ETF comparison

L8IP vs SPXS

Amundi PEA S&P 500 UCITS ETF Acc
FR0011871128Amundi
Invesco S&P 500 UCITS ETF Acc
IE00B3YCGJ38Invesco
Figures as of September 30, 2026 (L8IP) · October 1, 2026 (SPXS)

The comparison in short

L8IP (Amundi PEA S&P 500 UCITS ETF Acc, FR0011871128) and SPXS (Invesco S&P 500 UCITS ETF Acc, IE00B3YCGJ38) both track the S&P 500 index. SPXS has the lower total expense ratio (TER): 0.05% a year against 0.12% for L8IP, 0.07 percentage points less, or about 7 a year on 10,000 invested. SPXS is the larger fund, with USD 58,979m in assets against EUR 1.5bn for L8IP. L8IP / SPXS 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 SPXS +17.8%, a gap of 14.4 percentage points. Over 10 years, L8IP returned +14.9% a year and SPXS +15.2% a year. Returns are in each share class's currency (EUR and USD), so part of the gap reflects exchange rates. L8IP and SPXS both reinvest their income (accumulating share classes). L8IP and SPXS both replicate their index through a swap (synthetic replication). L8IP is domiciled in France and SPXS in Ireland. L8IP and SPXS 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

FigureL8IPSPXS
ISINFR0011871128IE00B3YCGJ38
Exchange tickersL8IP, PSP5SPXS, P500, SPXP
Fund houseAmundiInvesco
Total expense ratio (TER)0.12%0.05%
Ongoing charges (KID)0.12%0.05%
Fund sizeEUR 1.5bnUSD 58,979m
Launch dateMay 20, 2014May 20, 2010
ReplicationSynthetic (swap)Synthetic (swap)
DomicileFranceIreland
Distribution policyAccumulatingAccumulating
Share class currencyEURUSD
Number of holdings62—
Risk indicator (SRRI)4 / 74 / 7
SFDR classification—Article 6
BenchmarkS&P 500 Net Total Return IndexS&P 500 Index

Performance

Calendar-year returns

YearL8IPSPXSDifference
2025+3.4%+17.8%−14.4
2024+32.8%+24.9%+7.9
2023+21.7%+26.2%−4.5
2022−13.0%−18.2%+5.2
2021+38.2%+28.6%+9.6
2020+8.6%+18.3%−9.7

Annualised returns

PeriodL8IPSPXSDifference
1 year+19.2%+15.4%+3.8
3 years+19.6%+22.8%−3.2
5 years+13.8%+13.5%+0.3
10 years+14.9%+15.2%−0.3
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 / SPXS 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 SPXS

SPXS 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
NVIDIA ORD
8.10%
2
APPLE ORD
7.00%
3
MICROSOFT ORD
5.70%
4
AMAZON COM ORD
3.80%
5
ALPHABET CL A ORD
3.00%
6
BROADCOM ORD
2.70%
7
ALPHABET CL C ORD
2.40%
8
META PLATFORMS CL A ORD
1.90%
9
MICRON TECHNOLOGY ORD
1.60%
10
TESLA ORD
1.60%
Compare every published holding of L8IP and SPXS 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 SPXS

  1. Information technology36.7%
  2. Financials12.5%
  3. Communication services9.7%
  4. Consumer discretionary9.4%
  5. Health care9.1%
  6. Industrials8.8%
+ 4 more

Largest countries of L8IP

  1. United States100.0%

Largest countries of SPXS

  1. United States99.8%
  2. Switzerland0.1%
  3. Netherlands0.1%

Frequently asked questions

What is the difference between L8IP and SPXS?

L8IP (Amundi PEA S&P 500 UCITS ETF Acc, FR0011871128) and SPXS (Invesco S&P 500 UCITS ETF Acc, IE00B3YCGJ38) both track the S&P 500 index. SPXS has the lower total expense ratio (TER): 0.05% a year against 0.12% for L8IP, 0.07 percentage points less, or about 7 a year on 10,000 invested. L8IP and SPXS both reinvest their income (accumulating share classes). L8IP and SPXS both replicate their index through a swap (synthetic replication). L8IP is domiciled in France and SPXS in Ireland. The share class of L8IP is in EUR, that of SPXS in USD. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, L8IP or SPXS?

SPXS has the lower total expense ratio (TER): 0.05% a year against 0.12% for L8IP, 0.07 percentage points less, or about 7 a year on 10,000 invested. Their key information documents state ongoing charges of 0.12% for L8IP and 0.05% for SPXS.

Which is bigger, L8IP or SPXS?

SPXS is the larger fund, with USD 58,979m in assets against EUR 1.5bn for L8IP.

Do L8IP and SPXS hold the same companies?

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

How did L8IP and SPXS perform in 2025?

In 2025, L8IP returned +3.4% and SPXS +17.8%, a gap of 14.4 percentage points. Over 10 years, L8IP returned +14.9% a year and SPXS +15.2% a year. Over the past year, L8IP returned +19.2% and SPXS +15.4%. 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 SPXS accumulating or distributing?

L8IP is accumulating: it reinvests its income in the fund. SPXS is accumulating: it reinvests its income in the fund.

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.