ETF sheet · Issuer-declared data

🇮🇹 Effective capital-gains rate: 26.00%details →

State Street® SPDR® S&P® 500 UCITS ETF (Acc)Index, costs, backtest, listings and taxation

ISIN: IE000XZSV718Ticker: SP5A (Borsa Italiana) · SPYL (Xetra) · SPXL (London SE) · SPYL (Euronext AMS) · SPYL (SIX)Issuer: SPDR

North America Equity tracking the S&P 500® Index, physical, full replication, accumulating. Share class in US dollars (USD).

0.03% + 0.00%

TER + KID transaction costs ✓ declared by the issuer

505

rows published by the issuer · holdings ↓ ✓ declared by the issuer

39.9 bn €

fund assets ✓ declared by the issuer

+0.20 pt /year

average tracking difference 2024–2025 (2 years) · year by year ↓ ≈ average of issuer-declared yearly TD

Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name

State Street® SPDR® S&P® 500 UCITS ETF (Acc)

Declared index

S&P 500® Index

Management

Passive (index-tracking) (from the KID)

Replication

Physical

SFDR

not declared in the sources we read ≈ Rebalix reading: Article 6 (issuer documents do not declare art. 8/9) what does it mean?

Fund assets

39.9 bn EUR

Domicile

Ireland

Share class · this page

ISIN

IE000XZSV718

Ticker

SP5A (Borsa Italiana) · SPYL (Xetra) · SPXL (London SE) · SPYL (Euronext AMS) · SPYL (SIX)

Share-class currency

US dollars (USD)

TER

0.03%

Transaction costs

0.00% (issuer estimate, from the KID)

Income policy

Accumulating

NAV

19.18 USD (14 October 2026)

Share-class launch

30 October 2023

Data as declared by SPDR in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.

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OverviewIn this sectionQuick reads Fund objective What changed over time Tax

Quick reads

TER 0.03%below the median of equity ETFs we track (0.23%).≈ computed by Rebalix
Assetslarger than 99% of equity ETFs we track.≈ computed by Rebalix
Information Technology 39.9%first sector from the declared portfolio✓ declared by the issuer
505 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
Top 10 = 38.9%of the fund✓ declared by the issuer
Effective rate 26.00%on capital gains for Italian tax residents: from the declared white-list share≈ computed by Rebalix

✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

State Street® SPDR® S&P® 500 UCITS ETF (Acc) tracks the issuer-declared index: S&P 500® Index. The declared annual cost (TER) is 0.03%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is full physical replication (declared as “Replicated” by the issuer); income is accumulated and reinvested in the fund. The fund has assets of about 39.9 billion euro, was launched on 30 October 2023 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

Investment objective The objective of the Fund is to track the U.S. equity market performance of large cap equity securities. The Fund seeks to track the performance of the S&P 500 Index (the "Index") as closely as possible.
Keep reading the KID section ▾
The Fund is an index tracking fund (also known as a passively managed fund). Investment policies The Fund invests primarily in securities included in the Index. These securities include the top 500 companies in the U.S. equity market. The Fund seeks to hold all the securities of the Index with the approximate weightings as in that Index. Although the Index is generally well diversified, to enable the Fund to track the Index accurately, the Fund will make use of the increased diversification limits available under the UCITS Regulations, which permit it to hold positions in individual constituents of the Index issued by the same body of up to 20% of the Fund's net asset value. The Fund will use a replication strategy to create a near mirrorimage of the Index. In limited circumstances the Fund may purchase securities that are not included in the Index. The Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently. Save in exceptional circumstances, the Fund will generally only issue and redeem shares to certain institutional investors. However, Shareholders may redeem shares on any UK business day (other than days on which relevant financial markets are closed for business and/or the day preceding any such day provided that a list of such closed market days will be published for the Fund on www.ssga.com); and any other day at the Directors' discretion (acting reasonably) provided Shareholders are notified in advance of any such days. Any income earned by the Fund will be retained and reflected in an increase in the value of the shares. The Shares of the USD Class are issued in U.S. Dollar. Index Source: The Index is a trademark of S&P Global Inc., or its affiliates, and have been licensed for use by S&P Dow Jones Indices LLC ("S&P") and sub-licensed for use to State Street Investment Management ("State Street"). The Fund is not sponsored, endorsed, sold or promoted by S&P, its affiliates, or its third party licensors. Please see the Prospectus for the full index disclaimer.
Intended retail investorThis Fund is intended for investors who plan to stay invested for at least 5 years and are prepared to take on a medium-high level of risk of loss to their original capital in order to get a higher potential return. It is designed to form part of a portfolio of investments. Practical information Depositary The Fund depositary is State Street Custodial Services (Ireland) Limited.

From the KID’s “Objectives” section · KID acquired on 5 August 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

What has changed in the fund over time

Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.

Share-class launch
30 October 2023
declared by the issuer
Basket snapshots
3 monthly
since August 2026
Dated events
none so far
TER, index, name, tax: every change is an event

Open the history →

Italian taxation

Effective rate on capital gains

26.00%

White-list share

0.00%

From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.

Deep-dive into this fund’s taxation →

PerformanceIn this sectionChart Backtest Tracking difference

Fund performance

issuer-declared net asset value (NAV) · USD (loading exchange rates) · from Oct 2023 to Oct 2026

Adjusted for inflation

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+88.5%

Annualised

+23.9%

Volatility (ann.)

14.7%

Max drawdown

-18.76%

31 Oct 2023 → 16 Oct 20262 years and 12 months · +88.5%

Accumulating class: income is reinvested inside the fund and already reflected in the NAV; no distribution is left out of the chart.

Calculations on the NAV: issuer total-return series not available.

Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.

Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.

Max drawdown

-18.76%

peak → trough

Trough

08 Apr 2025

from the 19 Feb 2025 peak

Recovery time

79 days

recovery only: trough to break-even · ≈ 3 months

Underwater

127 days

decline + recovery: peak to break-even · ≈ 4 months · → recovered on 26 Jun 2025

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
19 Feb 2025	08 Apr 2025	-18.76%	26 Jun 2025	127
27 Jan 2026	30 Mar 2026	-8.91%	14 Apr 2026	77
16 Jul 2024	05 Aug 2024	-8.45%	19 Sept 2024	65
28 Mar 2024	19 Apr 2024	-5.41%	15 May 2024	48
28 Oct 2025	20 Nov 2025	-5.03%	10 Dec 2025	43

Calendar-year returns

2023

14.0%

launch 30 Oct, series from 31 Oct

2024

24.7%

2025

17.6%

2026

12.7%

2023: the share class was launched on 30 October 2023 and the available series starts on 31 October 2023; the return runs from that date (not from launch) to 29 December 2023 and is not a full year.

Month-by-month returns

2026Year 12.7%

Jan

1.4

Feb

-0.8

Mar

-5.0

Apr

10.5

May

5.2

Jun

-1.0

Jul

-0.1

Aug

2.7

Sept

-0.4

Oct

0.1

Nov

Dec

2025Year 17.6%

Jan

2.8

Feb

-1.3

Mar

-5.6

Apr

-0.7

May

6.3

Jun

5.1

Jul

2.2

Aug

2.0

Sept

3.6

Oct

2.3

Nov

0.2

Dec

0.0

2024Year 24.7%

Jan

1.7

Feb

5.3

Mar

3.2

Apr

-4.1

May

4.9

Jun

3.6

Jul

1.2

Aug

2.4

Sept

2.1

Oct

-0.9

Nov

5.8

Dec

-2.4

2023Year 14.0%(from 31 Oct)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sept

Oct

Nov

9.1

Dec

4.5

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	1.4	-0.8	-5.0	10.5	5.2	-1.0	-0.1	2.7	-0.4	0.1			12.7
2025	2.8	-1.3	-5.6	-0.7	6.3	5.1	2.2	2.0	3.6	2.3	0.2	0.0	17.6
2024	1.7	5.3	3.2	-4.1	4.9	3.6	1.2	2.4	2.1	-0.9	5.8	-2.4	24.7
2023											9.1	4.5	14.0(from 31 Oct)

From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested: where declared). Deeper colour = larger move.

Method and sources

Source: SPDR. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — issuer-declared

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER.

Average annual TD, 2024–2025 (2 years)

+0.20 pt /year

Declared TER

0.03%

Year	Fund	Index	Difference (pt)
2025	+17.60%	+17.43%	+0.17 pt
2024	+24.72%	+24.50%	+0.22 pt
2023launch year	+14.00%	+13.98%	+0.02 pt

Figures declared by the issuer on the fund page (net fund and index returns per calendar year, as of 31 August 2026), not computed by us. Partial years excluded. Currency of the declared returns not documented. Launch of the current share class: 30 October 2023. The launch year includes months before the launch. The average and the count of positive years consider only years entirely after the launch. What is tracking difference? →

RiskIn this sectionRisk

Risk indicators· EUR

Last year

Volatility (ann.)12.54%

Max drawdown-7.47%

Sharpe1.36

Sortino2.02

Full history

Volatility (ann.)15.78%

Max drawdown-22.59%

Sharpe1.10

Sortino1.58

	Last year	Full history
Volatility (ann.)	12.54%	15.78%
Max drawdown	-7.47%	-22.59%
Sharpe	1.36	1.10
Sortino	2.02	1.58

Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.25%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

PortfolioIn this sectionHoldings

Portfolio holdings

Rows in the published list

505

Top-10 weight

38.9%

Top 10 holdings

NVIDIA Corporation

8.46%

Apple Inc.

7.30%

Microsoft Corporation

5.76%

Amazon.com Inc.

3.69%

Alphabet Inc. Class A

3.00%

Broadcom Inc.

2.47%

Meta Platforms Inc Class A

2.42%

Alphabet Inc. Class C

2.41%

Micron Technology Inc.

1.88%

Advanced Micro Devices Inc.

1.52%

Sectors

Information Technology

39.9%

Financials

11.4%

Communication Services

9.8%

Health Care

9.1%

Consumer Discretionary

8.6%

Industrials

8.1%

Consumer Staples

4.3%

Countries

up to 1%1–5%5–15%15–30%over 30%

Hover a country for its percentage.

Country

United States100%

Breakdown computed by Rebalix by aggregating the full-precision per-position weights declared by the issuer.

⬇ Download the published holdings — Excel, 505 rows

Holdings as published by SPDR, holdings as at 30 September 2026: 505 rows archived by Rebalix, summarised here. Rebalix has no statement from the issuer on the completeness of this list. How Rebalix verifies portfolio holdings →

StructureIn this sectionIndex Exchanges

Index tracked

S&P 500® Index

This fund belongs to the S&P 500 family: compare all census ETFs in this family →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE000XZSV718SP5A

XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

IE00B6YX5C33SPY5

XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

IE00BYYW2V44SPXE

XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 15 October 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

Exchanges with a ticker available· in alphabetical order

Exchange	Ticker	Exchange source	Registered since
Bolsa Mexicana de Valores	SPYLNfrom the issuer	issuer’s product list (exchange outside the FIRDS perimeter)	—
Borsa Italiana (ETFplus)	SP5Afrom the issuer	ESMA register (FIRDS)	2 Nov 2023
Börse Düsseldorf	SPYLfrom mapping	ESMA register (FIRDS)	7 Feb 2024
Börse Frankfurt	SPYLfrom mapping	ESMA register (FIRDS)	1 Nov 2023
Börse Hamburg	SPYLfrom mapping	ESMA register (FIRDS)	31 Jan 2024
Börse Hannover	SPYLfrom mapping	ESMA register (FIRDS)	9 Dec 2024
Börse München / gettex	SPYLfrom mapping	ESMA register (FIRDS)	1 Nov 2023
Börse Stuttgart	SPYLfrom mapping	ESMA register (FIRDS)	13 Nov 2023
Euronext Amsterdam	SPYLfrom tax document	ESMA register (FIRDS)	2 Nov 2023
London Stock Exchange	SPXLfrom the issuer	issuer’s product list (exchange outside the FIRDS perimeter)	—
SIX Swiss Exchange	SPYLfrom tax document	issuer’s tax document (exchange outside the FIRDS perimeter)	—
Tradegate Exchange	SPYLfrom mapping	ESMA register (FIRDS)	30 Nov 2023
Xetra (Deutsche Börse)	SPYLfrom the issuer	ESMA register (FIRDS)	1 Nov 2023

from the issuer — ticker declared by the issuer in its product list.

from mapping — ticker obtained by ISIN→exchange mapping under the open FIGI standard, not read from the exchange’s list.

from tax document — ticker from the half-yearly document the issuer publishes for the Italian tax authority, one ticker per exchange: where the exchange trades several lines (different currencies) the others do not appear.

Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.

+ 8 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.

Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.

DocumentsIn this sectionDocuments FAQ

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot

The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Frequently asked questions

Which index does State Street® SPDR® S&P® 500 UCITS ETF (Acc) track?

The issuer SPDR declares the benchmark: S&P 500® Index.

How much does SP5A cost?

The issuer-declared TER is 0.03% per year; the transaction costs estimated in the KID are 0.00%.

How is SP5A taxed in Italy?

On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.

What is the fund size of SP5A?

The fund size declared by SPDR is about 39.9 billion euro.

When was SP5A launched?

The fund was launched on 30 October 2023: it has 2 years of history.

How does SP5A replicate its index?

It is a passively managed ETF: it follows the declared index. Physical (full replication) (issuer wording: “Replicated”).

Does SP5A pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulation”).

Where does SP5A trade?

Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 13 exchanges with a ticker available, including Bolsa Mexicana de Valores (SPYLN), Borsa Italiana (ETFplus) (SP5A), Börse Düsseldorf (SPYL), Börse Frankfurt (SPYL), Börse Hamburg (SPYL), Börse Hannover (SPYL).

What was SP5A's worst fall?

Over the available history (since 2023), the maximum drawdown was -18.76%, reached in April 2025. Past performance is not indicative of future results.

How many positions does SP5A publish?

The list published by the issuer and archived by Rebalix has 505 rows; the top 10 weigh 38.9%. The issuer does not declare the list as complete: rows are reported as published, weights included, even where a position has zero weight.

Transparency note

The data in this sheet is declared by SPDR in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.

Do you represent the issuer? Report a correction or an update