- Issuer
- State Street
- Inception Date
- Feb 18, 2015
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- State Street SPDR MSCI USA Value UCITS ETF USD Acc
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
USVL.L Performance Chart
State Street SPDR MSCI USA Value UCITS ETF USD Acc (USVL.L) is up 23.8% since the beginning of the year. USVL.L is currently trading at $96 per share. Investors who bought $1,000 worth of USVL.L shares 5 years ago would now be looking at an investment worth $1,769.
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Returns By Period
State Street SPDR MSCI USA Value UCITS ETF USD Acc (USVL.L) has returned 23.80% so far this year and 48.22% over the past 12 months. Over the last ten years, USVL.L has returned 12.08% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
State Street SPDR MSCI USA Value UCITS ETF USD Acc
- 1D
- -0.23%
- 1M
- -3.95%
- 6M
- 20.72%
- YTD
- 23.80%
- 1Y
- 48.22%
- 3Y*
- 22.39%
- 5Y*
- 12.09%
- 10Y*
- 12.08%
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
USVL.L Monthly Returns History
Based on dividend-adjusted daily data since Feb 18, 2015, USVL.L's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +16.3%, while the worst month was Mar 2020 at -16.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, USVL.L closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +10.2%, while the worst single day was Mar 12, 2020 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.07% | 1.38% | -6.19% | 11.42% | 16.02% | -3.74% | -0.43% | 23.80% | |||||
| 2025 | 5.27% | -1.75% | -3.39% | -3.49% | 4.02% | 6.10% | 0.11% | 5.06% | 4.00% | 3.76% | 2.26% | 4.08% | 28.52% |
| 2024 | -0.16% | 1.66% | 6.72% | -5.51% | 1.69% | 1.69% | 2.97% | -1.39% | 1.98% | -1.11% | 4.79% | -7.63% | 4.90% |
| 2023 | 6.97% | -2.87% | -1.53% | -1.05% | -3.35% | 6.93% | 4.19% | -3.00% | -3.17% | -4.15% | 8.82% | 8.56% | 15.93% |
| 2022 | -3.30% | -0.46% | 1.12% | -5.03% | 0.66% | -10.00% | 5.47% | -2.44% | -9.10% | 10.66% | 1.97% | -3.86% | -15.04% |
| 2021 | 4.63% | 4.99% | 7.38% | 2.21% | 2.38% | -1.45% | 0.44% | 1.10% | -2.82% | 1.61% | -0.60% | 7.12% | 29.87% |
Benchmark Metrics
State Street SPDR MSCI USA Value UCITS ETF USD Acc has an annualized alpha of 5.31%, beta of 0.53, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since February 18, 2015.
- This ETF participated in 96.39% of S&P 500 Index downside but only 94.14% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.53 may look defensive, but with R2 of 0.27 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.27 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.31%
- Beta
- 0.53
- R²
- 0.27
- Upside Capture
- 94.14%
- Downside Capture
- 96.39%
Expense Ratio
USVL.L has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
USVL.L ranks 95 for risk / return — in the top 95% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street SPDR MSCI USA Value UCITS ETF USD Acc (USVL.L) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USVL.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.57 | ||
| Sortino ratioReturn per unit of downside risk | +2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.31 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 6.46 | 2.35 | +4.11 |
| Martin ratioReturn relative to average drawdown | 19.45 | 10.19 | +9.26 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street SPDR MSCI USA Value UCITS ETF USD Acc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street SPDR MSCI USA Value UCITS ETF USD Acc was 40.24%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current State Street SPDR MSCI USA Value UCITS ETF USD Acc drawdown is 5.75%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.24%Mar 2020 | 1mo 9d | 8mo 16d | 9mo 25dFeb 2020 - Dec 2020 | COVID crash2020 |
-25.55%Sep 2022 | 8mo 18d | 1y 5mo | 2y 2moJan 2022 - Mar 2024 | Bear market2022 |
-20.10%Dec 2018 | 2mo 21d | 10mo 15d | 1y 1moOct 2018 - Nov 2019 | Rate-hike selloffLate 2018 |
-19.59%Apr 2025 | 4mo 14d | 4mo 6d | 8mo 20dNov 2024 - Aug 2025 | 2025 selloff2025 |
-17.19%Feb 2016 | 8mo 25d | 5mo 4d | 1y 1moMay 2015 - Jul 2016 | — |
Drawdown Indicators
| USVL.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.24% | -56.78% | +16.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -9.10% | +1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -18.90% | -0.69% |
Max Drawdown (5Y)Largest decline over 5 years | -25.55% | -25.43% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -40.24% | -33.92% | -6.32% |
Current DrawdownCurrent decline from peak | -5.75% | -0.49% | -5.26% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -10.70% | +4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.09% | +0.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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