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iShares Core S&P 500 UCITS ETF MXN HedgedIndex, costs, backtest, listings and taxation

ISIN: IE00BL3J3G74Ticker: 0A3D (London SE)Issuer: iShares
Issuer-declared data
Declared index
TER
0.12%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Replication
Physical (from the KID)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
888 mln EUR
NAV
1,875.44 MXN (1 September 2026)
Domicile
Ireland
Inception date
11 December 2019
Data as declared by iShares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

iShares Core S&P 500 UCITS ETF tracks the issuer-declared index: S&P 500 Index. Mind the share class: this is the version hedged to Mexican Peso (MXN) — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.12%, plus 0.00% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 888 million euro, was launched on 11 December 2019 and is domiciled in Ireland. In our registry 4 other ETFs declare the same index.

The fund’s objective — in the issuer’s words

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the S&P 500 Index, the Fund’s benchmark index (Index). The Share Class, via the Fund is passively managed, and aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the Index. The Index measures the performance of the 500 largest companies (i.e. companies with large market capitalisation) within the United States market, according to size, liquidity and free float criteria. Companies are included in the Index based on a free float market capitalisation weighted basis. Free float means that only shares available to international investors rather than all of a company’s issued shares are used in calculating the Index. Free float – adjusted market capitalisation is the share price of a company multiplied by the number of shares available to international investors. Securities that are liquid means that they can be easily bought or sold in the market in normal market conditions. The Fund intends to replicate the Index by holding the equity securities which make up the Index, in similar proportions to it. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. The investment manager may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objectives. FDIs may be used for direct investment purposes. Recommendation: This Fund is suitable for medium to long term investment, though the Fund may also be suitable for shorter term exposure to the Index.

Keep reading the KID section ▾

Your shares will be accumulating shares (i.e. income will be included in their value). The Fund’s base currency is US Dollar. Shares for this Share Class are denominated in Mexican Peso. The performance of your shares may be affected by this currency difference. Your shares will be “hedged” with the aim of reducing the effect of exchange rate fluctuations between their denominated currency and the Fund’s underlying portfolio currencies. FDIs, including FX forward contracts, will be used for currency hedging purposes. The hedging strategy may not completely eliminate currency risk and, therefore, may affect the performance of your shares. The shares are listed on one or more stock exchanges and may be traded in currencies other than their base currency. The performance of your shares may be affected by this currency difference. In normal circumstances, only authorised participants (e.g. select financial institutions) may deal in shares (or interests in shares) directly with the Fund. Other investors can deal in shares (or interests in shares) daily through an intermediary on stock exchange (s) on which the shares are traded. Indicative net asset value is published on relevant stock exchanges websites.

From the KID’s “Objectives” section · 7 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.12%: below the median of equity ETFs we track (0.22%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · MXN · from Dec 2019 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+245.2%
Annualised
+20.2%
Volatility (ann.)
20.3%
Max drawdown
-35.48%
-32%+40%+113%+185%+257%Dec 2019Aug 2021Apr 2023Dec 2024Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+245%Dec 2019Sept 2026
Note — currency risk: the fund is denominated (or hedged) in MXN and the chart is in MXN. For a euro investor, returns also depend on the EUR/MXN exchange rate, up or down.
Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-10%-20%-30%-40%-50%2019202120232025−35.48% · 23 Mar 2020
Max drawdown
-35.48%
peak → trough
Trough
23 Mar 2020
from the 19 Feb 2020 peak
Recovery time
154 days
recovery only: trough to break-even · ≈ 5 months
Underwater
187 days
decline + recovery: peak to break-even · ≈ 6 months · → recovered on 24 Aug 2020

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 Feb 202023 Mar 2020-35.48%24 Aug 2020187
04 Jan 202230 Sept 2022-21.68%13 Jun 2023525
19 Feb 202508 Apr 2025-18.20%12 Jun 2025113
02 Sept 202023 Sept 2020-9.23%09 Nov 202068
31 Jul 202327 Oct 2023-8.81%16 Nov 2023108

Calendar-year returns

2019
3.1%
2020
18.7%
2021
33.6%
2022
-14.3%
2023
33.0%
2024
31.3%
2025
22.2%
2026
15.3%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.7-0.5-5.010.45.4-0.80.22.90.915.3
20253.3-0.9-5.2-0.56.65.32.52.33.92.70.50.322.2
20242.25.83.6-3.85.44.21.62.42.4-0.46.4-1.831.3
20236.6-1.84.22.11.07.23.6-1.1-4.5-1.69.34.933.0
2022-4.8-2.64.0-8.40.5-8.29.6-3.5-8.68.56.0-5.3-14.3
2021-0.82.94.75.50.92.62.73.4-4.37.4-0.35.033.6
20200.4-8.2-14.213.14.72.25.87.5-3.4-2.311.04.118.7
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

We do not publish a tracking difference for this share class — and it is not an oversight.

CSPXX is hedged to MXN; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.

Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the MXN-hedged index series, which the issuer does not publish today.

Still want to know how well this fund tracks its index? Look at the unhedged sister class, CSPX, where fund and index share the same currency: its TD is the right measure of the management, which is the same. Go to the CSPX page →

What tracking difference is and how we compute it →

Risk indicators

Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)12.71%14.87%16.87%20.20%
Max drawdown-8.74%-18.20%-21.68%-35.48%
Sharpe1.581.390.900.92
Sortino2.322.071.311.30
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results.

Portfolio holdings

Securities in portfolio
504
510 total lines: 6 cash & derivatives
Top-10 weight
37.8%

Top 10 holdings

NVIDIA · NVDA
8.07%
APPLE · AAPL
7.02%
MICROSOFT · MSFT
5.69%
AMAZON.COM INC · AMZN
3.84%
ALPHABET CLASS A · GOOGL
3.00%
BROADCOM INC · AVGO
2.65%
ALPHABET CLASS C · GOOG
2.39%
META PLATFORMS CLASS A · META
1.90%
MICRON TECHNOLOGY · MU
1.63%
TESLA INC · TSLA
1.56%

Sectors

Information Technology
37.8%
Financials
12.3%
Communication
9.5%
Health Care
9.3%
Consumer Discretionary
9.1%
Industrials
8.4%
Consumer Staples
4.5%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 100.1%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States100.1%
Download the full portfolio — Excel, 510 rows
Full portfolio declared by iShares, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Share classes of the same fund

This page covers ISIN IE00BL3J3G74 (share class Hedged). The other classes belong to the same fund but may differ in currency, income policy or currency hedging.
Share classISINTickerIncomeCurrency
EUR Hedged (Acc)IE000Y7V5EW2CSPEHAccumulatingEUR
USD (Acc)IE00B5BMR087CSPXAccumulatingUSD
GBP Hedged (Dist)IE00BD8KRH84GSPXDistributingGBP
MXN Hedged (Acc) · this pageIE00BL3J3G74CSPXXAccumulatingMXN
Share classes declared by the issuer in official product lists (same fund = same issuer and same declared name). A dash “—” = not declared — not a zero.

Index tracked

S&P 500 Index
This fund belongs to the S&P 500 family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
I500 · iShares · 5 classes
0.05%Acc. · Dist.13.1 mld EUR
VUAA · Vanguard · 2 classes
0.07%Acc. · Dist.74.8 mld EUR
IUSA · iShares
0.07%Dist.19.8 mld EUR
INCI · iShares · 3 classesactive
0.35%Dist. · Acc.6 mln EUR
5 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00B5BMR087CSSPX(class: USD (Acc))
  • BG Saxozero within the savings plan (buys)
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
IE00BD8KRH84QDVU(class: GBP Hedged (Dist))
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTicker
London Stock Exchange0A3D
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does iShares Core S&P 500 UCITS ETF track?
The issuer iShares declares the benchmark: S&P 500 Index.
How much does CSPXX cost?
The issuer-declared TER is 0.12% per year; the transaction costs estimated in the KID are 0.00%.
How is CSPXX taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of CSPXX?
The fund size declared by iShares is about 888 million euro.
When was CSPXX launched?
The fund was launched on 11 December 2019: it has 6 years of history.
How does CSPXX replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (declared in the KID objectives).
Does CSPXX pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
What was CSPXX's worst fall?
Over the available history (since 2019), the maximum drawdown was -35.48%, reached in March 2020. Past performance is not indicative of future results.
How many securities does CSPXX hold?
The declared portfolio holds 504 securities (plus 6 cash & derivative lines); the top 10 positions weigh 37.8%.
Transparency note
The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.