PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PEP vs. CSPX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PEP vs. CSPX.L

Last updated Jun 13, 2026

PEP (PepsiCo, Inc.) is a stock, while CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, PEP returned 6.62%/yr vs 15.24%/yr for CSPX.L. At a 0.19 correlation, their price movements are largely independent.

Performance

PEP vs. CSPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PepsiCo, Inc. (PEP) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PEP achieves a 2.49% return, which is significantly lower than CSPX.L's 8.40% return. Over the past 10 years, PEP has underperformed CSPX.L with an annualized return of 6.62%, while CSPX.L has yielded a comparatively higher 15.24% annualized return.

PEP

1D
0.38%
1M
-1.94%
YTD
2.49%
6M
-2.36%
1Y
14.62%
3Y*
-4.09%
5Y*
2.73%
10Y*
6.62%

CSPX.L

1D
2.02%
1M
-0.83%
YTD
8.40%
6M
9.68%
1Y
24.86%
3Y*
20.75%
5Y*
13.23%
10Y*
15.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PEP vs. CSPX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PEP
PepsiCo, Inc.		2.49%-1.85%-7.60%-3.29%6.78%20.56%11.67%27.38%-4.81%17.82%
CSPX.L
iShares Core S&P 500 UCITS ETF USD (Acc)		8.40%17.45%25.25%26.74%-18.72%29.35%17.62%30.55%-5.46%21.60%

Correlation

The correlation between PEP and CSPX.L is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.09

Correlation (3Y)
Calculated over the trailing 3-year period

-0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.06

Correlation (10Y)
Calculated over the trailing 10-year period

0.14

Correlation (All Time)
Calculated using the full available price history since Sep 15, 2010

0.19

The correlation between PEP and CSPX.L shifts across timeframes, from -0.09 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

PepsiCo, Inc.

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

Often compared with PEP:
PEP vs. KOPEP vs. MCDPEP vs. MDLZPEP vs. COKEPEP vs. KDPPEP vs. VOOPEP vs. SCHD
Often compared with CSPX.L:
CSPX.L vs. VOOCSPX.L vs. VUAA.LCSPX.L vs. SPYCSPX.L vs. CSPX.ASCSPX.L vs. CSP1.LCSPX.L vs. VWRL.ASCSPX.L vs. IVV

Return for Risk

PEP vs. CSPX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PEP
PEP Risk / Return Rank: 6060
Overall Rank
PEP Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
PEP Sortino Ratio Rank: 5959
Sortino Ratio Rank
PEP Omega Ratio Rank: 5555
Omega Ratio Rank
PEP Calmar Ratio Rank: 6060
Calmar Ratio Rank
PEP Martin Ratio Rank: 6363
Martin Ratio Rank
CSPX.L
CSPX.L Risk / Return Rank: 7373
Overall Rank
CSPX.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
CSPX.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
CSPX.L Omega Ratio Rank: 7272
Omega Ratio Rank
CSPX.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
CSPX.L Martin Ratio Rank: 7676
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for PepsiCo, Inc. (PEP) 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.

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.

PEPCSPX.LDifference
Sharpe ratioReturn per unit of total volatility
0.62
2.03

-1.41

Sortino ratioReturn per unit of downside risk
1.11
3.00

-1.89

Omega ratioGain probability vs. loss probability

1.12

1.36

-0.24

Calmar ratioReturn relative to maximum drawdown

0.83

2.98

-2.16

Martin ratioReturn relative to average drawdown

2.11

12.45

-10.34

PEP vs. CSPX.L - Sharpe Ratio Comparison

The current PEP Sharpe Ratio is 0.62, which is lower than the CSPX.L Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of PEP and CSPX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

PEP vs. CSPX.L - Drawdown Comparison

The maximum PEP drawdown since its inception was -73.92%, 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 PEP and CSPX.L.

Loading charts...

Drawdown Indicators

PEPCSPX.LDifference

Max Drawdown

Largest peak-to-trough decline

-73.92%

-33.90%

-40.02%

Max Drawdown (1Y)

Largest decline over 1 year

-16.25%

-8.17%

-8.08%

Max Drawdown (3Y)

Largest decline over 3 years

-29.17%

-18.50%

-10.67%

Max Drawdown (5Y)

Largest decline over 5 years

-30.32%

-24.39%

-5.93%

Max Drawdown (10Y)

Largest decline over 10 years

-30.32%

-33.90%

+3.58%

Current Drawdown

Current decline from peak

-17.75%

-2.27%

-15.48%

Average Drawdown

Average peak-to-trough decline

-13.65%

-3.72%

-9.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.37%

1.96%

+4.41%

Volatility

PEP vs. CSPX.L - Volatility Comparison

PepsiCo, Inc. (PEP) has a higher volatility of 5.39% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) at 4.01%. This indicates that PEP'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.

Loading charts...

Volatility by Period

PEPCSPX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.39%

4.01%

+1.38%

Volatility (6M)

Calculated over the trailing 6-month period

14.62%

9.03%

+5.59%

Volatility (1Y)

Calculated over the trailing 1-year period

21.71%

12.04%

+9.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.39%

16.03%

+2.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.67%

16.22%

+3.45%

Dividends

PEP vs. CSPX.L - Dividend Comparison

PEP's dividend yield for the trailing twelve months is around 3.98%, while CSPX.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
PEP
PepsiCo, Inc.		3.98%3.92%3.51%2.91%2.50%2.45%2.71%2.77%3.25%2.64%2.83%2.76%

Frequently Asked Questions

PEP and CSPX.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

Find the right allocation for PEP and CSPX.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer