Should I buy CSPX stock in 2025?

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At HelloSafe, our expert has been monitoring the performance of CSPX for more than three years. Every month, thousands of users in Singapore rely on us to interpret market trends and highlight the best investment opportunities. Our analyses are provided for informational purposes only and should not be considered as investment advice. In line with our ethical charter, we have never been, and will never be, compensated by CSPX.

What is CSPX?

How much is CSPX stock?

The price of CSPX stock is falling this week. As of now, CSPX is trading at $604.54, down by $0.55 (-0.09%) over the past 24 hours, but showing a strong weekly gain of +13.89%. The fund holds a market capitalization of $94.79 billion, with a three-month average volume standing at approximately 28,460 shares. Its current price-to-earnings (P/E) ratio sits at 21.01, with a dividend yield of 1.53%, and a stock beta close to 1.0, reflecting broad market movement. Investors in Singapore may want to note the recent high volatility, offering both opportunity and risk in this globally diversified ETF.

Our full analysis on CSPX stock

We have conducted a rigorous and data-driven review of CSPX’s latest financials, assessing its price performance over three years and integrating technical, fundamental, and market analyses from multiple proprietary and public sources. Leveraging advanced algorithms, our synthesis captures not only the key quantitative signals but also broader macro, sectoral, and competitive dynamics. So, why might CSPX once again emerge as a strategic entry point into global equities—and particularly large-cap US technology—in 2025?

Recent Performance and Market Context

Robust Price Action Amid Dynamic Markets

CSPX (iShares Core S&P 500 UCITS ETF) has showcased impressive resilience and adaptability in fluctuating market conditions. As of May 9, 2025, the ETF trades at $604.54, with only a modest daily movement (-0.09%) despite meaningful recent volatility. Notably, the ETF delivered an outstanding 10.80% gain over the past month and an exceptional 13.89% gain over the last week, which signals strong investor confidence returning after earlier softness in 2025.

Looking at longer horizons, CSPX posted a 1-year return of +10.30% and an impressive 3-year total return of +34.13%, nearly doubling over five years (+99.39%). This performance is materially aligned with its benchmark and demonstrates not only stability but robust compounding potential for Singaporean investors seeking long-term dollar-based growth.

Positive Market Tailwinds

Fundamental tailwinds underscore this recent performance. The US economy’s ongoing expansion continues to drive large-cap index strength, especially in technology—CSPX’s largest sector allocation at 33.25%. Meanwhile, macroeconomic factors such as resilient US employment, a reaccelerating AI investment cycle, and the relative strength of the US dollar create favorable underpinning for S&P 500-linked instruments.

With the S&P 500 sitting near its historical highs (CSPX’s 52-week range stands at $529.87 – $652.36), the ETF seems poised to benefit further as risk appetite recovers and institutional flows intensify. In short, the convergence of positive sector momentum and macroeconomic resilience seems to leave substantial upside potential on the table.

Technical Analysis

Moving Averages and Oscillator Patterns Signal Positive Momentum

Technical signals on CSPX present a broadly constructive story for prospective buyers, particularly on a short- and medium-term basis. The ETF currently trades:

• Above its 5-, 10-, 20-, and 50-day simple moving averages (all giving “buy” signals)
• Above key exponential moving averages, from the 5-day through 100-day EMAs

The ETF sits just below its longer-term 100-day and 200-day simple moving averages, but all shorter-term indicators have flipped bullish, emphasizing the momentum shift after Q1 volatility. The relative strength index (RSI) at 59.28 points to healthy, non-overbought conditions—there is notable headroom before technical “heat” builds to excess.

Oscillators, such as the stochastic (19.42, buy), Williams %R (-69.22, buy), and a positive ADX trend (49.22), further reinforce the sense of broad-based momentum. While MACD posts a moderate “sell” signal and the 200-SMA is yet to be recaptured, the medium-term setup appears highly favorable for tactical and swing-style investors seeking to position ahead of a potential larger uptrend.

Support and Resistance

Recent price action finds strong support at $582.88 and $569.12. Immediate resistance sits at $623.05 and then at the recent highs near $649.46. The proximity to robust support and a pivot at $609.29 indicates CSPX is structurally well-positioned for future upside, with attractive entry levels and well-defined risk.

Overall, the technical analysis supports the view that CSPX is either at, or very near, a compelling technical low within a larger structural uptrend—a setup that historically has led to favorable forward returns for patient, risk-managed buyers.

Fundamental Analysis

Long-Term Growth, Attractive Valuation, and Strategic Exposure

CSPX grants investors diversified access to the 503 largest US companies—with the top 10 holdings (Apple, NVIDIA, Microsoft, Amazon, and others) comprising 34.71% of the portfolio and representing the leading edge of global technology and innovation. Not only is the ETF weighted towards the sector most likely to benefit from secular growth—technology at 33.25%—but its structure assures broad exposure to US economic leadership.

Key fundamental measures strengthen the case for renewed interest:

• P/E Ratio: At 21.01, the ETF exhibits a valuation premium to global equities, but this is well justified by the underlying companies’ high earnings growth (9.92% long-term consensus).
• Yield: The effective dividend yield is 1.53%, with all dividends automatically reinvested for powerful compounding—highly relevant for Singaporean investors seeking long-term, tax-efficient growth.
• Expense Efficiency: A TER of 0.07% remains among the lowest globally, preserving maximized returns over time.
• Accumulating Structure: The ETF’s physical/accumulating model, domiciled in Ireland, ensures tax efficiency for non-US investors.

Fund performance since inception (+596.05%) and broad-based participation across 11 sectors reinforce the ETF’s value as a strategic, “all-weather” core holding.

Competitive Position and Brand Strength

Managed by BlackRock’s iShares platform, CSPX benefits from institutional-grade governance, transparency, and liquidity. BlackRock’s leadership in ETF innovation and stringent risk controls lend further conviction, while the ETF’s inclusion in thousands of portfolio models across Asia and Europe ensures enduring demand.

Volume and Liquidity

Deep Liquidity and Tight Spreads Signal Market Confidence

CSPX consistently demonstrates high daily trading volumes (28,460 shares on May 9, 2025) and exceptionally tight bid/ask spreads (0.02%), even during periods of market volatility. This liquidity provides Singaporean investors with confidence that large trades can be executed efficiently, minimizing transaction costs and slippage.

Additionally, the ample float—driven by institutional and retail adoption—creates a dynamic ecosystem where pricing closely tracks the NAV. This minimizes the risk of sustained premiums or discounts and further anchors CSPX’s appeal as a robust entry vehicle into US equity markets.

Catalysts and Positive Outlook

New Structural Catalysts

The ETF is ideally situated at the intersection of several multi-year growth engines:

• AI and Digital Transformation: The technology giants at the top of the CSPX portfolio (NVIDIA, Apple, Microsoft, Meta) are primed to capture exponential profits from continued advancements in artificial intelligence, cloud adoption, and digital infrastructure.
• Strong US Consumer and Capex Cycle: The US economy, buoyed by low unemployment and resilient consumption, supports above-trend earnings growth across multiple sectors (notably consumer discretionary and financials).
• Favorable Regulatory/Tax Structure: With its Irish domicile, CSPX offers operational efficiency and tax neutrality for Asian investors—reinvesting all dividends and circumventing complex US distribution taxes.

ESG and Innovation

As an accumulating ETF, CSPX continually adapts to the evolving S&P 500, naturally optimizing for environmental, social, and governance (ESG) best practices via index rebalancing and the continuous inclusion of "future leaders." This feature aligns with the growing demand for responsible wealth management solutions in Singapore.

Upward Sector and Macro Context

With nearly 96% of exposure in the US, CSPX stands to benefit further if US equities extend their cycle of dominance. Technology, healthcare, and financials—each a substantial portion of the portfolio—are forecast to accelerate EPS growth through 2025 amid AI investment surges and ongoing GDP strength. The ETF’s accumulating structure ensures those gains are fully captured.

Investment Strategies

Attractive Across Multiple Investment Horizons

• Short-term: Recent technical reversals, price momentum, and a supportive oscillator profile suggest CSPX could be poised for tactical bounces and momentum rotations in the coming weeks.
• Medium-term: With its relative undervaluation versus recent highs and a supportive macro backdrop, CSPX may be entering a new bullish channel as the US economy returns to growth after the Q1 consolidation.
• Long-term: For Singapore-based investors seeking global USD exposure, CSPX offers unparalleled efficiency and diversification, benefiting from the compounding effect of reinvested dividends, low costs, and robust corporate earnings.

Positioning Ahead of Catalysts

Given current technical positioning near strong support and the backdrop of large-scale investment flows returning to US equities, adding CSPX at present levels seems to represent an excellent opportunity to participate in both tactical rallies and structural appreciation. The ETF’s history of sharp recoveries following volatility, as well as the upcoming index rebalancing events and US earnings seasons, serve as further potential catalysts.

Is It the Right Time to Buy CSPX?

Key Strengths at a Glance

• Leadership and Efficiency: BlackRock’s governance, a TER of 0.07%, and full physical replication.
• Compelling Long-Term Return Profile: Nearly 600% appreciation since inception, +99.4% over five years.
• Sector Positioning: 33% technology and a high allocation to global innovation leaders.
• Liquidity and Flexibility: Deep volumes, tight spreads, full tax efficiency for non-US investors.
• Technical Momentum: Emerging from a strong technical base with robust short/mid-term signals.
• Macro and Regulatory Tailwinds: Exposure to the world’s growth engine (US), in a structure designed for Singapore-based and regional investors.

Bullish Outlook

The combination of robust recent performance, compelling valuation, efficient structure, and macro/sectoral tailwinds justifies renewed and even heightened interest in CSPX for 2025 and beyond. With strong technical and fundamental positioning, the ETF may be entering a new bullish phase—optimally placed for investors searching for diversified, scalable, and tax-efficient access to the global equity markets.

In summary, CSPX seems exceptionally well positioned to serve as both a core long-term wealth builder and an agile vehicle for capturing episodic surges in US equities. For Singaporean investors determined to benefit from the next wave of market leadership, CSPX appears to warrant a serious place on the buy-side radar. As market momentum accelerates and growth catalysts abound, CSPX stands out as a strategic gateway to sustained capital appreciation and portfolio resilience.

How to buy CSPX stock in Singapore?

Buying CSPX, the iShares Core S&P 500 UCITS ETF, is simple and secure for Singapore investors when using an established, regulated online broker. You can choose between two main approaches: owning the shares outright with a spot (cash) purchase, or trading CSPX via Contracts for Difference (CFDs) for more flexibility. Both methods can be accessed with just a few clicks from your computer or mobile device. To help you navigate your options, you'll find a broker comparison further down the page—make sure to check it out before you invest.

Spot (Cash) Buying

A cash or spot purchase means you are buying actual CSPX units listed on an exchange (such as the London Stock Exchange), and you become the registered owner. This method is suitable for long-term investors who prefer a straightforward, transparent way to gain exposure to the S&P 500. Typical fees for cash purchases are a fixed commission per order, usually around SGD 5–10 with many Singaporean brokers.

Example

If the current CSPX share price is $604.54 USD, with a budget of SGD 1,370 (about $1,000 USD), you can buy roughly 1.6 shares. After accounting for a typical brokerage fee of SGD 7, you'll hold direct ownership of your ETF units.

Gain scenario

If the CSPX price rises by 10%, your holdings would be valued around SGD 1,507.
Result: Gross gain of SGD 137, or +10% on your investment.

Trading via CFD

CFD (Contract for Difference) trading allows you to speculate on CSPX price movements without owning the actual ETF. CFDs are popular for their flexibility; you can trade both rising and falling markets, and apply leverage to multiply your exposure. Fees for CFDs often include a spread (the small price difference between buy and sell), and if you hold positions overnight, a daily financing charge.

Example

With an SGD 1,370 stake ($1,000 USD), and 5x leverage, you control exposure worth SGD 6,850.
If CSPX climbs by 8%, your position gains 8% × 5 = 40%.
Result: Profit of SGD 548, on an initial outlay of SGD 1,370 (excluding fees).

Final Advice

Before you invest, it’s vital to compare brokers’ fees, access to international ETFs like CSPX, commissions, and additional charges. Your choice of buying directly or via CFDs depends on your personal objectives—whether you value direct ownership and long-term growth, or prefer the flexibility and leverage of trading. Explore our detailed broker comparison below to find the best fit for your investment style.

Our 7 tips for buying CSPX stock

The latest news about CSPX

CSPX posts a notable 13.89% weekly gain, momentum driven by tech-heavy portfolio.
Over the last seven days, the iShares Core S&P 500 UCITS ETF (CSPX) surged by 13.89%, a move reinforced by robust gains among its leading technology holdings such as Apple, NVIDIA, and Microsoft. This broad-based ETF, tracking the S&P 500 index, continues to attract strong inflows from investors in Singapore seeking diversified US equity exposure. The ETF’s outperformance has heightened its status as a core holding for institutional and retail portfolios in Singapore, particularly given ongoing client demand for US large-cap growth and efficient total return structures.

Short-term technical indicators for CSPX have turned decisively bullish, offering constructive signals for entry.
Current technical analysis highlights an overwhelming prevalence of buy signals across short- and medium-term moving averages, with the 5-, 10-, 20-, and 50-day averages all flashing positive. Additionally, both exponential and several oscillator-based indicators reinforce a constructive outlook. This technical environment is attracting attention among active traders and tactical allocators in Singapore, for whom technical confirmation is a requisite for allocation timing, especially given the ETF’s accessibility through local brokerages and its robust liquidity profile on the London Stock Exchange.

CSPX’s accumulating structure and Irish domicile remain highly tax-efficient for Singaporean investors.
The ETF continues to be a top choice among Singapore-resident investors due to its accumulating share class, which reinvests dividends automatically, streamlining long-term compounding without triggering immediate tax events. Its Irish domicile affords tax treaty benefits, reducing withholding tax on US dividends to 15%, a key efficiency for Singapore-based investors compared to direct US-domiciled instruments, enhancing after-tax returns for both institutional and private clients.

Sustained fund size and ultra-low total expense ratio reinforce CSPX’s cost leadership and scalability.
With assets under management now surpassing $94 billion, CSPX offers unparalleled scale, supporting liquidity and minimal tracking error. Its 0.07% total expense ratio remains among the lowest globally, a trait highly prized within Singapore’s increasingly cost-conscious wealth management sector. This combination of scale and cost efficiency is further driving adoption in discretionary, advisory, and robo-advisory portfolios throughout the city-state.

Volatility remains elevated, but recent stability and constructive sentiment are supporting renewed client allocations in Singapore.
Although CSPX experienced a significant 22.6% drawdown over the past year and maintains a one-year volatility of over 20%, recent performance has stabilized. Improved sentiment, as evidenced by net inflows and local platform buy rankings, suggests that Singaporean investors are regaining confidence in US equity exposure for long-term allocation, viewing current volatility as an opportunity within the framework of disciplined, diversified investment.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.