ETF comparison

L8IP vs VUAA

Amundi PEA S&P 500 UCITS ETF Acc
FR0011871128Amundi
Vanguard S&P 500 UCITS ETF (USD) Accumulating
IE00BFMXXD54Vanguard
Figures as of September 30, 2026 (L8IP) · September 30, 2026 (VUAA)

The comparison in short

L8IP (Amundi PEA S&P 500 UCITS ETF Acc, FR0011871128) and VUAA (Vanguard S&P 500 UCITS ETF (USD) Accumulating, IE00BFMXXD54) both track the S&P 500 index. VUAA 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. VUAA is the larger fund, with USD 89,226m in assets against EUR 1.5bn for L8IP. L8IP reports 62 holdings and VUAA 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 VUAA +17.6%, a gap of 14.2 percentage points. Over 5 years, L8IP returned +13.8% a year and VUAA +13.5% a year. Returns are in each share class's currency (EUR and USD), so part of the gap reflects exchange rates. L8IP and VUAA both reinvest their income (accumulating share classes). VUAA holds the index securities directly (physical replication), while L8IP replicates its index through a swap (synthetic). L8IP is domiciled in France and VUAA in Ireland. L8IP and VUAA 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

FigureL8IPVUAA
ISINFR0011871128IE00BFMXXD54
Exchange tickersL8IP, PSP5VUAA, VUAG
Fund houseAmundiVanguard
Total expense ratio (TER)0.12%0.07%
Ongoing charges (KID)0.12%0.07%
Fund sizeEUR 1.5bnUSD 89,226m
Launch dateMay 20, 2014May 14, 2019
ReplicationSynthetic (swap)Physical
DomicileFranceIreland
Distribution policyAccumulatingAccumulating
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

YearL8IPVUAADifference
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

PeriodL8IPVUAADifference
1 year+19.2%+15.5%+3.7
3 years+19.6%+22.6%−3.0
5 years+13.8%+13.5%+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 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 VUAA

#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 VUAA 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 VUAA

  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 VUAA

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

Frequently asked questions

What is the difference between L8IP and VUAA?

L8IP (Amundi PEA S&P 500 UCITS ETF Acc, FR0011871128) and VUAA (Vanguard S&P 500 UCITS ETF (USD) Accumulating, IE00BFMXXD54) both track the S&P 500 index. VUAA 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 and VUAA both reinvest their income (accumulating share classes). VUAA holds the index securities directly (physical replication), while L8IP replicates its index through a swap (synthetic). L8IP is domiciled in France and VUAA in Ireland. The share class of L8IP is in EUR, that of VUAA in USD. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, L8IP or VUAA?

VUAA 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 VUAA.

Which is bigger, L8IP or VUAA?

VUAA is the larger fund, with USD 89,226m in assets against EUR 1.5bn for L8IP.

Do L8IP and VUAA 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 VUAA perform in 2025?

In 2025, L8IP returned +3.4% and VUAA +17.6%, a gap of 14.2 percentage points. Over 5 years, L8IP returned +13.8% a year and VUAA +13.5% a year. Over the past year, L8IP returned +19.2% and VUAA +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 VUAA accumulating or distributing?

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