IWLE.DE vs. CSSPX.MI
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and CSSPX.MI (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - IWLE.DE is a Global Equities fund tracking the MSCI World Net TR Index, while CSSPX.MI is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, IWLE.DE returned 10.03%/yr vs 13.90%/yr for CSSPX.MI. Their correlation of 0.82 suggests significant overlap in exposure. IWLE.DE charges 0.30%/yr vs 0.07%/yr for CSSPX.MI.
Performance
IWLE.DE vs. CSSPX.MI - Performance Comparison
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Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly lower than CSSPX.MI's 10.79% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
CSSPX.MI
- 1D
- -0.87%
- 1M
- 0.25%
- YTD
- 10.79%
- 6M
- 11.14%
- 1Y
- 24.81%
- 3Y*
- 18.93%
- 5Y*
- 13.90%
- 10Y*
- 15.13%
IWLE.DE vs. CSSPX.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 23.89% | 11.68% | 12.14% |
CSSPX.MI iShares Core S&P 500 UCITS ETF USD (Acc) | 10.79% | 4.27% | 33.76% | 22.03% | -14.58% | 40.89% | 7.57% | 16.94% |
Correlation
The correlation between IWLE.DE and CSSPX.MI is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2019 | 0.82 |
The correlation between IWLE.DE and CSSPX.MI shifts across timeframes, from 0.67 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWLE.DE vs. CSSPX.MI — Risk / Return Rank
IWLE.DE
CSSPX.MI
IWLE.DE vs. CSSPX.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI). 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.
| IWLE.DE | CSSPX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.47 | -0.90 |
| Martin ratioReturn relative to average drawdown | 11.25 | 12.22 | -0.97 |
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Drawdowns
IWLE.DE vs. CSSPX.MI - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, roughly equal to the maximum CSSPX.MI drawdown of -33.56%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and CSSPX.MI.
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Drawdown Indicators
| IWLE.DE | CSSPX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -33.56% | +0.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -7.14% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -23.26% | +5.66% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -23.26% | -0.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.56% | — |
Current DrawdownCurrent decline from peak | -1.77% | -0.91% | -0.86% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -4.12% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.03% | -0.19% |
Volatility
IWLE.DE vs. CSSPX.MI - Volatility Comparison
iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) has a higher volatility of 4.07% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI) at 3.42%. This indicates that IWLE.DE's price experiences larger fluctuations and is considered to be riskier than CSSPX.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWLE.DE | CSSPX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 3.42% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 7.99% | +1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 11.77% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 15.30% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 16.13% | +0.63% |
IWLE.DE vs. CSSPX.MI - Expense Ratio Comparison
IWLE.DE has a 0.30% expense ratio, which is higher than CSSPX.MI's 0.07% expense ratio.
Dividends
IWLE.DE vs. CSSPX.MI - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while CSSPX.MI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
CSSPX.MI 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% |
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
Frequently Asked Questions
IWLE.DE and CSSPX.MI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSPX.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSPX.MI is cheaper with a 0.07% expense ratio, compared with 0.30% for IWLE.DE.
IWLE.DE is categorized as Global Equities, while CSSPX.MI is S&P 500. IWLE.DE tracks MSCI World Net TR Index, while CSSPX.MI tracks S&P 500 Index. Their fees differ too: 0.30% for IWLE.DE and 0.07% for CSSPX.MI.
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