iShares Core S&P 500 UCITS ETF (SXR8) Manages €128.8 Billion
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Key Takeaways
- The iShares Core S&P 500 UCITS ETF (SXR8) manages €128.8 billion in assets and is the largest exchange-traded fund product tracking the S&P 500 Index worldwide.
- The total expense ratio is 0.07 percent per year, and the ETF uses full replication by actually purchasing all stocks contained in the index.
- The ETF operates on the accumulation principle, with dividends automatically reinvested to enable compound interest effects.
- Unlike currency-hedged variants, SXR8 remains unhedged against USD/EUR price movements and carries currency risk for European investors.
- The ETF was launched on 19 May 2010 and trades on Deutsche Börse Xetra under ticker SXR8.DE in euros.
The iShares Core S&P 500 UCITS ETF USD (Acc) with ticker SXR8 manages assets of €128.8 billion and is thus the largest exchange-traded fund product tracking the S&P 500 Index worldwide. The ETF replicates the 500 largest listed US companies and was launched on 19 May 2010.
Cost Structure and Replication Method
The total expense ratio (TER) of the Ireland-domiciled ETF is 0.07 percent per year. This figure ranks among the lowest in the S&P 500 ETF segment. The fund uses full replication: all stocks contained in the index are actually purchased, not replicated via derivatives.
An S&P 500 ETF is an exchange-traded index fund that replicates the performance of the 500 largest listed US companies. The index comprises companies from various sectors such as technology, healthcare, financial services, consumer goods, industrials, energy and real estate.
Inflows and Trading Volume
Over a one-year period, the ETF recorded inflows of €3.5 billion. The fund is traded on Deutsche Börse Xetra under the ticker SXR8.DE in euros. On 29 June 2026, the ETF was quoted at €697.76, up 0.19 percent from the previous day.
Various brokers offer commission-free trading in the ETF. Since the ETF is denominated in US dollars but quoted in euros, there is a currency risk from fluctuations in the USD/EUR exchange rate.
Dividends and Accumulation
The ETF operates on the accumulation principle (Acc): dividends from the companies held are automatically reinvested and not paid out to investors. This accumulation method enables compound interest effects without regular distributions and can be tax-advantageous in some countries.
According to the Morningstar classification, the ETF belongs to the "US Large-Cap Blend Equity" category and is compared to the Morningstar US Large Cap Market Index (NR USD).
Index Composition and Geographic Focus
The S&P 500 focuses on large US companies, many of which operate internationally and conduct business in developed economies worldwide. Companies included in the index include Apple, Microsoft, Amazon, NVIDIA, Alphabet, Meta, Berkshire Hathaway and Tesla.
Sector weighting reflects the structure of the US economy, with a high proportion of technology stocks. The ETF replicates this weighting one-to-one through complete stock purchases.
Risks and Suitability for European Investors
The value of the investment can rise or fall. In addition to the price risk of the stocks held, investors also bear a currency risk since the ETF is denominated in US dollars. Exchange rate fluctuations between the euro and dollar can affect returns.
Unlike currency-hedged ETF variants, the SXR8 product remains unhedged against USD/EUR price movements. For investors in the DACH region, a strong dollar means currency gains, a weak dollar means currency losses – in addition to the development of the US stocks themselves.