500U.L vs. IUSA.L

Last updated Jun 5, 2026

500U.L (Amundi S&P 500 Swap UCITS ETF USD Acc) and IUSA.L (iShares S&P 500 UCITS Dist) are both S&P 500 funds tracking the S&P 500 Index, from Amundi and iShares respectively. Both are passively managed. Over the past 10 years, 500U.L returned 15.69%/yr vs 15.68%/yr for IUSA.L. A 0.64 correlation means they provide meaningful diversification when combined. 500U.L charges 0.15%/yr vs 0.07%/yr for IUSA.L.

Performance

500U.L vs. IUSA.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 (500U.L) and iShares S&P 500 UCITS Dist (IUSA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with 500U.L having a 10.41% return and IUSA.L slightly lower at 10.40%. Both investments have delivered pretty close results over the past 10 years, with 500U.L having a 15.69% annualized return and IUSA.L not far behind at 15.68%.

500U.L

• 1D: -0.02%
• 1M: 3.27%
• YTD: 10.41%
• 6M: 10.80%
• 1Y: 27.61%
• 3Y*: 22.30%
• 5Y*: 13.83%
• 10Y*: 15.69%

IUSA.L

• 1D: 0.08%
• 1M: 4.65%
• YTD: 10.40%
• 6M: 11.47%
• 1Y: 28.32%
• 3Y*: 22.50%
• 5Y*: 14.11%
• 10Y*: 15.68%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
500U.L Amundi S&P 500 Swap UCITS ETF USD Acc	10.41%	17.98%	24.83%	26.85%	-19.06%	30.19%	18.05%	32.02%	-5.58%	21.10%
IUSA.L iShares S&P 500 UCITS Dist	10.41%	17.97%	25.60%	26.58%	-18.47%	30.35%	17.64%	32.16%	-5.18%	21.78%

Correlation

The correlation between 500U.L and IUSA.L is 0.92, 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	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since May 13, 2011	0.64

Over the past year, 500U.L and IUSA.L have become more correlated (0.92) than their long-term average of 0.64, meaning their price movements have been converging.

500U.L vs. IUSA.L - Sectors Allocation Comparison

Sectors	500U.L	IUSA.L
Technology	35.6%	38.2%
Financial Services	11.8%	11.1%
Communication Services	11.2%	10.9%
Consumer Cyclical	10.1%	10.0%
Healthcare	8.5%	8.3%
Industrials	8.3%	7.9%
Consumer Defensive	4.9%	4.7%
Energy	3.5%	3.2%
Utilities	2.4%	2.2%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.7%

Return for Risk

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

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

500U.L

500U.L Risk / Return Rank: 75
500U.L Sharpe Ratio Rank: 75
500U.L Sortino Ratio Rank: 80
500U.L Omega Ratio Rank: 75
500U.L Calmar Ratio Rank: 68
500U.L Martin Ratio Rank: 77

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.

500U.L vs. IUSA.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 (500U.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.

	500U.L	IUSA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.41	2.55	-0.15
Sortino ratio: Return per unit of downside risk	3.53	3.68	-0.14
Omega ratio: Gain probability vs. loss probability	1.44	1.46	-0.02
Calmar ratio: Return relative to maximum drawdown	3.34	3.28	+0.06
Martin ratio: Return relative to average drawdown	14.61	14.20	+0.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current 500U.L Sharpe Ratio is 2.41, which is comparable to the IUSA.L Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of 500U.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

	500U.L	IUSA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	2.55	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.90	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.12	0.97	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	1.23	0.61	+0.61

Drawdowns

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

The maximum 500U.L drawdown since its inception was -34.04%, smaller than the maximum IUSA.L drawdown of -54.80%. Use the drawdown chart below to compare losses from any high point for 500U.L and IUSA.L.

Drawdown Indicators

	500U.L	IUSA.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.04%	-54.80%	+20.76%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-8.60%	+0.26%
Max Drawdown (3Y) Largest decline over 3 years	-18.29%	-19.12%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-24.22%	-25.00%	+0.78%
Max Drawdown (10Y) Largest decline over 10 years	-34.04%	-33.42%	-0.62%
Current Drawdown Current decline from peak	-0.51%	-0.53%	+0.02%
Average Drawdown Average peak-to-trough decline	-4.73%	-7.66%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	1.99%	-0.08%

Volatility

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

Amundi S&P 500 Swap UCITS ETF USD Acc (500U.L) has a higher volatility of 3.21% compared to iShares S&P 500 UCITS Dist (IUSA.L) at 2.57%. This indicates that 500U.L's price experiences larger fluctuations and is considered to be riskier than IUSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	500U.L	IUSA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	2.57%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	8.54%	7.97%	+0.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.57%	11.04%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	15.67%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.26%	16.16%	+2.10%

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

500U.L has a 0.15% expense ratio, which is higher than IUSA.L's 0.07% 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

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

500U.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
500U.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%
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 500U.L and IUSA.L in my portfolio?

With a correlation of 0.92, 500U.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, 500U.L or IUSA.L?

On fees, IUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

IUSA.L is cheaper with a 0.07% expense ratio, compared with 0.15% for 500U.L.

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

Both ETFs track S&P 500 Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.15% for 500U.L and 0.07% for IUSA.L.