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VUSD.L vs. CSPX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VUSD.L vs. CSPX.L

Last updated Jun 5, 2026

VUSD.L (Vanguard S&P 500 UCITS ETF) 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 Vanguard and BlackRock respectively. Both are passively managed. Over the past 10 years, VUSD.L returned 15.21%/yr vs 15.22%/yr for CSPX.L. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.07% expense ratio.

Performance

VUSD.L vs. CSPX.L - Performance Comparison

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

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Returns By Period

The year-to-date returns for both stocks are quite close, with VUSD.L having a 10.34% return and CSPX.L slightly lower at 10.32%. Both investments have delivered pretty close results over the past 10 years, with VUSD.L having a 15.21% annualized return and CSPX.L not far ahead at 15.22%.

VUSD.L

1D
0.02%
1M
3.22%
YTD
10.34%
6M
10.77%
1Y
27.61%
3Y*
22.17%
5Y*
13.71%
10Y*
15.21%

CSPX.L

1D
0.01%
1M
3.23%
YTD
10.32%
6M
10.81%
1Y
27.55%
3Y*
22.17%
5Y*
13.72%
10Y*
15.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VUSD.L vs. CSPX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VUSD.L
Vanguard S&P 500 UCITS ETF		10.34%17.37%25.26%26.78%-18.74%29.43%17.63%30.53%-5.54%21.66%
CSPX.L
iShares Core S&P 500 UCITS ETF USD (Acc)		10.32%17.45%25.25%26.74%-18.72%29.35%17.62%30.55%-5.46%21.60%

Correlation

The correlation between VUSD.L and CSPX.L is 0.97 - 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

0.97

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

0.99

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

0.99

Correlation (10Y)
Calculated over the trailing 10-year period

0.99

Correlation (All Time)
Calculated using the full available price history since May 24, 2012

0.97

The correlation between VUSD.L and CSPX.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

VUSD.L vs. CSPX.L - Sectors Allocation Comparison

Sectors
VUSD.L
CSPX.L

Technology

35.7%
38.2%

Financial Services

11.6%
11.1%

Communication Services

11.3%
10.9%

Consumer Cyclical

10.2%
10.0%

Healthcare

8.5%
8.3%

Industrials

8.3%
7.9%

Consumer Defensive

4.9%
4.7%

Energy

3.5%
3.2%

Utilities

2.4%
2.2%

Real Estate

1.9%
1.9%

Basic Materials

1.8%
1.7%

Technology

VUSD.L
35.7%
CSPX.L
38.2%

Financial Services

VUSD.L
11.6%
CSPX.L
11.1%

Communication Services

VUSD.L
11.3%
CSPX.L
10.9%

Consumer Cyclical

VUSD.L
10.2%
CSPX.L
10.0%

Healthcare

VUSD.L
8.5%
CSPX.L
8.3%

Industrials

VUSD.L
8.3%
CSPX.L
7.9%

Consumer Defensive

VUSD.L
4.9%
CSPX.L
4.7%

Energy

VUSD.L
3.5%
CSPX.L
3.2%

Utilities

VUSD.L
2.4%
CSPX.L
2.2%

Real Estate

VUSD.L
1.9%
CSPX.L
1.9%

Basic Materials

VUSD.L
1.8%
CSPX.L
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P 500 UCITS ETF

iShares Core S&P 500 UCITS ETF USD (Acc)

Often compared with VUSD.L:
VUSD.L vs. VOOVUSD.L vs. CSPX.ASVUSD.L vs. VUAA.LVUSD.L vs. VWRL.ASVUSD.L vs. SPYVUSD.L vs. TMFCVUSD.L vs. IVV
Often compared with CSPX.L:
CSPX.L vs. VOOCSPX.L vs. VUAA.LCSPX.L vs. SPYCSPX.L vs. CSPX.ASCSPX.L vs. CSP1.LCSPX.L vs. VWRL.ASCSPX.L vs. IVV

Return for Risk

VUSD.L vs. CSPX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VUSD.L
VUSD.L Risk / Return Rank: 7575
Overall Rank
VUSD.L Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
VUSD.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
VUSD.L Omega Ratio Rank: 7474
Omega Ratio Rank
VUSD.L Calmar Ratio Rank: 7070
Calmar Ratio Rank
VUSD.L Martin Ratio Rank: 7777
Martin Ratio Rank
CSPX.L
CSPX.L Risk / Return Rank: 7373
Overall Rank
CSPX.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
CSPX.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
CSPX.L Omega Ratio Rank: 7272
Omega Ratio Rank
CSPX.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
CSPX.L Martin Ratio Rank: 7777
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.

VUSD.L vs. CSPX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (VUSD.L) 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.

VUSD.LCSPX.LDifference
Sharpe ratioReturn per unit of total volatility
2.36
2.32

+0.04

Sortino ratioReturn per unit of downside risk
3.46
3.41

+0.05

Omega ratioGain probability vs. loss probability

1.43

1.42

+0.01

Calmar ratioReturn relative to maximum drawdown

3.39

3.35

+0.04

Martin ratioReturn relative to average drawdown

14.57

14.51

+0.06

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

VUSD.L vs. CSPX.L - Sharpe Ratio Comparison

The current VUSD.L Sharpe Ratio is 2.36, which is comparable to the CSPX.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of VUSD.L and CSPX.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

VUSD.LCSPX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.36

2.32

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

0.86

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.93

0.94

0.00

Sharpe Ratio (All Time)

Calculated using the full available price history

0.98

0.94

+0.04

Drawdowns

VUSD.L vs. CSPX.L - Drawdown Comparison

The maximum VUSD.L drawdown since its inception was -33.93%, roughly equal to the maximum CSPX.L drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for VUSD.L and CSPX.L.

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Drawdown Indicators

VUSD.LCSPX.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.93%

-33.90%

-0.03%

Max Drawdown (1Y)

Largest decline over 1 year

-8.18%

-8.17%

-0.01%

Max Drawdown (3Y)

Largest decline over 3 years

-18.44%

-18.50%

+0.06%

Max Drawdown (5Y)

Largest decline over 5 years

-24.42%

-24.39%

-0.03%

Max Drawdown (10Y)

Largest decline over 10 years

-33.93%

-33.90%

-0.03%

Current Drawdown

Current decline from peak

-0.54%

-0.53%

-0.01%

Average Drawdown

Average peak-to-trough decline

-3.71%

-3.72%

+0.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.91%

1.90%

+0.01%

Volatility

VUSD.L vs. CSPX.L - Volatility Comparison

Vanguard S&P 500 UCITS ETF (VUSD.L) and iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) have volatilities of 3.19% and 3.13%, 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

VUSD.LCSPX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.19%

3.13%

+0.06%

Volatility (6M)

Calculated over the trailing 6-month period

8.59%

8.70%

-0.11%

Volatility (1Y)

Calculated over the trailing 1-year period

11.73%

11.80%

-0.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.00%

15.97%

+0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.25%

16.19%

+0.06%

VUSD.L vs. CSPX.L - Expense Ratio Comparison

Both VUSD.L 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

VUSD.L vs. CSPX.L - Dividend Comparison

VUSD.L's dividend yield for the trailing twelve months is around 0.86%, while CSPX.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CSPX.L
iShares Core S&P 500 UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VUSD.L
Vanguard S&P 500 UCITS ETF		0.86%0.94%1.03%1.22%1.43%1.06%1.34%1.45%1.78%1.54%1.72%1.78%

Frequently Asked Questions

With a correlation of 0.97, VUSD.L 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.

VUSD.L 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: Vanguard and BlackRock.

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