WPAD.AS vs. CSPX.AS
WPAD.AS (iShares MSCI World Paris-Aligned Climate UCITS ETF) and CSPX.AS (iShares Core S&P 500 UCITS ETF) are both exchange-traded funds - WPAD.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while CSPX.AS is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, WPAD.AS returned 10.99%/yr vs 13.72%/yr for CSPX.AS. A 0.56 correlation means they provide meaningful diversification when combined. WPAD.AS charges 0.20%/yr vs 0.07%/yr for CSPX.AS.
Performance
WPAD.AS vs. CSPX.AS - Performance Comparison
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Different Trading Currencies
WPAD.AS is traded in USD, while CSPX.AS is traded in EUR. To make them comparable, the CSPX.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WPAD.AS achieves a 6.29% return, which is significantly lower than CSPX.AS's 10.29% return.
WPAD.AS
- 1D
- -0.58%
- 1M
- 4.56%
- YTD
- 6.29%
- 6M
- 8.00%
- 1Y
- 22.00%
- 3Y*
- 18.84%
- 5Y*
- 10.99%
- 10Y*
- —
CSPX.AS
- 1D
- -0.56%
- 1M
- 5.30%
- YTD
- 10.29%
- 6M
- 10.98%
- 1Y
- 28.30%
- 3Y*
- 22.37%
- 5Y*
- 13.72%
- 10Y*
- 15.27%
WPAD.AS vs. CSPX.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WPAD.AS iShares MSCI World Paris-Aligned Climate UCITS ETF | 6.29% | 19.02% | 18.93% | 24.83% | -22.07% | 12.00% |
CSPX.AS iShares Core S&P 500 UCITS ETF | 10.29% | 17.97% | 25.59% | 26.14% | -19.39% | 15.36% |
Correlation
The correlation between WPAD.AS and CSPX.AS is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2021 | 0.56 |
Over the past year, WPAD.AS and CSPX.AS have become more correlated (0.81) than their long-term average of 0.56, meaning their price movements have been converging.
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Return for Risk
WPAD.AS vs. CSPX.AS — Risk / Return Rank
WPAD.AS
CSPX.AS
WPAD.AS vs. CSPX.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) and iShares Core S&P 500 UCITS ETF (CSPX.AS). 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.
| WPAD.AS | CSPX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.26 | -0.89 |
| Martin ratioReturn relative to average drawdown | 9.47 | 13.87 | -4.40 |
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
| WPAD.AS | CSPX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.47 | -0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.85 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.85 | -0.01 |
Drawdowns
WPAD.AS vs. CSPX.AS - Drawdown Comparison
The maximum WPAD.AS drawdown since its inception was -29.34%, smaller than the maximum CSPX.AS drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for WPAD.AS and CSPX.AS.
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Drawdown Indicators
| WPAD.AS | CSPX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.34% | -34.12% | +4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -8.56% | -1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -17.77% | -19.52% | +1.75% |
Max Drawdown (5Y)Largest decline over 5 years | -29.34% | -24.42% | -4.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.12% | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.56% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -4.11% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.02% | +0.40% |
Volatility
WPAD.AS vs. CSPX.AS - Volatility Comparison
iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) has a higher volatility of 3.74% compared to iShares Core S&P 500 UCITS ETF (CSPX.AS) at 2.99%. This indicates that WPAD.AS's price experiences larger fluctuations and is considered to be riskier than CSPX.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WPAD.AS | CSPX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 2.99% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 7.95% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 11.33% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.21% | 15.84% | +4.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 16.30% | +3.89% |
WPAD.AS vs. CSPX.AS - Expense Ratio Comparison
WPAD.AS has a 0.20% expense ratio, which is higher than CSPX.AS'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
WPAD.AS vs. CSPX.AS - Dividend Comparison
WPAD.AS's dividend yield for the trailing twelve months is around 0.98%, while CSPX.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CSPX.AS iShares Core S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WPAD.AS iShares MSCI World Paris-Aligned Climate UCITS ETF | 0.98% | 1.05% | 1.10% | 1.23% | 1.48% | 0.28% |
Frequently Asked Questions
WPAD.AS and CSPX.AS have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSPX.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSPX.AS is cheaper with a 0.07% expense ratio, compared with 0.20% for WPAD.AS.
WPAD.AS is categorized as Global Equities, while CSPX.AS is S&P 500. WPAD.AS tracks MSCI ACWI NR USD, while CSPX.AS tracks S&P 500 Index. Their fees differ too: 0.20% for WPAD.AS and 0.07% for CSPX.AS.
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