GBDV.L vs. LGUS.L
GBDV.L (SPDR S&P Global Dividend Aristocrats UCITS) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - GBDV.L tracks the S&P Global Dividend Aristocrats index while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 5 years, GBDV.L returned 7.68%/yr vs 13.21%/yr for LGUS.L. A 0.57 correlation means they provide meaningful diversification when combined. GBDV.L charges 0.45%/yr vs 0.05%/yr for LGUS.L.
Performance
GBDV.L vs. LGUS.L - Performance Comparison
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Different Trading Currencies
GBDV.L is traded in GBP, while LGUS.L is traded in USD. To make them comparable, the LGUS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with GBDV.L having a 10.40% return and LGUS.L slightly lower at 9.89%.
GBDV.L
- 1D
- -0.03%
- 1M
- 1.54%
- 6M
- 7.72%
- YTD
- 10.40%
- 1Y
- 16.44%
- 3Y*
- 13.61%
- 5Y*
- 7.68%
- 10Y*
- 6.34%
LGUS.L
- 1D
- 0.00%
- 1M
- -0.68%
- 6M
- 9.24%
- YTD
- 9.89%
- 1Y
- 20.35%
- 3Y*
- 19.04%
- 5Y*
- 13.21%
- 10Y*
- —
GBDV.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS | 10.40% | 9.25% | 8.98% | 1.23% | 4.57% | 16.69% | -12.13% | 15.83% | -1.85% |
LGUS.L L&G US Equity UCITS ETF | 9.89% | 9.57% | 27.28% | 22.23% | -11.00% | 29.12% | 17.60% | 25.93% | -7.71% |
Correlation
The correlation between GBDV.L and LGUS.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.57 |
Over the past year, the correlation between GBDV.L and LGUS.L has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
GBDV.L vs. LGUS.L — Risk / Return Rank
GBDV.L
LGUS.L
GBDV.L vs. LGUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) and L&G US Equity UCITS ETF (LGUS.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.
| GBDV.L | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.77 | -0.06 |
| Martin ratioReturn relative to average drawdown | 8.37 | 8.67 | -0.30 |
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Drawdowns
GBDV.L vs. LGUS.L - Drawdown Comparison
The maximum GBDV.L drawdown since its inception was -40.46%, which is greater than LGUS.L's maximum drawdown of -26.39%. Use the drawdown chart below to compare losses from any high point for GBDV.L and LGUS.L.
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Drawdown Indicators
| GBDV.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.46% | -26.39% | -14.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -7.68% | +1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -13.57% | -21.47% | +7.90% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -21.47% | +5.29% |
Max Drawdown (10Y)Largest decline over 10 years | -34.77% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -1.24% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -3.79% | -7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.45% | -0.49% |
Volatility
GBDV.L vs. LGUS.L - Volatility Comparison
The current volatility for SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) is 2.36%, while L&G US Equity UCITS ETF (LGUS.L) has a volatility of 3.08%. This indicates that GBDV.L experiences smaller price fluctuations and is considered to be less risky than LGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBDV.L | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 3.08% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 6.60% | 9.50% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.67% | 12.81% | -4.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.73% | 16.02% | -4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.05% | 17.59% | -3.54% |
GBDV.L vs. LGUS.L - Expense Ratio Comparison
GBDV.L has a 0.45% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.
Dividends
GBDV.L vs. LGUS.L - Dividend Comparison
GBDV.L's dividend yield for the trailing twelve months is around 3.78%, while LGUS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBDV.L SPDR S&P Global Dividend Aristocrats UCITS | 3.78% | 4.21% | 3.80% | 4.25% | 4.26% | 3.68% | 3.91% | 3.60% | 3.87% | 3.28% | 3.49% | 3.73% |
LGUS.L L&G US Equity 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% |
Frequently Asked Questions
GBDV.L and LGUS.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.45% for GBDV.L.
GBDV.L tracks S&P Global Dividend Aristocrats index, while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: State Street and L&G. Their fees differ too: 0.45% for GBDV.L and 0.05% for LGUS.L.
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