ETF comparison

L8IP vs SPY5

Amundi PEA S&P 500 UCITS ETF Acc
FR0011871128Amundi
State Street® SPDR® S&P® 500 UCITS ETF (Dist)
IE00B6YX5C33State Street
Figures as of September 30, 2026 (L8IP) · October 2, 2026 (SPY5)

The comparison in short

L8IP (Amundi PEA S&P 500 UCITS ETF Acc, FR0011871128) and SPY5 (State Street® SPDR® S&P® 500 UCITS ETF (Dist), IE00B6YX5C33) both track the S&P 500 index. SPY5 has the lower total expense ratio (TER): 0.03% a year against 0.12% for L8IP, 0.09 percentage points less, or about 9 a year on 10,000 invested. SPY5 is the larger fund, with USD 44.4bn in assets against EUR 1.5bn for L8IP. L8IP reports 62 holdings and SPY5 505. 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 SPY5 +17.6%, a gap of 14.2 percentage points. Over 10 years, L8IP returned +14.9% a year and SPY5 +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 SPY5 pays it out (distributing). SPY5 holds the index securities directly (physical replication), while L8IP replicates its index through a swap (synthetic). L8IP is domiciled in France and SPY5 in Ireland. L8IP and SPY5 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

FigureL8IPSPY5
ISINFR0011871128IE00B6YX5C33
Exchange tickersL8IP, PSP5SPY5, SPX5
Fund houseAmundiState Street
Total expense ratio (TER)0.12%0.03%
Ongoing charges (KID)0.12%0.03%
Fund sizeEUR 1.5bnUSD 44.4bn
Launch dateMay 20, 2014March 19, 2012
ReplicationSynthetic (swap)Physical
DomicileFranceIreland
Distribution policyAccumulatingDistributing
Share class currencyEURUSD
Number of holdings62505
Risk indicator (SRRI)4 / 74 / 7
BenchmarkS&P 500 Net Total Return IndexS&P 500® Index

Performance

Calendar-year returns

YearL8IPSPY5Difference
2025+3.4%+17.6%−14.2
2024+32.8%+24.7%+8.1
2023+21.7%+25.9%−4.2
2022−13.0%−18.4%+5.4
2021+38.2%+28.3%+9.9

Annualised returns

PeriodL8IPSPY5Difference
1 year+19.2%+20.1%−0.9
3 years+19.6%+20.7%−1.1
5 years+13.8%+12.5%+1.3
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 SPY5

#HoldingWeight
1
NVIDIA Corporation
8.46%
2
Apple Inc.
7.30%
3
Microsoft Corporation
5.76%
4
Amazon.com Inc.
3.69%
5
Alphabet Inc. Class A
3.00%
6
Broadcom Inc.
2.47%
7
Meta Platforms Inc Class A
2.42%
8
Alphabet Inc. Class C
2.41%
9
Micron Technology Inc.
1.88%
10
Advanced Micro Devices Inc.
1.52%
Compare every published holding of L8IP and SPY5 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 SPY5

  1. Information Technology39.9%
  2. Financials11.4%
  3. Communication Services9.8%
  4. Health Care9.1%
  5. Consumer Discretionary8.6%
  6. Industrials8.1%
+ 5 more

Largest countries of L8IP

  1. United States100.0%

Largest countries of SPY5

  1. United States100.0%

Frequently asked questions

What is the difference between L8IP and SPY5?

L8IP (Amundi PEA S&P 500 UCITS ETF Acc, FR0011871128) and SPY5 (State Street® SPDR® S&P® 500 UCITS ETF (Dist), IE00B6YX5C33) both track the S&P 500 index. SPY5 has the lower total expense ratio (TER): 0.03% a year against 0.12% for L8IP, 0.09 percentage points less, or about 9 a year on 10,000 invested. L8IP reinvests its income (accumulating), while SPY5 pays it out (distributing). SPY5 holds the index securities directly (physical replication), while L8IP replicates its index through a swap (synthetic). L8IP is domiciled in France and SPY5 in Ireland. The share class of L8IP is in EUR, that of SPY5 in USD. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, L8IP or SPY5?

SPY5 has the lower total expense ratio (TER): 0.03% a year against 0.12% for L8IP, 0.09 percentage points less, or about 9 a year on 10,000 invested. Their key information documents state ongoing charges of 0.12% for L8IP and 0.03% for SPY5.

Which is bigger, L8IP or SPY5?

SPY5 is the larger fund, with USD 44.4bn in assets against EUR 1.5bn for L8IP.

Do L8IP and SPY5 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 SPY5 perform in 2025?

In 2025, L8IP returned +3.4% and SPY5 +17.6%, a gap of 14.2 percentage points. Over 10 years, L8IP returned +14.9% a year and SPY5 +15.0% a year. Over the past year, L8IP returned +19.2% and SPY5 +20.1%. 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 SPY5 accumulating or distributing?

L8IP is accumulating: it reinvests its income in the fund. SPY5 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.