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REDDIT

Why is the CSPX IE00B5BMR087 underperforming the S&P 500 Index by so much?

S
Feb 14, 2025 · 19:39

CSPX has made 1.3% YTD, while the S&P 500 index is up 4.32%. I know it tracks an ESG-screened version of the S&P 500, but could ESG exclusions and tracking error alone explain this large gap? Or are there other factors, like currency fluctuations or dividend treatment, at play?