Why is SPYL so cheap?
SPDR set a 0.03% TER to compete with the large S&P 500 ETFs. The real cost also depends on the tracking difference, which shows over time.
SPYL: SPDR S&P 500 UCITS ETF (Accumulating)
SPYL is SPDR's (State Street) accumulating S&P 500 ETF, launched in October 2023. Its 0.03% TER is among the lowest in Europe for this index. It physically tracks the 500 largest US companies.
Fund data
- ISIN
- IE000XZSV718
- Issuer
- SPDR (State Street)
- Index
- S&P 500
- Dividends
- Accumulating (reinvests)
- Ongoing charges (TER)
- 0.03%
- Replication
- Physical, full
- Number of holdings
- 504
- Domicile
- Ireland
- Launch date
- 31 October 2023
- Fund base currency
- USD
- Listing used on this page
- SPYL.DE (EUR)
Market data
1-year return19.1%
2-year return29.4%
Annualised volatility15.4%
Maximum drawdown (2 years)-23.3%
Daily closes from Yahoo Finance in euros (SPYL.DE), data as of 23 October 2026. Past performance does not guarantee future results.
Two-year performance (base 100, in euros)
Drawdown from highs (2 years, in euros)
How far the ETF was below its previous high at each point: the depth and length of the falls a holder would have lived through.
Compared with CSPX and VUAA it tracks the same index at a lower annual cost. Being newer, it has a shorter trading history and is smaller than CSPX, although it has grown quickly. Its price per share is also much lower, which makes small contributions easier at brokers without fractional shares.
Comparisons
Frequently asked questions
Since when has SPYL existed?
It has been listed since 31 October 2023.
Is SPYL in the LearnAImarkets model?
No. The model's S&P 500 exposure is SXR8.