SPY5.L vs. S5SD.L

Last updated Jun 5, 2026

SPY5.L (State Street SPDR S&P 500 UCITS ETF) and S5SD.L (UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis) are both S&P 500 funds - SPY5.L tracks the S&P 500 while S5SD.L tracks the S&P 500 Index. Both are passively managed. Over the past year, SPY5.L returned 27.83% vs 28.81% for S5SD.L. Their correlation of 0.88 suggests significant overlap in exposure. SPY5.L charges 0.09%/yr vs 0.12%/yr for S5SD.L.

Performance

SPY5.L vs. S5SD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR S&P 500 UCITS ETF (SPY5.L) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SPY5.L is traded in USD, while S5SD.L is traded in GBp. To make them comparable, the S5SD.L 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 higher than S5SD.L's 8.70% 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%

S5SD.L

• 1D: -0.80%
• 1M: 4.09%
• YTD: 8.70%
• 6M: 10.26%
• 1Y: 28.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPY5.L vs. S5SD.L - Yearly Performance Comparison

	2026 (YTD)	2025
SPY5.L State Street SPDR S&P 500 UCITS ETF	10.31%	26.46%
S5SD.L UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis	8.70%	28.19%

Correlation

The correlation between SPY5.L and S5SD.L is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025	0.88

The correlation between SPY5.L and S5SD.L has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.

SPY5.L vs. S5SD.L - Sectors Allocation Comparison

Sectors	SPY5.L	S5SD.L
Technology	38.0%	38.6%
Financial Services	11.3%	12.0%
Communication Services	10.6%	14.5%
Consumer Cyclical	9.8%	4.6%
Healthcare	8.4%	9.3%
Industrials	7.6%	6.8%
Consumer Defensive	4.7%	5.1%
Energy	3.4%	4.2%
Utilities	2.6%	0.8%
Real Estate	1.8%	2.2%
Basic Materials	1.7%	1.9%

Return for Risk

SPY5.L vs. S5SD.L — Risk / Return Rank

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

SPY5.L

SPY5.L Risk / Return Rank: 75
SPY5.L Sharpe Ratio Rank: 75
SPY5.L Sortino Ratio Rank: 79
SPY5.L Omega Ratio Rank: 75
SPY5.L Calmar Ratio Rank: 69
SPY5.L Martin Ratio Rank: 77

S5SD.L

S5SD.L Risk / Return Rank: 85
S5SD.L Sharpe Ratio Rank: 88
S5SD.L Sortino Ratio Rank: 88
S5SD.L Omega Ratio Rank: 88
S5SD.L Calmar Ratio Rank: 81
S5SD.L Martin Ratio Rank: 81

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.

SPY5.L vs. S5SD.L - 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 UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.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.

	SPY5.L	S5SD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.39	2.65	-0.26
Sortino ratio: Return per unit of downside risk	3.51	3.86	-0.35
Omega ratio: Gain probability vs. loss probability	1.44	1.47	-0.04
Calmar ratio: Return relative to maximum drawdown	3.39	3.07	+0.31
Martin ratio: Return relative to average drawdown	14.64	13.34	+1.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPY5.L vs. S5SD.L - Sharpe Ratio Comparison

The current SPY5.L Sharpe Ratio is 2.39, which is comparable to the S5SD.L Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of SPY5.L and S5SD.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.

Sharpe Ratios by Period

	SPY5.L	S5SD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	2.65	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	—	—
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	3.04	-2.10

Drawdowns

SPY5.L vs. S5SD.L - Drawdown Comparison

The maximum SPY5.L drawdown since its inception was -33.89%, which is greater than S5SD.L's maximum drawdown of -9.53%. Use the drawdown chart below to compare losses from any high point for SPY5.L and S5SD.L.

Drawdown Indicators

	SPY5.L	S5SD.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-9.53%	-24.36%
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	-9.53%	+1.35%
Max Drawdown (3Y) Largest decline over 3 years	-18.37%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.89%	—	—
Current Drawdown Current decline from peak	-0.55%	-0.80%	+0.25%
Average Drawdown Average peak-to-trough decline	-3.70%	-1.16%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	2.20%	-0.30%

Volatility

SPY5.L vs. S5SD.L - Volatility Comparison

State Street SPDR S&P 500 UCITS ETF (SPY5.L) has a higher volatility of 3.17% compared to UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis (S5SD.L) at 2.88%. This indicates that SPY5.L's price experiences larger fluctuations and is considered to be riskier than S5SD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPY5.L	S5SD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	2.88%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	8.48%	8.01%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.59%	11.10%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.92%	11.60%	+4.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	11.60%	+4.64%

SPY5.L vs. S5SD.L - Expense Ratio Comparison

SPY5.L has a 0.09% expense ratio, which is lower than S5SD.L'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. S5SD.L - Dividend Comparison

SPY5.L's dividend yield for the trailing twelve months is around 0.89%, while S5SD.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
S5SD.L UBS ETF (IE) S&P 500 ESG UCITS ETF USD A-dis	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

Can I hold both SPY5.L and S5SD.L in my portfolio?

SPY5.L and S5SD.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPY5.L or S5SD.L?

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.

Which ETF is cheaper, SPY5.L or S5SD.L?

SPY5.L is cheaper with a 0.09% expense ratio, compared with 0.12% for S5SD.L.

What is the main difference between SPY5.L and S5SD.L?

SPY5.L tracks S&P 500, while S5SD.L tracks S&P 500 Index. They also come from different issuers: State Street and UBS. Their fees differ too: 0.09% for SPY5.L and 0.12% for S5SD.L.