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ASDV.L vs. PADV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ASDV.L vs. PADV.L

Last updated Jun 5, 2026

ASDV.L (SPDR S&P Pan Asia Dividend Aristocrats UCITS) and PADV.L (SPDR S&P Pan Asia Dividend Aristocrats UCITS) are both Asia Pacific Equities funds from State Street tracking the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 10 years, ASDV.L returned 6.66%/yr vs 6.98%/yr for PADV.L. A 0.79 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.

Performance

ASDV.L vs. PADV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) and SPDR S&P Pan Asia Dividend Aristocrats UCITS (PADV.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ASDV.L is traded in USD, while PADV.L is traded in GBP. To make them comparable, the PADV.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with ASDV.L having a 3.36% return and PADV.L slightly higher at 3.39%. Both investments have delivered pretty close results over the past 10 years, with ASDV.L having a 6.66% annualized return and PADV.L not far ahead at 6.98%.

ASDV.L

1D
-0.44%
1M
-0.57%
YTD
3.36%
6M
2.58%
1Y
11.90%
3Y*
13.40%
5Y*
4.13%
10Y*
6.66%

PADV.L

1D
-0.52%
1M
-0.34%
YTD
3.39%
6M
1.93%
1Y
12.17%
3Y*
13.29%
5Y*
4.11%
10Y*
6.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ASDV.L vs. PADV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ASDV.L
SPDR S&P Pan Asia Dividend Aristocrats UCITS		3.36%23.27%4.84%15.47%-15.61%2.54%0.15%20.64%-9.03%29.85%
PADV.L
SPDR S&P Pan Asia Dividend Aristocrats UCITS		3.39%23.25%4.82%15.37%-16.05%2.50%0.22%21.46%-9.19%29.49%

Correlation

The correlation between ASDV.L and PADV.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.83

Correlation (3Y)
Calculated over the trailing 3-year period

0.90

Correlation (5Y)
Calculated over the trailing 5-year period

0.89

Correlation (10Y)
Calculated over the trailing 10-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Jun 25, 2013

0.79

The correlation between ASDV.L and PADV.L shifts across timeframes, from 0.79 (all time) to 0.90 (3 years), reflecting how their relationship changes across market environments.

ASDV.L vs. PADV.L - Sectors Allocation Comparison

Sectors
ASDV.L
PADV.L

Financial Services

33.0%
33.0%

Utilities

14.9%
14.9%

Consumer Defensive

9.2%
9.2%

Healthcare

8.7%
8.7%

Industrials

7.3%
7.3%

Consumer Cyclical

6.7%
6.7%

Technology

6.7%
6.7%

Communication Services

6.2%
6.2%

Real Estate

4.6%
4.6%

Basic Materials

2.8%
2.8%

Energy

-

-

Financial Services

ASDV.L
33.0%
PADV.L
33.0%

Utilities

ASDV.L
14.9%
PADV.L
14.9%

Consumer Defensive

ASDV.L
9.2%
PADV.L
9.2%

Healthcare

ASDV.L
8.7%
PADV.L
8.7%

Industrials

ASDV.L
7.3%
PADV.L
7.3%

Consumer Cyclical

ASDV.L
6.7%
PADV.L
6.7%

Technology

ASDV.L
6.7%
PADV.L
6.7%

Communication Services

ASDV.L
6.2%
PADV.L
6.2%

Real Estate

ASDV.L
4.6%
PADV.L
4.6%

Basic Materials

ASDV.L
2.8%
PADV.L
2.8%

Energy

ASDV.L

-

PADV.L

-

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SPDR S&P Pan Asia Dividend Aristocrats UCITS

SPDR S&P Pan Asia Dividend Aristocrats UCITS

Often compared with ASDV.L:
ASDV.L vs. GGRG.LASDV.L vs. KLIPASDV.L vs. IDAP.LASDV.L vs. V3PL.DEASDV.L vs. VHYD.LASDV.L vs. QQQASDV.L vs. 5MVL.DE
Often compared with PADV.L:
PADV.L vs. CPJ1.LPADV.L vs. SJPA.LPADV.L vs. AUAD.LPADV.L vs. CP9G.LPADV.L vs. UC48.LPADV.L vs. XKS2.LPADV.L vs. IDAP.L

Return for Risk

ASDV.L vs. PADV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ASDV.L
ASDV.L Risk / Return Rank: 3030
Overall Rank
ASDV.L Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
ASDV.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
ASDV.L Omega Ratio Rank: 2828
Omega Ratio Rank
ASDV.L Calmar Ratio Rank: 3232
Calmar Ratio Rank
ASDV.L Martin Ratio Rank: 3030
Martin Ratio Rank
PADV.L
PADV.L Risk / Return Rank: 3333
Overall Rank
PADV.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
PADV.L Sortino Ratio Rank: 3131
Sortino Ratio Rank
PADV.L Omega Ratio Rank: 3232
Omega Ratio Rank
PADV.L Calmar Ratio Rank: 3838
Calmar Ratio Rank
PADV.L Martin Ratio Rank: 3232
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASDV.L vs. PADV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) and SPDR S&P Pan Asia Dividend Aristocrats UCITS (PADV.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

ASDV.LPADV.LDifference
Sharpe ratioReturn per unit of total volatility
1.04
0.97

+0.07

Sortino ratioReturn per unit of downside risk
1.51
1.39

+0.12

Omega ratioGain probability vs. loss probability

1.19

1.17

+0.02

Calmar ratioReturn relative to maximum drawdown

1.56

1.46

+0.10

Martin ratioReturn relative to average drawdown

4.22

3.98

+0.23

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASDV.L vs. PADV.L - Sharpe Ratio Comparison

The current ASDV.L Sharpe Ratio is 1.04, which is comparable to the PADV.L Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of ASDV.L and PADV.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

ASDV.LPADV.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.04

0.97

+0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.28

0.27

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.44

0.46

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.35

+0.07

Drawdowns

ASDV.L vs. PADV.L - Drawdown Comparison

The maximum ASDV.L drawdown since its inception was -35.08%, roughly equal to the maximum PADV.L drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for ASDV.L and PADV.L.

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Drawdown Indicators

ASDV.LPADV.LDifference

Max Drawdown

Largest peak-to-trough decline

-35.08%

-35.53%

+0.45%

Max Drawdown (1Y)

Largest decline over 1 year

-7.59%

-8.27%

+0.68%

Max Drawdown (3Y)

Largest decline over 3 years

-14.64%

-14.40%

-0.24%

Max Drawdown (5Y)

Largest decline over 5 years

-35.08%

-35.53%

+0.45%

Max Drawdown (10Y)

Largest decline over 10 years

-35.08%

-35.53%

+0.45%

Current Drawdown

Current decline from peak

-4.75%

-5.24%

+0.49%

Average Drawdown

Average peak-to-trough decline

-8.16%

-8.37%

+0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

3.04%

-0.22%

Volatility

ASDV.L vs. PADV.L - Volatility Comparison

SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) and SPDR S&P Pan Asia Dividend Aristocrats UCITS (PADV.L) have volatilities of 3.59% and 3.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ASDV.LPADV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.59%

3.58%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

9.09%

9.88%

-0.79%

Volatility (1Y)

Calculated over the trailing 1-year period

11.41%

12.47%

-1.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.76%

15.37%

-0.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.29%

15.94%

-0.65%

ASDV.L vs. PADV.L - Expense Ratio Comparison

Both ASDV.L and PADV.L have an expense ratio of 0.55%.

Dividends

ASDV.L vs. PADV.L - Dividend Comparison

ASDV.L's dividend yield for the trailing twelve months is around 2.89%, which matches PADV.L's 2.89% yield.

PositionTTM20252024202320222021202020192018201720162015
ASDV.L
SPDR S&P Pan Asia Dividend Aristocrats UCITS		2.89%2.85%3.11%2.89%3.63%2.98%2.82%2.65%2.52%1.70%2.37%3.24%
PADV.L
SPDR S&P Pan Asia Dividend Aristocrats UCITS		2.89%2.96%3.06%2.93%3.44%2.91%2.94%2.79%2.38%1.76%2.14%3.16%

Frequently Asked Questions

ASDV.L and PADV.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

ASDV.L and PADV.L have the same expense ratio: 0.55% per year.

Both ETFs track MSCI AC Asia Pacific NR USD.

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