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VUSA

Dist

Vanguard S&P 500 UCITS ETF (Distributing)

0.07%

TER per year

Issuer

Vanguard

Index

S&P 500

AUM

~€45B

Domicile

Ireland

Currency

USD

Replication

physical

ISIN

IE00B3XXRP09

Since

2012

Etfora Verdict

Choose VUSA over CSPX only if you specifically want dividend income (retirees, income-focused investors). For most European investors, the accumulating CSPX is more tax-efficient. Both track the same index at the same cost.

What Is VUSA?

VUSA is the distributing version of Vanguard's S&P 500 tracker. It holds the same 500 US large-cap stocks as CSPX but pays out dividends quarterly instead of reinvesting them. One of the largest and most liquid ETFs on European exchanges.

The S&P 500 Index

The S&P 500 index tracks the 500 largest US companies by market capitalisation. It represents approximately 80% of total US equity market value. Technology, healthcare, and financials are the largest sectors.

US equivalent blocked in Europe

VOO (Vanguard S&P 500 ETF)

VUSA is Vanguard's own UCITS version of VOO. Identical index, same issuer, Ireland-domiciled for European tax treaty benefits. The distributing structure makes it the direct equivalent for investors who want dividends.

Why it works for European investors

  • Same ultra-low 0.07% TER as CSPX
  • Quarterly dividend payments for income-oriented investors
  • Massive AUM (€45B+) ensures excellent liquidity and tight spreads
  • Vanguard's investor-owned structure aligns interests with investors
  • Ireland domicile for 15% US dividend withholding rate

Things to know

  • Distributing ETFs trigger dividend tax events in most European countries
  • Belgian investors pay 30% dividend tax on each quarterly payout — CSPX is far better
  • Dutch Box 3: no difference between accumulating and distributing for tax purposes
  • German investors: Vorabpauschale may be lower than actual dividends, making distributing slightly less efficient
  • USD-denominated — FX conversion fees apply unless your broker holds USD

Available On

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→ Find the best broker for your country and investment size

Alternatives to Consider

CSPXiShares Core S&P 500 UCITS ETF (Acc)0.07% TER

Accumulating version. Same index, same cost. More tax-efficient for most Europeans.

IUSAiShares Core S&P 500 UCITS ETF (Dist)0.07% TER

iShares distributing alternative. Same index and cost. Slightly different trading volumes.

Find the right broker for VUSA

Check which brokers offer VUSA in your country and at what cost.

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Data based on publicly available information. TER and AUM figures are approximate. Verify current fund data at the issuer's website before investing.