BYBG.L vs. SP5L.L

Last updated Jul 17, 2026

BYBG.L (Amundi S&P 500 Buyback ETF-C USD) and SP5L.L (Lyxor S&P 500 UCITS ETF - Acc) are both S&P 500 funds from Amundi - BYBG.L tracks the S&P 500 Buyback NTR while SP5L.L tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, BYBG.L returned 12.74%/yr vs 12.85%/yr for SP5L.L. A 0.70 correlation means they provide meaningful diversification when combined. BYBG.L charges 0.15%/yr vs 0.07%/yr for SP5L.L.

Performance

BYBG.L vs. SP5L.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi S&P 500 Buyback ETF-C USD (BYBG.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

BYBG.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, BYBG.L achieves a 9.61% return, which is significantly lower than SP5L.L's 10.18% return. Both investments have delivered pretty close results over the past 10 years, with BYBG.L having a 12.74% annualized return and SP5L.L not far ahead at 12.85%.

BYBG.L

• 1D: -0.09%
• 1M: 0.89%
• 6M: 6.00%
• YTD: 9.61%
• 1Y: 20.33%
• 3Y*: 15.52%
• 5Y*: 10.95%
• 10Y*: 12.74%

SP5L.L

• 1D: 0.08%
• 1M: -0.04%
• 6M: 8.31%
• YTD: 10.18%
• 1Y: 22.46%
• 3Y*: 19.01%
• 5Y*: 13.72%
• 10Y*: 12.85%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BYBG.L Amundi S&P 500 Buyback ETF-C USD	9.61%	9.41%	15.83%	9.58%	-1.29%	35.95%	1.99%	26.54%	-3.60%	10.09%
SP5L.L Lyxor S&P 500 UCITS ETF - Acc	10.18%	9.50%	27.60%	19.99%	-8.84%	31.19%	13.92%	26.93%	1.00%	-5.12%

Correlation

The correlation between BYBG.L and SP5L.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	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Feb 3, 2015	0.71

The correlation between BYBG.L and SP5L.L shifts across timeframes, from 0.56 (1 year) to 0.76 (5 years), reflecting how their relationship changes across market environments.

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

Sectors	BYBG.L	SP5L.L
Financial Services	26.6%	11.1%
Technology	25.6%	39.0%
Consumer Cyclical	15.3%	9.9%
Industrials	8.8%	7.8%
Healthcare	7.1%	8.3%
Energy	4.8%	3.1%
Communication Services	4.4%	10.6%
Consumer Defensive	3.7%	4.5%
Basic Materials	3.1%	1.7%
Utilities	0.8%	2.1%
Real Estate	-	1.8%

Return for Risk

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

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

BYBG.L

BYBG.L Risk / Return Rank: 65
BYBG.L Sharpe Ratio Rank: 58
BYBG.L Sortino Ratio Rank: 58
BYBG.L Omega Ratio Rank: 55
BYBG.L Calmar Ratio Rank: 84
BYBG.L Martin Ratio Rank: 71

SP5L.L

SP5L.L Risk / Return Rank: 78
SP5L.L Sharpe Ratio Rank: 80
SP5L.L Sortino Ratio Rank: 77
SP5L.L Omega Ratio Rank: 80
SP5L.L Calmar Ratio Rank: 76
SP5L.L Martin Ratio Rank: 75

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.

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

This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Buyback ETF-C USD (BYBG.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.

	BYBG.L	SP5L.L	Difference
Sharpe ratio: Return per unit of total volatility	1.57	2.03	-0.46
Sortino ratio: Return per unit of downside risk	2.22	2.77	-0.55
Omega ratio: Gain probability vs. loss probability	1.28	1.37	-0.09
Calmar ratio: Return relative to maximum drawdown	3.62	3.10	+0.52
Martin ratio: Return relative to average drawdown	10.17	10.91	-0.74

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

The current BYBG.L Sharpe Ratio is 1.57, which is comparable to the SP5L.L Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of BYBG.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

BYBG.L vs. SP5L.L - Drawdown Comparison

The maximum BYBG.L drawdown since its inception was -45.82%, 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 BYBG.L and SP5L.L.

Drawdown Indicators

	BYBG.L	SP5L.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.82%	-25.47%	-20.35%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-7.20%	+2.34%
Max Drawdown (3Y) Largest decline over 3 years	-20.63%	-21.12%	+0.49%
Max Drawdown (5Y) Largest decline over 5 years	-20.63%	-21.12%	+0.49%
Max Drawdown (10Y) Largest decline over 10 years	-35.57%	-25.47%	-10.10%
Current Drawdown Current decline from peak	-0.53%	-0.96%	+0.43%
Average Drawdown Average peak-to-trough decline	-10.00%	-5.14%	-4.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	2.05%	-0.32%

Volatility

BYBG.L vs. SP5L.L - Volatility Comparison

Amundi S&P 500 Buyback ETF-C USD (BYBG.L) has a higher volatility of 3.32% compared to Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) at 3.14%. This indicates that BYBG.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

	BYBG.L	SP5L.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	3.14%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	7.95%	7.86%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	11.22%	11.08%	+0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	18.81%	-3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	17.96%	-0.10%

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

BYBG.L has a 0.15% 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

BYBG.L vs. SP5L.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

BYBG.L and SP5L.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.

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

SP5L.L is cheaper with a 0.07% expense ratio, compared with 0.15% for BYBG.L.

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

BYBG.L tracks S&P 500 Buyback NTR, while SP5L.L tracks S&P 500 Index. Their fees differ too: 0.15% for BYBG.L and 0.07% for SP5L.L.