ETF comparison

L8IP vs VUSA

Amundi PEA S&P 500 UCITS ETF Acc
FR0011871128Amundi
Vanguard S&P 500 UCITS ETF (USD) Distributing
IE00B3XXRP09Vanguard
Figures as of September 30, 2026 (L8IP) · September 30, 2026 (VUSA)

The comparison in short

L8IP (Amundi PEA S&P 500 UCITS ETF Acc, FR0011871128) and VUSA (Vanguard S&P 500 UCITS ETF (USD) Distributing, IE00B3XXRP09) both track the S&P 500 index. VUSA has the lower total expense ratio (TER): 0.07% a year against 0.12% for L8IP, 0.05 percentage points less, or about 5 a year on 10,000 invested. VUSA is the larger fund, with USD 88.97bn in assets against EUR 1.5bn for L8IP. L8IP reports 62 holdings and VUSA 512. L8IP replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured. In 2025, L8IP returned +3.4% and VUSA +17.6%, a gap of 14.2 percentage points. Over 10 years, L8IP returned +14.9% a year and VUSA +15.0% a year. Returns are in each share class's currency (EUR and USD), so part of the gap reflects exchange rates. L8IP reinvests its income (accumulating), while VUSA pays it out (distributing). VUSA holds the index securities directly (physical replication), while L8IP replicates its index through a swap (synthetic). L8IP is domiciled in France and VUSA in Ireland. L8IP and VUSA both carry a risk indicator (SRRI) of 4 on the 1–7 scale. This is a factual comparison from the fund houses' documents, not investment advice.

Side by side

FigureL8IPVUSA
ISINFR0011871128IE00B3XXRP09
Exchange tickersL8IP, PSP5VUSA, VUSD
Fund houseAmundiVanguard
Total expense ratio (TER)0.12%0.07%
Ongoing charges (KID)0.12%0.07%
Fund sizeEUR 1.5bnUSD 88.97bn
Launch dateMay 20, 2014May 22, 2012
ReplicationSynthetic (swap)Physical
DomicileFranceIreland
Distribution policyAccumulatingDistributing
Share class currencyEURUSD
Number of holdings62512
Risk indicator (SRRI)4 / 74 / 7
BenchmarkS&P 500 Net Total Return IndexS&P 500 Net Total Return

Performance

Calendar-year returns

YearL8IPVUSADifference
2025+3.4%+17.6%−14.2
2024+32.8%+24.7%+8.1
2023+21.7%+25.9%−4.2
2022−13.0%−18.3%+5.3
2021+38.2%+28.4%+9.8
2020+8.6%+18.0%−9.4

Annualised returns

PeriodL8IPVUSADifference
1 year+19.2%+15.5%+3.7
3 years+19.6%+22.6%−3.0
5 years+13.8%+13.5%+0.3
10 years+14.9%+15.0%−0.1
Returns as published by each fund house, in each share class's currency and net of the fund's charges. The difference is in percentage points. Past performance does not predict future returns.

Holdings

L8IP replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.

Top 10 holdings of L8IP

L8IP replicates its index through a swap: the securities it publishes are the collateral basket behind the swap, not the index, so they are not compared.
#HoldingWeight
1
RWE AG
8.91%
2
SIEMENS ENERGY AG
8.33%
3
ASML HOLDING NV
6.30%
4
INFINEON TECHNOLOGIES AG
4.59%
5
EURONEXT NV PARIS
4.49%
6
BAYER AG-REG
4.17%
7
ING GROEP NV
3.98%
8
DEUTSCHE TELEKOM NAMEN (XETRA)
3.88%
9
TE CONNECTIVITY PLC
3.79%
10
ACCENTURE PLC -A
3.55%

Top 10 holdings of VUSA

#HoldingWeight
1
NVIDIA Corp.
8.10%
2
Apple Inc.
7.00%
3
Microsoft Corp.
5.70%
4
Alphabet Inc.
5.40%
5
Amazon.com Inc.
3.80%
6
Broadcom Inc.
2.70%
7
Meta Platforms Inc.
1.90%
8
Micron Technology Inc.
1.60%
9
Tesla Inc.
1.60%
10
JPMorgan Chase & Co.
1.40%
Compare every published holding of L8IP and VUSA in the overlap checker

Sectors and countries

Largest sectors of L8IP

  1. Information Technology39.7%
  2. Financials11.4%
  3. Communication Services10.0%
  4. Health Care9.3%
  5. Consumer Discretionary8.6%
  6. Industrials8.1%
+ 4 more

Largest sectors of VUSA

  1. Information Technology37.9%
  2. Financials12.3%
  3. Communication Services9.5%
  4. Health Care9.3%
  5. Consumer Discretionary9.1%
  6. Industrials8.3%
+ 4 more

Largest countries of L8IP

  1. United States100.0%

Largest countries of VUSA

  1. United States99.9%
  2. United Kingdom0.1%

Frequently asked questions

What is the difference between L8IP and VUSA?

L8IP (Amundi PEA S&P 500 UCITS ETF Acc, FR0011871128) and VUSA (Vanguard S&P 500 UCITS ETF (USD) Distributing, IE00B3XXRP09) both track the S&P 500 index. VUSA has the lower total expense ratio (TER): 0.07% a year against 0.12% for L8IP, 0.05 percentage points less, or about 5 a year on 10,000 invested. L8IP reinvests its income (accumulating), while VUSA pays it out (distributing). VUSA holds the index securities directly (physical replication), while L8IP replicates its index through a swap (synthetic). L8IP is domiciled in France and VUSA in Ireland. The share class of L8IP is in EUR, that of VUSA in USD. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, L8IP or VUSA?

VUSA has the lower total expense ratio (TER): 0.07% a year against 0.12% for L8IP, 0.05 percentage points less, or about 5 a year on 10,000 invested. Their key information documents state ongoing charges of 0.12% for L8IP and 0.07% for VUSA.

Which is bigger, L8IP or VUSA?

VUSA is the larger fund, with USD 88.97bn in assets against EUR 1.5bn for L8IP.

Do L8IP and VUSA hold the same companies?

L8IP replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.

How did L8IP and VUSA perform in 2025?

In 2025, L8IP returned +3.4% and VUSA +17.6%, a gap of 14.2 percentage points. Over 10 years, L8IP returned +14.9% a year and VUSA +15.0% a year. Over the past year, L8IP returned +19.2% and VUSA +15.5%. Returns are in each share class's currency (EUR and USD), so part of the gap reflects exchange rates. Past performance does not predict future returns.

Are L8IP and VUSA accumulating or distributing?

L8IP is accumulating: it reinvests its income in the fund. VUSA is distributing: it pays its income out to investors.

Go further

Other comparisons

Figures are read from the documents each fund house publishes (product page, factsheet, key information document, holdings file) and refreshed weekly. Names and tickers identify the products; FundFacts API is independent of every fund house and index provider. This comparison is factual information, not investment advice or a recommendation to buy or sell either fund.