FTAL.L vs. UDVD.L

Last updated Jul 17, 2026

FTAL.L (SPDR FTSE UK All Share UCITS ETF) and UDVD.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - FTAL.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, 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 10 years, FTAL.L returned 8.17%/yr vs 8.46%/yr for UDVD.L. A 0.57 correlation means they provide meaningful diversification when combined. FTAL.L charges 0.20%/yr vs 0.35%/yr for UDVD.L.

Performance

FTAL.L vs. UDVD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR FTSE UK All Share UCITS ETF (FTAL.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FTAL.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, FTAL.L achieves a 8.11% return, which is significantly lower than UDVD.L's 10.07% return. Both investments have delivered pretty close results over the past 10 years, with FTAL.L having a 8.17% annualized return and UDVD.L not far ahead at 8.46%.

FTAL.L

• 1D: 0.49%
• 1M: 0.76%
• 6M: 4.78%
• YTD: 8.11%
• 1Y: 20.62%
• 3Y*: 15.81%
• 5Y*: 10.86%
• 10Y*: 8.17%

UDVD.L

• 1D: 0.00%
• 1M: -0.10%
• 6M: 4.54%
• YTD: 10.07%
• 1Y: 13.86%
• 3Y*: 8.64%
• 5Y*: 7.23%
• 10Y*: 8.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTAL.L vs. UDVD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTAL.L SPDR FTSE UK All Share UCITS ETF	8.11%	23.19%	9.03%	7.92%	0.55%	17.18%	-9.96%	19.28%	-9.70%	12.98%
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	11.95%	0.84%	9.52%	-3.05%	11.52%	26.23%	-2.19%	17.98%	1.76%	5.73%

Correlation

The correlation between FTAL.L and UDVD.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Feb 28, 2012	0.57

Over the past year, the correlation between FTAL.L and UDVD.L has dropped to 0.37 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

FTAL.L vs. UDVD.L - Sectors Allocation Comparison

Sectors	FTAL.L	UDVD.L
Financial Services	24.7%	12.0%
Industrials	14.8%	17.3%
Healthcare	12.6%	7.5%
Consumer Defensive	12.0%	16.3%
Energy	10.1%	3.1%
Basic Materials	8.9%	5.4%
Consumer Cyclical	5.9%	5.1%
Utilities	4.6%	14.2%
Communication Services	2.9%	2.6%
Technology	1.8%	12.1%
Real Estate	1.8%	4.5%

Return for Risk

FTAL.L vs. UDVD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTAL.L

FTAL.L Risk / Return Rank: 65
FTAL.L Sharpe Ratio Rank: 71
FTAL.L Sortino Ratio Rank: 72
FTAL.L Omega Ratio Rank: 73
FTAL.L Calmar Ratio Rank: 57
FTAL.L Martin Ratio Rank: 54

UDVD.L

UDVD.L Risk / Return Rank: 57
UDVD.L Sharpe Ratio Rank: 62
UDVD.L Sortino Ratio Rank: 66
UDVD.L Omega Ratio Rank: 57
UDVD.L Calmar Ratio Rank: 57
UDVD.L Martin Ratio Rank: 44

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.

FTAL.L vs. UDVD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE UK All Share UCITS ETF (FTAL.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.

	FTAL.L	UDVD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.28	+0.55
Sortino ratio: Return per unit of downside risk	2.60	1.80	+0.80
Omega ratio: Gain probability vs. loss probability	1.34	1.22	+0.12
Calmar ratio: Return relative to maximum drawdown	2.29	2.13	+0.16
Martin ratio: Return relative to average drawdown	7.27	5.53	+1.74

FTAL.L vs. UDVD.L - Sharpe Ratio Comparison

The current FTAL.L Sharpe Ratio is 1.83, which is higher than the UDVD.L Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of FTAL.L and UDVD.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.

Drawdowns

FTAL.L vs. UDVD.L - Drawdown Comparison

The maximum FTAL.L drawdown since its inception was -35.26%, which is greater than UDVD.L's maximum drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for FTAL.L and UDVD.L.

Drawdown Indicators

	FTAL.L	UDVD.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.26%	-28.19%	-7.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-6.47%	-2.48%
Max Drawdown (3Y) Largest decline over 3 years	-13.17%	-16.57%	+3.40%
Max Drawdown (5Y) Largest decline over 5 years	-13.17%	-16.57%	+3.40%
Max Drawdown (10Y) Largest decline over 10 years	-35.26%	-28.19%	-7.07%
Current Drawdown Current decline from peak	-1.79%	-2.94%	+1.15%
Average Drawdown Average peak-to-trough decline	-4.25%	-4.18%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.50%	+0.33%

Volatility

FTAL.L vs. UDVD.L - Volatility Comparison

The current volatility for SPDR FTSE UK All Share UCITS ETF (FTAL.L) is 2.91%, while SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L) has a volatility of 3.71%. This indicates that FTAL.L experiences smaller price fluctuations and is considered to be less risky than UDVD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTAL.L	UDVD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.91%	3.71%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	9.77%	8.54%	+1.23%
Volatility (1Y) Calculated over the trailing 1-year period	11.22%	10.83%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.72%	13.78%	-1.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.51%	15.85%	-1.34%

FTAL.L vs. UDVD.L - Expense Ratio Comparison

FTAL.L has a 0.20% expense ratio, which is lower than UDVD.L's 0.35% expense ratio.

Dividends

FTAL.L vs. UDVD.L - Dividend Comparison

FTAL.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
FTAL.L SPDR FTSE UK All Share UCITS ETF	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

Can I hold both FTAL.L and UDVD.L in my portfolio?

FTAL.L and UDVD.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FTAL.L or UDVD.L?

On fees, FTAL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FTAL.L or UDVD.L?

FTAL.L is cheaper with a 0.20% expense ratio, compared with 0.35% for UDVD.L.

What is the main difference between FTAL.L and UDVD.L?

FTAL.L is categorized as Europe Equities, while UDVD.L is Large Cap Blend Equities. FTAL.L tracks FTSE AllSh TR GBP, while UDVD.L tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.20% for FTAL.L and 0.35% for UDVD.L.