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Amundi S&P 500 Equal Weight UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: LU2991918421Ticker: EQSU (Xetra) · EQSU (London SE)Issuer: AmundiClass: UCITS ETF Acc
Issuer-declared data
Declared index
S&P 500 Equal Weight NTR
TER
0.12%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
163.3 mln EUR
NAV
12.77 USD (1 September 2026)
Domicile
Luxembourg
Inception date
18 March 2025
Data as declared by Amundi in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Amundi S&P 500 Equal Weight UCITS ETF Acc tracks the issuer-declared index: S&P 500 Equal Weight NTR. The declared annual cost (TER) is 0.12%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication (swap based); income is accumulated and reinvested in the fund. The fund has assets of about 163 million euro, was launched on 18 March 2025 and is domiciled in Luxembourg.

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

This Sub-Fund is passively managed. The objective is to track the performance of "S&P 500 Equal Weight Index” (the “Index”) denominated in USD, in order to offer an exposure to an equalweight version of the S&P 500 Index which represents the largest companies listed in the United States, while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Index (the “Tracking Error”). The anticipated level of Tracking Error under normal market conditions is indicated in the Prospectus of the Sub-Fund. The Index is designed to be a size-neutral version of the S&P 500 Index and includes the same constituents as the cap-weighted S&P 500 Index but each company in the Index is allocated the same weight at each quarterly rebalancing, rather than weighted by float-adjusted market capitalization. The Index is a net total return index, meaning that dividends net of tax paid by the index constituents are included in the Index return. The complete methodology for the Index (including maintenance and rebalancing of the Index) is available for consultation on the website: https://www.spglobal.com/spdji/. The Index value is available via Bloomberg (SPXEWNTR). The Sub-Fund will apply an Indirect Replication methodology to get exposition to the Index. The Sub-Fund will invest into a total return swap (financial derivative instrument) delivering the performance of the Index against the performance of the assets held. Derivatives are integral to theSub-Fund's investment strategies.

Keep reading the KID section ▾

Intended Retail Investor:This product is intended for investors, with a basic knowledge of and no or limited experience of investing in funds seeking to increase the value of their investment over the recommended holding period with the ability to bear losses up to the amount invested.

Redemption and Dealing:The Sub-Fund's shares are listed and traded on one or more stock exchanges. In normal circumstances, you may deal in shares during the trading hours of the stock exchanges. Only authorised participants (e.g., selected financial institutions) may deal in shares directly with the SubFund on the primary market. Further details are provided in the MULTI UNITS LUXEMBOURG prospectus.

Distribution policy:As this is a non-distributing share class, investment income is reinvested. the accumulation share automatically retains, and re-invests, all attributable income within the Sub-Fund; thereby accumulating value in the price of the accumulation shares.

More Information:You may get further information about the Sub-Fund, including the prospectus, and financial reports which are available at and free of charge on request from: Amundi Luxembourg S.A. at 5, allée Scheffer 2520 Luxembourg, Luxembourg.

From the KID’s “Objectives” section · 8 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.12%: below the median of equity ETFs we track (0.22%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF 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.

Fund performance

issuer-declared net asset value (NAV) · USD · from Mar 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+27.3%
Annualised
+17.9%
Volatility (ann.)
15.2%
Max drawdown
-12.99%
-14%-2%+10%+23%+35%Mar 2025Aug 2025Dec 2025Apr 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+27%Mar 2025Sept 2026
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.
0%-5%-10%-15%-20%20252026−12.99% · 08 Apr 2025
Max drawdown
-12.99%
peak → trough
Trough
08 Apr 2025
from the 24 Mar 2025 peak
Recovery time
34 days
recovery only: trough to break-even
Underwater
49 days
decline + recovery: peak to break-even · → recovered on 12 May 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
24 Mar 202508 Apr 2025-12.99%12 May 202549
27 Feb 202630 Mar 2026-7.92%06 May 202668
27 Oct 202520 Nov 2025-5.15%10 Dec 202544
25 Jul 202501 Aug 2025-3.27%22 Aug 202528
03 Oct 202510 Oct 2025-3.23%27 Oct 202524

Calendar-year returns

2025
12.0%
2026
13.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20263.43.5-6.05.92.62.30.92.0-1.213.7
2025-2.34.33.41.02.71.1-1.01.90.412.0
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.
Source: Amundi. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 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.

Risk indicators· EUR

Last yearFull history
Volatility (ann.)12.02%16.24%
Max drawdown-6.07%-13.99%
Sharpe1.250.68
Sortino1.840.95
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: 2.21%), 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.

Portfolio holdings

Securities in portfolio
56
Top-10 weight
47.9%

Top 10 holdings

MICROSOFT CORP · MSFT UW
8.90%
ELI LILLY & CO · LLY UN
7.73%
APPLE INC · AAPL UW
5.00%
JOHNSON & JOHNSON · JNJ UN
4.30%
INTL BUSINESS MACHINES CORP · IBM UN
4.11%
ADVANCED MICRO DEVICES · AMD UW
4.07%
ABBVIE INC · ABBV UN
3.65%
DUKE ENERGY · DUK UN
3.62%
COPART INC · CPRT UW
3.47%
STATE STREET CORP · STT UN
3.05%
Download the full portfolio — Excel, 57 rows
Full portfolio declared by Amundi, as of 1 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding. Synthetic replication: the list shows the substitute basket (securities held as swap collateral), which can differ substantially from the replicated index. The fund’s economic exposure is that of its declared index.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.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 →

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:

LU2991918421EQSU
  • Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 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

ExchangeTickerTrading since
Börse Düsseldorf29 Sept 2025
Börse Frankfurt8 Apr 2025
Börse Hamburg2 Dec 2025
Börse Hannover4 Sept 2025
Börse München / gettex8 Apr 2025
Börse Stuttgart17 Apr 2025
Tradegate Exchange17 Apr 2025
Xetra (Deutsche Börse)EQSU8 Apr 2025
+ 16 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Amundi S&P 500 Equal Weight UCITS ETF Acc track?
The issuer Amundi declares the benchmark: S&P 500 Equal Weight NTR.
How much does EQSP cost?
The issuer-declared TER is 0.12% per year; the transaction costs estimated in the KID are 0.00%.
How is EQSP 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 EQSP?
The fund size declared by Amundi is about 163 million euro.
When was EQSP launched?
The fund was launched on 18 March 2025: it has 1 year of history.
How does EQSP replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).
Does EQSP pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does EQSP trade?
Per the official ESMA register it trades on 8 main exchanges, including Xetra (Deutsche Börse) (EQSU).
What was EQSP's worst fall?
Over the available history (since 2025), the maximum drawdown was -12.99%, reached in April 2025. Past performance is not indicative of future results.
How many securities does EQSP hold?
The declared portfolio holds 56 securities; the top 10 positions weigh 47.9%.
Transparency note
The data in this sheet is declared by Amundi 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.