EMRD.L vs. USDV.L
EMRD.L (State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc)) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - EMRD.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Index, while USDV.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, EMRD.L returned 8.95%/yr vs 8.75%/yr for USDV.L. At a 0.38 correlation, their price movements are largely independent. EMRD.L charges 0.18%/yr vs 0.35%/yr for USDV.L.
Performance
EMRD.L vs. USDV.L - Performance Comparison
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Different Trading Currencies
EMRD.L is traded in USD, while USDV.L is traded in GBP. To make them comparable, the USDV.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, EMRD.L achieves a 18.51% return, which is significantly higher than USDV.L's 10.91% return. Both investments have delivered pretty close results over the past 10 years, with EMRD.L having a 8.95% annualized return and USDV.L not far behind at 8.75%.
EMRD.L
- 1D
- -1.32%
- 1M
- -7.35%
- 6M
- 12.75%
- YTD
- 18.51%
- 1Y
- 35.69%
- 3Y*
- 20.23%
- 5Y*
- 6.85%
- 10Y*
- 8.95%
USDV.L
- 1D
- 0.47%
- 1M
- 1.45%
- 6M
- 6.68%
- YTD
- 10.91%
- 1Y
- 14.18%
- 3Y*
- 10.25%
- 5Y*
- 6.99%
- 10Y*
- 8.75%
EMRD.L vs. USDV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMRD.L State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) | 18.51% | 34.18% | 7.65% | 9.74% | -20.67% | -2.26% | 17.96% | 17.38% | -14.07% | 36.47% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 10.91% | 8.78% | 7.52% | 1.58% | -0.37% | 25.59% | 0.26% | 23.70% | -4.23% | 15.39% |
Correlation
The correlation between EMRD.L and USDV.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2011 | 0.38 |
Over the past year, the correlation between EMRD.L and USDV.L has dropped to 0.12 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
EMRD.L vs. USDV.L — Risk / Return Rank
EMRD.L
USDV.L
EMRD.L vs. USDV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) (EMRD.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.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.
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.
| EMRD.L | USDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.03 | +0.81 |
| Martin ratioReturn relative to average drawdown | 8.72 | 5.00 | +3.72 |
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Drawdowns
EMRD.L vs. USDV.L - Drawdown Comparison
The maximum EMRD.L drawdown since its inception was -39.82%, roughly equal to the maximum USDV.L drawdown of -38.11%. Use the drawdown chart below to compare losses from any high point for EMRD.L and USDV.L.
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Drawdown Indicators
| EMRD.L | USDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.82% | -38.11% | -1.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.43% | -6.96% | -5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -15.12% | -1.59% |
Max Drawdown (5Y)Largest decline over 5 years | -35.03% | -15.12% | -19.91% |
Max Drawdown (10Y)Largest decline over 10 years | -39.82% | -35.73% | -4.09% |
Current DrawdownCurrent decline from peak | -9.35% | -1.32% | -8.03% |
Average DrawdownAverage peak-to-trough decline | -14.50% | -6.59% | -7.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.83% | +1.22% |
Volatility
EMRD.L vs. USDV.L - Volatility Comparison
State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) (EMRD.L) has a higher volatility of 9.23% compared to SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) at 2.85%. This indicates that EMRD.L's price experiences larger fluctuations and is considered to be riskier than USDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMRD.L | USDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 2.85% | +6.38% |
Volatility (6M)Calculated over the trailing 6-month period | 19.85% | 6.78% | +13.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.97% | 9.40% | +12.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.31% | 13.80% | +5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 15.71% | +3.94% |
EMRD.L vs. USDV.L - Expense Ratio Comparison
EMRD.L has a 0.18% expense ratio, which is lower than USDV.L's 0.35% expense ratio.
Dividends
EMRD.L vs. USDV.L - Dividend Comparison
EMRD.L has not paid dividends to shareholders, while USDV.L's dividend yield for the trailing twelve months is around 2.04%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMRD.L State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.04% | 2.20% | 1.99% | 2.28% | 2.11% | 2.13% | 2.57% | 2.07% | 2.19% | 1.85% | 1.65% | 2.00% |
Frequently Asked Questions
EMRD.L and USDV.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMRD.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMRD.L is cheaper with a 0.18% expense ratio, compared with 0.35% for USDV.L.
EMRD.L is categorized as Emerging Markets Equities, while USDV.L is Large Cap Blend Equities. EMRD.L tracks MSCI Emerging Markets Index, while USDV.L tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.18% for EMRD.L and 0.35% for USDV.L.
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