VUAA.L vs. I500.L

Last updated Jun 6, 2026

VUAA.L (Vanguard S&P 500 UCITS ETF USD Accumulation) and I500.L (iShares S&P 500 Swap UCITS ETF) are both S&P 500 funds - VUAA.L tracks the S&P 500 Net Total Return while I500.L tracks the S&P 500 Net Dividends Reinvested Index (Net USD). Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.07% expense ratio.

Performance

VUAA.L vs. I500.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L) and iShares S&P 500 Swap UCITS ETF (I500.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VUAA.L is traded in USD, while I500.L is traded in GBP. To make them comparable, the I500.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VUAA.L achieves a 9.14% return, which is significantly lower than I500.L's 10.35% return.

VUAA.L

• 1D: -1.07%
• 1M: 2.12%
• YTD: 9.14%
• 6M: 9.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

I500.L

• 1D: 0.11%
• 1M: 3.25%
• YTD: 10.35%
• 6M: 10.65%
• 1Y: 27.87%
• 3Y*: 22.30%
• 5Y*: 13.95%
• 10Y*: —

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

VUAA.L vs. I500.L - Yearly Performance Comparison

	2026 (YTD)	2025
VUAA.L Vanguard S&P 500 UCITS ETF USD Accumulation	9.14%	15.63%
I500.L iShares S&P 500 Swap UCITS ETF	10.35%	15.72%

Correlation

The correlation between VUAA.L and I500.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 9, 2025	0.91

VUAA.L vs. I500.L - Sectors Allocation Comparison

Sectors	VUAA.L	I500.L
Technology	35.7%	35.6%
Financial Services	11.6%	11.8%
Communication Services	11.3%	11.2%
Consumer Cyclical	10.2%	10.1%
Healthcare	8.5%	8.5%
Industrials	8.3%	8.3%
Consumer Defensive	4.9%	4.9%
Energy	3.5%	3.5%
Utilities	2.4%	2.4%
Real Estate	1.9%	1.9%
Basic Materials	1.8%	1.8%

Return for Risk

VUAA.L vs. I500.L — Risk / Return Rank

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

I500.L

I500.L Risk / Return Rank: 83
I500.L Sharpe Ratio Rank: 86
I500.L Sortino Ratio Rank: 85
I500.L Omega Ratio Rank: 86
I500.L Calmar Ratio Rank: 80
I500.L Martin Ratio Rank: 79

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.

VUAA.L vs. I500.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L) and iShares S&P 500 Swap UCITS ETF (I500.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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VUAA.L	I500.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.55	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	1.10	+1.12

Drawdowns

VUAA.L vs. I500.L - Drawdown Comparison

The maximum VUAA.L drawdown since its inception was -8.18%, smaller than the maximum I500.L drawdown of -25.00%. Use the drawdown chart below to compare losses from any high point for VUAA.L and I500.L.

Drawdown Indicators

	VUAA.L	I500.L	Difference
Max Drawdown Largest peak-to-trough decline	-8.18%	-25.00%	+16.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.66%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.47%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.00%	—
Current Drawdown Current decline from peak	-1.61%	-0.54%	-1.07%
Average Drawdown Average peak-to-trough decline	-1.11%	-5.01%	+3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.00%	-0.09%

Volatility

Volatility by Period

	VUAA.L	I500.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.79%	10.98%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.79%	15.51%	-3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.79%	15.51%	-3.72%

VUAA.L vs. I500.L - Expense Ratio Comparison

Both VUAA.L and I500.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VUAA.L vs. I500.L - Dividend Comparison

Neither VUAA.L nor I500.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VUAA.L and I500.L in my portfolio?

With a correlation of 0.91, VUAA.L and I500.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, VUAA.L or I500.L?

Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUAA.L or I500.L?

VUAA.L and I500.L have the same expense ratio: 0.07% per year.

What is the main difference between VUAA.L and I500.L?

VUAA.L tracks S&P 500 Net Total Return, while I500.L tracks S&P 500 Net Dividends Reinvested Index (Net USD). They also come from different issuers: Vanguard and iShares.