RISE.L vs. CSP1.L

Last updated Jun 5, 2026

RISE.L (iShares Fallen Angels High Yield Corporate Bond UCITS ETF) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - RISE.L is a High Yield Bonds fund tracking the ICE BofA Gbl HY Constnd TR USD, while CSP1.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, RISE.L returned 4.64%/yr vs 14.94%/yr for CSP1.L. A 0.52 correlation means they provide meaningful diversification when combined. RISE.L charges 0.50%/yr vs 0.07%/yr for CSP1.L.

Performance

RISE.L vs. CSP1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.L) and iShares Core S&P 500 UCITS ETF (CSP1.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RISE.L achieves a 1.29% return, which is significantly lower than CSP1.L's 10.55% return.

RISE.L

• 1D: 0.13%
• 1M: 1.26%
• YTD: 1.29%
• 6M: 1.50%
• 1Y: 9.82%
• 3Y*: 6.74%
• 5Y*: 4.64%
• 10Y*: —

CSP1.L

• 1D: 0.05%
• 1M: 5.54%
• YTD: 10.55%
• 6M: 10.48%
• 1Y: 29.13%
• 3Y*: 19.02%
• 5Y*: 14.94%
• 10Y*: 16.07%

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

RISE.L vs. CSP1.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RISE.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF	1.29%	5.86%	5.76%	7.62%	-3.13%	4.04%	14.09%	13.14%	2.07%	3.75%
CSP1.L iShares Core S&P 500 UCITS ETF	10.55%	9.37%	27.35%	19.79%	-9.05%	31.07%	13.65%	26.42%	0.01%	10.83%

Correlation

The correlation between RISE.L and CSP1.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jul 5, 2016	0.52

The correlation between RISE.L and CSP1.L has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.

RISE.L vs. CSP1.L - Sectors Allocation Comparison

Sectors	RISE.L	CSP1.L
Financial Services	100.0%	11.3%
Basic Materials	-	1.7%
Communication Services	-	10.7%
Consumer Cyclical	-	9.9%
Consumer Defensive	-	4.7%
Energy	-	3.4%
Healthcare	-	8.4%
Industrials	-	7.9%
Real Estate	-	1.9%
Technology	-	38.0%
Utilities	-	2.2%

Return for Risk

RISE.L vs. CSP1.L — Risk / Return Rank

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

RISE.L

RISE.L Risk / Return Rank: 64
RISE.L Sharpe Ratio Rank: 60
RISE.L Sortino Ratio Rank: 66
RISE.L Omega Ratio Rank: 60
RISE.L Calmar Ratio Rank: 70
RISE.L Martin Ratio Rank: 62

CSP1.L

CSP1.L Risk / Return Rank: 82
CSP1.L Sharpe Ratio Rank: 84
CSP1.L Sortino Ratio Rank: 83
CSP1.L Omega Ratio Rank: 85
CSP1.L Calmar Ratio Rank: 80
CSP1.L Martin Ratio Rank: 78

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.

RISE.L vs. CSP1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.L) and iShares Core S&P 500 UCITS ETF (CSP1.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.

	RISE.L	CSP1.L	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.73	-0.73
Sortino ratio: Return per unit of downside risk	3.01	3.66	-0.65
Omega ratio: Gain probability vs. loss probability	1.36	1.51	-0.15
Calmar ratio: Return relative to maximum drawdown	3.42	4.07	-0.65
Martin ratio: Return relative to average drawdown	10.87	14.99	-4.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RISE.L vs. CSP1.L - Sharpe Ratio Comparison

The current RISE.L Sharpe Ratio is 2.00, which is comparable to the CSP1.L Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of RISE.L and CSP1.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.

Sharpe Ratios by Period

	RISE.L	CSP1.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	2.73	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	1.04	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.09	-0.25

Drawdowns

RISE.L vs. CSP1.L - Drawdown Comparison

The maximum RISE.L drawdown since its inception was -14.31%, smaller than the maximum CSP1.L drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for RISE.L and CSP1.L.

Drawdown Indicators

	RISE.L	CSP1.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.31%	-25.48%	+11.17%
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	-7.12%	+4.26%
Max Drawdown (3Y) Largest decline over 3 years	-6.65%	-20.77%	+14.12%
Max Drawdown (5Y) Largest decline over 5 years	-10.05%	-20.77%	+10.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.48%	—
Current Drawdown Current decline from peak	-0.25%	-0.24%	-0.01%
Average Drawdown Average peak-to-trough decline	-2.24%	-3.32%	+1.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.94%	-1.04%

Volatility

RISE.L vs. CSP1.L - Volatility Comparison

The current volatility for iShares Fallen Angels High Yield Corporate Bond UCITS ETF (RISE.L) is 1.24%, while iShares Core S&P 500 UCITS ETF (CSP1.L) has a volatility of 2.62%. This indicates that RISE.L experiences smaller price fluctuations and is considered to be less risky than CSP1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RISE.L	CSP1.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	2.62%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	3.62%	7.16%	-3.54%
Volatility (1Y) Calculated over the trailing 1-year period	4.90%	10.62%	-5.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.66%	14.31%	-7.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.83%	15.57%	-6.74%

RISE.L vs. CSP1.L - Expense Ratio Comparison

RISE.L has a 0.50% expense ratio, which is higher than CSP1.L's 0.07% expense ratio.

Dividends

RISE.L vs. CSP1.L - Dividend Comparison

RISE.L's dividend yield for the trailing twelve months is around 8.29%, while CSP1.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CSP1.L 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%
RISE.L iShares Fallen Angels High Yield Corporate Bond UCITS ETF	8.29%	6.61%	6.89%	6.13%	5.06%	4.52%	4.96%	5.81%	6.42%	5.91%	2.65%

Frequently Asked Questions

Can I hold both RISE.L and CSP1.L in my portfolio?

RISE.L and CSP1.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RISE.L or CSP1.L?

On fees, CSP1.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RISE.L or CSP1.L?

CSP1.L is cheaper with a 0.07% expense ratio, compared with 0.50% for RISE.L.

What is the main difference between RISE.L and CSP1.L?

RISE.L is categorized as High Yield Bonds, while CSP1.L is S&P 500. RISE.L tracks ICE BofA Gbl HY Constnd TR USD, while CSP1.L tracks S&P 500 Index. Their fees differ too: 0.50% for RISE.L and 0.07% for CSP1.L.