SSAC.L vs. CSSPX.MI
SSAC.L (iShares MSCI ACWI UCITS ETF (Acc)) and CSSPX.MI (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - SSAC.L is a Global Equities fund tracking the MSCI ACWI NR USD, while CSSPX.MI is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SSAC.L returned 13.64%/yr vs 16.18%/yr for CSSPX.MI. Their correlation of 0.84 suggests significant overlap in exposure. SSAC.L charges 0.20%/yr vs 0.07%/yr for CSSPX.MI.
Performance
SSAC.L vs. CSSPX.MI - Performance Comparison
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Different Trading Currencies
SSAC.L is traded in GBp, while CSSPX.MI is traded in EUR. To make them comparable, the CSSPX.MI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SSAC.L achieves a 11.92% return, which is significantly higher than CSSPX.MI's 10.51% return. Over the past 10 years, SSAC.L has underperformed CSSPX.MI with an annualized return of 13.64%, while CSSPX.MI has yielded a comparatively higher 16.18% annualized return.
SSAC.L
- 1D
- -0.34%
- 1M
- 5.84%
- YTD
- 11.92%
- 6M
- 12.52%
- 1Y
- 30.38%
- 3Y*
- 18.28%
- 5Y*
- 12.59%
- 10Y*
- 13.64%
CSSPX.MI
- 1D
- -0.27%
- 1M
- 6.19%
- YTD
- 10.51%
- 6M
- 10.42%
- 1Y
- 29.22%
- 3Y*
- 19.31%
- 5Y*
- 14.94%
- 10Y*
- 16.18%
SSAC.L vs. CSSPX.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSAC.L iShares MSCI ACWI UCITS ETF (Acc) | 11.92% | 13.95% | 19.63% | 16.14% | -8.56% | 20.35% | 11.80% | 22.09% | -4.79% | 13.30% |
CSSPX.MI iShares Core S&P 500 UCITS ETF USD (Acc) | 10.51% | 9.69% | 27.93% | 19.59% | -9.90% | 30.95% | 13.64% | 27.28% | 0.35% | 11.26% |
Correlation
The correlation between SSAC.L and CSSPX.MI is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2011 | 0.84 |
The correlation between SSAC.L and CSSPX.MI has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
SSAC.L vs. CSSPX.MI — Risk / Return Rank
SSAC.L
CSSPX.MI
SSAC.L vs. CSSPX.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI). 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.
| SSAC.L | CSSPX.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.48 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 4.12 | +0.19 |
| Martin ratioReturn relative to average drawdown | 17.42 | 14.85 | +2.57 |
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
| SSAC.L | CSSPX.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | 2.65 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 1.01 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 1.01 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 0.96 | -0.06 |
Drawdowns
SSAC.L vs. CSSPX.MI - Drawdown Comparison
The maximum SSAC.L drawdown since its inception was -25.43%, roughly equal to the maximum CSSPX.MI drawdown of -26.14%. Use the drawdown chart below to compare losses from any high point for SSAC.L and CSSPX.MI.
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Drawdown Indicators
| SSAC.L | CSSPX.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.43% | -26.14% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -7.09% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.99% | -21.97% | +3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -17.99% | -21.97% | +3.98% |
Max Drawdown (10Y)Largest decline over 10 years | -25.43% | -26.14% | +0.71% |
Current DrawdownCurrent decline from peak | -0.34% | -0.27% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.50% | -3.34% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.74% | 1.97% | -0.23% |
Volatility
SSAC.L vs. CSSPX.MI - Volatility Comparison
The current volatility for iShares MSCI ACWI UCITS ETF (Acc) (SSAC.L) is 2.89%, while iShares Core S&P 500 UCITS ETF USD (Acc) (CSSPX.MI) has a volatility of 3.13%. This indicates that SSAC.L experiences smaller price fluctuations and is considered to be less risky than CSSPX.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSAC.L | CSSPX.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 3.13% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 7.42% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.51% | 11.06% | -0.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 14.74% | -1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.38% | 15.97% | -1.59% |
SSAC.L vs. CSSPX.MI - Expense Ratio Comparison
SSAC.L has a 0.20% expense ratio, which is higher than CSSPX.MI'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
SSAC.L vs. CSSPX.MI - Dividend Comparison
Neither SSAC.L nor CSSPX.MI has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, SSAC.L and CSSPX.MI 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, CSSPX.MI is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSPX.MI is cheaper with a 0.07% expense ratio, compared with 0.20% for SSAC.L.
SSAC.L is categorized as Global Equities, while CSSPX.MI is S&P 500. SSAC.L tracks MSCI ACWI NR USD, while CSSPX.MI tracks S&P 500 Index. Their fees differ too: 0.20% for SSAC.L and 0.07% for CSSPX.MI.
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