OriginaveSXR8 (CSPX) vs IUSQ (ISAC): which ETF won each year?
Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.
Every figure here is in euros — what you'd actually pocket buying on Xetra. Fund fact sheets usually headline returns in US dollars, which can look very different: in 2025 a world tracker rose about 23% in dollars but only about 9% in euros, because the euro gained roughly 13% against the dollar. Here's the full story, year by year.
SXR8
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- AvantisAVWCAvantis Global Equity UCITS ETF USD Acctracks the Avantis Global Equity strategy
- DimensionalDEGCDimensional Global Core Equity UCITS ETF USD (Acc)tracks the Dimensional Global Core Equity strategy
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
IUSQ
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
- VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
- WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index
- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- AvantisAVWCAvantis Global Equity UCITS ETF USD Acctracks the Avantis Global Equity strategy
- DimensionalDEGCDimensional Global Core Equity UCITS ETF USD (Acc)tracks the Dimensional Global Core Equity strategy
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
SXR8 tracks the S&P 500 IndexIUSQ tracks the MSCI ACWI Index
What did the last 10 years do to €10,000?
You invest €10,000 at the start of the window and touch nothing — dividends reinvested, the running year not counted.
SXR8 vs IUSQ, year by year
Calendar-year total returns (dividends included) side by side, and who took the crown each year. A dash means the fund did not exist yet.
| Year | SXR8 | IUSQ | Winner |
|---|---|---|---|
| 2026 (so far) | +16.46% | +16.73% | IUSQ |
| 2025 | +4.73% | +9.02% | IUSQ |
| 2024 | +32.32% | +24.53% | SXR8 |
| 2023 | +22.47% | +18.57% | SXR8 |
| 2022 | -14.31% | -13.58% | IUSQ |
| 2021 | +40.74% | +29.13% | SXR8 |
| 2020 | +6.80% | +4.94% | SXR8 |
| 2019 | +34.49% | +30.14% | SXR8 |
| 2018 | -1.05% | -5.97% | SXR8 |
| 2017 | +6.67% | +9.14% | IUSQ |
| 2016 | +14.83% | +10.88% | SXR8 |
| 2015 | +12.52% | +8.31% | SXR8 |
| 2014 | +30.38% | +19.02% | SXR8 |
| 2013 | +27.45% | +17.43% | SXR8 |
| 2012 | +11.05% | +3.09% | SXR8 |
| 2011 | +4.85% | 0.00% | SXR8 |
| 2010 | -12.49% | — | — |
SXR8 vs IUSQ in plain words
SXR8 tracks the S&P 500 Index while IUSQ follows the MSCI ACWI Index, so they own different slices of the market and their years can look very different. SXR8 charges 0.07% a year in running costs and IUSQ charges 0.20% — SXR8 is the cheaper fund to hold.
Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout. Across the 16 calendar years both funds were trading, SXR8 finished the year ahead 12 times and IUSQ 4 times. €10,000 invested at the start of 2016 was worth €35,638 in SXR8 versus €27,916 in IUSQ by the end of 2025, dividends reinvested.
CSPX is the London (USD) listing of the same fund, ISIN IE00B5BMR087 — SXR8 is its EUR line on Xetra.
ISAC is the London (USD) listing and SSAC the London (GBP) line of the same fund, ISIN IE00B6R52259 — IUSQ is its EUR line on Xetra.
Fund facts: SXR8 vs IUSQ
| Fact | SXR8 | IUSQ |
|---|---|---|
| Fund | iShares Core S&P 500 UCITS ETF USD (Acc) | iShares MSCI ACWI UCITS ETF USD (Acc) |
| Tracks | S&P 500 Index | MSCI ACWI Index |
| Yearly cost (TER) | 0.07% | 0.20% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 19 May 2010 | 21 Oct 2011 |
| ISIN | IE00B5BMR087 | IE00B6R52259 |
| WKN | A0YEDG | A1JMDF |
| Also trades as | CSPX | ISAC |
| €10,000 invested | What €10,000 in SXR8 became | What €10,000 in IUSQ became |
How bumpy the ride was: SXR8 vs IUSQ
These head-to-head figures use only the 3,795 trading days both funds were listed: 21 Oct 2011 to 7 Oct 2026, roughly 15.1 years.
SXR8 swung more than IUSQ: annualised volatility of 15.9% for SXR8 against 14.9% for IUSQ, with SXR8 moving 1% or more on 22.6% of trading days and IUSQ on 20.0%. Both had their worst day on 12 Mar 2020: SXR8 closed -8.03% and IUSQ -9.24%.
Both funds suffered a drawdown of about the same depth: SXR8 fell -33.78% from its peak on 19 Feb 2020 to a low on 23 Mar 2020, then closed back above the old peak on 8 Jan 2021, 9 months after the low; IUSQ fell -33.60% from its peak on 19 Feb 2020 to a low on 23 Mar 2020, then closed back above the old peak on 7 Jan 2021, 9 months after the low.
Day to day the two move almost in lockstep: the correlation of their daily returns is 0.96, and they closed in opposite directions on 7.7% of the 3,794 days measured. The widest single-day gap came on 21 Nov 2011, when SXR8 moved -2.59% and IUSQ 0.00%.
| Measure | SXR8 | IUSQ |
|---|---|---|
| Annualised volatility | 15.9% | 14.9% |
| Worst day | -8.03% on 12 Mar 2020 | -9.24% on 12 Mar 2020 |
| Best day | +8.55% on 24 Mar 2020 | +8.41% on 24 Mar 2020 |
| Days moving 1% or more | 22.6% of days | 20.0% of days |
| Deepest drawdown | -33.78% | -33.60% |
| Peak to trough | 19 Feb 2020 → 23 Mar 2020 | 19 Feb 2020 → 23 Mar 2020 |
| Back above the old peak | 8 Jan 2021 · 9 months | 7 Jan 2021 · 9 months |
Years SXR8 and IUSQ parted ways
In 5 of the 15 completed calendar years both funds were trading, the two returns ended more than 5 points apart. The widest split was 2021: SXR8 returned +40.74% and IUSQ +29.13%, a gap of 11.6 points. They rose together in 12 years, fell together in 2 years and went opposite ways in 1 year.
| Year | SXR8 | IUSQ | Gap (SXR8 − IUSQ) |
|---|---|---|---|
| 2024 | +32.32% | +24.53% | +7.8 pts |
| 2021 | +40.74% | +29.13% | +11.6 pts |
| 2014 | +30.38% | +19.02% | +11.4 pts |
| 2013 | +27.45% | +17.43% | +10.0 pts |
| 2012 | +11.05% | +3.09% | +8.0 pts |
How often SXR8 beat IUSQ over any 12 months
Across the 168 rolling 12-month windows since October 2011, measured month-end to month-end, SXR8 finished ahead in 79.8% of them (134) and IUSQ in 20.2% (34).
€200 a month into each, 2012–2025
Putting €200 into each fund at the start of every month from January 2012 to December 2025 (168 payments, €33,600 in total) would have grown to €101,793 in SXR8 and €78,993 in IUSQ, leaving SXR8 €22,800 ahead.
| Outcome | SXR8 | IUSQ |
|---|---|---|
| Paid in | €33,600 | €33,600 |
| Value at the end of 2025 | €101,793 | €78,993 |
| Gain on the money paid in | +€68,193 | +€45,393 |
| Gain in % | +202.95% | +135.10% |
Each payment rides the return of the month it lands in, dividends reinvested. Only calendar years with all twelve months of data for both funds count, so the plan may start later than the shared history.
Frequently asked
Is SXR8 or IUSQ better?
Across the 16 calendar years both funds were trading, SXR8 finished the year ahead 12 times and IUSQ 4 times. €10,000 invested at the start of 2016 was worth €35,638 in SXR8 versus €27,916 in IUSQ by the end of 2025, dividends reinvested. Past returns don't promise future ones — but this is what actually happened.
What is the difference between SXR8 and IUSQ?
SXR8 tracks the S&P 500 Index while IUSQ follows the MSCI ACWI Index, so they own different slices of the market and their years can look very different. SXR8 charges 0.07% a year in running costs and IUSQ charges 0.20% — SXR8 is the cheaper fund to hold. Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout.
Which is more volatile, SXR8 or IUSQ?
SXR8 swung more than IUSQ: annualised volatility of 15.9% for SXR8 against 14.9% for IUSQ, with SXR8 moving 1% or more on 22.6% of trading days and IUSQ on 20.0%. Both had their worst day on 12 Mar 2020: SXR8 closed -8.03% and IUSQ -9.24%.
Which had the deeper drawdown, SXR8 or IUSQ?
Both funds suffered a drawdown of about the same depth: SXR8 fell -33.78% from its peak on 19 Feb 2020 to a low on 23 Mar 2020, then closed back above the old peak on 8 Jan 2021, 9 months after the low; IUSQ fell -33.60% from its peak on 19 Feb 2020 to a low on 23 Mar 2020, then closed back above the old peak on 7 Jan 2021, 9 months after the low.
How often did SXR8 beat IUSQ over a 12-month period?
Across the 168 rolling 12-month windows since October 2011, measured month-end to month-end, SXR8 finished ahead in 79.8% of them (134) and IUSQ in 20.2% (34).
What would €10,000 in SXR8 have become?
€10,000 invested in SXR8 at the start of 2016 grew to €35,638 by the end of 2025, with dividends reinvested — an average of 13.6% per year.
Is CSPX the same as SXR8?
CSPX is the London (USD) listing of the same fund, ISIN IE00B5BMR087 — SXR8 is its EUR line on Xetra.
Is ISAC the same as IUSQ?
ISAC is the London (USD) listing and SSAC the London (GBP) line of the same fund, ISIN IE00B6R52259 — IUSQ is its EUR line on Xetra.
Related comparisons
More head-to-heads featuring SXR8 or IUSQ.
Source: Yahoo Finance daily adjusted closes for the EUR trading lines on Xetra, dividends reinvested. Prices through · refreshed 7 Oct 2026, 08:49 UTC. How every number is calculated.