SPPY.DE vs. CSP1.L
SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both S&P 500 funds - SPPY.DE tracks the S&P 500 Scored & Screened Leaders Index while CSP1.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, SPPY.DE returned 15.63%/yr vs 14.79%/yr for CSP1.L. Their correlation of 0.93 suggests significant overlap in exposure. SPPY.DE charges 0.10%/yr vs 0.07%/yr for CSP1.L.
Performance
SPPY.DE vs. CSP1.L - Performance Comparison
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Different Trading Currencies
SPPY.DE is traded in EUR, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with SPPY.DE having a 11.08% return and CSP1.L slightly higher at 11.55%.
SPPY.DE
- 1D
- 0.58%
- 1M
- 3.73%
- YTD
- 11.08%
- 6M
- 11.08%
- 1Y
- 28.14%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
CSP1.L
- 1D
- -0.02%
- 1M
- 4.44%
- YTD
- 11.55%
- 6M
- 10.93%
- 1Y
- 25.75%
- 3Y*
- 18.85%
- 5Y*
- 14.79%
- 10Y*
- 14.97%
SPPY.DE vs. CSP1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
CSP1.L iShares Core S&P 500 UCITS ETF | 11.55% | 3.67% | 33.49% | 22.33% | -13.74% | 39.60% | 7.48% | 4.06% |
Correlation
The correlation between SPPY.DE and CSP1.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.93 |
The correlation between SPPY.DE and CSP1.L has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
SPPY.DE vs. CSP1.L — Risk / Return Rank
SPPY.DE
CSP1.L
SPPY.DE vs. CSP1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) 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.
| SPPY.DE | CSP1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 3.58 | +0.63 |
| Martin ratioReturn relative to average drawdown | 16.03 | 12.99 | +3.04 |
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
| SPPY.DE | CSP1.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 2.27 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.98 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 1.02 | -0.10 |
Drawdowns
SPPY.DE vs. CSP1.L - Drawdown Comparison
The maximum SPPY.DE drawdown since its inception was -33.31%, roughly equal to the maximum CSP1.L drawdown of -32.91%. Use the drawdown chart below to compare losses from any high point for SPPY.DE and CSP1.L.
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Drawdown Indicators
| SPPY.DE | CSP1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.31% | -32.91% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -7.17% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -23.82% | -22.35% | -1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -23.82% | -22.35% | -1.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.91% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.40% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -4.11% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 1.98% | -0.21% |
Volatility
SPPY.DE vs. CSP1.L - Volatility Comparison
State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) has a higher volatility of 2.69% compared to iShares Core S&P 500 UCITS ETF (CSP1.L) at 2.16%. This indicates that SPPY.DE's price experiences larger fluctuations and is considered to be riskier 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
| SPPY.DE | CSP1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 2.16% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 7.40% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.62% | 11.29% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.43% | 15.06% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.57% | 16.08% | +1.49% |
SPPY.DE vs. CSP1.L - Expense Ratio Comparison
SPPY.DE has a 0.10% expense ratio, which is higher than CSP1.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%.
Dividends
SPPY.DE vs. CSP1.L - Dividend Comparison
Neither SPPY.DE nor CSP1.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, SPPY.DE and CSP1.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
CSP1.L is cheaper with a 0.07% expense ratio, compared with 0.10% for SPPY.DE.
SPPY.DE tracks S&P 500 Scored & Screened Leaders Index, while CSP1.L tracks S&P 500 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.10% for SPPY.DE and 0.07% for CSP1.L.
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