SXR8.DE vs. CSPX.L
SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) and CSPX.L (iShares Core S&P 500 UCITS ETF USD (Acc)) are both S&P 500 funds tracking the S&P 500 Index, from iShares and BlackRock respectively. Both are passively managed. Over the past 10 years, SXR8.DE returned 14.87%/yr vs 14.87%/yr for CSPX.L. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
SXR8.DE vs. CSPX.L - Performance Comparison
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Different Trading Currencies
SXR8.DE is traded in EUR, while CSPX.L is traded in USD. To make them comparable, the CSPX.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 SXR8.DE having a 9.96% return and CSPX.L slightly higher at 10.06%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: SXR8.DE at 14.87% and CSPX.L at 14.87%.
SXR8.DE
- 1D
- 1.56%
- 1M
- 0.10%
- YTD
- 9.96%
- 6M
- 11.01%
- 1Y
- 24.90%
- 3Y*
- 17.96%
- 5Y*
- 14.24%
- 10Y*
- 14.87%
CSPX.L
- 1D
- 2.10%
- 1M
- 0.05%
- YTD
- 10.06%
- 6M
- 11.30%
- 1Y
- 24.68%
- 3Y*
- 17.98%
- 5Y*
- 14.27%
- 10Y*
- 14.87%
SXR8.DE vs. CSPX.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% |
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc) | 10.06% | 3.52% | 33.52% | 22.94% | -13.69% | 39.03% | 7.93% | 33.50% | -1.02% | 6.66% |
Correlation
The correlation between SXR8.DE and CSPX.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 | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2010 | 0.86 |
The correlation between SXR8.DE and CSPX.L has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
SXR8.DE vs. CSPX.L — Risk / Return Rank
SXR8.DE
CSPX.L
SXR8.DE vs. CSPX.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 USD (Acc) (CSPX.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 | CSPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.47 | +0.05 |
| Martin ratioReturn relative to average drawdown | 12.50 | 11.77 | +0.73 |
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Drawdowns
SXR8.DE vs. CSPX.L - Drawdown Comparison
The maximum SXR8.DE drawdown since its inception was -33.78%, roughly equal to the maximum CSPX.L drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for SXR8.DE and CSPX.L.
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Drawdown Indicators
| SXR8.DE | CSPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -33.40% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -7.09% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -23.32% | -22.56% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -23.32% | -22.56% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -33.40% | -0.38% |
Current DrawdownCurrent decline from peak | -1.72% | -1.74% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -5.22% | -4.11% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.09% | -0.13% |
Volatility
SXR8.DE vs. CSPX.L - Volatility Comparison
The current volatility for iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) is 3.08%, while iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) has a volatility of 4.02%. This indicates that SXR8.DE experiences smaller price fluctuations and is considered to be less risky than CSPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXR8.DE | CSPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 4.02% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 9.09% | -1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.78% | 12.75% | -0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 16.00% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 16.64% | -0.56% |
SXR8.DE vs. CSPX.L - Expense Ratio Comparison
Both SXR8.DE and CSPX.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. CSPX.L - Dividend Comparison
Neither SXR8.DE nor CSPX.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SXR8.DE and CSPX.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 CSPX.L have the same expense ratio: 0.07% per year.
Both ETFs track S&P 500 Index. They also come from different issuers: iShares and BlackRock.
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