500G.L vs. SPX5.L

Last updated Jul 18, 2026

500G.L (Amundi S&P 500 Swap UCITS ETF USD Acc) and SPX5.L (SPDR S&P 500 UCITS ETF) are both S&P 500 funds - 500G.L tracks the S&P 500 while SPX5.L tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, 500G.L returned 11.67%/yr vs 14.33%/yr for SPX5.L. A 0.74 correlation means they provide meaningful diversification when combined. 500G.L charges 0.15%/yr vs 0.03%/yr for SPX5.L.

Performance

500G.L vs. SPX5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi S&P 500 Swap UCITS ETF USD Acc (500G.L) and SPDR S&P 500 UCITS ETF (SPX5.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

500G.L is traded in GBp, while SPX5.L is traded in GBP. To make them comparable, the SPX5.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 10.15% return, which is significantly higher than SPX5.L's 9.06% return. Over the past 10 years, 500G.L has underperformed SPX5.L with an annualized return of 11.67%, while SPX5.L has yielded a comparatively higher 14.33% annualized return.

500G.L

• 1D: 0.00%
• 1M: 0.14%
• 6M: 8.61%
• YTD: 10.15%
• 1Y: 20.88%
• 3Y*: 18.73%
• 5Y*: 13.65%
• 10Y*: 11.67%

SPX5.L

• 1D: -0.98%
• 1M: -0.94%
• 6M: 7.51%
• YTD: 9.06%
• 1Y: 19.65%
• 3Y*: 18.28%
• 5Y*: 13.33%
• 10Y*: 14.33%

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

500G.L vs. SPX5.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
500G.L Amundi S&P 500 Swap UCITS ETF USD Acc	10.15%	9.44%	27.44%	19.89%	-8.86%	31.35%	13.81%	27.01%	-25.34%	21.51%
SPX5.L SPDR S&P 500 UCITS ETF	9.06%	9.34%	27.46%	19.76%	-9.00%	30.96%	13.52%	26.33%	-0.90%	10.29%

Correlation

The correlation between 500G.L and SPX5.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Mar 19, 2012	0.74

Over the past year, 500G.L and SPX5.L have become more correlated (0.97) than their long-term average of 0.74, meaning their price movements have been converging.

Return for Risk

500G.L vs. SPX5.L — Risk / Return Rank

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

500G.L

500G.L Risk / Return Rank: 31
500G.L Sharpe Ratio Rank: 19
500G.L Sortino Ratio Rank: 24
500G.L Omega Ratio Rank: 75
500G.L Calmar Ratio Rank: 21
500G.L Martin Ratio Rank: 16

SPX5.L

SPX5.L Risk / Return Rank: 70
SPX5.L Sharpe Ratio Rank: 70
SPX5.L Sortino Ratio Rank: 68
SPX5.L Omega Ratio Rank: 70
SPX5.L Calmar Ratio Rank: 70
SPX5.L Martin Ratio Rank: 70

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.

500G.L vs. SPX5.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 SPDR S&P 500 UCITS ETF (SPX5.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	500G.L	SPX5.L	Difference
Sharpe ratio: Return per unit of total volatility	0.48	1.79	-1.31
Sortino ratio: Return per unit of downside risk	1.10	2.47	-1.37
Omega ratio: Gain probability vs. loss probability	1.35	1.33	+0.02
Calmar ratio: Return relative to maximum drawdown	0.73	2.77	-2.04
Martin ratio: Return relative to average drawdown	1.08	9.88	-8.80

500G.L vs. SPX5.L - Sharpe Ratio Comparison

The current 500G.L Sharpe Ratio is 0.48, which is lower than the SPX5.L Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of 500G.L and SPX5.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.

Drawdowns

500G.L vs. SPX5.L - Drawdown Comparison

The maximum 500G.L drawdown since its inception was -35.39%, smaller than the maximum SPX5.L drawdown of -41.23%. Use the drawdown chart below to compare losses from any high point for 500G.L and SPX5.L.

Drawdown Indicators

	500G.L	SPX5.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.39%	-41.23%	+5.84%
Max Drawdown (1Y) Largest decline over 1 year	-28.61%	-7.07%	-21.54%
Max Drawdown (3Y) Largest decline over 3 years	-28.61%	-20.90%	-7.71%
Max Drawdown (5Y) Largest decline over 5 years	-28.61%	-20.90%	-7.71%
Max Drawdown (10Y) Largest decline over 10 years	-35.39%	-25.45%	-9.94%
Current Drawdown Current decline from peak	-16.77%	-1.92%	-14.85%
Average Drawdown Average peak-to-trough decline	-6.21%	-7.45%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.39%	1.98%	+17.41%

Volatility

500G.L vs. SPX5.L - Volatility Comparison

Amundi S&P 500 Swap UCITS ETF USD Acc (500G.L) and SPDR S&P 500 UCITS ETF (SPX5.L) have volatilities of 3.01% and 2.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	500G.L	SPX5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	2.93%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	7.93%	7.80%	+0.13%
Volatility (1Y) Calculated over the trailing 1-year period	43.62%	10.97%	+32.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.74%	14.30%	+9.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.07%	15.41%	+6.66%

500G.L vs. SPX5.L - Expense Ratio Comparison

500G.L has a 0.15% expense ratio, which is higher than SPX5.L's 0.03% expense ratio. However, 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. SPX5.L - Dividend Comparison

500G.L has not paid dividends to shareholders, while SPX5.L's dividend yield for the trailing twelve months is around 0.93%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
SPX5.L SPDR S&P 500 UCITS ETF	0.93%	0.98%	1.03%	1.21%	1.39%	0.98%	1.40%	1.48%	0.78%	1.19%	1.49%	1.68%

Frequently Asked Questions

Can I hold both 500G.L and SPX5.L in my portfolio?

With a correlation of 0.97, 500G.L and SPX5.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, 500G.L or SPX5.L?

On fees, SPX5.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 500G.L or SPX5.L?

SPX5.L is cheaper with a 0.03% expense ratio, compared with 0.15% for 500G.L.

What is the main difference between 500G.L and SPX5.L?

500G.L tracks S&P 500, while SPX5.L tracks S&P 500 Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.15% for 500G.L and 0.03% for SPX5.L.