SXLP.L vs. CSPE.L
SXLP.L (SPDR S&P US Consumer Staples Select Sector UCITS ETF) and CSPE.L (SPDR MSCI Europe Consumer Staples UCITS ETF) are both Consumer Staples Equities funds from State Street tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Both are passively managed. Over the past 3 years, SXLP.L returned 7.27%/yr vs 2.56%/yr for CSPE.L. At a 0.33 correlation, their price movements are largely independent. SXLP.L charges 0.15%/yr vs 0.18%/yr for CSPE.L.
Performance
SXLP.L vs. CSPE.L - Performance Comparison
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Different Trading Currencies
SXLP.L is traded in USD, while CSPE.L is traded in GBP. To make them comparable, the CSPE.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SXLP.L achieves a 6.25% return, which is significantly higher than CSPE.L's -2.60% return.
SXLP.L
- 1D
- 1.36%
- 1M
- -4.09%
- YTD
- 6.25%
- 6M
- 5.40%
- 1Y
- 2.81%
- 3Y*
- 7.27%
- 5Y*
- 5.72%
- 10Y*
- 7.10%
CSPE.L
- 1D
- -0.57%
- 1M
- -2.53%
- YTD
- -2.60%
- 6M
- -1.84%
- 1Y
- -1.55%
- 3Y*
- 2.56%
- 5Y*
- —
- 10Y*
- —
SXLP.L vs. CSPE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SXLP.L SPDR S&P US Consumer Staples Select Sector UCITS ETF | 6.25% | 2.99% | 13.10% | -1.70% | -0.11% |
CSPE.L SPDR MSCI Europe Consumer Staples UCITS ETF | -2.60% | 21.84% | -7.65% | 3.48% | -6.49% |
Correlation
The correlation between SXLP.L and CSPE.L is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.33 |
Over the past year, SXLP.L and CSPE.L have become more correlated (0.59) than their long-term average of 0.33, meaning their price movements have been converging.
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Return for Risk
SXLP.L vs. CSPE.L — Risk / Return Rank
SXLP.L
CSPE.L
SXLP.L vs. CSPE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Consumer Staples Select Sector UCITS ETF (SXLP.L) and SPDR MSCI Europe Consumer Staples UCITS ETF (CSPE.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.
| SXLP.L | CSPE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.99 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.11 | +0.41 |
| Martin ratioReturn relative to average drawdown | 0.63 | -0.25 | +0.88 |
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
| SXLP.L | CSPE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | -0.11 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.13 | +0.41 |
Drawdowns
SXLP.L vs. CSPE.L - Drawdown Comparison
The maximum SXLP.L drawdown since its inception was -24.00%, which is greater than CSPE.L's maximum drawdown of -19.30%. Use the drawdown chart below to compare losses from any high point for SXLP.L and CSPE.L.
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Drawdown Indicators
| SXLP.L | CSPE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -19.30% | -4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -9.43% | -13.99% | +4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -12.93% | -15.85% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -16.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.00% | — | — |
Current DrawdownCurrent decline from peak | -8.20% | -12.25% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -6.57% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 6.08% | -1.68% |
Volatility
SXLP.L vs. CSPE.L - Volatility Comparison
SPDR S&P US Consumer Staples Select Sector UCITS ETF (SXLP.L) has a higher volatility of 5.78% compared to SPDR MSCI Europe Consumer Staples UCITS ETF (CSPE.L) at 5.26%. This indicates that SXLP.L's price experiences larger fluctuations and is considered to be riskier than CSPE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXLP.L | CSPE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.78% | 5.26% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 11.54% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.72% | 14.39% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 19.17% | -5.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.53% | 19.17% | -5.64% |
SXLP.L vs. CSPE.L - Expense Ratio Comparison
SXLP.L has a 0.15% expense ratio, which is lower than CSPE.L's 0.18% 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
SXLP.L vs. CSPE.L - Dividend Comparison
Neither SXLP.L nor CSPE.L has paid dividends to shareholders.
Frequently Asked Questions
SXLP.L and CSPE.L have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXLP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXLP.L is cheaper with a 0.15% expense ratio, compared with 0.18% for CSPE.L.
Both ETFs track Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR. Their fees differ too: 0.15% for SXLP.L and 0.18% for CSPE.L.
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