ITEB.L vs. CSP1.L
ITEB.L (iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist)) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - ITEB.L is a Government Bonds fund tracking the iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (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, ITEB.L returned 5.84%/yr vs 18.90%/yr for CSP1.L. At a 0.08 correlation, their price movements are largely independent.
Performance
ITEB.L vs. CSP1.L - Performance Comparison
Loading charts...
Different Trading Currencies
ITEB.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, ITEB.L achieves a 0.50% return, which is significantly lower than CSP1.L's 10.00% return.
ITEB.L
- 1D
- -0.18%
- 1M
- -0.57%
- 6M
- -0.22%
- YTD
- 0.50%
- 1Y
- 2.87%
- 3Y*
- 5.84%
- 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%
ITEB.L vs. CSP1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ITEB.L iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist) | 0.50% | 5.10% | 6.13% | 10.70% | 0.86% |
CSP1.L iShares Core S&P 500 UCITS ETF | 10.00% | 9.37% | 27.35% | 19.79% | -3.94% |
Correlation
The correlation between ITEB.L and CSP1.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022 | 0.08 |
The correlation between ITEB.L and CSP1.L shifts across timeframes, from 0.08 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ITEB.L vs. CSP1.L — Risk / Return Rank
ITEB.L
CSP1.L
ITEB.L vs. CSP1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist) (ITEB.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.
| ITEB.L | CSP1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.34 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 2.91 | -2.20 |
| Martin ratioReturn relative to average drawdown | 2.22 | 10.45 | -8.23 |
Loading charts...
Drawdowns
ITEB.L vs. CSP1.L - Drawdown Comparison
The maximum ITEB.L drawdown since its inception was -5.97%, smaller than the maximum CSP1.L drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for ITEB.L and CSP1.L.
Loading charts...
Drawdown Indicators
| ITEB.L | CSP1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.97% | -25.48% | +19.51% |
Max Drawdown (1Y)Largest decline over 1 year | -4.03% | -7.12% | +3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -20.77% | +16.74% |
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 | -1.61% | -1.06% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -3.64% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 1.99% | -0.70% |
Volatility
ITEB.L vs. CSP1.L - Volatility Comparison
The current volatility for iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist) (ITEB.L) is 1.12%, while iShares Core S&P 500 UCITS ETF (CSP1.L) has a volatility of 2.87%. This indicates that ITEB.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.
Loading charts...
Volatility by Period
| ITEB.L | CSP1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 2.87% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 4.19% | 7.83% | -3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.81% | 11.08% | -6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.19% | 20.05% | -13.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.19% | 18.33% | -12.14% |
Dividends
ITEB.L vs. CSP1.L - Dividend Comparison
ITEB.L's dividend yield for the trailing twelve months is around 2.87%, while CSP1.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CSP1.L iShares Core S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
ITEB.L iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist) | 2.87% | 2.81% | 2.58% | 2.25% |
Frequently Asked Questions
ITEB.L and CSP1.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITEB.L is categorized as Government Bonds, while CSP1.L is S&P 500. ITEB.L tracks iShares V PLC - iShares Italy Govt Bond UCITS ETF EUR (Dist), while CSP1.L tracks S&P 500 Index.
Find the right allocation for ITEB.L and CSP1.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer