USPA.L vs. BYBU.L

Last updated Jul 18, 2026

USPA.L (Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc)) and BYBU.L (Amundi S&P 500 Buyback ETF-C USD) are both S&P 500 funds - USPA.L tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG Index while BYBU.L tracks the S&P 500 Buyback NTR. Both are passively managed. Over the past 5 years, USPA.L returned 12.03%/yr vs 10.24%/yr for BYBU.L. A 0.77 correlation means they provide meaningful diversification when combined. USPA.L charges 0.07%/yr vs 0.15%/yr for BYBU.L.

Performance

USPA.L vs. BYBU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) (USPA.L) and Amundi S&P 500 Buyback ETF-C USD (BYBU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USPA.L achieves a 6.42% return, which is significantly lower than BYBU.L's 9.15% return.

USPA.L

• 1D: -0.92%
• 1M: -0.37%
• 6M: 6.70%
• YTD: 6.42%
• 1Y: 16.97%
• 3Y*: 18.65%
• 5Y*: 12.03%
• 10Y*: —

BYBU.L

• 1D: -0.17%
• 1M: 0.63%
• 6M: 6.98%
• YTD: 9.15%
• 1Y: 18.65%
• 3Y*: 15.73%
• 5Y*: 10.24%
• 10Y*: 12.89%

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

USPA.L vs. BYBU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
USPA.L Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc)	6.42%	15.76%	26.74%	30.46%	-22.10%	32.21%	16.58%
BYBU.L Amundi S&P 500 Buyback ETF-C USD	9.15%	17.38%	14.02%	15.99%	-11.79%	34.22%	23.76%

Correlation

The correlation between USPA.L and BYBU.L is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jul 29, 2020	0.77

The correlation between USPA.L and BYBU.L shifts across timeframes, from 0.66 (1 year) to 0.78 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

USPA.L vs. BYBU.L — Risk / Return Rank

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

USPA.L

USPA.L Risk / Return Rank: 50
USPA.L Sharpe Ratio Rank: 53
USPA.L Sortino Ratio Rank: 58
USPA.L Omega Ratio Rank: 52
USPA.L Calmar Ratio Rank: 41
USPA.L Martin Ratio Rank: 49

BYBU.L

BYBU.L Risk / Return Rank: 68
BYBU.L Sharpe Ratio Rank: 60
BYBU.L Sortino Ratio Rank: 67
BYBU.L Omega Ratio Rank: 55
BYBU.L Calmar Ratio Rank: 85
BYBU.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.

USPA.L vs. BYBU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) (USPA.L) and Amundi S&P 500 Buyback ETF-C USD (BYBU.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.

	USPA.L	BYBU.L	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.54	-0.17
Sortino ratio: Return per unit of downside risk	2.10	2.37	-0.27
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	1.60	3.58	-1.98
Martin ratio: Return relative to average drawdown	6.04	9.86	-3.82

USPA.L vs. BYBU.L - Sharpe Ratio Comparison

The current USPA.L Sharpe Ratio is 1.38, which is comparable to the BYBU.L Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of USPA.L and BYBU.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

USPA.L vs. BYBU.L - Drawdown Comparison

The maximum USPA.L drawdown since its inception was -27.78%, smaller than the maximum BYBU.L drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for USPA.L and BYBU.L.

Drawdown Indicators

	USPA.L	BYBU.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.78%	-43.01%	+15.23%
Max Drawdown (1Y) Largest decline over 1 year	-10.58%	-5.19%	-5.39%
Max Drawdown (3Y) Largest decline over 3 years	-18.86%	-19.21%	+0.35%
Max Drawdown (5Y) Largest decline over 5 years	-27.78%	-22.69%	-5.09%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.01%	—
Current Drawdown Current decline from peak	-1.85%	-0.17%	-1.68%
Average Drawdown Average peak-to-trough decline	-5.97%	-5.55%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	1.89%	+0.91%

Volatility

USPA.L vs. BYBU.L - Volatility Comparison

Franklin S&P 500 Paris Aligned Climate UCITS ETF USD (Acc) (USPA.L) has a higher volatility of 3.49% compared to Amundi S&P 500 Buyback ETF-C USD (BYBU.L) at 3.29%. This indicates that USPA.L's price experiences larger fluctuations and is considered to be riskier than BYBU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USPA.L	BYBU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	3.29%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	9.90%	8.62%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	12.06%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	16.87%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.48%	18.71%	-2.23%

USPA.L vs. BYBU.L - Expense Ratio Comparison

USPA.L has a 0.07% expense ratio, which is lower than BYBU.L's 0.15% 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

USPA.L vs. BYBU.L - Dividend Comparison

Neither USPA.L nor BYBU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both USPA.L and BYBU.L in my portfolio?

USPA.L and BYBU.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USPA.L or BYBU.L?

On fees, USPA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USPA.L or BYBU.L?

USPA.L is cheaper with a 0.07% expense ratio, compared with 0.15% for BYBU.L.

What is the main difference between USPA.L and BYBU.L?

USPA.L tracks S&P 500 Net Zero 2050 Paris-Aligned ESG Index, while BYBU.L tracks S&P 500 Buyback NTR. They also come from different issuers: Franklin and Amundi. Their fees differ too: 0.07% for USPA.L and 0.15% for BYBU.L.