OriginaveSPYL vs SPYI (IMID): 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.
SPYLtracks the S&P 500 Index
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
- 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
SPYItracks the MSCI ACWI IMI Index
- 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
- 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
SPYL tracks the S&P 500 IndexSPYI tracks the MSCI ACWI IMI Index
What did the last 2 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. Both funds are measured over the same 2 full years (2024–2025) — the longest stretch both were trading.
SPYL vs SPYI, 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 | SPYL | SPYI | Winner |
|---|---|---|---|
| 2026 (so far) | +12.05% | +14.31% | SPYI |
| 2025 | +4.71% | +9.10% | SPYI |
| 2024 | +32.33% | +22.92% | SPYL |
| 2023 | +8.23% | +17.54% | SPYI |
| 2022 | — | -12.92% | — |
| 2021 | — | +27.77% | — |
| 2020 | — | +5.39% | — |
| 2019 | — | +29.64% | — |
| 2018 | — | -6.71% | — |
| 2017 | — | +8.46% | — |
| 2016 | — | +12.66% | — |
| 2015 | — | +10.13% | — |
SPYL vs SPYI in plain words
SPYL tracks the S&P 500 Index while SPYI follows the MSCI ACWI IMI Index, so they own different slices of the market and their years can look very different. SPYL charges 0.03% a year in running costs and SPYI charges 0.17% — SPYL 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 4 calendar years both funds were trading, SPYL finished the year ahead 1 times and SPYI 3 times. €10,000 invested at the start of 2024 was worth €13,856 in SPYL versus €13,410 in SPYI by the end of 2025, dividends reinvested.
SPYL also trades in USD on the London Stock Exchange, where SPXL is its GBP line, ISIN IE000XZSV718 — this page follows its EUR line on Xetra.
IMID is the London (USD) listing and IMIE the Paris/Milan (EUR) line of the same fund, ISIN IE00B3YLTY66 — SPYI is its EUR line on Xetra.
Fund facts: SPYL vs SPYI
| Fact | SPYL | SPYI |
|---|---|---|
| Fund | SPDR S&P 500 UCITS ETF (Acc) | SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc) |
| Tracks | S&P 500 Index | MSCI ACWI IMI Index |
| Yearly cost (TER) | 0.03% | 0.17% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 31 Oct 2023 | 13 May 2011 |
| ISIN | IE000XZSV718 | IE00B3YLTY66 |
| WKN | A3EUC1 | A1JJTD |
| Also trades as | — | IMID |
Frequently asked
Is SPYL or SPYI better?
Across the 4 calendar years both funds were trading, SPYL finished the year ahead 1 times and SPYI 3 times. €10,000 invested at the start of 2024 was worth €13,856 in SPYL versus €13,410 in SPYI 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 SPYL and SPYI?
SPYL tracks the S&P 500 Index while SPYI follows the MSCI ACWI IMI Index, so they own different slices of the market and their years can look very different. SPYL charges 0.03% a year in running costs and SPYI charges 0.17% — SPYL 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.
What would €10,000 in SPYL have become?
€10,000 invested in SPYL at the start of 2024 grew to €13,856 by the end of 2025, with dividends reinvested — an average of 17.7% per year.
Is IMID the same as SPYI?
IMID is the London (USD) listing and IMIE the Paris/Milan (EUR) line of the same fund, ISIN IE00B3YLTY66 — SPYI is its EUR line on Xetra.
Related comparisons
More head-to-heads featuring SPYL or SPYI.