500P.L vs. IUSA.L

Last updated Jun 5, 2026

500P.L (Franklin S&P 500 Paris Aligned Climate UCITS ETF) and IUSA.L (iShares S&P 500 UCITS Dist) are both S&P 500 funds - 500P.L tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG Index while IUSA.L tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, 500P.L returned 14.50%/yr vs 15.33%/yr for IUSA.L. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.07% expense ratio.

Performance

500P.L vs. IUSA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) and iShares S&P 500 UCITS Dist (IUSA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

500P.L is traded in GBP, while IUSA.L is traded in GBp. To make them comparable, the IUSA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, 500P.L achieves a 8.20% return, which is significantly lower than IUSA.L's 10.67% return.

500P.L

• 1D: 0.21%
• 1M: 7.03%
• YTD: 8.20%
• 6M: 8.34%
• 1Y: 24.84%
• 3Y*: 18.32%
• 5Y*: 14.50%
• 10Y*: —

IUSA.L

• 1D: 0.04%
• 1M: 5.55%
• YTD: 10.67%
• 6M: 10.66%
• 1Y: 29.55%
• 3Y*: 19.42%
• 5Y*: 15.33%
• 10Y*: 16.52%

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

500P.L vs. IUSA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
500P.L Franklin S&P 500 Paris Aligned Climate UCITS ETF	8.20%	7.74%	28.94%	23.30%	-12.86%	34.04%	11.40%
IUSA.L iShares S&P 500 UCITS Dist	10.67%	9.70%	27.73%	20.24%	-8.72%	31.54%	11.60%

Correlation

The correlation between 500P.L and IUSA.L is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Aug 3, 2020	0.97

The correlation between 500P.L and IUSA.L has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.

Return for Risk

500P.L vs. IUSA.L — Risk / Return Rank

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

500P.L

500P.L Risk / Return Rank: 61
500P.L Sharpe Ratio Rank: 71
500P.L Sortino Ratio Rank: 70
500P.L Omega Ratio Rank: 72
500P.L Calmar Ratio Rank: 47
500P.L Martin Ratio Rank: 45

IUSA.L

IUSA.L Risk / Return Rank: 84
IUSA.L Sharpe Ratio Rank: 86
IUSA.L Sortino Ratio Rank: 85
IUSA.L Omega Ratio Rank: 86
IUSA.L Calmar Ratio Rank: 81
IUSA.L Martin Ratio Rank: 80

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.

500P.L vs. IUSA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) and iShares S&P 500 UCITS Dist (IUSA.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.

	500P.L	IUSA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.82	-0.52
Sortino ratio: Return per unit of downside risk	3.12	3.78	-0.66
Omega ratio: Gain probability vs. loss probability	1.42	1.53	-0.10
Calmar ratio: Return relative to maximum drawdown	2.29	4.20	-1.91
Martin ratio: Return relative to average drawdown	7.12	15.53	-8.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

500P.L vs. IUSA.L - Sharpe Ratio Comparison

The current 500P.L Sharpe Ratio is 2.30, which is comparable to the IUSA.L Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of 500P.L and IUSA.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

	500P.L	IUSA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.82	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	1.07	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.09	0.58	+0.50

Drawdowns

500P.L vs. IUSA.L - Drawdown Comparison

The maximum 500P.L drawdown since its inception was -20.32%, smaller than the maximum IUSA.L drawdown of -38.58%. Use the drawdown chart below to compare losses from any high point for 500P.L and IUSA.L.

Drawdown Indicators

	500P.L	IUSA.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.32%	-38.58%	+18.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.81%	-7.01%	-3.80%
Max Drawdown (3Y) Largest decline over 3 years	-20.32%	-21.08%	+0.76%
Max Drawdown (5Y) Largest decline over 5 years	-20.32%	-21.08%	+0.76%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.42%	—
Current Drawdown Current decline from peak	-0.10%	-0.22%	+0.12%
Average Drawdown Average peak-to-trough decline	-4.18%	-7.29%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	1.90%	+1.58%

Volatility

500P.L vs. IUSA.L - Volatility Comparison

Franklin S&P 500 Paris Aligned Climate UCITS ETF (500P.L) and iShares S&P 500 UCITS Dist (IUSA.L) have volatilities of 2.61% and 2.62%, 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

	500P.L	IUSA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.61%	2.62%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.58%	7.13%	+0.45%
Volatility (1Y) Calculated over the trailing 1-year period	10.75%	10.44%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.84%	14.33%	+0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.07%	15.60%	-0.53%

500P.L vs. IUSA.L - Expense Ratio Comparison

Both 500P.L and IUSA.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

500P.L vs. IUSA.L - Dividend Comparison

500P.L has not paid dividends to shareholders, while IUSA.L's dividend yield for the trailing twelve months is around 1.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
500P.L Franklin S&P 500 Paris Aligned Climate UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IUSA.L iShares S&P 500 UCITS Dist	1.15%	1.24%	1.28%	1.55%	1.74%	1.39%	1.80%	1.96%	2.22%	1.95%	1.75%	2.29%

Frequently Asked Questions

Can I hold both 500P.L and IUSA.L in my portfolio?

With a correlation of 0.94, 500P.L and IUSA.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, 500P.L or IUSA.L?

Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 500P.L or IUSA.L?

500P.L and IUSA.L have the same expense ratio: 0.07% per year.

What is the main difference between 500P.L and IUSA.L?

500P.L tracks S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while IUSA.L tracks S&P 500 Index. They also come from different issuers: Franklin and iShares.