SMBS.L vs. CSP1.L
Compare and contrast key facts about iShares US Mortgage Backed Securities UCITS ETF (SMBS.L) and iShares Core S&P 500 UCITS ETF (CSP1.L).
SMBS.L and CSP1.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMBS.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on May 23, 2016. CSP1.L is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 19, 2010. Both SMBS.L and CSP1.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
SMBS.L vs. CSP1.L - Performance Comparison
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SMBS.L vs. CSP1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMBS.L iShares US Mortgage Backed Securities UCITS ETF | 1.10% | 1.02% | 3.07% | -1.87% | -0.85% | -0.38% | 0.15% | 3.04% | 6.19% | -6.73% |
CSP1.L iShares Core S&P 500 UCITS ETF | -3.08% | 9.37% | 27.35% | 19.79% | -9.05% | 31.07% | 13.65% | 26.42% | 0.01% | 10.83% |
Returns By Period
In the year-to-date period, SMBS.L achieves a 1.10% return, which is significantly higher than CSP1.L's -3.08% return.
SMBS.L
- 1D
- -0.74%
- 1M
- -0.72%
- YTD
- 1.10%
- 6M
- 2.95%
- 1Y
- 2.04%
- 3Y*
- 1.40%
- 5Y*
- 0.91%
- 10Y*
- —
CSP1.L
- 1D
- 1.48%
- 1M
- -3.24%
- YTD
- -3.08%
- 6M
- 0.22%
- 1Y
- 14.77%
- 3Y*
- 15.77%
- 5Y*
- 12.63%
- 10Y*
- 14.63%
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SMBS.L vs. CSP1.L - Expense Ratio Comparison
SMBS.L has a 0.28% expense ratio, which is higher than CSP1.L's 0.07% expense ratio.
Return for Risk
SMBS.L vs. CSP1.L — Risk / Return Rank
SMBS.L
CSP1.L
SMBS.L vs. CSP1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Mortgage Backed Securities UCITS ETF (SMBS.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.
| SMBS.L | CSP1.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.27 | 0.97 | -0.71 |
Sortino ratioReturn per unit of downside risk | 0.42 | 1.41 | -0.99 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.20 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.32 | 2.06 | -1.74 |
Martin ratioReturn relative to average drawdown | 0.62 | 7.08 | -6.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMBS.L | CSP1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.27 | 0.97 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.88 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 1.03 | -0.82 |
Correlation
The correlation between SMBS.L and CSP1.L is 0.25, 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.
Dividends
SMBS.L vs. CSP1.L - Dividend Comparison
SMBS.L's dividend yield for the trailing twelve months is around 3.54%, while CSP1.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SMBS.L iShares US Mortgage Backed Securities UCITS ETF | 3.54% | 3.57% | 3.50% | 3.23% | 2.39% | 2.22% | 2.71% | 3.06% | 2.99% | 3.00% | 1.51% |
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% |
Drawdowns
SMBS.L vs. CSP1.L - Drawdown Comparison
The maximum SMBS.L drawdown since its inception was -20.65%, smaller than the maximum CSP1.L drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for SMBS.L and CSP1.L.
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Drawdown Indicators
| SMBS.L | CSP1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.65% | -25.48% | +4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -10.33% | +2.72% |
Max Drawdown (5Y)Largest decline over 5 years | -15.38% | -20.77% | +5.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.48% | — |
Current DrawdownCurrent decline from peak | -11.86% | -4.74% | -7.12% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -3.35% | -7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.88% | 2.07% | +1.81% |
Volatility
SMBS.L vs. CSP1.L - Volatility Comparison
The current volatility for iShares US Mortgage Backed Securities UCITS ETF (SMBS.L) is 2.20%, while iShares Core S&P 500 UCITS ETF (CSP1.L) has a volatility of 3.75%. This indicates that SMBS.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.
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Volatility by Period
| SMBS.L | CSP1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 3.75% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.44% | 8.30% | -3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.56% | 15.14% | -7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.60% | 14.38% | -5.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.09% | 15.60% | -5.51% |