MVOL.L vs. CSPX.AS
MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) and CSPX.AS (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - MVOL.L 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, MVOL.L returned 6.83%/yr vs 15.24%/yr for CSPX.AS. A 0.68 correlation means they provide meaningful diversification when combined. MVOL.L charges 0.35%/yr vs 0.07%/yr for CSPX.AS.
Performance
MVOL.L vs. CSPX.AS - Performance Comparison
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Different Trading Currencies
MVOL.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, MVOL.L achieves a -1.02% return, which is significantly lower than CSPX.AS's 9.32% return. Over the past 10 years, MVOL.L has underperformed CSPX.AS with an annualized return of 6.83%, while CSPX.AS has yielded a comparatively higher 15.24% annualized return.
MVOL.L
- 1D
- -0.01%
- 1M
- -2.61%
- YTD
- -1.02%
- 6M
- -0.53%
- 1Y
- 1.24%
- 3Y*
- 8.39%
- 5Y*
- 5.04%
- 10Y*
- 6.83%
CSPX.AS
- 1D
- 0.38%
- 1M
- 0.12%
- YTD
- 9.32%
- 6M
- 10.37%
- 1Y
- 26.63%
- 3Y*
- 20.91%
- 5Y*
- 13.72%
- 10Y*
- 15.24%
MVOL.L vs. CSPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | -1.02% | 11.02% | 11.08% | 7.28% | -9.62% | 14.65% | 2.56% | 22.56% | -2.40% | 17.39% |
CSPX.AS iShares Core S&P 500 UCITS ETF | 9.32% | 17.97% | 25.59% | 26.14% | -19.39% | 30.70% | 17.25% | 30.40% | -5.01% | 22.28% |
Correlation
The correlation between MVOL.L and CSPX.AS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2012 | 0.68 |
Over the past year, the correlation between MVOL.L and CSPX.AS has dropped to 0.30 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
MVOL.L vs. CSPX.AS — Risk / Return Rank
MVOL.L
CSPX.AS
MVOL.L vs. CSPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS (MVOL.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.
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.
| MVOL.L | CSPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.41 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 3.17 | -2.83 |
| Martin ratioReturn relative to average drawdown | 0.77 | 13.10 | -12.33 |
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Drawdowns
MVOL.L vs. CSPX.AS - Drawdown Comparison
The maximum MVOL.L drawdown since its inception was -28.82%, smaller than the maximum CSPX.AS drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for MVOL.L and CSPX.AS.
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Drawdown Indicators
| MVOL.L | CSPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.82% | -34.12% | +5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -8.56% | +2.78% |
Max Drawdown (3Y)Largest decline over 3 years | -8.15% | -19.52% | +11.37% |
Max Drawdown (5Y)Largest decline over 5 years | -18.52% | -24.42% | +5.90% |
Max Drawdown (10Y)Largest decline over 10 years | -28.82% | -34.12% | +5.30% |
Current DrawdownCurrent decline from peak | -5.47% | -1.39% | -4.08% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -3.70% | +0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.08% | +0.43% |
Volatility
MVOL.L vs. CSPX.AS - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) is 2.13%, while iShares Core S&P 500 UCITS ETF (CSPX.AS) has a volatility of 3.65%. This indicates that MVOL.L experiences smaller price fluctuations and is considered to be less risky 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
| MVOL.L | CSPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 3.65% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 5.74% | 8.50% | -2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.91% | 11.70% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.65% | 15.89% | -5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.65% | 16.31% | -4.66% |
MVOL.L vs. CSPX.AS - Expense Ratio Comparison
MVOL.L has a 0.35% expense ratio, which is higher than CSPX.AS's 0.07% expense ratio.
Dividends
MVOL.L vs. CSPX.AS - Dividend Comparison
Neither MVOL.L nor CSPX.AS has paid dividends to shareholders.
Frequently Asked Questions
MVOL.L and CSPX.AS have a correlation of 0.30, 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 0.35% for MVOL.L.
MVOL.L is categorized as Global Equities, while CSPX.AS is S&P 500. MVOL.L tracks MSCI ACWI NR USD, while CSPX.AS tracks S&P 500 Index. Their fees differ too: 0.35% for MVOL.L and 0.07% for CSPX.AS.
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