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

LSPX.L vs. IUES.L

Last updated Jun 5, 2026

LSPX.L (Lyxor S&P 500 UCITS ETF - D-USD) and IUES.L (iShares S&P 500 Energy Sector UCITS ETF USD (Acc)) are both exchange-traded funds - LSPX.L is a S&P 500 fund tracking the S&P 500 Index, while IUES.L is a Energy Equities fund tracking the MSCI World/Energy NR USD. Both are passively managed. Over the past 10 years, LSPX.L returned 16.37%/yr vs 10.07%/yr for IUES.L. At a 0.37 correlation, their price movements are largely independent. LSPX.L charges 0.09%/yr vs 0.15%/yr for IUES.L.

Performance

LSPX.L vs. IUES.L - Performance Comparison

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

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Different Trading Currencies

LSPX.L is traded in GBp, while IUES.L is traded in USD. To make them comparable, the IUES.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, LSPX.L achieves a 10.61% return, which is significantly lower than IUES.L's 31.41% return. Over the past 10 years, LSPX.L has outperformed IUES.L with an annualized return of 16.37%, while IUES.L has yielded a comparatively lower 10.07% annualized return.

LSPX.L

1D
-0.03%
1M
5.53%
YTD
10.61%
6M
10.54%
1Y
29.34%
3Y*
19.22%
5Y*
15.13%
10Y*
16.37%

IUES.L

1D
0.00%
1M
0.15%
YTD
31.41%
6M
28.75%
1Y
48.19%
3Y*
14.03%
5Y*
21.71%
10Y*
10.07%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
IUES.L
iShares S&P 500 Energy Sector UCITS ETF USD (Acc)		30.98%1.99%5.69%-5.60%83.32%53.38%-35.31%4.67%-13.27%-9.73%

Correlation

The correlation between LSPX.L and IUES.L is -0.05, 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

-0.05

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

0.23

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

0.29

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

0.37

Correlation (All Time)
Calculated using the full available price history since Nov 25, 2015

0.37

The correlation between LSPX.L and IUES.L shifts across timeframes, from -0.05 (1 year) to 0.37 (10 years), reflecting how their relationship changes across market environments.

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

Sectors
LSPX.L
IUES.L

Technology

35.6%

-

Financial Services

11.8%

-

Communication Services

11.2%

-

Consumer Cyclical

10.1%

-

Healthcare

8.5%

-

Industrials

8.3%

-

Consumer Defensive

4.9%

-

Energy

3.5%
100.0%

Utilities

2.4%

-

Real Estate

1.9%

-

Basic Materials

1.8%

-

Technology

LSPX.L
35.6%
IUES.L

-

Financial Services

LSPX.L
11.8%
IUES.L

-

Communication Services

LSPX.L
11.2%
IUES.L

-

Consumer Cyclical

LSPX.L
10.1%
IUES.L

-

Healthcare

LSPX.L
8.5%
IUES.L

-

Industrials

LSPX.L
8.3%
IUES.L

-

Consumer Defensive

LSPX.L
4.9%
IUES.L

-

Energy

LSPX.L
3.5%
IUES.L
100.0%

Utilities

LSPX.L
2.4%
IUES.L

-

Real Estate

LSPX.L
1.9%
IUES.L

-

Basic Materials

LSPX.L
1.8%
IUES.L

-

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Lyxor S&P 500 UCITS ETF - D-USD

iShares S&P 500 Energy Sector UCITS ETF USD (Acc)

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
Often compared with IUES.L:
IUES.L vs. XLEIUES.L vs. IXCIUES.L vs. CSPX.LIUES.L vs. WENS.LIUES.L vs. VUAA.LIUES.L vs. RSPGIUES.L vs. VWRA.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
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
IUES.L
IUES.L Risk / Return Rank: 6060
Overall Rank
IUES.L Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
IUES.L Sortino Ratio Rank: 5656
Sortino Ratio Rank
IUES.L Omega Ratio Rank: 5959
Omega Ratio Rank
IUES.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
IUES.L Martin Ratio Rank: 5757
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.

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

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

LSPX.LIUES.LDifference
Sharpe ratioReturn per unit of total volatility
2.80
2.08

+0.71

Sortino ratioReturn per unit of downside risk
3.72
2.56

+1.16

Omega ratioGain probability vs. loss probability

1.52

1.36

+0.16

Calmar ratioReturn relative to maximum drawdown

4.06

2.89

+1.17

Martin ratioReturn relative to average drawdown

14.65

8.95

+5.71

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

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

The current LSPX.L Sharpe Ratio is 2.80, which is higher than the IUES.L Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of LSPX.L and IUES.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

LSPX.LIUES.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.80

2.08

+0.71

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.09

0.81

+0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.13

0.36

+0.77

Sharpe Ratio (All Time)

Calculated using the full available price history

1.30

0.36

+0.94

Drawdowns

LSPX.L vs. IUES.L - Drawdown Comparison

The maximum LSPX.L drawdown since its inception was -25.47%, smaller than the maximum IUES.L drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for LSPX.L and IUES.L.

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Drawdown Indicators

LSPX.LIUES.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.47%

-62.40%

+36.93%

Max Drawdown (1Y)

Largest decline over 1 year

-7.22%

-16.59%

+9.37%

Max Drawdown (3Y)

Largest decline over 3 years

-21.10%

-23.92%

+2.82%

Max Drawdown (5Y)

Largest decline over 5 years

-21.10%

-23.92%

+2.82%

Max Drawdown (10Y)

Largest decline over 10 years

-25.47%

-62.40%

+36.93%

Current Drawdown

Current decline from peak

-0.24%

-8.77%

+8.53%

Average Drawdown

Average peak-to-trough decline

-3.29%

-16.00%

+12.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

5.37%

-3.37%

Volatility

LSPX.L vs. IUES.L - Volatility Comparison

The current volatility for Lyxor S&P 500 UCITS ETF - D-USD (LSPX.L) is 2.58%, while iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) has a volatility of 8.73%. This indicates that LSPX.L experiences smaller price fluctuations and is considered to be less risky than IUES.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LSPX.LIUES.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.58%

8.73%

-6.15%

Volatility (6M)

Calculated over the trailing 6-month period

7.13%

19.54%

-12.41%

Volatility (1Y)

Calculated over the trailing 1-year period

10.50%

23.12%

-12.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

26.63%

-12.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.05%

28.23%

-11.18%

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

LSPX.L has a 0.09% expense ratio, which is lower than IUES.L's 0.15% 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

LSPX.L vs. IUES.L - Dividend Comparison

LSPX.L's dividend yield for the trailing twelve months is around 0.91%, while IUES.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IUES.L
iShares S&P 500 Energy Sector UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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

LSPX.L and IUES.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, LSPX.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

LSPX.L is cheaper with a 0.09% expense ratio, compared with 0.15% for IUES.L.

LSPX.L is categorized as S&P 500, while IUES.L is Energy Equities. LSPX.L tracks S&P 500 Index, while IUES.L tracks MSCI World/Energy NR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.09% for LSPX.L and 0.15% for IUES.L.

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