WATL.L vs. SP5L.L

Last updated Jun 26, 2026

WATL.L (Lyxor MSCI Water ESG Filtered (DR) UCITS ETF Dist) and SP5L.L (Lyxor S&P 500 UCITS ETF - Acc) are both exchange-traded funds - WATL.L is a Water Equities fund tracking the S&P Global Water TR, while SP5L.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, WATL.L returned 9.56%/yr vs 13.61%/yr for SP5L.L. A 0.60 correlation means they provide meaningful diversification when combined. WATL.L charges 0.60%/yr vs 0.07%/yr for SP5L.L.

Performance

WATL.L vs. SP5L.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor MSCI Water ESG Filtered (DR) UCITS ETF Dist (WATL.L) and Lyxor S&P 500 UCITS ETF - Acc (SP5L.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WATL.L is traded in GBp, while SP5L.L is traded in GBP. To make them comparable, the SP5L.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, WATL.L achieves a 5.12% return, which is significantly lower than SP5L.L's 9.53% return. Over the past 10 years, WATL.L has underperformed SP5L.L with an annualized return of 9.56%, while SP5L.L has yielded a comparatively higher 13.61% annualized return.

WATL.L

• 1D: 1.35%
• 1M: 4.84%
• YTD: 5.12%
• 6M: 5.27%
• 1Y: 6.96%
• 3Y*: 9.69%
• 5Y*: 6.86%
• 10Y*: 9.56%

SP5L.L

• 1D: -1.07%
• 1M: -0.10%
• YTD: 9.53%
• 6M: 9.69%
• 1Y: 26.05%
• 3Y*: 19.28%
• 5Y*: 14.16%
• 10Y*: 13.61%

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

WATL.L vs. SP5L.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WATL.L Lyxor MSCI Water ESG Filtered (DR) UCITS ETF Dist	5.12%	6.48%	7.33%	16.26%	-11.97%	25.45%	13.28%	32.02%	-12.68%	14.47%
SP5L.L Lyxor S&P 500 UCITS ETF - Acc	9.53%	9.50%	27.60%	19.99%	-8.84%	31.19%	13.92%	26.93%	1.00%	-5.12%

Correlation

The correlation between WATL.L and SP5L.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Dec 9, 2014	0.60

Over the past year, the correlation between WATL.L and SP5L.L has dropped to 0.40 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.

WATL.L vs. SP5L.L - Sectors Allocation Comparison

Sectors	WATL.L	SP5L.L
Industrials	75.1%	7.8%
Utilities	23.5%	2.1%
Technology	1.4%	39.0%
Basic Materials	0.6%	1.7%
Communication Services	0.0%	10.6%
Consumer Cyclical	0.0%	9.9%
Financial Services	0.0%	11.1%
Consumer Defensive	0.0%	4.5%
Energy	0.0%	3.1%
Healthcare	0.0%	8.3%
Real Estate	-	1.8%

Return for Risk

WATL.L vs. SP5L.L — Risk / Return Rank

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

WATL.L

WATL.L Risk / Return Rank: 17
WATL.L Sharpe Ratio Rank: 19
WATL.L Sortino Ratio Rank: 17
WATL.L Omega Ratio Rank: 17
WATL.L Calmar Ratio Rank: 16
WATL.L Martin Ratio Rank: 16

SP5L.L

SP5L.L Risk / Return Rank: 81
SP5L.L Sharpe Ratio Rank: 84
SP5L.L Sortino Ratio Rank: 82
SP5L.L Omega Ratio Rank: 84
SP5L.L Calmar Ratio Rank: 79
SP5L.L Martin Ratio Rank: 77

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.

WATL.L vs. SP5L.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Water ESG Filtered (DR) UCITS ETF Dist (WATL.L) and Lyxor S&P 500 UCITS ETF - Acc (SP5L.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.

	WATL.L	SP5L.L	Difference
Sharpe ratio: Return per unit of total volatility	0.60	2.36	-1.76
Sortino ratio: Return per unit of downside risk	0.90	3.19	-2.29
Omega ratio: Gain probability vs. loss probability	1.11	1.44	-0.33
Calmar ratio: Return relative to maximum drawdown	0.60	3.60	-3.00
Martin ratio: Return relative to average drawdown	1.42	12.74	-11.32

WATL.L vs. SP5L.L - Sharpe Ratio Comparison

The current WATL.L Sharpe Ratio is 0.60, which is lower than the SP5L.L Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of WATL.L and SP5L.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

WATL.L vs. SP5L.L - Drawdown Comparison

The maximum WATL.L drawdown since its inception was -47.32%, which is greater than SP5L.L's maximum drawdown of -25.47%. Use the drawdown chart below to compare losses from any high point for WATL.L and SP5L.L.

Drawdown Indicators

	WATL.L	SP5L.L	Difference
Max Drawdown Largest peak-to-trough decline	-47.32%	-25.47%	-21.85%
Max Drawdown (1Y) Largest decline over 1 year	-11.59%	-7.20%	-4.39%
Max Drawdown (3Y) Largest decline over 3 years	-13.45%	-21.12%	+7.67%
Max Drawdown (5Y) Largest decline over 5 years	-23.48%	-21.12%	-2.36%
Max Drawdown (10Y) Largest decline over 10 years	-28.96%	-25.47%	-3.49%
Current Drawdown Current decline from peak	-4.86%	-1.54%	-3.32%
Average Drawdown Average peak-to-trough decline	-8.61%	-5.16%	-3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.89%	2.04%	+2.85%

Volatility

WATL.L vs. SP5L.L - Volatility Comparison

Lyxor MSCI Water ESG Filtered (DR) UCITS ETF Dist (WATL.L) and Lyxor S&P 500 UCITS ETF - Acc (SP5L.L) have volatilities of 3.70% and 3.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WATL.L	SP5L.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	3.75%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	7.80%	+1.49%
Volatility (1Y) Calculated over the trailing 1-year period	11.56%	10.97%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	18.80%	-4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.92%	17.97%	-3.05%

WATL.L vs. SP5L.L - Expense Ratio Comparison

WATL.L has a 0.60% expense ratio, which is higher than SP5L.L's 0.07% expense ratio.

Dividends

WATL.L vs. SP5L.L - Dividend Comparison

WATL.L's dividend yield for the trailing twelve months is around 1.03%, while SP5L.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SP5L.L Lyxor S&P 500 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%
WATL.L Lyxor MSCI Water ESG Filtered (DR) UCITS ETF Dist	1.03%	1.08%	0.76%	0.85%	0.42%	0.63%	1.22%	1.59%	2.06%	1.60%	2.22%	2.45%

Frequently Asked Questions

Can I hold both WATL.L and SP5L.L in my portfolio?

WATL.L and SP5L.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WATL.L or SP5L.L?

On fees, SP5L.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, WATL.L or SP5L.L?

SP5L.L is cheaper with a 0.07% expense ratio, compared with 0.60% for WATL.L.

What is the main difference between WATL.L and SP5L.L?

WATL.L is categorized as Water Equities, while SP5L.L is S&P 500. WATL.L tracks S&P Global Water TR, while SP5L.L tracks S&P 500 Index. Their fees differ too: 0.60% for WATL.L and 0.07% for SP5L.L.