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SPXD.L vs. CSP1.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPXD.L vs. CSP1.L

Last updated Jun 5, 2026

SPXD.L (Invesco S&P 500 UCITS ETF Dist) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both S&P 500 funds tracking the S&P 500 Index, from Invesco and iShares respectively. Both are passively managed. Over the past 5 years, SPXD.L returned 13.92%/yr vs 13.73%/yr for CSP1.L. Their correlation of 0.93 suggests significant overlap in exposure. SPXD.L charges 0.05%/yr vs 0.07%/yr for CSP1.L.

Performance

SPXD.L vs. CSP1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 UCITS ETF Dist (SPXD.L) and iShares Core S&P 500 UCITS ETF (CSP1.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SPXD.L is traded in USD, while CSP1.L is traded in GBp. To make them comparable, the CSP1.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with SPXD.L having a 10.44% return and CSP1.L slightly lower at 10.28%.

SPXD.L

1D
-0.02%
1M
4.50%
YTD
10.44%
6M
11.25%
1Y
27.99%
3Y*
22.39%
5Y*
13.92%
10Y*
—

CSP1.L

1D
0.10%
1M
4.65%
YTD
10.28%
6M
11.29%
1Y
27.90%
3Y*
22.09%
5Y*
13.73%
10Y*
15.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
SPXD.L
Invesco S&P 500 UCITS ETF Dist		10.44%17.53%25.57%26.91%-18.50%29.67%17.90%13.21%
CSP1.L
iShares Core S&P 500 UCITS ETF		10.28%17.63%25.22%26.11%-18.77%29.88%17.14%13.60%

Correlation

The correlation between SPXD.L and CSP1.L is 0.91, 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

0.91

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

0.92

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

0.93

Correlation (All Time)
Calculated using the full available price history since Jun 10, 2019

0.93

The correlation between SPXD.L and CSP1.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

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

Sectors
SPXD.L
CSP1.L

Technology

35.6%
38.0%

Financial Services

11.8%
11.3%

Communication Services

11.2%
10.7%

Consumer Cyclical

10.1%
9.9%

Healthcare

8.5%
8.4%

Industrials

8.3%
7.9%

Consumer Defensive

4.9%
4.7%

Energy

3.5%
3.4%

Utilities

2.4%
2.2%

Real Estate

1.9%
1.9%

Basic Materials

1.8%
1.7%

Technology

SPXD.L
35.6%
CSP1.L
38.0%

Financial Services

SPXD.L
11.8%
CSP1.L
11.3%

Communication Services

SPXD.L
11.2%
CSP1.L
10.7%

Consumer Cyclical

SPXD.L
10.1%
CSP1.L
9.9%

Healthcare

SPXD.L
8.5%
CSP1.L
8.4%

Industrials

SPXD.L
8.3%
CSP1.L
7.9%

Consumer Defensive

SPXD.L
4.9%
CSP1.L
4.7%

Energy

SPXD.L
3.5%
CSP1.L
3.4%

Utilities

SPXD.L
2.4%
CSP1.L
2.2%

Real Estate

SPXD.L
1.9%
CSP1.L
1.9%

Basic Materials

SPXD.L
1.8%
CSP1.L
1.7%

Compare stocks, funds, or ETFs

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Invesco S&P 500 UCITS ETF Dist

iShares Core S&P 500 UCITS ETF

Often compared with SPXD.L:
SPXD.L vs. CSPX.LSPXD.L vs. SPXP.LSPXD.L vs. FBCVXSPXD.L vs. SPYSPXD.L vs. VOOSPXD.L vs. D5BM.DESPXD.L vs. SPPY.DE
Often compared with CSP1.L:
CSP1.L vs. CSPX.LCSP1.L vs. VUAG.LCSP1.L vs. SPYCSP1.L vs. IUSA.LCSP1.L vs. VUAA.LCSP1.L vs. SPY5.LCSP1.L vs. VOO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPXD.L
SPXD.L Risk / Return Rank: 7575
Overall Rank
SPXD.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SPXD.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
SPXD.L Omega Ratio Rank: 7575
Omega Ratio Rank
SPXD.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
SPXD.L Martin Ratio Rank: 7777
Martin Ratio Rank
CSP1.L
CSP1.L Risk / Return Rank: 8282
Overall Rank
CSP1.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
CSP1.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
CSP1.L Omega Ratio Rank: 8585
Omega Ratio Rank
CSP1.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
CSP1.L Martin Ratio Rank: 7878
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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF Dist (SPXD.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.

SPXD.LCSP1.LDifference
Sharpe ratioReturn per unit of total volatility
2.41
2.48

-0.07

Sortino ratioReturn per unit of downside risk
3.50
3.57

-0.07

Omega ratioGain probability vs. loss probability

1.44

1.44

-0.01

Calmar ratioReturn relative to maximum drawdown

3.31

3.20

+0.11

Martin ratioReturn relative to average drawdown

14.56

13.82

+0.74

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current SPXD.L Sharpe Ratio is 2.41, which is comparable to the CSP1.L Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of SPXD.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.

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Sharpe Ratios by Period

SPXD.LCSP1.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.41

2.48

-0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.88

0.88

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.94

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

1.00

-0.06

Drawdowns

SPXD.L vs. CSP1.L - Drawdown Comparison

The maximum SPXD.L drawdown since its inception was -33.98%, roughly equal to the maximum CSP1.L drawdown of -33.51%. Use the drawdown chart below to compare losses from any high point for SPXD.L and CSP1.L.

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Drawdown Indicators

SPXD.LCSP1.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.98%

-33.51%

-0.47%

Max Drawdown (1Y)

Largest decline over 1 year

-8.35%

-8.68%

+0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-18.29%

-18.69%

+0.40%

Max Drawdown (5Y)

Largest decline over 5 years

-24.17%

-25.16%

+0.99%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.51%

—

Current Drawdown

Current decline from peak

-0.51%

-0.55%

+0.04%

Average Drawdown

Average peak-to-trough decline

-5.06%

-3.87%

-1.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.91%

2.01%

-0.10%

Volatility

SPXD.L vs. CSP1.L - Volatility Comparison

Invesco S&P 500 UCITS ETF Dist (SPXD.L) has a higher volatility of 3.10% compared to iShares Core S&P 500 UCITS ETF (CSP1.L) at 2.58%. This indicates that SPXD.L'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

SPXD.LCSP1.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.10%

2.58%

+0.52%

Volatility (6M)

Calculated over the trailing 6-month period

8.44%

7.99%

+0.45%

Volatility (1Y)

Calculated over the trailing 1-year period

11.46%

11.21%

+0.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.83%

15.68%

+0.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.70%

16.12%

+1.58%

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

SPXD.L has a 0.05% expense ratio, which is lower than CSP1.L's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPXD.L vs. CSP1.L - Dividend Comparison

SPXD.L's dividend yield for the trailing twelve months is around 1.08%, while CSP1.L has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019
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%
SPXD.L
Invesco S&P 500 UCITS ETF Dist		1.08%1.16%1.31%1.51%1.68%1.30%1.55%1.87%

Frequently Asked Questions

With a correlation of 0.91, SPXD.L 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, SPXD.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPXD.L is cheaper with a 0.05% expense ratio, compared with 0.07% for CSP1.L.

Both ETFs track S&P 500 Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.05% for SPXD.L and 0.07% for CSP1.L.

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