FEDF.L vs. SP5L.L
FEDF.L (Amundi USD Fed Funds Rate UCITS ETF Acc) and SP5L.L (Lyxor S&P 500 UCITS ETF - Acc) are both exchange-traded funds - FEDF.L is a Money Market fund tracking the Solactive Fed Funds Effective Rate Total Return Index, while SP5L.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, FEDF.L returned 2.29%/yr vs 13.17%/yr for SP5L.L. At a 0.03 correlation, their price movements are largely independent. FEDF.L charges 0.10%/yr vs 0.07%/yr for SP5L.L.
Performance
FEDF.L vs. SP5L.L - Performance Comparison
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Different Trading Currencies
FEDF.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, FEDF.L achieves a 1.67% return, which is significantly lower than SP5L.L's 7.61% return. Over the past 10 years, FEDF.L has underperformed SP5L.L with an annualized return of 2.29%, while SP5L.L has yielded a comparatively higher 13.17% annualized return.
FEDF.L
- 1D
- 0.00%
- 1M
- 0.25%
- YTD
- 1.67%
- 6M
- 1.82%
- 1Y
- 3.83%
- 3Y*
- 4.65%
- 5Y*
- 3.56%
- 10Y*
- 2.29%
SP5L.L
- 1D
- -1.23%
- 1M
- -1.37%
- YTD
- 7.61%
- 6M
- 7.28%
- 1Y
- 24.40%
- 3Y*
- 20.74%
- 5Y*
- 13.06%
- 10Y*
- 13.17%
FEDF.L vs. SP5L.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDF.L Amundi USD Fed Funds Rate UCITS ETF Acc | 1.67% | 4.26% | 5.24% | 5.10% | 1.60% | -0.03% | 0.28% | 2.13% | 1.74% | 0.93% |
SP5L.L Lyxor S&P 500 UCITS ETF - Acc | 7.61% | 17.77% | 25.48% | 26.33% | -18.58% | 30.00% | 17.41% | 32.02% | -4.72% | 3.91% |
Correlation
The correlation between FEDF.L and SP5L.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2015 | 0.03 |
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Return for Risk
FEDF.L vs. SP5L.L — Risk / Return Rank
FEDF.L
SP5L.L
FEDF.L vs. SP5L.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi USD Fed Funds Rate UCITS ETF Acc (FEDF.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.
| FEDF.L | SP5L.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.77 | ||
| Sortino ratioReturn per unit of downside risk | +10.26 | ||
| Omega ratioGain probability vs. loss probability | 3.12 | 1.37 | +1.74 |
| Calmar ratioReturn relative to maximum drawdown | 29.42 | 2.74 | +26.68 |
| Martin ratioReturn relative to average drawdown | 169.36 | 11.57 | +157.79 |
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Drawdowns
FEDF.L vs. SP5L.L - Drawdown Comparison
The maximum FEDF.L drawdown since its inception was -0.28%, smaller than the maximum SP5L.L drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for FEDF.L and SP5L.L.
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Drawdown Indicators
| FEDF.L | SP5L.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.28% | -33.49% | +33.21% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -8.86% | +8.73% |
Max Drawdown (3Y)Largest decline over 3 years | -0.13% | -19.21% | +19.08% |
Max Drawdown (5Y)Largest decline over 5 years | -0.13% | -25.08% | +24.95% |
Max Drawdown (10Y)Largest decline over 10 years | -0.28% | -33.49% | +33.21% |
Current DrawdownCurrent decline from peak | -0.04% | -3.01% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -6.59% | +6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 2.10% | -2.08% |
Volatility
FEDF.L vs. SP5L.L - Volatility Comparison
The current volatility for Amundi USD Fed Funds Rate UCITS ETF Acc (FEDF.L) is 0.10%, while Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) has a volatility of 3.78%. This indicates that FEDF.L experiences smaller price fluctuations and is considered to be less risky than SP5L.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEDF.L | SP5L.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 3.78% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 0.36% | 8.61% | -8.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.56% | 11.52% | -10.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.43% | 19.82% | -19.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.35% | 19.05% | -18.70% |
FEDF.L vs. SP5L.L - Expense Ratio Comparison
FEDF.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
FEDF.L vs. SP5L.L - Dividend Comparison
Neither FEDF.L nor SP5L.L has paid dividends to shareholders.
Frequently Asked Questions
FEDF.L and SP5L.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SP5L.L is cheaper with a 0.07% expense ratio, compared with 0.10% for FEDF.L.
FEDF.L is categorized as Money Market, while SP5L.L is S&P 500. FEDF.L tracks Solactive Fed Funds Effective Rate Total Return Index, while SP5L.L tracks S&P 500 Index. Their fees differ too: 0.10% for FEDF.L and 0.07% for SP5L.L.
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