IUQA.L vs. CSPX.AS
IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) and CSPX.AS (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - IUQA.L is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index, while CSPX.AS is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, IUQA.L returned 11.91%/yr vs 13.71%/yr for CSPX.AS. Their correlation of 0.88 suggests significant overlap in exposure. IUQA.L charges 0.20%/yr vs 0.07%/yr for CSPX.AS.
Performance
IUQA.L vs. CSPX.AS - Performance Comparison
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Different Trading Currencies
IUQA.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, IUQA.L achieves a 8.81% return, which is significantly lower than CSPX.AS's 10.24% return.
IUQA.L
- 1D
- 0.80%
- 1M
- 3.63%
- YTD
- 8.81%
- 6M
- 9.17%
- 1Y
- 21.44%
- 3Y*
- 19.71%
- 5Y*
- 11.91%
- 10Y*
- —
CSPX.AS
- 1D
- 0.01%
- 1M
- 3.18%
- YTD
- 10.24%
- 6M
- 10.64%
- 1Y
- 27.39%
- 3Y*
- 22.11%
- 5Y*
- 13.71%
- 10Y*
- 15.22%
IUQA.L vs. CSPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 8.81% | 12.50% | 22.46% | 30.92% | -20.74% | 27.56% | 16.09% | 33.32% | -6.99% | 22.18% |
CSPX.AS iShares Core S&P 500 UCITS ETF | 10.24% | 17.97% | 25.59% | 26.14% | -19.39% | 30.70% | 17.25% | 30.40% | -5.01% | 22.28% |
Correlation
The correlation between IUQA.L and CSPX.AS is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 18, 2016 | 0.88 |
The correlation between IUQA.L and CSPX.AS has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
IUQA.L vs. CSPX.AS — Risk / Return Rank
IUQA.L
CSPX.AS
IUQA.L vs. CSPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.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.
| IUQA.L | CSPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 3.21 | -0.49 |
| Martin ratioReturn relative to average drawdown | 11.68 | 13.64 | -1.95 |
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
| IUQA.L | CSPX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 2.43 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.85 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.85 | +0.02 |
Drawdowns
IUQA.L vs. CSPX.AS - Drawdown Comparison
The maximum IUQA.L drawdown since its inception was -33.96%, roughly equal to the maximum CSPX.AS drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for IUQA.L and CSPX.AS.
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Drawdown Indicators
| IUQA.L | CSPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.96% | -34.12% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.99% | -8.56% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -18.04% | -19.52% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -24.42% | -3.35% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.57% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -4.87% | -4.11% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.03% | -0.17% |
Volatility
IUQA.L vs. CSPX.AS - Volatility Comparison
iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) and iShares Core S&P 500 UCITS ETF (CSPX.AS) have volatilities of 2.78% and 2.79%, 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.
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Volatility by Period
| IUQA.L | CSPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.79% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.27% | 7.96% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 11.30% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.29% | 15.84% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 16.30% | +0.41% |
IUQA.L vs. CSPX.AS - Expense Ratio Comparison
IUQA.L has a 0.20% expense ratio, which is higher than CSPX.AS's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IUQA.L vs. CSPX.AS - Dividend Comparison
Neither IUQA.L nor CSPX.AS has paid dividends to shareholders.
Frequently Asked Questions
IUQA.L and CSPX.AS have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSPX.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSPX.AS is cheaper with a 0.07% expense ratio, compared with 0.20% for IUQA.L.
IUQA.L is categorized as Large Cap Blend Equities, while CSPX.AS is S&P 500. IUQA.L tracks MSCI USA Sector Neutral Quality Index, while CSPX.AS tracks S&P 500 Index. Their fees differ too: 0.20% for IUQA.L and 0.07% for CSPX.AS.
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