500G.L vs. SPMD.L
500G.L (Amundi S&P 500 Swap UCITS ETF USD Acc) and SPMD.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist)) are both S&P 500 funds - 500G.L tracks the S&P 500 while SPMD.L tracks the S&P 500 Minimum Volatility Index. Both are passively managed. Over the past 5 years, 500G.L returned 15.05%/yr vs 10.08%/yr for SPMD.L. Their correlation of 0.81 suggests significant overlap in exposure. 500G.L charges 0.15%/yr vs 0.20%/yr for SPMD.L.
Performance
500G.L vs. SPMD.L - Performance Comparison
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Different Trading Currencies
500G.L is traded in GBp, while SPMD.L is traded in USD. To make them comparable, the SPMD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, 500G.L achieves a 10.57% return, which is significantly higher than SPMD.L's 4.59% return.
500G.L
- 1D
- -0.04%
- 1M
- 5.53%
- YTD
- 10.57%
- 6M
- 10.49%
- 1Y
- 29.21%
- 3Y*
- 19.12%
- 5Y*
- 15.05%
- 10Y*
- 16.24%
SPMD.L
- 1D
- 0.15%
- 1M
- 4.71%
- YTD
- 4.59%
- 6M
- 4.74%
- 1Y
- 12.46%
- 3Y*
- 10.96%
- 5Y*
- 10.08%
- 10Y*
- —
500G.L vs. SPMD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
500G.L Amundi S&P 500 Swap UCITS ETF USD Acc | 10.57% | 9.44% | 27.44% | 19.89% | -8.86% | 31.35% | 13.81% | 27.01% | 2.17% |
SPMD.L iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) | 4.59% | 3.61% | 20.77% | 4.38% | -0.37% | 26.11% | 4.44% | 25.95% | 4.53% |
Correlation
The correlation between 500G.L and SPMD.L is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2018 | 0.81 |
Over the past year, the correlation between 500G.L and SPMD.L has dropped to 0.56 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
500G.L vs. SPMD.L — Risk / Return Rank
500G.L
SPMD.L
500G.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 Acc (500G.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.
| 500G.L | SPMD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.24 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 2.43 | +1.65 |
| Martin ratioReturn relative to average drawdown | 15.27 | 7.18 | +8.09 |
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
| 500G.L | SPMD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.76 | 1.33 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | 0.80 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.74 | +0.33 |
Drawdowns
500G.L vs. SPMD.L - Drawdown Comparison
The maximum 500G.L drawdown since its inception was -25.52%, roughly equal to the maximum SPMD.L drawdown of -25.24%. Use the drawdown chart below to compare losses from any high point for 500G.L and SPMD.L.
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Drawdown Indicators
| 500G.L | SPMD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.52% | -25.24% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -5.10% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.12% | -14.40% | -6.72% |
Max Drawdown (5Y)Largest decline over 5 years | -21.12% | -14.40% | -6.72% |
Max Drawdown (10Y)Largest decline over 10 years | -25.52% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | 0.00% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -3.86% | +0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.73% | +0.18% |
Volatility
500G.L vs. SPMD.L - Volatility Comparison
The current volatility for Amundi S&P 500 Swap UCITS ETF USD Acc (500G.L) is 2.65%, while iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.L) has a volatility of 2.89%. This indicates that 500G.L experiences smaller price fluctuations and is considered to be less risky than SPMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 500G.L | SPMD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 2.89% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 7.13% | 6.94% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 9.35% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 12.64% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 14.70% | +0.84% |
500G.L vs. SPMD.L - Expense Ratio Comparison
500G.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
500G.L vs. SPMD.L - Dividend Comparison
500G.L has not paid dividends to shareholders, while SPMD.L's dividend yield for the trailing twelve months is around 1.16%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
500G.L Amundi S&P 500 Swap UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
500G.L and SPMD.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 500G.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
500G.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SPMD.L.
500G.L tracks S&P 500, 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 500G.L and 0.20% for SPMD.L.
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