CSPX vs SPYL
The two products in full comparison: facts, key differences and what to look out for.
Key differences
- SPYL has the lower annual cost: 0.03% versus 0.07% for CSPX.
- They track the same index: S&P 500.
- CSPX is significantly larger: ~€133bn versus ~€16bn.
- CSPX is the older of the two (2010 versus 2023).
Facts compared
| CSPX | SPYL | |
|---|---|---|
| Full name | iShares Core S&P 500 UCITS ETF USD (Acc) | SPDR S&P 500 UCITS ETF USD Unhedged (Acc) |
| Ticker | CSPX · SXR8 · CSSPX | SPYL |
| Index | S&P 500 | S&P 500 |
| TER (annual cost) | 0.07% | 0.03% |
| Fund size (approx.) | ~€133bn | ~€16bn |
| Replication | Physical (full) | Physical (full) |
| Distributions | Accumulating | Accumulating |
| Domicile | Ireland | Ireland |
| Base currency | USD | USD |
| Launch year | 2010 | 2023 |
| ISIN | IE00B5BMR087 | IE000XZSV718 |
What to look out for
Cost versus track record: SPYL cut the annual cost of S&P 500 exposure to 0.03%, less than half of CSPX (0.07%). Compounded over decades that difference is real money.
On the other hand, CSPX has a fifteen-year history, many times the size and top liquidity, while SPYL launched in 2023. Both do the same job with physical replication. The trade-off is purely lower fees versus scale and track record.
CSPX
iShares Core S&P 500 UCITS ETF USD (Acc)
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SPYL
SPDR S&P 500 UCITS ETF USD Unhedged (Acc)
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Data as of 2026-08. Refreshed periodically. This content is for information only and is not investment advice or a recommendation. Verify the official documents (KID/prospectus) with the provider before any decision.