IUSA.DE vs. SPY5.DE
IUSA.DE (iShares Core S&P 500 UCITS ETF USD Dist) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both S&P 500 funds tracking the S&P 500 Index, from iShares and State Street respectively. Both are passively managed. Over the past 10 years, IUSA.DE returned 15.16%/yr vs 15.13%/yr for SPY5.DE. With a 0.98 correlation, they move nearly in lockstep. IUSA.DE charges 0.07%/yr vs 0.03%/yr for SPY5.DE.
Performance
IUSA.DE vs. SPY5.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IUSA.DE having a 11.42% return and SPY5.DE slightly lower at 11.39%. Both investments have delivered pretty close results over the past 10 years, with IUSA.DE having a 15.16% annualized return and SPY5.DE not far behind at 15.13%.
IUSA.DE
- 1D
- -0.13%
- 1M
- 4.35%
- YTD
- 11.42%
- 6M
- 10.93%
- 1Y
- 25.71%
- 3Y*
- 19.00%
- 5Y*
- 14.90%
- 10Y*
- 15.16%
SPY5.DE
- 1D
- -0.13%
- 1M
- 4.37%
- YTD
- 11.39%
- 6M
- 10.88%
- 1Y
- 25.57%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 10Y*
- 15.13%
IUSA.DE vs. SPY5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 11.42% | 4.84% | 32.50% | 22.60% | -14.19% | 41.00% | 7.02% | 34.79% | -0.83% | 7.30% |
SPY5.DE SPDR S&P 500 UCITS ETF | 11.39% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.93% | 0.25% | 6.69% |
Correlation
The correlation between IUSA.DE and SPY5.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2012 | 0.98 |
The correlation between IUSA.DE and SPY5.DE has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
IUSA.DE vs. SPY5.DE — Risk / Return Rank
IUSA.DE
SPY5.DE
IUSA.DE vs. SPY5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) and SPDR S&P 500 UCITS ETF (SPY5.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.
| IUSA.DE | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.57 | +0.06 |
| Martin ratioReturn relative to average drawdown | 12.88 | 12.77 | +0.11 |
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
| IUSA.DE | SPY5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.24 | 2.22 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.96 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.93 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.97 | -0.30 |
Drawdowns
IUSA.DE vs. SPY5.DE - Drawdown Comparison
The maximum IUSA.DE drawdown since its inception was -50.54%, which is greater than SPY5.DE's maximum drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for IUSA.DE and SPY5.DE.
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Drawdown Indicators
| IUSA.DE | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.54% | -33.86% | -16.68% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -7.15% | +0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -23.34% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | -23.34% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | -33.86% | +0.23% |
Current DrawdownCurrent decline from peak | -0.46% | -0.44% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -3.95% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 2.00% | 0.00% |
Volatility
IUSA.DE vs. SPY5.DE - Volatility Comparison
iShares Core S&P 500 UCITS ETF USD Dist (IUSA.DE) and SPDR S&P 500 UCITS ETF (SPY5.DE) have volatilities of 2.67% and 2.66%, 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
| IUSA.DE | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.67% | 2.66% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 7.54% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 11.51% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 15.18% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 16.07% | -0.01% |
IUSA.DE vs. SPY5.DE - Expense Ratio Comparison
IUSA.DE has a 0.07% expense ratio, which is higher than SPY5.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
IUSA.DE vs. SPY5.DE - Dividend Comparison
IUSA.DE's dividend yield for the trailing twelve months is around 0.99%, more than SPY5.DE's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSA.DE iShares Core S&P 500 UCITS ETF USD Dist | 0.99% | 1.08% | 1.07% | 1.35% | 1.54% | 1.16% | 1.62% | 1.66% | 2.00% | 2.09% | 1.50% | 1.68% |
SPY5.DE SPDR S&P 500 UCITS ETF | 0.89% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.74% | 3.30% | 1.59% | 1.57% | 1.69% |
Frequently Asked Questions
With a correlation of 1.00, IUSA.DE and SPY5.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.07% for IUSA.DE.
Both ETFs track S&P 500 Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.07% for IUSA.DE and 0.03% for SPY5.DE.
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