XMBR.L vs. CS1.L

Last updated Jun 5, 2026

XMBR.L (Xtrackers MSCI Brazil UCITS ETF 1C) and CS1.L (Amundi ETF MSCI Spain UCITS ETF EUR (C)) are both exchange-traded funds - XMBR.L is a Latin America Equities fund tracking the MSCI Brazil NR USD, while CS1.L is a Europe Equities fund tracking the BME IBEX 35 NR EUR. Both are passively managed. Over the past 10 years, XMBR.L returned 8.80%/yr vs 12.13%/yr for CS1.L. At a 0.39 correlation, their price movements are largely independent. XMBR.L charges 0.65%/yr vs 0.25%/yr for CS1.L.

Performance

XMBR.L vs. CS1.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) and Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMBR.L achieves a 9.05% return, which is significantly higher than CS1.L's 6.29% return. Over the past 10 years, XMBR.L has underperformed CS1.L with an annualized return of 8.80%, while CS1.L has yielded a comparatively higher 12.13% annualized return.

XMBR.L

• 1D: -0.49%
• 1M: -11.96%
• YTD: 9.05%
• 6M: 3.14%
• 1Y: 34.54%
• 3Y*: 8.46%
• 5Y*: 5.76%
• 10Y*: 8.80%

CS1.L

• 1D: 0.91%
• 1M: 3.97%
• YTD: 6.29%
• 6M: 10.00%
• 1Y: 37.36%
• 3Y*: 30.04%
• 5Y*: 19.41%
• 10Y*: 12.13%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XMBR.L vs. CS1.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XMBR.L Xtrackers MSCI Brazil UCITS ETF 1C	9.05%	38.26%	-28.61%	25.42%	25.85%	-17.12%	-21.96%	20.39%	4.70%	12.88%
CS1.L Amundi ETF MSCI Spain UCITS ETF EUR (C)	6.29%	62.63%	14.12%	24.14%	4.89%	0.59%	-7.48%	8.06%	-11.27%	15.93%

Correlation

The correlation between XMBR.L and CS1.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Dec 20, 2011	0.39

XMBR.L vs. CS1.L - Sectors Allocation Comparison

Sectors	XMBR.L	CS1.L
Financial Services	33.2%	40.3%
Energy	18.9%	2.8%
Basic Materials	13.7%	1.3%
Utilities	12.7%	19.0%
Industrials	10.8%	15.8%
Consumer Defensive	4.2%	0.3%
Healthcare	2.2%	0.7%
Communication Services	2.0%	2.4%
Consumer Cyclical	1.3%	10.8%
Technology	1.1%	3.2%
Real Estate	-	3.3%

Return for Risk

XMBR.L vs. CS1.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XMBR.L

XMBR.L Risk / Return Rank: 45
XMBR.L Sharpe Ratio Rank: 48
XMBR.L Sortino Ratio Rank: 45
XMBR.L Omega Ratio Rank: 45
XMBR.L Calmar Ratio Rank: 44
XMBR.L Martin Ratio Rank: 45

CS1.L

CS1.L Risk / Return Rank: 70
CS1.L Sharpe Ratio Rank: 72
CS1.L Sortino Ratio Rank: 68
CS1.L Omega Ratio Rank: 71
CS1.L Calmar Ratio Rank: 73
CS1.L Martin Ratio Rank: 67

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.

XMBR.L vs. CS1.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) and Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.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.

	XMBR.L	CS1.L	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.30	-0.67
Sortino ratio: Return per unit of downside risk	2.21	3.07	-0.87
Omega ratio: Gain probability vs. loss probability	1.29	1.42	-0.13
Calmar ratio: Return relative to maximum drawdown	2.14	3.60	-1.46
Martin ratio: Return relative to average drawdown	7.28	12.14	-4.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMBR.L vs. CS1.L - Sharpe Ratio Comparison

The current XMBR.L Sharpe Ratio is 1.63, which is comparable to the CS1.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of XMBR.L and CS1.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.

Sharpe Ratios by Period

	XMBR.L	CS1.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.63	2.30	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	1.16	-0.94
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.66	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.49	-0.39

Drawdowns

XMBR.L vs. CS1.L - Drawdown Comparison

The maximum XMBR.L drawdown since its inception was -72.01%, which is greater than CS1.L's maximum drawdown of -38.87%. Use the drawdown chart below to compare losses from any high point for XMBR.L and CS1.L.

Drawdown Indicators

	XMBR.L	CS1.L	Difference
Max Drawdown Largest peak-to-trough decline	-72.01%	-38.87%	-33.14%
Max Drawdown (1Y) Largest decline over 1 year	-16.06%	-10.34%	-5.72%
Max Drawdown (3Y) Largest decline over 3 years	-29.72%	-10.34%	-19.38%
Max Drawdown (5Y) Largest decline over 5 years	-30.62%	-18.82%	-11.80%
Max Drawdown (10Y) Largest decline over 10 years	-53.50%	-38.87%	-14.63%
Current Drawdown Current decline from peak	-16.06%	-0.98%	-15.08%
Average Drawdown Average peak-to-trough decline	-27.83%	-10.34%	-17.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	3.07%	+1.66%

Volatility

XMBR.L vs. CS1.L - Volatility Comparison

Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) has a higher volatility of 5.57% compared to Amundi ETF MSCI Spain UCITS ETF EUR (C) (CS1.L) at 4.68%. This indicates that XMBR.L's price experiences larger fluctuations and is considered to be riskier than CS1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMBR.L	CS1.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.57%	4.68%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	17.44%	13.37%	+4.07%
Volatility (1Y) Calculated over the trailing 1-year period	21.08%	16.14%	+4.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.88%	16.72%	+9.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.26%	18.48%	+12.78%

XMBR.L vs. CS1.L - Expense Ratio Comparison

XMBR.L has a 0.65% expense ratio, which is higher than CS1.L's 0.25% expense ratio.

Dividends

XMBR.L vs. CS1.L - Dividend Comparison

Neither XMBR.L nor CS1.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XMBR.L and CS1.L in my portfolio?

XMBR.L and CS1.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMBR.L or CS1.L?

On fees, CS1.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMBR.L or CS1.L?

CS1.L is cheaper with a 0.25% expense ratio, compared with 0.65% for XMBR.L.

What is the main difference between XMBR.L and CS1.L?

XMBR.L is categorized as Latin America Equities, while CS1.L is Europe Equities. XMBR.L tracks MSCI Brazil NR USD, while CS1.L tracks BME IBEX 35 NR EUR. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.65% for XMBR.L and 0.25% for CS1.L.