ESES.L vs. UDVD.L
ESES.L (Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc)) and UDVD.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - ESES.L is a Emerging Markets Equities fund tracking the MSCI EM Universal Select Business Screens Index, while UDVD.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 5 years, ESES.L returned 6.99%/yr vs 7.70%/yr for UDVD.L. At a 0.23 correlation, their price movements are largely independent. ESES.L charges 0.19%/yr vs 0.35%/yr for UDVD.L.
Performance
ESES.L vs. UDVD.L - Performance Comparison
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Different Trading Currencies
ESES.L is traded in GBp, while UDVD.L is traded in USD. To make them comparable, the UDVD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ESES.L achieves a 20.07% return, which is significantly higher than UDVD.L's 12.53% return.
ESES.L
- 1D
- -1.40%
- 1M
- -8.29%
- 6M
- 13.84%
- YTD
- 20.07%
- 1Y
- 35.10%
- 3Y*
- 18.07%
- 5Y*
- 6.99%
- 10Y*
- —
UDVD.L
- 1D
- 0.52%
- 1M
- 1.57%
- 6M
- 7.17%
- YTD
- 12.53%
- 1Y
- 14.97%
- 3Y*
- 9.03%
- 5Y*
- 7.70%
- 10Y*
- 8.59%
ESES.L vs. UDVD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESES.L Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) | 20.07% | 24.05% | 7.54% | 2.94% | -11.14% | 6,848.44% |
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 12.53% | 0.84% | 9.52% | -3.05% | 11.52% | 9.50% |
Correlation
The correlation between ESES.L and UDVD.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.23 |
Over the past year, the correlation between ESES.L and UDVD.L has dropped to 0.03 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.
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Return for Risk
ESES.L vs. UDVD.L — Risk / Return Rank
ESES.L
UDVD.L
ESES.L vs. UDVD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.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.
| ESES.L | UDVD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 2.30 | +0.94 |
| Martin ratioReturn relative to average drawdown | 9.91 | 5.98 | +3.93 |
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Drawdowns
ESES.L vs. UDVD.L - Drawdown Comparison
The maximum ESES.L drawdown since its inception was -23.59%, smaller than the maximum UDVD.L drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for ESES.L and UDVD.L.
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Drawdown Indicators
| ESES.L | UDVD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.59% | -28.19% | +4.60% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -6.47% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -23.59% | -16.57% | -7.02% |
Max Drawdown (5Y)Largest decline over 5 years | -23.59% | -16.57% | -7.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.19% | — |
Current DrawdownCurrent decline from peak | -10.05% | -0.77% | -9.28% |
Average DrawdownAverage peak-to-trough decline | -10.52% | -4.18% | -6.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 2.50% | +1.03% |
Volatility
ESES.L vs. UDVD.L - Volatility Comparison
Invesco MSCI Emerging Markets Universal Screened UCITS ETF USD (Acc) (ESES.L) has a higher volatility of 7.19% compared to SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L) at 4.11%. This indicates that ESES.L's price experiences larger fluctuations and is considered to be riskier than UDVD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESES.L | UDVD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 4.11% | +3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 17.05% | 8.73% | +8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 10.92% | +8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.67% | 13.80% | +7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,195.40% | 15.86% | +3,179.54% |
ESES.L vs. UDVD.L - Expense Ratio Comparison
ESES.L has a 0.19% expense ratio, which is lower than UDVD.L's 0.35% expense ratio.
Dividends
ESES.L vs. UDVD.L - Dividend Comparison
ESES.L has not paid dividends to shareholders, while UDVD.L's dividend yield for the trailing twelve months is around 2.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESES.L Invesco MSCI Emerging Markets Universal Screened 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% |
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.00% | 2.17% | 2.03% | 2.24% | 2.13% | 2.15% | 2.36% | 2.01% | 2.27% | 1.78% | 1.83% | 2.06% |
Frequently Asked Questions
ESES.L and UDVD.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESES.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESES.L is cheaper with a 0.19% expense ratio, compared with 0.35% for UDVD.L.
ESES.L is categorized as Emerging Markets Equities, while UDVD.L is Large Cap Blend Equities. ESES.L tracks MSCI EM Universal Select Business Screens Index, while UDVD.L tracks S&P High Yield Dividend Aristocrats Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.19% for ESES.L and 0.35% for UDVD.L.
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