SPY5.L vs. LCUJ.DE
SPY5.L (State Street SPDR S&P 500 UCITS ETF) and LCUJ.DE (Amundi MSCI Japan UCITS ETF Acc) are both exchange-traded funds - SPY5.L is a S&P 500 fund tracking the S&P 500, while LCUJ.DE is a Japan Equities fund tracking the MSCI Japan. Both are passively managed. Over the past 5 years, SPY5.L returned 13.71%/yr vs 9.12%/yr for LCUJ.DE. A 0.60 correlation means they provide meaningful diversification when combined. SPY5.L charges 0.09%/yr vs 0.12%/yr for LCUJ.DE.
Performance
SPY5.L vs. LCUJ.DE - Performance Comparison
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Different Trading Currencies
SPY5.L is traded in USD, while LCUJ.DE is traded in EUR. To make them comparable, the LCUJ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPY5.L achieves a 10.31% return, which is significantly lower than LCUJ.DE's 15.87% return.
SPY5.L
- 1D
- 0.01%
- 1M
- 4.49%
- YTD
- 10.31%
- 6M
- 11.16%
- 1Y
- 27.83%
- 3Y*
- 22.16%
- 5Y*
- 13.71%
- 10Y*
- 15.36%
LCUJ.DE
- 1D
- 0.53%
- 1M
- 5.62%
- YTD
- 15.87%
- 6M
- 16.71%
- 1Y
- 33.33%
- 3Y*
- 18.84%
- 5Y*
- 9.12%
- 10Y*
- —
SPY5.L vs. LCUJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPY5.L State Street SPDR S&P 500 UCITS ETF | 10.31% | 17.43% | 25.36% | 26.64% | -18.68% | 29.28% | 17.52% | 30.85% | -6.52% |
LCUJ.DE Amundi MSCI Japan UCITS ETF Acc | 15.87% | 27.24% | 7.09% | 20.21% | -17.30% | 1.36% | 15.37% | 19.84% | -13.82% |
Correlation
The correlation between SPY5.L and LCUJ.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2018 | 0.60 |
The correlation between SPY5.L and LCUJ.DE has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
SPY5.L vs. LCUJ.DE — Risk / Return Rank
SPY5.L
LCUJ.DE
SPY5.L vs. LCUJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF (SPY5.L) and Amundi MSCI Japan UCITS ETF Acc (LCUJ.DE). 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.
| SPY5.L | LCUJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.31 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.39 | 2.58 | +0.80 |
| Martin ratioReturn relative to average drawdown | 14.64 | 8.46 | +6.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPY5.L | LCUJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.39 | 1.62 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.50 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.45 | +0.50 |
Drawdowns
SPY5.L vs. LCUJ.DE - Drawdown Comparison
The maximum SPY5.L drawdown since its inception was -33.89%, roughly equal to the maximum LCUJ.DE drawdown of -32.52%. Use the drawdown chart below to compare losses from any high point for SPY5.L and LCUJ.DE.
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Drawdown Indicators
| SPY5.L | LCUJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -32.52% | -1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.18% | -12.73% | +4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -14.88% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -32.52% | +8.15% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -0.55% | 0.00% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -8.35% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 3.89% | -1.99% |
Volatility
SPY5.L vs. LCUJ.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF (SPY5.L) is 3.17%, while Amundi MSCI Japan UCITS ETF Acc (LCUJ.DE) has a volatility of 4.78%. This indicates that SPY5.L experiences smaller price fluctuations and is considered to be less risky than LCUJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPY5.L | LCUJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 4.78% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.48% | 16.13% | -7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 20.26% | -8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 18.02% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 18.04% | -1.80% |
SPY5.L vs. LCUJ.DE - Expense Ratio Comparison
SPY5.L has a 0.09% expense ratio, which is lower than LCUJ.DE's 0.12% 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
SPY5.L vs. LCUJ.DE - Dividend Comparison
SPY5.L's dividend yield for the trailing twelve months is around 0.89%, while LCUJ.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCUJ.DE Amundi MSCI Japan 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% |
SPY5.L State Street SPDR S&P 500 UCITS ETF | 0.89% | 0.97% | 1.06% | 1.19% | 1.40% | 0.99% | 1.28% | 1.71% | 2.20% | 2.29% | 1.64% | 1.73% |
Frequently Asked Questions
SPY5.L and LCUJ.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.L is cheaper with a 0.09% expense ratio, compared with 0.12% for LCUJ.DE.
SPY5.L is categorized as S&P 500, while LCUJ.DE is Japan Equities. SPY5.L tracks S&P 500, while LCUJ.DE tracks MSCI Japan. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.09% for SPY5.L and 0.12% for LCUJ.DE.
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