This SXR8 ETF factsheet 2026 covers the Xetra listing of the iShares Core S&P 500 UCITS ETF (Acc) — and the single most important thing to understand is that SXR8 is not a separate fund at all. It is the German EUR trading line of exactly the same Irish-domiciled fund that trades on the London Stock Exchange as CSPX, under the identical ISIN IE00B5BMR087. Same portfolio, same TER, same accumulating structure — different exchange, different ticker, different trading currency.
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That “same fund, different listing” point sounds like a technicality, yet it drives almost every practical question people ask me about SXR8: why Trade Republic shows SXR8 rather than CSPX, whether buying in euros removes dollar risk (it doesn’t), and whether the two tickers can perform differently (over any meaningful horizon, they can’t). I have held Irish-domiciled S&P 500 trackers for the best part of a decade, and this page answers the SXR8-specific questions properly rather than rehashing generic S&P 500 material.
SXR8 ETF at a glance
| Attribute | Detail |
|---|---|
| Full name | iShares Core S&P 500 UCITS ETF USD (Acc) |
| Ticker | SXR8 (Xetra and gettex, EUR) — same fund as CSPX (LSE, USD) |
| ISIN / WKN | IE00B5BMR087 / A0YEDG |
| Index | S&P 500 |
| Domicile | Ireland (UCITS) |
| Replication | Physical (full replication, ~503 holdings) |
| Distribution | Accumulating |
| TER | ~0.07% (confirm the live figure on the iShares factsheet or justETF) |
| Fund size | ~€130bn+ — among the largest UCITS ETFs in Europe |
| Inception | 19 May 2010 |
Figures are approximate — verify current details on the official iShares factsheet or justETF. The fund currency is USD regardless of the EUR quote on Xetra.
Same fund as CSPX — what that actually means
One fund, several doors. The iShares Core S&P 500 UCITS ETF is a single Irish vehicle holding roughly 503 US large-cap stocks. iShares then lists that one fund on multiple exchanges: London (as CSPX in USD), Xetra and gettex in Germany (as SXR8 in EUR), Amsterdam, Milan and others. Whichever door you buy through, you end up owning units of the identical portfolio, with the identical ~0.07% TER, run by the identical managers.
Consequently, there is no “SXR8 performance” separate from “CSPX performance”. The net asset value is calculated once, for the fund. The EUR price of SXR8 is simply that USD value expressed in euros at the prevailing exchange rate. If the S&P 500 rises 1% and the euro strengthens 1% against the dollar on the same day, SXR8 finishes roughly flat while CSPX shows the gain — but a CSPX holder measuring their wealth in euros ends up in exactly the same place. My SXR8 vs CSPX tracking-error comparison demonstrates this with the actual numbers, and it is worth reading if the “same fund” claim still feels counterintuitive.
The practical upshot: choosing between SXR8 and CSPX is a question about your broker, your exchange access and your trading currency — never about the fund itself.
Why the SXR8 ETF’s Xetra line exists
If the fund is the same, why bother with a second listing? Because most continental European investors trade through brokers that route orders to German venues, settle in euros, and charge extra for anything else. The Xetra line exists to meet those investors where they are.
EUR trading with no broker-level currency conversion
Buy CSPX on the LSE from a EUR account and your broker must convert euros to dollars first, often at a 0.25–0.5% FX margin each way. Buy SXR8 on Xetra and you pay in euros directly — no conversion fee at the broker level. To be clear, this does not remove currency risk: the underlying assets are USD-denominated either way, so your exposure to the dollar is identical. What you avoid is the explicit FX transaction cost, which for frequent buyers adds up to more than the TER itself.
Availability on German and EU brokers
Searches like “SXR8 Trade Republic” exist for a good reason: on Trade Republic, Scalable Capital, ING, comdirect and most other German-facing brokers, SXR8 is the line you will actually find, because these platforms trade German venues (Trade Republic uses LS Exchange, Scalable uses gettex and Xetra). Many of them do not offer LSE access at all, so CSPX simply isn’t purchasable there. I cover the broker side in why Trade Republic stands out for ETF investors.
Savings plans and trading hours
The German Sparplan culture is built around Xetra-listed lines. SXR8 is available in free or near-free monthly savings plans on Trade Republic and Scalable, which makes automated euro-cost-averaging trivially easy. Trading hours differ too: Xetra runs 09:00–17:30 CET, and gettex quotes even longer, whereas the LSE line follows London hours. In practice, S&P 500 spreads on Xetra are tightest during the US overlap from 15:30 CET, when the underlying stocks are open — a detail worth knowing if you place large orders.
Costs and the 0.07% TER question
People search “SXR8 TER 0.07%” wanting a straight answer, so here it is: yes, the SXR8 ETF carries a total expense ratio of approximately 0.07% per year — about €7 annually per €10,000 invested — and because SXR8 and CSPX are the same fund, the TER is identical on both lines. iShares can change pricing, so treat 0.07% as the current illustrative figure and confirm it on the issuer factsheet before buying.
Beyond the TER, your real all-in cost has three parts. First, the bid-ask spread: on a fund this size the Xetra spread is routinely just a few basis points. Second, broker commissions, which on the neobrokers round to a euro or less. Third, FX conversion — the cost SXR8 was practically designed to eliminate for euro-based investors. The fund also runs securities lending, which offsets a sliver of cost and helps explain its consistently tight index tracking. Add it up and SXR8 is about as cheap as S&P 500 exposure gets for a EUR investor, even though rival funds now advertise headline TERs as low as 0.03%.
SXR8 vs VUAA
VUAA — the Vanguard S&P 500 UCITS ETF (Acc) — is SXR8’s closest rival on Xetra, and the two are strikingly similar: same index, physical replication, accumulating, Irish domicile, and a near-identical ~0.07% TER. The genuine differences are issuer preference and scale. The iShares fund is dramatically larger (roughly €130bn against VUAA’s tens of billions), with correspondingly deep liquidity, while Vanguard’s investor-owned structure attracts its own loyal following.
My honest view is that this choice matters far less than people fear. Both funds have tracked the index tightly for years, both appear in German savings plans, and a 0.00–0.02 point fee gap on €10,000 is pocket change. I break down the fee mechanics line by line in the SXR8 vs VUAA fee analysis; the broader shortlist is ranked in my guide to the best S&P 500 ETFs for European investors.
Who should use the SXR8 ETF vs CSPX
Choose SXR8 if: you invest in euros through a German or continental EU broker; your platform (Trade Republic, Scalable, comdirect and the like) trades Xetra or gettex; you want a free savings plan; or you simply want to avoid paying FX conversion on every purchase.
Choose CSPX if: your broker gives cheap LSE access and you hold USD anyway; you earn or budget in dollars; or your platform prices LSE trades better than German ones. Interactive Brokers users with USD balances often fall into this camp. The CSPX factsheet covers that listing’s specifics.
Whichever line you pick, resist the urge to hold both. Two tickers, one ISIN — owning SXR8 and CSPX together adds nothing but bookkeeping.
My take
SXR8 is my default answer when a euro-based investor on a German broker asks how to own the S&P 500. The fund behind it is the continent’s heavyweight: enormous, cheap, physically replicated, tax-efficient through its Irish domicile, and tracked so tightly that the tracking-difference chart is almost boring. The Xetra line then removes the last friction point — FX conversion — and plugs into the savings-plan infrastructure that makes monthly investing automatic.
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The one caveat I always attach: SXR8 is a single-country bet, however impressive that country’s stock market has been. It is a building block, not a finished portfolio. Hold it because you deliberately want a US core, not because you assumed an S&P 500 tracker equals global diversification.
Common mistakes
- Thinking SXR8 and CSPX are different funds. Same ISIN, same portfolio, same TER. Only the exchange and quote currency differ.
- Believing the EUR listing removes dollar risk. It removes broker-level FX fees, not currency exposure — the underlying assets are USD regardless.
- Comparing SXR8 and CSPX price charts and finding “performance differences”. Any gap is the EUR/USD rate, not the fund.
- Holding SXR8 and CSPX side by side. You have duplicated one holding and gained nothing.
- Trading large orders when the US market is closed. Xetra spreads are widest before 15:30 CET; time big trades for the US overlap.
Key takeaways
- SXR8 is the Xetra EUR listing of the iShares Core S&P 500 UCITS ETF (Acc), ISIN IE00B5BMR087 — the very same fund as CSPX on the LSE.
- The TER is ~0.07% on every listing; always confirm the live TER and AUM on the iShares factsheet before buying.
- The Xetra line exists for EUR investors: no broker-level FX conversion, availability on Trade Republic, Scalable and other German brokers, and free savings plans.
- Buying in euros does not hedge the dollar — currency exposure is identical to CSPX.
- Against VUAA, the differences are issuer and scale, not outcome; both are excellent S&P 500 vehicles.
FAQ
Q: Is SXR8 the same as CSPX?
A: Yes. Both tickers are listings of the iShares Core S&P 500 UCITS ETF (Acc), ISIN IE00B5BMR087. SXR8 trades in EUR on Xetra and gettex; CSPX trades in USD on the London Stock Exchange.
Q: Is the SXR8 TER really 0.07%?
A: Approximately, yes — around 0.07% per year at the time of writing, identical across all listings of the fund. Confirm the current figure on the iShares factsheet or justETF, as providers do adjust pricing.
Q: Can I buy SXR8 on Trade Republic?
A: Yes. SXR8 is available on Trade Republic, including in a free savings plan, which is precisely why German-broker users see SXR8 rather than CSPX.
Q: Does buying SXR8 in euros protect me from USD risk?
A: No. The trading currency is cosmetic — the underlying stocks are priced in dollars, so EUR/USD moves affect your returns identically on SXR8 and CSPX. Neither line is currency-hedged.
Q: Is SXR8 accumulating or distributing?
A: Accumulating — dividends are reinvested inside the fund automatically, which defers dividend tax in most EU jurisdictions and aids compounding.
Q: Is SXR8 physical or synthetic?
A: Physical, with full replication — iShares holds all ~503 S&P 500 constituents directly.
Q: SXR8 or VUAA — which should I buy?
A: They are near-equivalent: same index, similar ~0.07% TER, physical, accumulating. The iShares fund is larger; Vanguard has its brand loyalists. Pick whichever your broker offers more cheaply.
Q: Do SXR8 and CSPX ever perform differently?
A: Only in appearance. The EUR quote and USD quote diverge with the exchange rate, but the underlying return in any common currency is the same because it is one fund.
Q: Which exchange gives better spreads, Xetra or the LSE?
A: Both are tight for a fund of this size. On Xetra, spreads are narrowest after 15:30 CET when US markets open; for a EUR investor, avoiding FX fees usually outweighs any small spread difference anyway.
Q: Where can I confirm SXR8’s current TER and AUM?
A: On the official iShares factsheet or justETF. Fund size and pricing move over time, so verify before you buy.
Cited sources: justETF and Morningstar. Check current TER, AUM and holdings on the issuer factsheet — figures change.
European UCITS/ETF investor with 11+ years building a global dividend and index portfolio, and founder of Financial Expert Class. I write every guide here from first-hand experience investing across EU brokers and tax regimes — not theory. More about me →