ETF comparison

SPXS vs JREU

Invesco S&P 500 UCITS ETF Acc
IE00B3YCGJ38Invesco
JPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc)
IE00BF4G7076J.P. Morgan Asset Management
Figures as of October 1, 2026 (SPXS) · October 2, 2026 (JREU)

The comparison in short

SPXS (Invesco S&P 500 UCITS ETF Acc, IE00B3YCGJ38) and JREU (JPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc), IE00BF4G7076) both track the S&P 500 index. SPXS has the lower total expense ratio (TER): 0.05% a year against 0.20% for JREU, 0.15 percentage points less, or about 15 a year on 10,000 invested. SPXS is the larger fund, with USD 58,979m in assets against USD 15.8bn for JREU, about 3.7 times the size. SPXS replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured. In 2025, SPXS returned +17.8% and JREU +16.5%, a gap of 1.3 percentage points. Over 5 years, SPXS returned +13.5% a year and JREU +12.4% a year. SPXS and JREU both reinvest their income (accumulating share classes). Both are domiciled in Ireland. SPXS 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

FigureSPXSJREU
ISINIE00B3YCGJ38IE00BF4G7076
Exchange tickersSPXS, P500, SPXPJREU, JURE
Fund houseInvescoJ.P. Morgan Asset Management
Total expense ratio (TER)0.05%0.2%
Ongoing charges (KID)0.05%0.2%
Fund sizeUSD 58,979mUSD 15.8bn
Launch dateMay 20, 2010October 10, 2018
ReplicationSynthetic (swap)—
DomicileIrelandIreland
Distribution policyAccumulatingAccumulating
Share class currencyUSDUSD
Number of holdings—259
Risk indicator (SRRI)4 / 74 / 7
SFDR classificationArticle 6Article 8
BenchmarkS&P 500 IndexStandard & Poor's (S&P) 500 Index (Total Return Net)

Performance

Calendar-year returns

YearSPXSJREUDifference
2025+17.8%+16.5%+1.3
2024+24.9%+24.5%+0.4
2023+26.2%+27.6%−1.4
2022−18.2%−18.8%+0.6
2021+28.6%+29.9%−1.3
2020+18.3%+19.9%−1.6

Annualised returns

PeriodSPXSJREUDifference
1 year+15.4%+19.3%−3.9
3 years+22.8%+20.1%+2.7
5 years+13.5%+12.4%+1.1
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

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 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%

Top 10 holdings of JREU

#HoldingWeight
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%
Compare every published holding of SPXS and JREU in the overlap checker

Sectors and countries

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 sectors of JREU

  1. Hardware & Semiconductors28.0%
  2. Media14.4%
  3. Software & Services9.4%
  4. Industrial Cyclicals9.1%
  5. Pharm/MedTech7.5%
  6. Banks & Brokers5.5%
+ 12 more

Largest countries of SPXS

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

Largest countries of JREU

  1. United States95.9%
  2. Ireland3.2%
  3. Netherlands0.4%
  4. Switzerland0.3%
  5. Jersey0.1%

Frequently asked questions

What is the difference between SPXS and JREU?

SPXS (Invesco S&P 500 UCITS ETF Acc, IE00B3YCGJ38) and JREU (JPM US Research Enhanced Index Equity Active UCITS ETF - USD (acc), IE00BF4G7076) both track the S&P 500 index. SPXS has the lower total expense ratio (TER): 0.05% a year against 0.20% for JREU, 0.15 percentage points less, or about 15 a year on 10,000 invested. SPXS and JREU both reinvest their income (accumulating share classes). Both are domiciled in Ireland. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, SPXS or JREU?

SPXS has the lower total expense ratio (TER): 0.05% a year against 0.20% for JREU, 0.15 percentage points less, or about 15 a year on 10,000 invested. Their key information documents state ongoing charges of 0.05% for SPXS and 0.20% for JREU.

Which is bigger, SPXS or JREU?

SPXS is the larger fund, with USD 58,979m in assets against USD 15.8bn for JREU, about 3.7 times the size.

Do SPXS and JREU hold the same companies?

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

How did SPXS and JREU perform in 2025?

In 2025, SPXS returned +17.8% and JREU +16.5%, a gap of 1.3 percentage points. Over 5 years, SPXS returned +13.5% a year and JREU +12.4% a year. Over the past year, SPXS returned +15.4% and JREU +19.3%. Past performance does not predict future returns.

Are SPXS and JREU accumulating or distributing?

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