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SPYY 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.

Fund A
State Street logoSPYY
Fund B
iShares logoIUSQ

SPYY tracks the MSCI ACWI 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.

SPYY turned it into
€28,198
+10.92% per year on average · 2016–2025
IUSQ turned it into
€27,916
+10.81% per year on average · 2016–2025
Difference
+€282
SPYY made more of the same money

SPYY 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.

Years compared
15
where both funds were trading
SPYY won
9
years
IUSQ won
6
years
YearSPYYIUSQWinner
2026 (so far)+13.67%+13.66%SPYY
2025+9.46%+9.02%SPYY
2024+24.56%+24.53%SPYY
2023+18.22%+18.57%IUSQ
2022-13.76%-13.58%IUSQ
2021+29.02%+29.13%IUSQ
2020+5.12%+4.94%SPYY
2019+30.21%+30.14%SPYY
2018-6.02%-5.97%IUSQ
2017+8.80%+9.14%IUSQ
2016+12.34%+10.88%SPYY
2015+8.88%+8.31%SPYY
2014+18.80%+19.02%IUSQ
2013+17.52%+17.43%SPYY
2012+9.67%+3.09%SPYY
2011—0.00%—

SPYY vs IUSQ in plain words

SPYY and IUSQ both track the MSCI ACWI Index, so their returns are nearly identical — the real differences are costs and fund structure. SPYY charges 0.12% a year in running costs and IUSQ charges 0.20% — SPYY 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 15 calendar years both funds were trading, SPYY finished the year ahead 9 times and IUSQ 6 times. €10,000 invested at the start of 2016 was worth €28,198 in SPYY versus €27,916 in IUSQ by the end of 2025, dividends reinvested.

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: SPYY vs IUSQ

FactSPYYIUSQ
FundSPDR MSCI ACWI UCITS ETF (Acc)iShares MSCI ACWI UCITS ETF USD (Acc)
TracksMSCI ACWI IndexMSCI ACWI Index
Yearly cost (TER)0.12%0.20%
DividendsAccumulating — dividends reinvestedAccumulating — dividends reinvested
Launched13 May 201121 Oct 2011
ISINIE00B44Z5B48IE00B6R52259
WKNA1JJTCA1JMDF
Also trades as—ISAC

Frequently asked

Is SPYY or IUSQ better?

Across the 15 calendar years both funds were trading, SPYY finished the year ahead 9 times and IUSQ 6 times. €10,000 invested at the start of 2016 was worth €28,198 in SPYY 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 SPYY and IUSQ?

SPYY and IUSQ both track the MSCI ACWI Index, so their returns are nearly identical — the real differences are costs and fund structure. SPYY charges 0.12% a year in running costs and IUSQ charges 0.20% — SPYY 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 SPYY have become?

€10,000 invested in SPYY at the start of 2016 grew to €28,198 by the end of 2025, with dividends reinvested — an average of 10.9% per year.

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.

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