ALAG.L vs. SP5L.L

Last updated Jul 16, 2026

ALAG.L (Amundi MSCI Em Latin America UCITS ETF-C USD) and SP5L.L (Lyxor S&P 500 UCITS ETF - Acc) are both exchange-traded funds - ALAG.L is a Latin America Equities fund tracking the MSCI EM Latin America NR USD, while SP5L.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ALAG.L returned 64.46%/yr vs 12.87%/yr for SP5L.L. At a 0.37 correlation, their price movements are largely independent. ALAG.L charges 0.10%/yr vs 0.07%/yr for SP5L.L.

Performance

ALAG.L vs. SP5L.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Lyxor S&P 500 UCITS ETF - Acc (SP5L.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ALAG.L is traded in GBp, while SP5L.L is traded in GBP. To make them comparable, the SP5L.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ALAG.L achieves a 12.86% return, which is significantly higher than SP5L.L's 10.09% return. Over the past 10 years, ALAG.L has outperformed SP5L.L with an annualized return of 64.46%, while SP5L.L has yielded a comparatively lower 12.87% annualized return.

ALAG.L

• 1D: -0.99%
• 1M: -0.68%
• 6M: 7.21%
• YTD: 12.86%
• 1Y: 38.98%
• 3Y*: 11.22%
• 5Y*: 10.10%
• 10Y*: 64.46%

SP5L.L

• 1D: -0.54%
• 1M: -0.32%
• 6M: 9.61%
• YTD: 10.09%
• 1Y: 21.06%
• 3Y*: 18.94%
• 5Y*: 13.71%
• 10Y*: 12.87%

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

ALAG.L vs. SP5L.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALAG.L Amundi MSCI Em Latin America UCITS ETF-C USD	12.86%	44.74%	-25.31%	25.10%	21.74%	-8.24%	-16.56%	12.56%	7,200.36%	23.26%
SP5L.L Lyxor S&P 500 UCITS ETF - Acc	10.09%	9.50%	27.60%	19.99%	-8.84%	31.19%	13.92%	26.93%	1.00%	-5.12%

Correlation

The correlation between ALAG.L and SP5L.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014	0.37

ALAG.L vs. SP5L.L - Sectors Allocation Comparison

Sectors	ALAG.L	SP5L.L
Financial Services	29.9%	11.1%
Basic Materials	21.7%	1.7%
Industrials	10.9%	7.8%
Energy	10.4%	3.1%
Consumer Defensive	10.4%	4.5%
Utilities	7.8%	2.1%
Communication Services	3.8%	10.6%
Real Estate	1.6%	1.8%
Consumer Cyclical	1.6%	9.9%
Healthcare	1.2%	8.3%
Technology	0.7%	39.0%

Return for Risk

ALAG.L vs. SP5L.L — Risk / Return Rank

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

ALAG.L

ALAG.L Risk / Return Rank: 74
ALAG.L Sharpe Ratio Rank: 84
ALAG.L Sortino Ratio Rank: 80
ALAG.L Omega Ratio Rank: 77
ALAG.L Calmar Ratio Rank: 71
ALAG.L Martin Ratio Rank: 57

SP5L.L

SP5L.L Risk / Return Rank: 72
SP5L.L Sharpe Ratio Rank: 74
SP5L.L Sortino Ratio Rank: 71
SP5L.L Omega Ratio Rank: 74
SP5L.L Calmar Ratio Rank: 72
SP5L.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.

ALAG.L vs. SP5L.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) and Lyxor S&P 500 UCITS ETF - Acc (SP5L.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.

	ALAG.L	SP5L.L	Difference
Sharpe ratio: Return per unit of total volatility	2.14	1.89	+0.25
Sortino ratio: Return per unit of downside risk	2.88	2.59	+0.29
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.02
Calmar ratio: Return relative to maximum drawdown	2.87	2.91	-0.04
Martin ratio: Return relative to average drawdown	7.95	10.24	-2.29

ALAG.L vs. SP5L.L - Sharpe Ratio Comparison

The current ALAG.L Sharpe Ratio is 2.14, which is comparable to the SP5L.L Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of ALAG.L and SP5L.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

ALAG.L vs. SP5L.L - Drawdown Comparison

The maximum ALAG.L drawdown since its inception was -61.61%, which is greater than SP5L.L's maximum drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for ALAG.L and SP5L.L.

Drawdown Indicators

	ALAG.L	SP5L.L	Difference
Max Drawdown Largest peak-to-trough decline	-61.61%	-25.47%	-36.14%
Max Drawdown (1Y) Largest decline over 1 year	-13.51%	-7.20%	-6.31%
Max Drawdown (3Y) Largest decline over 3 years	-35.84%	-21.12%	-14.72%
Max Drawdown (5Y) Largest decline over 5 years	-35.84%	-21.12%	-14.72%
Max Drawdown (10Y) Largest decline over 10 years	-48.94%	-25.47%	-23.47%
Current Drawdown Current decline from peak	-8.91%	-1.04%	-7.87%
Average Drawdown Average peak-to-trough decline	-22.16%	-5.14%	-17.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	2.05%	+2.84%

Volatility

ALAG.L vs. SP5L.L - Volatility Comparison

Amundi MSCI Em Latin America UCITS ETF-C USD (ALAG.L) has a higher volatility of 4.67% compared to Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) at 3.14%. This indicates that ALAG.L's price experiences larger fluctuations and is considered to be riskier than SP5L.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALAG.L	SP5L.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	3.14%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	14.56%	7.95%	+6.61%
Volatility (1Y) Calculated over the trailing 1-year period	18.09%	11.09%	+7.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.70%	18.81%	+5.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2,169.94%	17.96%	+2,151.98%

ALAG.L vs. SP5L.L - Expense Ratio Comparison

ALAG.L has a 0.10% expense ratio, which is higher than SP5L.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

ALAG.L vs. SP5L.L - Dividend Comparison

Neither ALAG.L nor SP5L.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ALAG.L and SP5L.L in my portfolio?

ALAG.L and SP5L.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ALAG.L or SP5L.L?

On fees, SP5L.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, ALAG.L or SP5L.L?

SP5L.L is cheaper with a 0.07% expense ratio, compared with 0.10% for ALAG.L.

What is the main difference between ALAG.L and SP5L.L?

ALAG.L is categorized as Latin America Equities, while SP5L.L is S&P 500. ALAG.L tracks MSCI EM Latin America NR USD, while SP5L.L tracks S&P 500 Index. Their fees differ too: 0.10% for ALAG.L and 0.07% for SP5L.L.