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

LSPX.L vs. IUSA.L

Last updated Jun 5, 2026

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

Performance

LSPX.L vs. IUSA.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 UCITS Dist (IUSA.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 investments are quite close, with LSPX.L having a 10.61% return and IUSA.L slightly higher at 10.67%. Both investments have delivered pretty close results over the past 10 years, with LSPX.L having a 16.37% annualized return and IUSA.L not far ahead at 16.52%.

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%

IUSA.L

1D
0.04%
1M
5.55%
YTD
10.67%
6M
10.66%
1Y
29.55%
3Y*
19.42%
5Y*
15.33%
10Y*
16.52%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LSPX.L vs. IUSA.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%
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%

Correlation

The correlation between LSPX.L and IUSA.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, LSPX.L and IUSA.L have become more correlated (0.99) than their long-term average of 0.74, meaning their price movements have been converging.

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

Sectors
LSPX.L
IUSA.L

Technology

35.6%
38.2%

Financial Services

11.8%
11.1%

Communication Services

11.2%
10.9%

Consumer Cyclical

10.1%
10.0%

Healthcare

8.5%
8.3%

Industrials

8.3%
7.9%

Consumer Defensive

4.9%
4.7%

Energy

3.5%
3.2%

Utilities

2.4%
2.2%

Real Estate

1.9%
1.9%

Basic Materials

1.8%
1.7%

Technology

LSPX.L
35.6%
IUSA.L
38.2%

Financial Services

LSPX.L
11.8%
IUSA.L
11.1%

Communication Services

LSPX.L
11.2%
IUSA.L
10.9%

Consumer Cyclical

LSPX.L
10.1%
IUSA.L
10.0%

Healthcare

LSPX.L
8.5%
IUSA.L
8.3%

Industrials

LSPX.L
8.3%
IUSA.L
7.9%

Consumer Defensive

LSPX.L
4.9%
IUSA.L
4.7%

Energy

LSPX.L
3.5%
IUSA.L
3.2%

Utilities

LSPX.L
2.4%
IUSA.L
2.2%

Real Estate

LSPX.L
1.9%
IUSA.L
1.9%

Basic Materials

LSPX.L
1.8%
IUSA.L
1.7%

Compare stocks, funds, or ETFs

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Lyxor S&P 500 UCITS ETF - D-USD

iShares S&P 500 UCITS Dist

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 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

Return for Risk

LSPX.L vs. IUSA.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
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
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. IUSA.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 UCITS Dist (IUSA.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.LIUSA.LDifference
Sharpe ratioReturn per unit of total volatility
2.80
2.82

-0.02

Sortino ratioReturn per unit of downside risk
3.72
3.78

-0.05

Omega ratioGain probability vs. loss probability

1.52

1.53

-0.01

Calmar ratioReturn relative to maximum drawdown

4.06

4.20

-0.14

Martin ratioReturn relative to average drawdown

14.65

15.53

-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.

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

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

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.80

2.82

-0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.09

1.07

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.13

1.06

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

1.30

0.58

+0.71

Drawdowns

LSPX.L vs. IUSA.L - Drawdown Comparison

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

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Drawdown Indicators

LSPX.LIUSA.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.47%

-38.58%

+13.11%

Max Drawdown (1Y)

Largest decline over 1 year

-7.22%

-7.01%

-0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-21.10%

-21.08%

-0.02%

Max Drawdown (5Y)

Largest decline over 5 years

-21.10%

-21.08%

-0.02%

Max Drawdown (10Y)

Largest decline over 10 years

-25.47%

-25.42%

-0.05%

Current Drawdown

Current decline from peak

-0.24%

-0.22%

-0.02%

Average Drawdown

Average peak-to-trough decline

-3.29%

-7.29%

+4.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.00%

1.90%

+0.10%

Volatility

LSPX.L vs. IUSA.L - Volatility Comparison

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

LSPX.LIUSA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.58%

2.62%

-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

10.50%

10.44%

+0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

14.33%

+0.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.05%

15.60%

+1.45%

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

LSPX.L has a 0.09% expense ratio, which is higher than IUSA.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

LSPX.L vs. IUSA.L - Dividend Comparison

LSPX.L's dividend yield for the trailing twelve months is around 0.91%, less than IUSA.L's 1.15% 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, LSPX.L and IUSA.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: Amundi and iShares. Their fees differ too: 0.09% for LSPX.L and 0.07% for IUSA.L.

Portfolio Optimizer

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