PARA vs. CSPX.L
Compare and contrast key facts about Paramount Global Class B (PARA) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L).
CSPX.L is a passively managed fund by Blackrock Financial Management that tracks the performance of the S&P 500 Index. It was launched on May 18, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PARA or CSPX.L.
Key characteristics
| PARA | CSPX.L | |
|---|---|---|
| YTD Return | -28.49% | 22.99% |
| 1Y Return | -0.84% | 42.42% |
| 3Y Return (Ann) | -32.24% | 9.70% |
| 5Y Return (Ann) | -19.53% | 15.47% |
| 10Y Return (Ann) | -13.45% | 12.89% |
| Sharpe Ratio | -0.05 | 3.71 |
| Sortino Ratio | 0.39 | 5.17 |
| Omega Ratio | 1.05 | 1.71 |
| Calmar Ratio | -0.03 | 3.85 |
| Martin Ratio | -0.09 | 24.00 |
| Ulcer Index | 28.70% | 1.76% |
| Daily Std Dev | 58.54% | 11.38% |
| Max Drawdown | -93.29% | -33.90% |
| Current Drawdown | -88.57% | -0.50% |
Correlation
The correlation between PARA and CSPX.L is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PARA vs. CSPX.L - Performance Comparison
In the year-to-date period, PARA achieves a -28.49% return, which is significantly lower than CSPX.L's 22.99% return. Over the past 10 years, PARA has underperformed CSPX.L with an annualized return of -13.45%, while CSPX.L has yielded a comparatively higher 12.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PARA vs. CSPX.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Paramount Global Class B (PARA) 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.
Dividends
PARA vs. CSPX.L - Dividend Comparison
PARA's dividend yield for the trailing twelve months is around 1.92%, while CSPX.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PARA Paramount Global Class B | 1.92% | 2.64% | 5.69% | 3.18% | 2.58% | 1.86% | 1.65% | 1.22% | 1.04% | 1.27% | 0.98% | 0.75% |
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% | 0.00% | 0.00% | 0.00% |
Drawdowns
PARA vs. CSPX.L - Drawdown Comparison
The maximum PARA drawdown since its inception was -93.29%, which is greater than CSPX.L's maximum drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for PARA and CSPX.L. For additional features, visit the drawdowns tool.
Volatility
PARA vs. CSPX.L - Volatility Comparison
Paramount Global Class B (PARA) has a higher volatility of 4.62% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) at 1.91%. This indicates that PARA's price experiences larger fluctuations and is considered to be riskier than CSPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.