XSXG.L vs. CSPX.L
XSXG.L (Xtrackers S&P 500 Swap UCITS ETF 1D) 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 Xtrackers and BlackRock respectively. Both are passively managed. Over the past 3 years, XSXG.L returned 19.21%/yr vs 19.08%/yr for CSPX.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.
Performance
XSXG.L vs. CSPX.L - Performance Comparison
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Different Trading Currencies
XSXG.L is traded in GBP, while CSPX.L is traded in USD. To make them comparable, the CSPX.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with XSXG.L having a 10.62% return and CSPX.L slightly higher at 10.72%.
XSXG.L
- 1D
- 0.00%
- 1M
- 5.53%
- YTD
- 10.62%
- 6M
- 10.52%
- 1Y
- 29.28%
- 3Y*
- 19.21%
- 5Y*
- —
- 10Y*
- —
CSPX.L
- 1D
- 0.00%
- 1M
- 5.42%
- YTD
- 10.72%
- 6M
- 10.33%
- 1Y
- 29.03%
- 3Y*
- 19.08%
- 5Y*
- 14.94%
- 10Y*
- 16.07%
XSXG.L vs. CSPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSXG.L Xtrackers S&P 500 Swap UCITS ETF 1D | 10.62% | 9.55% | 27.53% | 20.03% | 2.67% |
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc) | 10.77% | 9.09% | 27.44% | 20.40% | 3.04% |
Correlation
The correlation between XSXG.L and CSPX.L is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2022 | 0.91 |
The correlation between XSXG.L and CSPX.L has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.
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Return for Risk
XSXG.L vs. CSPX.L — Risk / Return Rank
XSXG.L
CSPX.L
XSXG.L vs. CSPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Swap UCITS ETF 1D (XSXG.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.
| XSXG.L | CSPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.44 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 3.95 | +0.06 |
| Martin ratioReturn relative to average drawdown | 14.45 | 13.49 | +0.96 |
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
| XSXG.L | CSPX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.77 | 2.38 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.97 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.98 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.98 | +0.29 |
Drawdowns
XSXG.L vs. CSPX.L - Drawdown Comparison
The maximum XSXG.L drawdown since its inception was -21.10%, smaller than the maximum CSPX.L drawdown of -25.99%. Use the drawdown chart below to compare losses from any high point for XSXG.L and CSPX.L.
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Drawdown Indicators
| XSXG.L | CSPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.10% | -25.99% | +4.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.27% | -7.22% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -21.10% | -21.16% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.99% | — |
Current DrawdownCurrent decline from peak | -0.22% | -0.28% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -3.44% | -3.29% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.13% | -0.11% |
Volatility
XSXG.L vs. CSPX.L - Volatility Comparison
The current volatility for Xtrackers S&P 500 Swap UCITS ETF 1D (XSXG.L) is 2.62%, while iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) has a volatility of 3.49%. This indicates that XSXG.L 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
| XSXG.L | CSPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.49% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.18% | 8.67% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 11.99% | -1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 15.39% | -1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 16.37% | -2.46% |
XSXG.L vs. CSPX.L - Expense Ratio Comparison
Both XSXG.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
XSXG.L vs. CSPX.L - Dividend Comparison
XSXG.L's dividend yield for the trailing twelve months is around 0.82%, while CSPX.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
CSPX.L iShares Core S&P 500 UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XSXG.L Xtrackers S&P 500 Swap UCITS ETF 1D | 0.82% | 0.92% | 1.11% | 1.30% | 0.38% |
Frequently Asked Questions
XSXG.L and CSPX.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XSXG.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: Xtrackers and BlackRock.
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