IWRD.AS vs. CSPX.AS
IWRD.AS (iShares MSCI World UCITS ETF) and CSPX.AS (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - IWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while CSPX.AS is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, IWRD.AS returned 12.57%/yr vs 14.96%/yr for CSPX.AS. With a 0.97 correlation, they move nearly in lockstep. IWRD.AS charges 0.50%/yr vs 0.07%/yr for CSPX.AS.
Performance
IWRD.AS vs. CSPX.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IWRD.AS having a 11.01% return and CSPX.AS slightly higher at 11.52%. Over the past 10 years, IWRD.AS has underperformed CSPX.AS with an annualized return of 12.57%, while CSPX.AS has yielded a comparatively higher 14.96% annualized return.
IWRD.AS
- 1D
- -0.25%
- 1M
- 5.53%
- YTD
- 11.01%
- 6M
- 11.58%
- 1Y
- 23.56%
- 3Y*
- 17.32%
- 5Y*
- 12.58%
- 10Y*
- 12.57%
CSPX.AS
- 1D
- -0.10%
- 1M
- 5.25%
- YTD
- 11.52%
- 6M
- 11.45%
- 1Y
- 25.69%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.96%
IWRD.AS vs. CSPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWRD.AS iShares MSCI World UCITS ETF | 11.01% | 6.83% | 26.78% | 19.68% | -13.85% | 32.06% | 5.87% | 29.11% | -4.38% | 7.51% |
CSPX.AS iShares Core S&P 500 UCITS ETF | 11.52% | 4.00% | 33.87% | 22.28% | -14.24% | 40.26% | 7.72% | 32.99% | -0.36% | 7.13% |
Correlation
The correlation between IWRD.AS and CSPX.AS is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 6, 2014 | 0.97 |
The correlation between IWRD.AS and CSPX.AS has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
IWRD.AS vs. CSPX.AS — Risk / Return Rank
IWRD.AS
CSPX.AS
IWRD.AS vs. CSPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS ETF (IWRD.AS) 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.
| IWRD.AS | CSPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.42 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 3.57 | -0.09 |
| Martin ratioReturn relative to average drawdown | 13.70 | 12.76 | +0.94 |
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
| IWRD.AS | CSPX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.25 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.96 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.92 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.93 | -0.43 |
Drawdowns
IWRD.AS vs. CSPX.AS - Drawdown Comparison
The maximum IWRD.AS drawdown since its inception was -52.51%, which is greater than CSPX.AS's maximum drawdown of -33.65%. Use the drawdown chart below to compare losses from any high point for IWRD.AS and CSPX.AS.
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Drawdown Indicators
| IWRD.AS | CSPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.51% | -33.65% | -18.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -7.11% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -21.50% | -23.37% | +1.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -23.37% | +1.87% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | -33.65% | -0.06% |
Current DrawdownCurrent decline from peak | -0.25% | -0.40% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -8.84% | -4.28% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.00% | -0.29% |
Volatility
IWRD.AS vs. CSPX.AS - Volatility Comparison
iShares MSCI World UCITS ETF (IWRD.AS) has a higher volatility of 2.81% compared to iShares Core S&P 500 UCITS ETF (CSPX.AS) at 2.59%. This indicates that IWRD.AS'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
| IWRD.AS | CSPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 2.59% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 7.37% | +0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.04% | 11.26% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.14% | 15.13% | -0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.16% | 16.05% | -0.89% |
IWRD.AS vs. CSPX.AS - Expense Ratio Comparison
IWRD.AS has a 0.50% expense ratio, which is higher than CSPX.AS's 0.07% expense ratio.
Dividends
IWRD.AS vs. CSPX.AS - Dividend Comparison
IWRD.AS's dividend yield for the trailing twelve months is around 0.85%, while CSPX.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CSPX.AS 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% | 0.00% | 0.00% | 0.00% |
IWRD.AS iShares MSCI World UCITS ETF | 0.85% | 0.95% | 1.05% | 1.32% | 1.49% | 1.01% | 1.21% | 1.62% | 1.84% | 1.67% | 1.70% | 1.80% |
Frequently Asked Questions
With a correlation of 0.96, IWRD.AS and CSPX.AS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.50% for IWRD.AS.
IWRD.AS is categorized as Global Equities, while CSPX.AS is S&P 500. IWRD.AS tracks MSCI ACWI NR USD, while CSPX.AS tracks S&P 500 Index. Their fees differ too: 0.50% for IWRD.AS and 0.07% for CSPX.AS.
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