500D.L vs. SPMD.L

Last updated Jun 5, 2026

500D.L (Amundi S&P 500 Swap UCITS ETF USD Dist) and SPMD.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist)) are both S&P 500 funds - 500D.L tracks the S&P 500 Index while SPMD.L tracks the S&P 500 Minimum Volatility Index. Both are passively managed. Over the past 3 years, 500D.L returned 22.22%/yr vs 13.82%/yr for SPMD.L. Their correlation of 0.86 suggests significant overlap in exposure. 500D.L charges 0.15%/yr vs 0.20%/yr for SPMD.L.

Performance

500D.L vs. SPMD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi S&P 500 Swap UCITS ETF USD Dist (500D.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, 500D.L achieves a 10.40% return, which is significantly higher than SPMD.L's 4.17% return.

500D.L

• 1D: -0.02%
• 1M: 4.48%
• YTD: 10.40%
• 6M: 11.15%
• 1Y: 27.93%
• 3Y*: 22.22%
• 5Y*: —
• 10Y*: —

SPMD.L

• 1D: 0.15%
• 1M: 3.76%
• YTD: 4.17%
• 6M: 5.47%
• 1Y: 11.38%
• 3Y*: 13.82%
• 5Y*: 8.91%
• 10Y*: —

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

500D.L vs. SPMD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
500D.L Amundi S&P 500 Swap UCITS ETF USD Dist	10.40%	17.37%	25.36%	26.84%	-18.54%	1.87%
SPMD.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist)	4.17%	11.56%	18.70%	9.87%	-10.96%	3.36%

Correlation

The correlation between 500D.L and SPMD.L is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Dec 8, 2021	0.86

The correlation between 500D.L and SPMD.L has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

500D.L vs. SPMD.L — Risk / Return Rank

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

500D.L

500D.L Risk / Return Rank: 76
500D.L Sharpe Ratio Rank: 76
500D.L Sortino Ratio Rank: 80
500D.L Omega Ratio Rank: 76
500D.L Calmar Ratio Rank: 68
500D.L Martin Ratio Rank: 77

SPMD.L

SPMD.L Risk / Return Rank: 40
SPMD.L Sharpe Ratio Rank: 39
SPMD.L Sortino Ratio Rank: 41
SPMD.L Omega Ratio Rank: 38
SPMD.L Calmar Ratio Rank: 37
SPMD.L Martin Ratio Rank: 44

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.

500D.L vs. SPMD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Swap UCITS ETF USD Dist (500D.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.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.

	500D.L	SPMD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.42	1.36	+1.07
Sortino ratio: Return per unit of downside risk	3.53	2.05	+1.48
Omega ratio: Gain probability vs. loss probability	1.44	1.24	+0.20
Calmar ratio: Return relative to maximum drawdown	3.33	1.82	+1.51
Martin ratio: Return relative to average drawdown	14.61	7.13	+7.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

500D.L vs. SPMD.L - Sharpe Ratio Comparison

The current 500D.L Sharpe Ratio is 2.42, which is higher than the SPMD.L Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of 500D.L and SPMD.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

	500D.L	SPMD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	1.36	+1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	0.71	+0.07

Drawdowns

500D.L vs. SPMD.L - Drawdown Comparison

The maximum 500D.L drawdown since its inception was -24.21%, smaller than the maximum SPMD.L drawdown of -33.34%. Use the drawdown chart below to compare losses from any high point for 500D.L and SPMD.L.

Drawdown Indicators

	500D.L	SPMD.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.21%	-33.34%	+9.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-6.23%	-2.12%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-12.11%	-6.86%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.68%	—
Current Drawdown Current decline from peak	-0.52%	0.00%	-0.52%
Average Drawdown Average peak-to-trough decline	-6.09%	-4.20%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.59%	+0.32%

Volatility

500D.L vs. SPMD.L - Volatility Comparison

Amundi S&P 500 Swap UCITS ETF USD Dist (500D.L) has a higher volatility of 3.20% compared to iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.L) at 2.06%. This indicates that 500D.L's price experiences larger fluctuations and is considered to be riskier than SPMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	500D.L	SPMD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.20%	2.06%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	8.41%	5.98%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	11.48%	8.35%	+3.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	12.56%	+3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.39%	14.63%	+1.76%

500D.L vs. SPMD.L - Expense Ratio Comparison

500D.L has a 0.15% expense ratio, which is lower than SPMD.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

500D.L vs. SPMD.L - Dividend Comparison

500D.L's dividend yield for the trailing twelve months is around 0.82%, less than SPMD.L's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
500D.L Amundi S&P 500 Swap UCITS ETF USD Dist	0.82%	0.90%	1.17%	0.93%	1.44%	0.00%	0.00%	0.00%	0.00%
SPMD.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist)	1.16%	1.15%	1.28%	1.46%	1.35%	1.27%	1.54%	1.52%	1.13%

Frequently Asked Questions

Can I hold both 500D.L and SPMD.L in my portfolio?

500D.L and SPMD.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, 500D.L or SPMD.L?

On fees, 500D.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 500D.L or SPMD.L?

500D.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SPMD.L.

What is the main difference between 500D.L and SPMD.L?

500D.L tracks S&P 500 Index, while SPMD.L tracks S&P 500 Minimum Volatility Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for 500D.L and 0.20% for SPMD.L.