CU2U.L vs. SP5L.L

Last updated Jul 18, 2026

CU2U.L (Amundi MSCI USA UCITS USD) and SP5L.L (Lyxor S&P 500 UCITS ETF - Acc) are both exchange-traded funds - CU2U.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR 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, CU2U.L returned 13.87%/yr vs 13.00%/yr for SP5L.L. A 0.76 correlation means they provide meaningful diversification when combined. CU2U.L charges 0.18%/yr vs 0.07%/yr for SP5L.L.

Performance

CU2U.L vs. SP5L.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi MSCI USA UCITS USD (CU2U.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

CU2U.L is traded in USD, while SP5L.L is traded in GBP. To make them comparable, the SP5L.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CU2U.L achieves a 9.64% return, which is significantly higher than SP5L.L's 9.12% return. Over the past 10 years, CU2U.L has outperformed SP5L.L with an annualized return of 13.87%, while SP5L.L has yielded a comparatively lower 13.00% annualized return.

CU2U.L

• 1D: -1.43%
• 1M: -2.71%
• 6M: 8.23%
• YTD: 9.64%
• 1Y: 21.04%
• 3Y*: 16.62%
• 5Y*: 10.67%
• 10Y*: 13.87%

SP5L.L

• 1D: -1.12%
• 1M: 0.37%
• 6M: 8.22%
• YTD: 9.12%
• 1Y: 20.17%
• 3Y*: 19.69%
• 5Y*: 13.00%
• 10Y*: 13.00%

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

CU2U.L vs. SP5L.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CU2U.L Amundi MSCI USA UCITS USD	9.64%	14.10%	19.50%	27.09%	-20.03%	27.37%	20.45%	31.60%	-6.43%	21.69%
SP5L.L Lyxor S&P 500 UCITS ETF - Acc	9.12%	17.77%	25.48%	26.33%	-18.58%	30.00%	17.41%	32.02%	-4.72%	3.91%

Correlation

The correlation between CU2U.L and SP5L.L is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014	0.76

The correlation between CU2U.L and SP5L.L shifts across timeframes, from 0.76 (all time) to 0.89 (5 years), reflecting how their relationship changes across market environments.

CU2U.L vs. SP5L.L - Sectors Allocation Comparison

Sectors	CU2U.L	SP5L.L
Technology	37.8%	39.0%
Industrials	19.6%	7.8%
Financial Services	17.0%	11.1%
Communication Services	7.6%	10.6%
Healthcare	6.7%	8.3%
Consumer Cyclical	4.1%	9.9%
Basic Materials	4.1%	1.7%
Utilities	2.1%	2.1%
Consumer Defensive	0.4%	4.5%
Energy	0.3%	3.1%
Real Estate	0.3%	1.8%

Return for Risk

CU2U.L vs. SP5L.L — Risk / Return Rank

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

CU2U.L

CU2U.L Risk / Return Rank: 58
CU2U.L Sharpe Ratio Rank: 60
CU2U.L Sortino Ratio Rank: 65
CU2U.L Omega Ratio Rank: 59
CU2U.L Calmar Ratio Rank: 48
CU2U.L Martin Ratio Rank: 56

SP5L.L

SP5L.L Risk / Return Rank: 70
SP5L.L Sharpe Ratio Rank: 71
SP5L.L Sortino Ratio Rank: 68
SP5L.L Omega Ratio Rank: 70
SP5L.L Calmar Ratio Rank: 70
SP5L.L Martin Ratio Rank: 69

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.

CU2U.L vs. SP5L.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI USA UCITS USD (CU2U.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.

	CU2U.L	SP5L.L	Difference
Sharpe ratio: Return per unit of total volatility	1.53	1.73	-0.20
Sortino ratio: Return per unit of downside risk	2.30	2.53	-0.23
Omega ratio: Gain probability vs. loss probability	1.28	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	1.88	2.27	-0.38
Martin ratio: Return relative to average drawdown	7.33	9.35	-2.02

CU2U.L vs. SP5L.L - Sharpe Ratio Comparison

The current CU2U.L Sharpe Ratio is 1.53, which is comparable to the SP5L.L Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of CU2U.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

CU2U.L vs. SP5L.L - Drawdown Comparison

The maximum CU2U.L drawdown since its inception was -34.38%, roughly equal to the maximum SP5L.L drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for CU2U.L and SP5L.L.

Drawdown Indicators

	CU2U.L	SP5L.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.38%	-33.49%	-0.89%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-8.86%	-2.27%
Max Drawdown (3Y) Largest decline over 3 years	-19.32%	-19.21%	-0.11%
Max Drawdown (5Y) Largest decline over 5 years	-25.42%	-25.08%	-0.34%
Max Drawdown (10Y) Largest decline over 10 years	-34.38%	-33.49%	-0.89%
Current Drawdown Current decline from peak	-3.27%	-1.65%	-1.62%
Average Drawdown Average peak-to-trough decline	-4.13%	-6.56%	+2.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	2.15%	+0.71%

Volatility

CU2U.L vs. SP5L.L - Volatility Comparison

Amundi MSCI USA UCITS USD (CU2U.L) has a higher volatility of 4.24% compared to Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) at 3.33%. This indicates that CU2U.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

	CU2U.L	SP5L.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	3.33%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	11.14%	8.80%	+2.34%
Volatility (1Y) Calculated over the trailing 1-year period	13.71%	11.65%	+2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	19.83%	-3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	18.94%	-2.51%

CU2U.L vs. SP5L.L - Expense Ratio Comparison

CU2U.L has a 0.18% 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

CU2U.L vs. SP5L.L - Dividend Comparison

Neither CU2U.L nor SP5L.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CU2U.L and SP5L.L in my portfolio?

CU2U.L and SP5L.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CU2U.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, CU2U.L or SP5L.L?

SP5L.L is cheaper with a 0.07% expense ratio, compared with 0.18% for CU2U.L.

What is the main difference between CU2U.L and SP5L.L?

CU2U.L is categorized as Large Cap Blend Equities, while SP5L.L is S&P 500. CU2U.L tracks Russell 1000 TR USD, while SP5L.L tracks S&P 500 Index. Their fees differ too: 0.18% for CU2U.L and 0.07% for SP5L.L.