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SPYL.L vs. VUSA.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SPYL.L vs. VUSA.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) and Vanguard S&P 500 UCITS ETF (VUSA.L).

SPYL.L and VUSA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPYL.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. VUSA.L is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on May 14, 2019. Both SPYL.L and VUSA.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

SPYL.L vs. VUSA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) and Vanguard S&P 500 UCITS ETF (VUSA.L). The values are adjusted to include any dividend payments, if applicable.

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SPYL.L vs. VUSA.L - Yearly Performance Comparison

2026 (YTD)202520242023
SPYL.L
SPDR S&P 500 UCITS ETF USD Acc		-4.07%17.39%25.33%14.46%
VUSA.L
Vanguard S&P 500 UCITS ETF		-4.21%17.65%25.21%14.65%
Different Trading Currencies

SPYL.L is traded in USD, while VUSA.L is traded in GBP. To make them comparable, the VUSA.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with SPYL.L having a -4.07% return and VUSA.L slightly lower at -4.21%.

SPYL.L

1D
2.47%
1M
-3.65%
YTD
-4.07%
6M
-0.94%
1Y
18.34%
3Y*
—
5Y*
—
10Y*
—

VUSA.L

1D
2.19%
1M
-4.04%
YTD
-4.21%
6M
-1.11%
1Y
18.11%
3Y*
18.75%
5Y*
11.76%
10Y*
13.85%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P 500 UCITS ETF USD Acc

Vanguard S&P 500 UCITS ETF

Often compared with SPYL.L:
SPYL.L vs. CSPX.LSPYL.L vs. SPYMSPYL.L vs. SPY5.LSPYL.L vs. QQQMSPYL.L vs. VOOSPYL.L vs. ACWD.LSPYL.L vs. VUAA.L
Often compared with VUSA.L:
VUSA.L vs. CSPX.ASVUSA.L vs. VOOVUSA.L vs. VWRL.LVUSA.L vs. SGLN.LVUSA.L vs. VUSA.DEVUSA.L vs. VNRT.LVUSA.L vs. VUKE.L

SPYL.L vs. VUSA.L - Expense Ratio Comparison

SPYL.L has a 0.03% expense ratio, which is lower than VUSA.L's 0.07% 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%.

VUSA.L
Vanguard S&P 500 UCITS ETF
SPYL.L
SPDR S&P 500 UCITS ETF USD Acc

Return for Risk

SPYL.L vs. VUSA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYL.L
SPYL.L Risk / Return Rank: 7575
Overall Rank
SPYL.L Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
SPYL.L Sortino Ratio Rank: 6262
Sortino Ratio Rank
SPYL.L Omega Ratio Rank: 6262
Omega Ratio Rank
SPYL.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
SPYL.L Martin Ratio Rank: 9696
Martin Ratio Rank
VUSA.L
VUSA.L Risk / Return Rank: 5959
Overall Rank
VUSA.L Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
VUSA.L Sortino Ratio Rank: 5050
Sortino Ratio Rank
VUSA.L Omega Ratio Rank: 5151
Omega Ratio Rank
VUSA.L Calmar Ratio Rank: 7575
Calmar Ratio Rank
VUSA.L Martin Ratio Rank: 6767
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.

SPYL.L vs. VUSA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) and Vanguard S&P 500 UCITS ETF (VUSA.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.

SPYL.LVUSA.LDifference

Sharpe ratio

Return per unit of total volatility

1.14

1.13

+0.01

Sortino ratio

Return per unit of downside risk

1.65

1.64

+0.01

Omega ratio

Gain probability vs. loss probability

1.24

1.23

+0.01

Calmar ratio

Return relative to maximum drawdown

4.12

2.00

+2.12

Martin ratio

Return relative to average drawdown

18.27

8.10

+10.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYL.L vs. VUSA.L - Sharpe Ratio Comparison

The current SPYL.L Sharpe Ratio is 1.14, which is comparable to the VUSA.L Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of SPYL.L and VUSA.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.

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Sharpe Ratios by Period

SPYL.LVUSA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.14

1.13

+0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.75

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.85

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.54

0.90

+0.65

Correlation

The correlation between SPYL.L and VUSA.L is 0.91, 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

SPYL.L vs. VUSA.L - Dividend Comparison

SPYL.L has not paid dividends to shareholders, while VUSA.L's dividend yield for the trailing twelve months is around 0.99%.

TTM20252024202320222021202020192018201720162015
SPYL.L
SPDR S&P 500 UCITS ETF USD 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%
VUSA.L
Vanguard S&P 500 UCITS ETF		0.99%0.95%1.00%1.24%1.41%1.04%1.44%1.50%1.72%1.61%1.58%1.73%

Drawdowns

SPYL.L vs. VUSA.L - Drawdown Comparison

The maximum SPYL.L drawdown since its inception was -18.42%, smaller than the maximum VUSA.L drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for SPYL.L and VUSA.L.

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Drawdown Indicators

SPYL.LVUSA.LDifference

Max Drawdown

Largest peak-to-trough decline

-18.42%

-25.47%

+7.05%

Max Drawdown (1Y)

Largest decline over 1 year

-11.78%

-10.49%

-1.29%

Max Drawdown (5Y)

Largest decline over 5 years

—

-20.94%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.47%

—

Current Drawdown

Current decline from peak

-5.41%

-4.76%

-0.65%

Average Drawdown

Average peak-to-trough decline

-1.83%

-3.22%

+1.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.83%

2.07%

-0.24%

Volatility

SPYL.L vs. VUSA.L - Volatility Comparison

SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) has a higher volatility of 4.84% compared to Vanguard S&P 500 UCITS ETF (VUSA.L) at 4.48%. This indicates that SPYL.L's price experiences larger fluctuations and is considered to be riskier than VUSA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPYL.LVUSA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.84%

4.48%

+0.36%

Volatility (6M)

Calculated over the trailing 6-month period

8.65%

8.67%

-0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

15.92%

16.07%

-0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.03%

15.70%

-1.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.03%

16.20%

-2.17%