LSPU.L vs. SPY5.L

Last updated Jul 16, 2026

LSPU.L (Lyxor S&P 500 UCITS ETF - D-USD) and SPY5.L (State Street SPDR S&P 500 UCITS ETF (Dist)) are both S&P 500 funds - LSPU.L tracks the Russell 1000 TR USD while SPY5.L tracks the S&P 500 Index. Both are passively managed. Over the past 10 years, LSPU.L returned 15.13%/yr vs 14.69%/yr for SPY5.L. With a 0.99 correlation, they move nearly in lockstep. LSPU.L charges 0.09%/yr vs 0.03%/yr for SPY5.L.

Performance

LSPU.L vs. SPY5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor S&P 500 UCITS ETF - D-USD (LSPU.L) and State Street SPDR S&P 500 UCITS ETF (Dist) (SPY5.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with LSPU.L having a 10.36% return and SPY5.L slightly lower at 10.25%. Both investments have delivered pretty close results over the past 10 years, with LSPU.L having a 15.13% annualized return and SPY5.L not far behind at 14.69%.

LSPU.L

• 1D: 0.19%
• 1M: 0.04%
• 6M: 10.06%
• YTD: 10.36%
• 1Y: 21.98%
• 3Y*: 20.21%
• 5Y*: 13.22%
• 10Y*: 15.13%

SPY5.L

• 1D: 0.21%
• 1M: 0.08%
• 6M: 9.84%
• YTD: 10.25%
• 1Y: 21.81%
• 3Y*: 20.01%
• 5Y*: 13.00%
• 10Y*: 14.69%

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

LSPU.L vs. SPY5.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LSPU.L Lyxor S&P 500 UCITS ETF - D-USD	10.36%	17.50%	25.55%	26.93%	-18.54%	29.54%	17.98%	30.74%	-5.27%	21.92%
SPY5.L State Street SPDR S&P 500 UCITS ETF (Dist)	10.25%	17.43%	25.36%	26.64%	-18.68%	29.28%	17.52%	30.43%	-6.64%	21.12%

Correlation

The correlation between LSPU.L and SPY5.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	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	0.99
Correlation (All Time) Calculated using the full available price history since Mar 19, 2012	0.99

The correlation between LSPU.L and SPY5.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

LSPU.L vs. SPY5.L - Sectors Allocation Comparison

Sectors	LSPU.L	SPY5.L
Technology	39.0%	39.1%
Financial Services	11.1%	11.1%
Communication Services	10.6%	10.8%
Consumer Cyclical	9.9%	9.9%
Healthcare	8.3%	8.4%
Industrials	7.8%	7.8%
Consumer Defensive	4.5%	4.5%
Energy	3.1%	3.2%
Utilities	2.1%	2.1%
Real Estate	1.8%	1.8%
Basic Materials	1.7%	1.3%

Return for Risk

LSPU.L vs. SPY5.L — Risk / Return Rank

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

LSPU.L

LSPU.L Risk / Return Rank: 71
LSPU.L Sharpe Ratio Rank: 69
LSPU.L Sortino Ratio Rank: 76
LSPU.L Omega Ratio Rank: 68
LSPU.L Calmar Ratio Rank: 67
LSPU.L Martin Ratio Rank: 74

SPY5.L

SPY5.L Risk / Return Rank: 71
SPY5.L Sharpe Ratio Rank: 70
SPY5.L Sortino Ratio Rank: 76
SPY5.L Omega Ratio Rank: 69
SPY5.L Calmar Ratio Rank: 66
SPY5.L Martin Ratio Rank: 73

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.

LSPU.L vs. SPY5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor S&P 500 UCITS ETF - D-USD (LSPU.L) and State Street SPDR S&P 500 UCITS ETF (Dist) (SPY5.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.

	LSPU.L	SPY5.L	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.81	+0.01
Sortino ratio: Return per unit of downside risk	2.73	2.72	+0.02
Omega ratio: Gain probability vs. loss probability	1.33	1.33	0.00
Calmar ratio: Return relative to maximum drawdown	2.70	2.65	+0.05
Martin ratio: Return relative to average drawdown	10.86	10.77	+0.09

LSPU.L vs. SPY5.L - Sharpe Ratio Comparison

The current LSPU.L Sharpe Ratio is 1.81, which is comparable to the SPY5.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of LSPU.L and SPY5.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

LSPU.L vs. SPY5.L - Drawdown Comparison

The maximum LSPU.L drawdown since its inception was -41.00%, which is greater than SPY5.L's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for LSPU.L and SPY5.L.

Drawdown Indicators

	LSPU.L	SPY5.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.00%	-33.89%	-7.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	-8.18%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-18.42%	-18.36%	-0.06%
Max Drawdown (5Y) Largest decline over 5 years	-24.19%	-24.37%	+0.18%
Max Drawdown (10Y) Largest decline over 10 years	-34.00%	-33.89%	-0.11%
Current Drawdown Current decline from peak	-0.60%	-0.61%	+0.01%
Average Drawdown Average peak-to-trough decline	-3.87%	-3.70%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.02%	0.00%

Volatility

LSPU.L vs. SPY5.L - Volatility Comparison

Lyxor S&P 500 UCITS ETF - D-USD (LSPU.L) and State Street SPDR S&P 500 UCITS ETF (Dist) (SPY5.L) have volatilities of 2.88% and 2.85%, 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.

Volatility by Period

	LSPU.L	SPY5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	2.85%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	9.26%	+0.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.07%	12.03%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	16.00%	+0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	16.20%	+0.05%

LSPU.L vs. SPY5.L - Expense Ratio Comparison

LSPU.L has a 0.09% expense ratio, which is higher than SPY5.L'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

LSPU.L vs. SPY5.L - Dividend Comparison

LSPU.L's dividend yield for the trailing twelve months is around 0.90%, less than SPY5.L's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LSPU.L Lyxor S&P 500 UCITS ETF - D-USD	0.90%	0.99%	1.29%	1.00%	2.05%	1.11%	1.47%	1.64%	1.96%	1.68%	1.96%	2.01%
SPY5.L State Street SPDR S&P 500 UCITS ETF (Dist)	0.91%	0.97%	1.06%	1.19%	1.40%	0.99%	1.28%	1.44%	0.40%	1.14%	1.64%	1.73%

Frequently Asked Questions

Can I hold both LSPU.L and SPY5.L in my portfolio?

With a correlation of 0.99, LSPU.L and SPY5.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.

Which ETF is better, LSPU.L or SPY5.L?

On fees, SPY5.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LSPU.L or SPY5.L?

SPY5.L is cheaper with a 0.03% expense ratio, compared with 0.09% for LSPU.L.

What is the main difference between LSPU.L and SPY5.L?

LSPU.L tracks Russell 1000 TR USD, while SPY5.L tracks S&P 500 Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.09% for LSPU.L and 0.03% for SPY5.L.