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IUQD.L vs. CSP1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUQD.L vs. CSP1.L

Last updated Jun 5, 2026

IUQD.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist)) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - IUQD.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while CSP1.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, IUQD.L returned 11.94%/yr vs 13.73%/yr for CSP1.L. Their correlation of 0.91 suggests significant overlap in exposure. IUQD.L charges 0.20%/yr vs 0.07%/yr for CSP1.L.

Performance

IUQD.L vs. CSP1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist) (IUQD.L) and iShares Core S&P 500 UCITS ETF (CSP1.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IUQD.L is traded in USD, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IUQD.L achieves a 8.85% return, which is significantly lower than CSP1.L's 10.28% return.

IUQD.L

1D
0.85%
1M
4.85%
YTD
8.85%
6M
9.69%
1Y
21.93%
3Y*
19.75%
5Y*
11.94%
10Y*
—

CSP1.L

1D
0.10%
1M
4.65%
YTD
10.28%
6M
11.29%
1Y
27.90%
3Y*
22.09%
5Y*
13.73%
10Y*
15.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUQD.L vs. CSP1.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IUQD.L
iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist)		8.85%12.64%22.37%30.89%-20.80%27.69%16.03%33.32%-7.48%
CSP1.L
iShares Core S&P 500 UCITS ETF		10.28%17.63%25.22%26.11%-18.77%29.88%17.14%31.49%-6.89%

Correlation

The correlation between IUQD.L and CSP1.L is 0.87, 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

0.87

Correlation (3Y)
Calculated over the trailing 3-year period

0.89

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2018

0.91

The correlation between IUQD.L and CSP1.L has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

IUQD.L vs. CSP1.L - Sectors Allocation Comparison

Sectors
IUQD.L
CSP1.L

Technology

36.5%
38.0%

Financial Services

11.5%
11.3%

Communication Services

11.1%
10.7%

Consumer Cyclical

9.4%
9.9%

Healthcare

9.0%
8.4%

Industrials

8.2%
7.9%

Consumer Defensive

4.9%
4.7%

Energy

4.0%
3.4%

Utilities

1.9%
2.2%

Real Estate

1.8%
1.9%

Basic Materials

1.7%
1.7%

Technology

IUQD.L
36.5%
CSP1.L
38.0%

Financial Services

IUQD.L
11.5%
CSP1.L
11.3%

Communication Services

IUQD.L
11.1%
CSP1.L
10.7%

Consumer Cyclical

IUQD.L
9.4%
CSP1.L
9.9%

Healthcare

IUQD.L
9.0%
CSP1.L
8.4%

Industrials

IUQD.L
8.2%
CSP1.L
7.9%

Consumer Defensive

IUQD.L
4.9%
CSP1.L
4.7%

Energy

IUQD.L
4.0%
CSP1.L
3.4%

Utilities

IUQD.L
1.9%
CSP1.L
2.2%

Real Estate

IUQD.L
1.8%
CSP1.L
1.9%

Basic Materials

IUQD.L
1.7%
CSP1.L
1.7%

Compare stocks, funds, or ETFs

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iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist)

iShares Core S&P 500 UCITS ETF

Often compared with IUQD.L:
IUQD.L vs. XZEW.DEIUQD.L vs. QUALIUQD.L vs. VWRP.LIUQD.L vs. VOOIUQD.L vs. EQQQ.LIUQD.L vs. EUDV.LIUQD.L vs. JREU.L
Often compared with CSP1.L:
CSP1.L vs. CSPX.LCSP1.L vs. VUAG.LCSP1.L vs. SPYCSP1.L vs. IUSA.LCSP1.L vs. VUAA.LCSP1.L vs. SPY5.LCSP1.L vs. VOO

Return for Risk

IUQD.L vs. CSP1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUQD.L
IUQD.L Risk / Return Rank: 6161
Overall Rank
IUQD.L Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
IUQD.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
IUQD.L Omega Ratio Rank: 6060
Omega Ratio Rank
IUQD.L Calmar Ratio Rank: 5454
Calmar Ratio Rank
IUQD.L Martin Ratio Rank: 6565
Martin Ratio Rank
CSP1.L
CSP1.L Risk / Return Rank: 8282
Overall Rank
CSP1.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
CSP1.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
CSP1.L Omega Ratio Rank: 8585
Omega Ratio Rank
CSP1.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
CSP1.L Martin Ratio Rank: 7878
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IUQD.L vs. CSP1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist) (IUQD.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.

IUQD.LCSP1.LDifference
Sharpe ratioReturn per unit of total volatility
1.97
2.48

-0.50

Sortino ratioReturn per unit of downside risk
3.00
3.57

-0.57

Omega ratioGain probability vs. loss probability

1.36

1.44

-0.08

Calmar ratioReturn relative to maximum drawdown

2.64

3.20

-0.55

Martin ratioReturn relative to average drawdown

11.66

13.82

-2.15

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUQD.L vs. CSP1.L - Sharpe Ratio Comparison

The current IUQD.L Sharpe Ratio is 1.97, which is comparable to the CSP1.L Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of IUQD.L and CSP1.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

IUQD.LCSP1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.97

2.48

-0.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.88

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.94

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.77

1.00

-0.23

Drawdowns

IUQD.L vs. CSP1.L - Drawdown Comparison

The maximum IUQD.L drawdown since its inception was -33.83%, roughly equal to the maximum CSP1.L drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for IUQD.L and CSP1.L.

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Drawdown Indicators

IUQD.LCSP1.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.83%

-33.51%

-0.32%

Max Drawdown (1Y)

Largest decline over 1 year

-8.26%

-8.68%

+0.42%

Max Drawdown (3Y)

Largest decline over 3 years

-17.93%

-18.69%

+0.76%

Max Drawdown (5Y)

Largest decline over 5 years

-27.75%

-25.16%

-2.59%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.51%

—

Current Drawdown

Current decline from peak

0.00%

-0.55%

+0.55%

Average Drawdown

Average peak-to-trough decline

-5.46%

-3.87%

-1.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.88%

2.01%

-0.13%

Volatility

IUQD.L vs. CSP1.L - Volatility Comparison

iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist) (IUQD.L) has a higher volatility of 2.79% compared to iShares Core S&P 500 UCITS ETF (CSP1.L) at 2.58%. This indicates that IUQD.L's price experiences larger fluctuations and is considered to be riskier than CSP1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUQD.LCSP1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.79%

2.58%

+0.21%

Volatility (6M)

Calculated over the trailing 6-month period

8.13%

7.99%

+0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

11.08%

11.21%

-0.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.26%

15.68%

+0.58%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.56%

16.12%

+1.44%

IUQD.L vs. CSP1.L - Expense Ratio Comparison

IUQD.L has a 0.20% expense ratio, which is higher than CSP1.L'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

IUQD.L vs. CSP1.L - Dividend Comparison

IUQD.L's dividend yield for the trailing twelve months is around 0.67%, while CSP1.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018
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%
IUQD.L
iShares Edge MSCI USA Quality Factor UCITS ETF USD (Dist)		0.67%0.73%0.84%1.05%1.34%0.95%1.21%1.32%1.44%

Frequently Asked Questions

IUQD.L and CSP1.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CSP1.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CSP1.L is cheaper with a 0.07% expense ratio, compared with 0.20% for IUQD.L.

IUQD.L is categorized as Large Cap Blend Equities, while CSP1.L is S&P 500. IUQD.L tracks Russell 1000 TR USD, while CSP1.L tracks S&P 500 Index. Their fees differ too: 0.20% for IUQD.L and 0.07% for CSP1.L.

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