CSPX vs SPYL - What is The Best US ETF

--- by D. Petkovski ---

A US ETF is usually the core of most investors’ portfolios.

I’ve already covered the most popular UCITS ETFs (CSPX, VUSA, IUSA), but since late 2023, we have a new contender: $SPYL.

In this post, we’ll analyze whether SPYL can dethrone CSPX as the best US ETF.

Table of Contents

CSPX

Ticker symbols: CSPX, SXR8, CSP1; ISIN: IE00B5BMR087

CSPX (iShares Core S&P 500 UCITS ETF (Acc.)) is an ETF tracking the S&P 500 – an index composed of the largest US companies weighted by market cap.

It’s offered by BlackRock and has a TER of 0.07%.

CSPX is an accumulating fund (it reinvests the dividends instead of distributing them to investors) and, for most investors, it’s one of the go-to options for the US allocation.

SPYL

Ticker symbols: SPYL, SPXL, SPSA; ISIN: IE000XZSV718

SPYL (SPDR Core S&P 500 UCITS ETF) is also an ETF tracking the S&P 500, offered by State Street Global Advisors.

It’s also an accumulating fund with the same replication method as $CSPX.

Where SPYL shines is its expense ratio of 0.03%. This is less than half the cost of the cheapest US ETFs so far.

CSPX vs SPYL Summary

Without further ado, here’s the summary:

Distribution policy: Accumulating
Replication strategy: Full replication
Tracking index: S&P 500
Offered by: BlackRock vs State Street Global Advisors
Total Expense Ratio: 0.07% vs 0.03%

Both ETFs are offered by reputable fund managers, so it boils down to the TER.

And the choice is obvious – SPYL’s costs are 42.85% of CSPX’s.

The Verdict: SPYL Wins

SPYL is the best US ETF for European investors.

And it’s an important milestone because we finally have an ETF that’s cheaper than the US’s most cost-efficient total market fund, VTSAX (0.04% TER).

Author

D. Petkovski

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