SMEA.L vs. CSPX.L
Compare and contrast key facts about iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L).
SMEA.L and CSPX.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMEA.L is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Sep 25, 2009. 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. Both SMEA.L and CSPX.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMEA.L or CSPX.L.
Performance
SMEA.L vs. CSPX.L - Performance Comparison
Returns By Period
In the year-to-date period, SMEA.L achieves a 3.44% return, which is significantly lower than CSPX.L's 24.58% return. Over the past 10 years, SMEA.L has underperformed CSPX.L with an annualized return of 7.19%, while CSPX.L has yielded a comparatively higher 12.73% annualized return.
SMEA.L
3.44%
-3.86%
-5.45%
8.00%
6.72%
7.19%
CSPX.L
24.58%
0.85%
11.47%
32.54%
15.14%
12.73%
Key characteristics
| SMEA.L | CSPX.L | |
|---|---|---|
| Sharpe Ratio | 0.80 | 2.75 |
| Sortino Ratio | 1.18 | 3.80 |
| Omega Ratio | 1.14 | 1.52 |
| Calmar Ratio | 1.19 | 4.14 |
| Martin Ratio | 3.20 | 17.73 |
| Ulcer Index | 2.47% | 1.79% |
| Daily Std Dev | 9.87% | 11.52% |
| Max Drawdown | -28.48% | -33.90% |
| Current Drawdown | -5.84% | -1.73% |
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SMEA.L vs. CSPX.L - Expense Ratio Comparison
SMEA.L has a 0.12% expense ratio, which is higher than CSPX.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SMEA.L and CSPX.L is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SMEA.L vs. CSPX.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) 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
SMEA.L vs. CSPX.L - Dividend Comparison
Neither SMEA.L nor CSPX.L has paid dividends to shareholders.
Drawdowns
SMEA.L vs. CSPX.L - Drawdown Comparison
The maximum SMEA.L drawdown since its inception was -28.48%, smaller than the maximum CSPX.L drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for SMEA.L and CSPX.L. For additional features, visit the drawdowns tool.
Volatility
SMEA.L vs. CSPX.L - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (SMEA.L) has a higher volatility of 4.62% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) at 4.12%. This indicates that SMEA.L'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.