ISX5.L | CSPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.62% | -34.12% | -4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -12.92% | -8.56% | -4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -19.52% | +4.16% |
Max Drawdown (5Y)Largest decline over 5 years | -34.86% | -24.42% | -10.44% |
Max Drawdown (10Y)Largest decline over 10 years | -38.62% | -34.12% | -4.50% |
Current DrawdownCurrent decline from peak | -0.19% | -2.30% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -3.71% | -4.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.07% | +1.78% |
Volatility
ISX5.L vs. CSPX.AS - Volatility Comparison
iShares Core EURO STOXX 50 UCITS ETF (ISX5.L) has a higher volatility of 5.29% compared to iShares Core S&P 500 UCITS ETF (CSPX.AS) at 3.33%. This indicates that ISX5.L'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.
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Volatility by Period
| ISX5.L | CSPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 3.33% | +1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 15.25% | 8.33% | +6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.30% | 11.57% | +6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.91% | 15.88% | +6.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.97% | 16.31% | +5.66% |
ISX5.L vs. CSPX.AS - Expense Ratio Comparison
ISX5.L has a 0.00% expense ratio, which is lower than CSPX.AS's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ISX5.L vs. CSPX.AS - Dividend Comparison
Neither ISX5.L nor CSPX.AS has paid dividends to shareholders.
Frequently Asked Questions
ISX5.L and CSPX.AS have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ISX5.L is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ISX5.L is cheaper with a 0.00% expense ratio, compared with 0.07% for CSPX.AS.
ISX5.L is categorized as Europe Equities, while CSPX.AS is S&P 500. ISX5.L tracks MSCI EMU NR EUR, while CSPX.AS tracks S&P 500 Index. Their fees differ too: 0.00% for ISX5.L and 0.07% for CSPX.AS.
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