SP5L.L vs. SPX5.L

Last updated Jul 16, 2026

SP5L.L (Lyxor S&P 500 UCITS ETF - Acc) and SPX5.L (SPDR S&P 500 UCITS ETF) are both S&P 500 funds tracking the S&P 500 Index, from Amundi and State Street respectively. Both are passively managed. Over the past 10 years, SP5L.L returned 12.87%/yr vs 14.52%/yr for SPX5.L. Their correlation of 0.84 suggests significant overlap in exposure. SP5L.L charges 0.07%/yr vs 0.03%/yr for SPX5.L.

Performance

SP5L.L vs. SPX5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) and SPDR S&P 500 UCITS ETF (SPX5.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 SP5L.L having a 10.09% return and SPX5.L slightly lower at 10.01%. Over the past 10 years, SP5L.L has underperformed SPX5.L with an annualized return of 12.87%, while SPX5.L has yielded a comparatively higher 14.52% annualized return.

SP5L.L

• 1D: -0.54%
• 1M: -0.32%
• 6M: 9.61%
• YTD: 10.09%
• 1Y: 21.06%
• 3Y*: 18.94%
• 5Y*: 13.71%
• 10Y*: 12.87%

SPX5.L

• 1D: -0.52%
• 1M: -0.34%
• 6M: 9.55%
• YTD: 10.01%
• 1Y: 20.88%
• 3Y*: 18.92%
• 5Y*: 13.52%
• 10Y*: 14.52%

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

SP5L.L vs. SPX5.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SP5L.L Lyxor S&P 500 UCITS ETF - Acc	10.09%	9.50%	27.60%	19.99%	-8.84%	31.19%	13.92%	26.93%	1.00%	-5.12%
SPX5.L SPDR S&P 500 UCITS ETF	10.01%	9.34%	27.46%	19.76%	-9.00%	30.96%	13.52%	26.33%	-0.90%	10.29%

Correlation

The correlation between SP5L.L and SPX5.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	0.91
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014	0.84

The correlation between SP5L.L and SPX5.L shifts across timeframes, from 0.84 (all time) to 0.99 (1 year), reflecting how their relationship changes across market environments.

SP5L.L vs. SPX5.L - Sectors Allocation Comparison

Sectors	SP5L.L	SPX5.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

SP5L.L vs. SPX5.L — Risk / Return Rank

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

SP5L.L

SP5L.L Risk / Return Rank: 72
SP5L.L Sharpe Ratio Rank: 74
SP5L.L Sortino Ratio Rank: 71
SP5L.L Omega Ratio Rank: 74
SP5L.L Calmar Ratio Rank: 72
SP5L.L Martin Ratio Rank: 70

SPX5.L

SPX5.L Risk / Return Rank: 73
SPX5.L Sharpe Ratio Rank: 75
SPX5.L Sortino Ratio Rank: 72
SPX5.L Omega Ratio Rank: 74
SPX5.L Calmar Ratio Rank: 72
SPX5.L Martin Ratio Rank: 72

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.

SP5L.L vs. SPX5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) and SPDR S&P 500 UCITS ETF (SPX5.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.

	SP5L.L	SPX5.L	Difference
Sharpe ratio: Return per unit of total volatility	1.89	1.89	0.00
Sortino ratio: Return per unit of downside risk	2.59	2.61	-0.02
Omega ratio: Gain probability vs. loss probability	1.35	1.35	0.00
Calmar ratio: Return relative to maximum drawdown	2.91	2.94	-0.03
Martin ratio: Return relative to average drawdown	10.24	10.52	-0.28

SP5L.L vs. SPX5.L - Sharpe Ratio Comparison

The current SP5L.L Sharpe Ratio is 1.89, which is comparable to the SPX5.L Sharpe Ratio of 1.89. The chart below compares the historical Sharpe Ratios of SP5L.L and SPX5.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

SP5L.L vs. SPX5.L - Drawdown Comparison

The maximum SP5L.L drawdown since its inception was -25.47%, smaller than the maximum SPX5.L drawdown of -41.23%. Use the drawdown chart below to compare losses from any high point for SP5L.L and SPX5.L.

Drawdown Indicators

	SP5L.L	SPX5.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.47%	-41.23%	+15.76%
Max Drawdown (1Y) Largest decline over 1 year	-7.20%	-7.07%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-21.12%	-20.90%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-21.12%	-20.90%	-0.22%
Max Drawdown (10Y) Largest decline over 10 years	-25.47%	-25.45%	-0.02%
Current Drawdown Current decline from peak	-1.04%	-1.06%	+0.02%
Average Drawdown Average peak-to-trough decline	-5.14%	-7.45%	+2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.05%	1.98%	+0.07%

Volatility

SP5L.L vs. SPX5.L - Volatility Comparison

Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) has a higher volatility of 3.14% compared to SPDR S&P 500 UCITS ETF (SPX5.L) at 2.87%. This indicates that SP5L.L's price experiences larger fluctuations and is considered to be riskier than SPX5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SP5L.L	SPX5.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	2.87%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	7.95%	7.83%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	10.99%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.81%	14.30%	+4.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	15.41%	+2.55%

SP5L.L vs. SPX5.L - Expense Ratio Comparison

SP5L.L has a 0.07% expense ratio, which is higher than SPX5.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

SP5L.L vs. SPX5.L - Dividend Comparison

SP5L.L has not paid dividends to shareholders, while SPX5.L's dividend yield for the trailing twelve months is around 0.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SP5L.L Lyxor S&P 500 UCITS ETF - 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%
SPX5.L SPDR S&P 500 UCITS ETF	0.92%	0.98%	1.03%	1.21%	1.39%	0.98%	1.40%	1.48%	0.78%	1.19%	1.49%	1.68%

Frequently Asked Questions

Can I hold both SP5L.L and SPX5.L in my portfolio?

With a correlation of 0.99, SP5L.L and SPX5.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, SP5L.L or SPX5.L?

On fees, SPX5.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, SP5L.L or SPX5.L?

SPX5.L is cheaper with a 0.03% expense ratio, compared with 0.07% for SP5L.L.

What is the main difference between SP5L.L and SPX5.L?

Both ETFs track S&P 500 Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.07% for SP5L.L and 0.03% for SPX5.L.