Which is the cheapest S&P 500 ETF?
Of these three, SPYL, with a 0.03% TER. Total cost also depends on tracking difference and broker fees.
CSPX vs VUAA vs SPYL: three ETFs for the same S&P 500
All three physically track the S&P 500, are accumulating and are domiciled in Ireland. The issuer, annual cost, fund size and age differ. CSPX is also the same fund as SXR8, the S&P 500 ETF in the LearnAImarkets model.
Data side by side
| Data side by side | CSPX | VUAA | SPYL |
|---|---|---|---|
| ISIN | IE00B5BMR087 | IE00BFMXXD54 | IE000XZSV718 |
| Issuer | iShares | Vanguard | SPDR (State Street) |
| Index | S&P 500 | S&P 500 | S&P 500 |
| Dividends | Accumulating (reinvests) | Accumulating (reinvests) | Accumulating (reinvests) |
| Ongoing charges (TER) | 0.07% | 0.07% | 0.03% |
| Replication | Physical, full | Physical, full | Physical, full |
| Number of holdings | 503 | 503 | 504 |
| Domicile | Ireland | Ireland | Ireland |
| Launch date | 19 May 2010 | 14 May 2019 | 31 October 2023 |
| Fund base currency | USD | USD | USD |
| Listing used on this page | CSSPX.MI (EUR) | VUAA.MI (EUR) | SPYL.DE (EUR) |
Market data compared
| Market data compared | CSPX | VUAA | SPYL |
|---|---|---|---|
| 1-year return | 19.1% | 19.1% | 19.1% |
| 2-year return | 29.5% | 29.5% | 29.4% |
| Annualised volatility | 15.4% | 15.4% | 15.4% |
| Maximum drawdown (2 years) | -23.3% | -23.3% | -23.3% |
- Correlation of daily returns CSPX–VUAA: 1.00
- Correlation of daily returns CSPX–SPYL: 1.00
- Correlation of daily returns VUAA–SPYL: 1.00
Daily closes from Yahoo Finance in euros (CSSPX.MI, VUAA.MI, SPYL.DE), data as of 23 October 2026. Past performance does not guarantee future results.
Two-year performance (base 100, in euros)
On TER, SPYL (0.03%) is the cheapest and CSPX and VUAA tie (0.07%). CSPX leads on size and liquidity. SPYL is the newest, from 2023. Because they track the same index, their correlation is practically 1 and return differences are a few tenths a year, explained mostly by costs and dividend handling.
Frequently asked questions
Do their returns differ?
Very little: they track the same index. Annual differences are usually a few tenths, due to costs, dividend withholding inside the fund and securities lending.
Which one does the LearnAImarkets model use?
SXR8, which is the same fund as CSPX on another exchange.