CU2G.L vs. SPYL.DE
CU2G.L (Amundi MSCI USA UCITS USD) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Acc) are both exchange-traded funds - CU2G.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while SPYL.DE is a S&P 500 fund tracking the S&P 500. Both are passively managed. Over the past year, CU2G.L returned 28.55% vs 29.23% for SPYL.DE. Their correlation of 0.87 suggests significant overlap in exposure. CU2G.L charges 0.18%/yr vs 0.03%/yr for SPYL.DE.
Performance
CU2G.L vs. SPYL.DE - Performance Comparison
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Different Trading Currencies
CU2G.L is traded in GBp, while SPYL.DE is traded in EUR. To make them comparable, the SPYL.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CU2G.L achieves a 12.15% return, which is significantly higher than SPYL.DE's 10.55% return.
CU2G.L
- 1D
- -0.01%
- 1M
- 8.13%
- YTD
- 12.15%
- 6M
- 12.93%
- 1Y
- 28.55%
- 3Y*
- 16.92%
- 5Y*
- 13.05%
- 10Y*
- 15.40%
SPYL.DE
- 1D
- -0.31%
- 1M
- 6.25%
- YTD
- 10.55%
- 6M
- 10.45%
- 1Y
- 29.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CU2G.L vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CU2G.L Amundi MSCI USA UCITS USD | 12.15% | 6.37% | 21.31% | 9.84% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Acc | 10.55% | 10.16% | 26.56% | 9.17% |
Correlation
The correlation between CU2G.L and SPYL.DE is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.87 |
The correlation between CU2G.L and SPYL.DE has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
CU2G.L vs. SPYL.DE — Risk / Return Rank
CU2G.L
SPYL.DE
CU2G.L vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI USA UCITS USD (CU2G.L) and State Street SPDR S&P 500 UCITS ETF USD Acc (SPYL.DE). 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.
| CU2G.L | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.48 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 4.11 | -1.25 |
| Martin ratioReturn relative to average drawdown | 10.34 | 14.79 | -4.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CU2G.L | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 2.63 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.61 | -0.60 |
Drawdowns
CU2G.L vs. SPYL.DE - Drawdown Comparison
The maximum CU2G.L drawdown since its inception was -25.96%, which is greater than SPYL.DE's maximum drawdown of -22.01%. Use the drawdown chart below to compare losses from any high point for CU2G.L and SPYL.DE.
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Drawdown Indicators
| CU2G.L | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.96% | -22.01% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -9.93% | -7.08% | -2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -21.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.81% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.96% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -0.31% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -2.87% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 1.97% | +0.79% |
Volatility
CU2G.L vs. SPYL.DE - Volatility Comparison
Amundi MSCI USA UCITS USD (CU2G.L) and State Street SPDR S&P 500 UCITS ETF USD Acc (SPYL.DE) have volatilities of 3.21% and 3.13%, 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.
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Volatility by Period
| CU2G.L | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 3.13% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 7.45% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.78% | 11.13% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 13.84% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 13.84% | +1.92% |
CU2G.L vs. SPYL.DE - Expense Ratio Comparison
CU2G.L has a 0.18% expense ratio, which is higher than SPYL.DE'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
CU2G.L vs. SPYL.DE - Dividend Comparison
Neither CU2G.L nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
CU2G.L and SPYL.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.18% for CU2G.L.
CU2G.L is categorized as Large Cap Blend Equities, while SPYL.DE is S&P 500. CU2G.L tracks Russell 1000 TR USD, while SPYL.DE tracks S&P 500. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.18% for CU2G.L and 0.03% for SPYL.DE.
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