State Street® SPDR® S&P® 500 vs Amundi Core S&P 500 Swap
IE000XZSV718State StreetLU1135865084AmundiThe comparison in short
State Street® SPDR® S&P® 500 (State Street® SPDR® S&P® 500 UCITS ETF (Acc), IE000XZSV718) and Amundi Core S&P 500 Swap (Amundi Core S&P 500 Swap UCITS ETF Acc, LU1135865084) both track the S&P 500® index. State Street® SPDR® S&P® 500 has the lower total expense ratio (TER): 0.03% a year against 0.05% for Amundi Core S&P 500 Swap, 0.02 percentage points less, or about 2 a year on 10,000 invested. State Street® SPDR® S&P® 500 is the larger fund, with USD 44.5bn in assets against USD 19.4bn for Amundi Core S&P 500 Swap, about 2.3 times the size. State Street® SPDR® S&P® 500 reports 505 holdings and Amundi Core S&P 500 Swap 528. Amundi Core S&P 500 Swap replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured. In 2025, State Street® SPDR® S&P® 500 returned +17.6% and Amundi Core S&P 500 Swap +17.7%, a gap of 0.1 percentage points. Over the past year, State Street® SPDR® S&P® 500 returned +15.5% and Amundi Core S&P 500 Swap +15.7%. State Street® SPDR® S&P® 500 and Amundi Core S&P 500 Swap both reinvest their income (accumulating share classes). State Street® SPDR® S&P® 500 holds the index securities directly (physical replication), while Amundi Core S&P 500 Swap replicates its index through a swap (synthetic). State Street® SPDR® S&P® 500 is domiciled in Ireland and Amundi Core S&P 500 Swap in Luxembourg. State Street® SPDR® S&P® 500 and Amundi Core S&P 500 Swap 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 | State Street® SPDR® S&P® 500 | Amundi Core S&P 500 Swap |
|---|---|---|
| ISIN | IE000XZSV718 | LU1135865084 |
| Fund house | State Street | Amundi |
| Total expense ratio (TER) | 0.03% | 0.05% |
| Ongoing charges (KID) | 0.03% | 0.05% |
| Fund size | USD 44.5bn | USD 19.4bn |
| Launch date | October 31, 2023 | December 9, 2014 |
| Replication | Physical | Synthetic (swap) |
| Domicile | Ireland | Luxembourg |
| Distribution policy | Accumulating | Accumulating |
| Share class currency | USD | USD |
| Number of holdings | 505 | 528 |
| Risk indicator (SRRI) | 4 / 7 | 4 / 7 |
| SFDR classification | — | Article 6 |
| Benchmark | S&P 500® Index | S&P 500 Net Total Return Index |
Performance
Calendar-year returns
| Year | State Street® SPDR® S&P® 500 | Amundi Core S&P 500 Swap | Difference |
|---|---|---|---|
| 2025 | +17.6% | +17.7% | −0.1 |
| 2024 | +24.7% | +24.9% | −0.2 |
Annualised returns
| Period | State Street® SPDR® S&P® 500 | Amundi Core S&P 500 Swap | Difference |
|---|---|---|---|
| 1 year | +15.5% | +15.7% | −0.2 |
Holdings
Amundi Core S&P 500 Swap replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.
Top 10 holdings of State Street® SPDR® S&P® 500
| # | Holding | Weight |
|---|---|---|
| 1 | NVIDIA Corporation | 7.78% |
| 2 | Apple Inc. | 7.70% |
| 3 | Microsoft Corporation | 5.86% |
| 4 | Amazon.com Inc. | 3.72% |
| 5 | Alphabet Inc. Class A | 2.88% |
| 6 | Broadcom Inc. | 2.33% |
| 7 | Alphabet Inc. Class C | 2.31% |
| 8 | Meta Platforms Inc Class A | 2.17% |
| 9 | Tesla Inc. | 1.60% |
| 10 | Eli Lilly and Company | 1.58% |
Top 10 holdings of Amundi Core S&P 500 Swap
Amundi Core S&P 500 Swap 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 | APPLE INC | 6.86% |
| 2 | MICROSOFT CORP | 6.42% |
| 3 | AMAZON.COM INC | 6.38% |
| 4 | NVIDIA CORP | 5.75% |
| 5 | ALPHABET INC CL A | 4.53% |
| 6 | ALPHABET INC CL C | 3.07% |
| 7 | META PLATFORMS INC-CLASS A | 2.85% |
| 8 | MICRON TECHNOLOGY INC | 2.70% |
| 9 | TESLA INC | 2.56% |
| 10 | BROADCOM INC | 2.52% |
Sectors and countries
Largest sectors of State Street® SPDR® S&P® 500
- 37.6%
- 12.1%
- 10.0%
- 9.2%
- 9.0%
- 8.0%
Largest sectors of Amundi Core S&P 500 Swap
- 37.9%
- 11.8%
- 9.8%
- 9.6%
- 9.0%
- 8.0%
Largest countries of State Street® SPDR® S&P® 500
- 100.0%
Largest countries of Amundi Core S&P 500 Swap
- 100.0%
Frequently asked questions
What is the difference between State Street® SPDR® S&P® 500 and Amundi Core S&P 500 Swap?
State Street® SPDR® S&P® 500 (State Street® SPDR® S&P® 500 UCITS ETF (Acc), IE000XZSV718) and Amundi Core S&P 500 Swap (Amundi Core S&P 500 Swap UCITS ETF Acc, LU1135865084) both track the S&P 500® index. State Street® SPDR® S&P® 500 has the lower total expense ratio (TER): 0.03% a year against 0.05% for Amundi Core S&P 500 Swap, 0.02 percentage points less, or about 2 a year on 10,000 invested. State Street® SPDR® S&P® 500 and Amundi Core S&P 500 Swap both reinvest their income (accumulating share classes). State Street® SPDR® S&P® 500 holds the index securities directly (physical replication), while Amundi Core S&P 500 Swap replicates its index through a swap (synthetic). State Street® SPDR® S&P® 500 is domiciled in Ireland and Amundi Core S&P 500 Swap in Luxembourg. This is a factual comparison from the fund houses' documents, not investment advice.Which is cheaper, State Street® SPDR® S&P® 500 or Amundi Core S&P 500 Swap?
State Street® SPDR® S&P® 500 has the lower total expense ratio (TER): 0.03% a year against 0.05% for Amundi Core S&P 500 Swap, 0.02 percentage points less, or about 2 a year on 10,000 invested. Their key information documents state ongoing charges of 0.03% for State Street® SPDR® S&P® 500 and 0.05% for Amundi Core S&P 500 Swap.Which is bigger, State Street® SPDR® S&P® 500 or Amundi Core S&P 500 Swap?
State Street® SPDR® S&P® 500 is the larger fund, with USD 44.5bn in assets against USD 19.4bn for Amundi Core S&P 500 Swap, about 2.3 times the size.Do State Street® SPDR® S&P® 500 and Amundi Core S&P 500 Swap hold the same companies?
Amundi Core S&P 500 Swap replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.How did State Street® SPDR® S&P® 500 and Amundi Core S&P 500 Swap perform in 2025?
In 2025, State Street® SPDR® S&P® 500 returned +17.6% and Amundi Core S&P 500 Swap +17.7%, a gap of 0.1 percentage points. Over the past year, State Street® SPDR® S&P® 500 returned +15.5% and Amundi Core S&P 500 Swap +15.7%. Past performance does not predict future returns.Are State Street® SPDR® S&P® 500 and Amundi Core S&P 500 Swap accumulating or distributing?
State Street® SPDR® S&P® 500 is accumulating: it reinvests its income in the fund. Amundi Core S&P 500 Swap is accumulating: it reinvests its income in the fund.Go further
- State Street® SPDR® S&P® 500 (State Street® SPDR® S&P® 500 UCITS ETF (Acc)): full fund page
- Amundi Core S&P 500 Swap (Amundi Core S&P 500 Swap UCITS ETF Acc): full fund page
- All funds tracking S&P 500®
- Compare the largest holdings of State Street® SPDR® S&P® 500 and Amundi Core S&P 500 Swap in the overlap checker
- All ETF comparisons
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