SP5.PA vs. SPY5.L

Last updated Apr 2, 2026

Compare and contrast key facts about Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) and State Street SPDR S&P 500 UCITS ETF (SPY5.L).

SP5.PA and SPY5.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SP5.PA is a passively managed fund by Amundi that tracks the performance of the S&P 500 Index. It was launched on Mar 24, 2021. SPY5.L is a passively managed fund by State Street that tracks the performance of the S&P 500. It was launched on Aug 1, 2025. Both SP5.PA and SPY5.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SP5.PA vs. SPY5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) and State Street SPDR S&P 500 UCITS ETF (SPY5.L). The values are adjusted to include any dividend payments, if applicable.

SP5.PA vs. SPY5.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR	-2.85%	4.06%	34.08%	22.28%	-13.91%	40.50%	7.97%	33.38%	-0.25%	7.00%
SPY5.L State Street SPDR S&P 500 UCITS ETF	-2.58%	3.49%	33.64%	22.84%	-13.64%	38.95%	7.83%	33.81%	-0.63%	7.52%

Different Trading Currencies

SP5.PA is traded in EUR, while SPY5.L is traded in USD. To make them comparable, the SPY5.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SP5.PA achieves a -2.85% return, which is significantly higher than SPY5.L's -4.90% return. Both investments have delivered pretty close results over the past 10 years, with SP5.PA having a 13.88% annualized return and SPY5.L not far behind at 13.61%.

SP5.PA

• 1D: 1.70%
• 1M: -3.04%
• YTD: -2.85%
• 6M: 0.11%
• 1Y: 10.28%
• 3Y*: 16.25%
• 5Y*: 12.28%
• 10Y*: 13.88%

SPY5.L

• 1D: 0.00%
• 1M: -4.91%
• YTD: -4.90%
• 6M: -1.90%
• 1Y: 7.81%
• 3Y*: 15.21%
• 5Y*: 11.66%
• 10Y*: 13.61%

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

SP5.PA vs. SPY5.L - Expense Ratio Comparison

SP5.PA has a 0.05% expense ratio, which is lower than SPY5.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%.

SPY5.L

State Street SPDR S&P 500 UCITS ETF

SP5.PA

Amundi S&P 500 UCITS ETF - Dist EUR

Return for Risk

SP5.PA vs. SPY5.L — Risk / Return Rank

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

SP5.PA

SP5.PA Risk / Return Rank: 52
SP5.PA Sharpe Ratio Rank: 29
SP5.PA Sortino Ratio Rank: 28
SP5.PA Omega Ratio Rank: 30
SP5.PA Calmar Ratio Rank: 88
SP5.PA Martin Ratio Rank: 84

SPY5.L

SPY5.L Risk / Return Rank: 69
SPY5.L Sharpe Ratio Rank: 64
SPY5.L Sortino Ratio Rank: 65
SPY5.L Omega Ratio Rank: 64
SPY5.L Calmar Ratio Rank: 77
SPY5.L Martin Ratio Rank: 77

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.

SP5.PA vs. SPY5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) and State Street SPDR S&P 500 UCITS ETF (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.

	SP5.PA	SPY5.L	Difference
Sharpe ratio Return per unit of total volatility	0.59	0.47	+0.13
Sortino ratio Return per unit of downside risk	0.91	0.74	+0.17
Omega ratio Gain probability vs. loss probability	1.14	1.11	+0.03
Calmar ratio Return relative to maximum drawdown	3.09	1.00	+2.09
Martin ratio Return relative to average drawdown	10.65	3.20	+7.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SP5.PA vs. SPY5.L - Sharpe Ratio Comparison

The current SP5.PA Sharpe Ratio is 0.59, which is comparable to the SPY5.L Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of SP5.PA and SPY5.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SP5.PA	SPY5.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	0.47	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.74	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.81	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.88	-0.02

Correlation

The correlation between SP5.PA and SPY5.L is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SP5.PA vs. SPY5.L - Dividend Comparison

SP5.PA's dividend yield for the trailing twelve months is around 1.03%, which matches SPY5.L's 1.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SP5.PA Amundi S&P 500 UCITS ETF - Dist EUR	1.03%	1.00%	1.20%	1.05%	2.12%	1.09%	1.55%	1.64%	1.93%	1.76%	1.89%	2.03%
SPY5.L State Street SPDR S&P 500 UCITS ETF	1.02%	0.97%	1.06%	1.19%	1.40%	0.99%	1.28%	1.71%	2.20%	2.29%	1.64%	1.73%

Drawdowns

SP5.PA vs. SPY5.L - Drawdown Comparison

The maximum SP5.PA drawdown since its inception was -33.67%, roughly equal to the maximum SPY5.L drawdown of -33.39%. Use the drawdown chart below to compare losses from any high point for SP5.PA and SPY5.L.

Drawdown Indicators

	SP5.PA	SPY5.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.67%	-33.89%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-13.49%	-11.75%	-1.74%
Max Drawdown (5Y) Largest decline over 5 years	-23.28%	-24.37%	+1.09%
Max Drawdown (10Y) Largest decline over 10 years	-33.67%	-33.89%	+0.22%
Current Drawdown Current decline from peak	-5.18%	-5.37%	+0.19%
Average Drawdown Average peak-to-trough decline	-4.15%	-3.74%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	2.05%	+0.01%

Volatility

SP5.PA vs. SPY5.L - Volatility Comparison

The current volatility for Amundi S&P 500 UCITS ETF - Dist EUR (SP5.PA) is 3.80%, while State Street SPDR S&P 500 UCITS ETF (SPY5.L) has a volatility of 4.01%. This indicates that SP5.PA experiences smaller price fluctuations and is considered to be less risky than SPY5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SP5.PA	SPY5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	4.01%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	8.57%	8.68%	-0.11%
Volatility (1Y) Calculated over the trailing 1-year period	17.13%	16.69%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.21%	15.82%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.11%	16.68%	-0.57%