MVED.L vs. CSPX.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L).

MVED.L and CSPX.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MVED.L is a passively managed fund by BlackRock that tracks the performance of the MSCI Europe NR EUR. It was launched on Feb 23, 2018. CSPX.L is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on May 18, 2010. Both MVED.L and CSPX.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MVED.L vs. CSPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L). The values are adjusted to include any dividend payments, if applicable.

MVED.L vs. CSPX.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)	5.12%	8.77%	8.89%	10.72%	-12.60%	21.51%	-3.86%	22.67%	-1.16%
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc)	-2.62%	3.52%	33.52%	22.94%	-13.69%	39.03%	7.93%	33.50%	-1.37%

Different Trading Currencies

MVED.L is traded in EUR, while CSPX.L is traded in USD. To make them comparable, the CSPX.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, MVED.L achieves a 5.12% return, which is significantly higher than CSPX.L's -4.93% return.

MVED.L

• 1D: 1.33%
• 1M: -2.87%
• YTD: 5.12%
• 6M: 5.68%
• 1Y: 5.50%
• 3Y*: 8.82%
• 5Y*: 7.11%
• 10Y*: —

CSPX.L

• 1D: 0.00%
• 1M: -4.97%
• YTD: -4.93%
• 6M: -1.93%
• 1Y: 7.74%
• 3Y*: 15.20%
• 5Y*: 11.66%
• 10Y*: 13.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MVED.L vs. CSPX.L - Expense Ratio Comparison

MVED.L has a 0.25% expense ratio, which is higher than CSPX.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%.

MVED.L

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)

CSPX.L

iShares Core S&P 500 UCITS ETF USD (Acc)

Return for Risk

MVED.L vs. CSPX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MVED.L

MVED.L Risk / Return Rank: 24
MVED.L Sharpe Ratio Rank: 24
MVED.L Sortino Ratio Rank: 22
MVED.L Omega Ratio Rank: 25
MVED.L Calmar Ratio Rank: 26
MVED.L Martin Ratio Rank: 23

CSPX.L

CSPX.L Risk / Return Rank: 75
CSPX.L Sharpe Ratio Rank: 62
CSPX.L Sortino Ratio Rank: 61
CSPX.L Omega Ratio Rank: 63
CSPX.L Calmar Ratio Rank: 93
CSPX.L Martin Ratio Rank: 95

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.

MVED.L vs. CSPX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.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.

	MVED.L	CSPX.L	Difference
Sharpe ratio Return per unit of total volatility	0.46	0.45	+0.01
Sortino ratio Return per unit of downside risk	0.66	0.72	-0.06
Omega ratio Gain probability vs. loss probability	1.10	1.10	0.00
Calmar ratio Return relative to maximum drawdown	0.68	2.65	-1.97
Martin ratio Return relative to average drawdown	1.88	8.93	-7.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MVED.L vs. CSPX.L - Sharpe Ratio Comparison

The current MVED.L Sharpe Ratio is 0.46, which is comparable to the CSPX.L Sharpe Ratio of 0.45. The chart below compares the historical Sharpe Ratios of MVED.L and CSPX.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MVED.L	CSPX.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.45	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.73	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.86	-0.32

Correlation

The correlation between MVED.L and CSPX.L is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MVED.L vs. CSPX.L - Dividend Comparison

Neither MVED.L nor CSPX.L has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MVED.L iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist)	0.00%	0.00%	0.00%	2.67%	2.95%	2.16%	2.54%	2.81%	2.50%
CSPX.L 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%	0.00%

Drawdowns

MVED.L vs. CSPX.L - Drawdown Comparison

The maximum MVED.L drawdown since its inception was -30.56%, smaller than the maximum CSPX.L drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for MVED.L and CSPX.L.

Drawdown Indicators

	MVED.L	CSPX.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.56%	-33.90%	+3.34%
Max Drawdown (1Y) Largest decline over 1 year	-9.10%	-11.83%	+2.73%
Max Drawdown (5Y) Largest decline over 5 years	-19.54%	-24.39%	+4.85%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.90%	—
Current Drawdown Current decline from peak	-3.68%	-5.43%	+1.75%
Average Drawdown Average peak-to-trough decline	-5.22%	-3.76%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	1.83%	+1.43%

Volatility

MVED.L vs. CSPX.L - Volatility Comparison

iShares Edge MSCI Europe Minimum Volatility UCITS ETF EUR (Dist) (MVED.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) have volatilities of 4.01% and 4.16%, 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.

Volatility by Period

	MVED.L	CSPX.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	4.16%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	6.69%	9.00%	-2.31%
Volatility (1Y) Calculated over the trailing 1-year period	11.84%	17.03%	-5.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.98%	15.88%	-4.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.69%	16.61%	-3.92%