SXR8.DE vs. CSP1.L
SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) and CSP1.L (iShares Core S&P 500 UCITS ETF) are both S&P 500 funds from iShares tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SXR8.DE returned 14.87%/yr vs 14.86%/yr for CSP1.L. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
SXR8.DE vs. CSP1.L - Performance Comparison
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Different Trading Currencies
SXR8.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 stocks are quite close, with SXR8.DE having a 9.96% return and CSP1.L slightly lower at 9.90%. Both investments have delivered pretty close results over the past 10 years, with SXR8.DE having a 14.87% annualized return and CSP1.L not far behind at 14.86%.
SXR8.DE
- 1D
- 1.56%
- 1M
- 0.60%
- YTD
- 9.96%
- 6M
- 11.01%
- 1Y
- 24.90%
- 3Y*
- 17.96%
- 5Y*
- 14.24%
- 10Y*
- 14.87%
CSP1.L
- 1D
- 1.37%
- 1M
- 0.52%
- YTD
- 9.90%
- 6M
- 10.98%
- 1Y
- 24.79%
- 3Y*
- 17.89%
- 5Y*
- 14.23%
- 10Y*
- 14.86%
SXR8.DE vs. CSP1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 9.96% | 4.73% | 32.32% | 22.47% | -14.31% | 40.74% | 6.80% | 34.49% | -1.05% | 6.67% |
CSP1.L iShares Core S&P 500 UCITS ETF | 9.90% | 3.67% | 33.49% | 22.33% | -13.74% | 39.60% | 7.48% | 34.46% | -1.22% | 6.46% |
Correlation
The correlation between SXR8.DE and CSP1.L is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.88 |
The correlation between SXR8.DE and CSP1.L has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.
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Return for Risk
SXR8.DE vs. CSP1.L — Risk / Return Rank
SXR8.DE
CSP1.L
SXR8.DE vs. CSP1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SXR8.DE | CSP1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.37 | +0.15 |
| Martin ratioReturn relative to average drawdown | 12.50 | 12.09 | +0.41 |
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Drawdowns
SXR8.DE vs. CSP1.L - Drawdown Comparison
The maximum SXR8.DE drawdown since its inception was -33.78%, roughly equal to the maximum CSP1.L drawdown of -32.91%. Use the drawdown chart below to compare losses from any high point for SXR8.DE and CSP1.L.
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Drawdown Indicators
| SXR8.DE | CSP1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -32.91% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -7.17% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -22.35% | -0.97% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -22.35% | -0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -32.91% | -0.87% |
Current DrawdownCurrent decline from peak | -1.72% | -1.87% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -4.35% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.00% | -0.04% |
Volatility
SXR8.DE vs. CSP1.L - Volatility Comparison
iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) and iShares Core S&P 500 UCITS ETF (CSP1.L) have volatilities of 3.08% and 3.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXR8.DE | CSP1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 3.02% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 7.72% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.78% | 11.51% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 20.58% | -5.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 18.89% | -2.81% |
SXR8.DE vs. CSP1.L - Expense Ratio Comparison
Both SXR8.DE and CSP1.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SXR8.DE vs. CSP1.L - Dividend Comparison
Neither SXR8.DE nor CSP1.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, SXR8.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.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE and CSP1.L have the same expense ratio: 0.07% per year.
Both ETFs track S&P 500 Index.
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