ETF comparisonFigures as of September 30, 2026 (L8IP) · October 2, 2026 (JREU)
L8IP vs JREU
Amundi PEA S&P 500 UCITS ETF Acc
FR0011871128AmundiJPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc)
IE00BF4G7076J.P. Morgan Asset ManagementThe comparison in short
L8IP (Amundi PEA S&P 500 UCITS ETF Acc, FR0011871128) and JREU (JPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc), IE00BF4G7076) both track the S&P 500 index. L8IP has the lower total expense ratio (TER): 0.12% a year against 0.20% for JREU, 0.08 percentage points less, or about 8 a year on 10,000 invested. JREU is the larger fund, with USD 15.8bn in assets against EUR 1.5bn for L8IP. L8IP reports 62 holdings and JREU 259. 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 JREU +16.5%, a gap of 13.1 percentage points. Over 5 years, L8IP returned +13.8% a year and JREU +12.4% a year. Returns are in each share class's currency (EUR and USD), so part of the gap reflects exchange rates. L8IP and JREU both reinvest their income (accumulating share classes). L8IP is domiciled in France and JREU in Ireland. L8IP and JREU 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
| Figure | L8IP | JREU |
|---|---|---|
| ISIN | FR0011871128 | IE00BF4G7076 |
| Exchange tickers | L8IP, PSP5 | JREU, JURE |
| Fund house | Amundi | J.P. Morgan Asset Management |
| Total expense ratio (TER) | 0.12% | 0.2% |
| Ongoing charges (KID) | 0.12% | 0.2% |
| Fund size | EUR 1.5bn | USD 15.8bn |
| Launch date | May 20, 2014 | October 10, 2018 |
| Replication | Synthetic (swap) | — |
| Domicile | France | Ireland |
| Distribution policy | Accumulating | Accumulating |
| Share class currency | EUR | USD |
| Number of holdings | 62 | 259 |
| Risk indicator (SRRI) | 4 / 7 | 4 / 7 |
| SFDR classification | — | Article 8 |
| Benchmark | S&P 500 Net Total Return Index | Standard & Poor's (S&P) 500 Index (Total Return Net) |
Performance
Calendar-year returns
| Year | L8IP | JREU | Difference |
|---|---|---|---|
| 2025 | +3.4% | +16.5% | −13.1 |
| 2024 | +32.8% | +24.5% | +8.3 |
| 2023 | +21.7% | +27.6% | −5.9 |
| 2022 | −13.0% | −18.8% | +5.8 |
| 2021 | +38.2% | +29.9% | +8.3 |
| 2020 | +8.6% | +19.9% | −11.3 |
Annualised returns
| Period | L8IP | JREU | Difference |
|---|---|---|---|
| 1 year | +19.2% | +19.3% | −0.1 |
| 3 years | +19.6% | +20.1% | −0.5 |
| 5 years | +13.8% | +12.4% | +1.4 |
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.| # | Holding | Weight |
|---|---|---|
| 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 JREU
| # | Holding | Weight |
|---|---|---|
| 1 | NVIDIA CORP | 8.94% |
| 2 | APPLE INC | 7.10% |
| 3 | MICROSOFT CORP | 6.29% |
| 4 | AMAZON.COM INC | 4.07% |
| 5 | ALPHABET INC-CL A | 3.08% |
| 6 | BROADCOM INC | 2.64% |
| 7 | META PLATFORMS INC-CLASS A | 2.53% |
| 8 | ALPHABET INC-CL C | 2.41% |
| 9 | MICRON TECHNOLOGY INC | 1.96% |
| 10 | ADVANCED MICRO DEVICES | 1.55% |
Sectors and countries
Largest sectors of L8IP
- 39.7%
- 11.4%
- 10.0%
- 9.3%
- 8.6%
- 8.1%
Largest sectors of JREU
- 28.0%
- 14.4%
- 9.4%
- 9.1%
- 7.5%
- 5.5%
Largest countries of L8IP
- 100.0%
Largest countries of JREU
- 95.9%
- 3.2%
- 0.4%
- 0.3%
- 0.1%
Frequently asked questions
What is the difference between L8IP and JREU?
L8IP (Amundi PEA S&P 500 UCITS ETF Acc, FR0011871128) and JREU (JPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc), IE00BF4G7076) both track the S&P 500 index. L8IP has the lower total expense ratio (TER): 0.12% a year against 0.20% for JREU, 0.08 percentage points less, or about 8 a year on 10,000 invested. L8IP and JREU both reinvest their income (accumulating share classes). L8IP is domiciled in France and JREU in Ireland. The share class of L8IP is in EUR, that of JREU in USD. This is a factual comparison from the fund houses' documents, not investment advice.Which is cheaper, L8IP or JREU?
L8IP has the lower total expense ratio (TER): 0.12% a year against 0.20% for JREU, 0.08 percentage points less, or about 8 a year on 10,000 invested. Their key information documents state ongoing charges of 0.12% for L8IP and 0.20% for JREU.Which is bigger, L8IP or JREU?
JREU is the larger fund, with USD 15.8bn in assets against EUR 1.5bn for L8IP.Do L8IP and JREU 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 JREU perform in 2025?
In 2025, L8IP returned +3.4% and JREU +16.5%, a gap of 13.1 percentage points. Over 5 years, L8IP returned +13.8% a year and JREU +12.4% a year. Over the past year, L8IP returned +19.2% and JREU +19.3%. 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 JREU accumulating or distributing?
L8IP is accumulating: it reinvests its income in the fund. JREU is accumulating: it reinvests its income in the fund.Go further
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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.