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IUSA.L vs. LSPX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUSA.L vs. LSPX.L

Last updated Jun 5, 2026

IUSA.L (iShares S&P 500 UCITS Dist) and LSPX.L (Lyxor S&P 500 UCITS ETF - D-USD) are both S&P 500 funds tracking the S&P 500 Index, from iShares and Amundi respectively. Both are passively managed. Over the past 10 years, IUSA.L returned 16.52%/yr vs 16.37%/yr for LSPX.L. A 0.74 correlation means they provide meaningful diversification when combined. IUSA.L charges 0.07%/yr vs 0.09%/yr for LSPX.L.

Performance

IUSA.L vs. LSPX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares S&P 500 UCITS Dist (IUSA.L) and Lyxor S&P 500 UCITS ETF - D-USD (LSPX.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with IUSA.L having a 10.67% return and LSPX.L slightly lower at 10.61%. Both investments have delivered pretty close results over the past 10 years, with IUSA.L having a 16.52% annualized return and LSPX.L not far behind at 16.37%.

IUSA.L

1D
0.04%
1M
4.50%
YTD
10.67%
6M
10.05%
1Y
29.42%
3Y*
19.42%
5Y*
15.33%
10Y*
16.52%

LSPX.L

1D
-0.03%
1M
4.58%
YTD
10.61%
6M
9.90%
1Y
29.25%
3Y*
19.22%
5Y*
15.13%
10Y*
16.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUSA.L vs. LSPX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
IUSA.L
iShares S&P 500 UCITS Dist		10.67%9.70%27.73%20.24%-8.72%31.54%14.15%27.06%0.51%11.19%
LSPX.L
Lyxor S&P 500 UCITS ETF - D-USD		10.61%9.48%27.64%20.51%-9.65%30.18%15.43%29.10%-2.11%10.31%

Correlation

The correlation between IUSA.L and LSPX.L is 0.99 - 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

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.96

Correlation (10Y)
Calculated over the trailing 10-year period

0.89

Correlation (All Time)
Calculated using the full available price history since Oct 18, 2010

0.74

Over the past year, IUSA.L and LSPX.L have become more correlated (0.99) than their long-term average of 0.74, meaning their price movements have been converging.

IUSA.L vs. LSPX.L - Sectors Allocation Comparison

Sectors
IUSA.L
LSPX.L

Technology

38.2%
35.6%

Financial Services

11.1%
11.8%

Communication Services

10.9%
11.2%

Consumer Cyclical

10.0%
10.1%

Healthcare

8.3%
8.5%

Industrials

7.9%
8.3%

Consumer Defensive

4.7%
4.9%

Energy

3.2%
3.5%

Utilities

2.2%
2.4%

Real Estate

1.9%
1.9%

Basic Materials

1.7%
1.8%

Technology

IUSA.L
38.2%
LSPX.L
35.6%

Financial Services

IUSA.L
11.1%
LSPX.L
11.8%

Communication Services

IUSA.L
10.9%
LSPX.L
11.2%

Consumer Cyclical

IUSA.L
10.0%
LSPX.L
10.1%

Healthcare

IUSA.L
8.3%
LSPX.L
8.5%

Industrials

IUSA.L
7.9%
LSPX.L
8.3%

Consumer Defensive

IUSA.L
4.7%
LSPX.L
4.9%

Energy

IUSA.L
3.2%
LSPX.L
3.5%

Utilities

IUSA.L
2.2%
LSPX.L
2.4%

Real Estate

IUSA.L
1.9%
LSPX.L
1.9%

Basic Materials

IUSA.L
1.7%
LSPX.L
1.8%

Compare stocks, funds, or ETFs

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iShares S&P 500 UCITS Dist

Lyxor S&P 500 UCITS ETF - D-USD

Often compared with IUSA.L:
IUSA.L vs. CSP1.LIUSA.L vs. VUAA.LIUSA.L vs. IAPD.ASIUSA.L vs. SPX5.LIUSA.L vs. SPXP.LIUSA.L vs. VOOIUSA.L vs. IVV
Often compared with LSPX.L:
LSPX.L vs. VUAG.LLSPX.L vs. CSP1.LLSPX.L vs. XSTC.LLSPX.L vs. SPYLSPX.L vs. SPXP.LLSPX.L vs. VOOLSPX.L vs. VERG.L

Return for Risk

IUSA.L vs. LSPX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUSA.L
IUSA.L Risk / Return Rank: 8484
Overall Rank
IUSA.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
IUSA.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
IUSA.L Omega Ratio Rank: 8686
Omega Ratio Rank
IUSA.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
IUSA.L Martin Ratio Rank: 8080
Martin Ratio Rank
LSPX.L
LSPX.L Risk / Return Rank: 8383
Overall Rank
LSPX.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
LSPX.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
LSPX.L Omega Ratio Rank: 8686
Omega Ratio Rank
LSPX.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
LSPX.L Martin Ratio Rank: 7777
Martin Ratio Rank
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.

IUSA.L vs. LSPX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 UCITS Dist (IUSA.L) and Lyxor S&P 500 UCITS ETF - D-USD (LSPX.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.

IUSA.LLSPX.LDifference
Sharpe ratioReturn per unit of total volatility
2.82
2.80

+0.02

Sortino ratioReturn per unit of downside risk
3.78
3.72

+0.05

Omega ratioGain probability vs. loss probability

1.53

1.52

+0.01

Calmar ratioReturn relative to maximum drawdown

4.20

4.06

+0.14

Martin ratioReturn relative to average drawdown

15.53

14.65

+0.87

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUSA.L vs. LSPX.L - Sharpe Ratio Comparison

The current IUSA.L Sharpe Ratio is 2.82, which is comparable to the LSPX.L Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of IUSA.L and LSPX.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.

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Sharpe Ratios by Period

IUSA.LLSPX.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.82

2.80

+0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.07

1.09

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.06

1.13

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.58

1.30

-0.71

Drawdowns

IUSA.L vs. LSPX.L - Drawdown Comparison

The maximum IUSA.L drawdown since its inception was -38.58%, which is greater than LSPX.L's maximum drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for IUSA.L and LSPX.L.

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Drawdown Indicators

IUSA.LLSPX.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.58%

-25.47%

-13.11%

Max Drawdown (1Y)

Largest decline over 1 year

-7.01%

-7.22%

+0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-21.08%

-21.10%

+0.02%

Max Drawdown (5Y)

Largest decline over 5 years

-21.08%

-21.10%

+0.02%

Max Drawdown (10Y)

Largest decline over 10 years

-25.42%

-25.47%

+0.05%

Current Drawdown

Current decline from peak

-0.22%

-0.24%

+0.02%

Average Drawdown

Average peak-to-trough decline

-7.29%

-3.29%

-4.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.90%

2.00%

-0.10%

Volatility

IUSA.L vs. LSPX.L - Volatility Comparison

iShares S&P 500 UCITS Dist (IUSA.L) and Lyxor S&P 500 UCITS ETF - D-USD (LSPX.L) have volatilities of 2.62% and 2.58%, 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.LLSPX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.62%

2.58%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

7.13%

7.13%

0.00%

Volatility (1Y)

Calculated over the trailing 1-year period

10.44%

10.50%

-0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.33%

14.53%

-0.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.60%

17.05%

-1.45%

IUSA.L vs. LSPX.L - Expense Ratio Comparison

IUSA.L has a 0.07% expense ratio, which is lower than LSPX.L's 0.09% expense ratio. Despite the difference, 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.L vs. LSPX.L - Dividend Comparison

IUSA.L's dividend yield for the trailing twelve months is around 1.15%, more than LSPX.L's 0.91% yield.

PositionTTM20252024202320222021202020192018201720162015
IUSA.L
iShares S&P 500 UCITS Dist		1.15%1.24%1.28%1.55%1.74%1.39%1.80%1.96%2.22%1.95%1.75%2.29%
LSPX.L
Lyxor S&P 500 UCITS ETF - D-USD		0.91%1.00%1.27%1.02%2.06%1.10%1.53%1.70%1.97%1.72%1.87%1.96%

Frequently Asked Questions

With a correlation of 0.99, IUSA.L and LSPX.L 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, IUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IUSA.L is cheaper with a 0.07% expense ratio, compared with 0.09% for LSPX.L.

Both ETFs track S&P 500 Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.07% for IUSA.L and 0.09% for LSPX.L.

Portfolio Optimizer

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