GLAU.L vs. USDV.L

Last updated Jun 5, 2026

GLAU.L (SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - GLAU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD, 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 5 years, GLAU.L returned 0.73%/yr vs 5.66%/yr for USDV.L. At a 0.06 correlation, their price movements are largely independent. GLAU.L charges 0.10%/yr vs 0.35%/yr for USDV.L.

Performance

GLAU.L vs. USDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (GLAU.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLAU.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, GLAU.L achieves a 0.41% return, which is significantly lower than USDV.L's 6.96% return.

GLAU.L

• 1D: 0.25%
• 1M: 0.56%
• YTD: 0.41%
• 6M: 0.72%
• 1Y: 3.45%
• 3Y*: 4.27%
• 5Y*: 0.73%
• 10Y*: —

USDV.L

• 1D: 0.18%
• 1M: 0.89%
• YTD: 6.96%
• 6M: 7.95%
• 1Y: 12.93%
• 3Y*: 9.69%
• 5Y*: 5.66%
• 10Y*: 9.04%

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

GLAU.L vs. USDV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GLAU.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged	0.41%	4.62%	3.58%	6.07%	-11.13%	-1.01%	5.46%	7.95%	1.58%
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	6.96%	8.78%	7.52%	1.58%	-0.35%	25.59%	0.26%	24.49%	-2.92%

Correlation

The correlation between GLAU.L and USDV.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018	0.06

Over the past year, GLAU.L and USDV.L have become more correlated (0.26) than their long-term average of 0.06, meaning their price movements have been converging.

GLAU.L vs. USDV.L - Sectors Allocation Comparison

Sectors	GLAU.L	USDV.L
Financial Services	4.5%	11.5%
Communication Services	0.9%	3.5%
Healthcare	0.8%	6.2%
Consumer Cyclical	0.7%	5.2%
Energy	0.7%	4.5%
Utilities	0.6%	14.8%
Industrials	0.6%	17.5%
Consumer Defensive	0.6%	17.0%
Technology	0.5%	8.9%
Real Estate	0.3%	4.6%
Basic Materials	0.2%	6.4%

Return for Risk

GLAU.L vs. USDV.L — Risk / Return Rank

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

GLAU.L

GLAU.L Risk / Return Rank: 37
GLAU.L Sharpe Ratio Rank: 36
GLAU.L Sortino Ratio Rank: 37
GLAU.L Omega Ratio Rank: 36
GLAU.L Calmar Ratio Rank: 40
GLAU.L Martin Ratio Rank: 34

USDV.L

USDV.L Risk / Return Rank: 41
USDV.L Sharpe Ratio Rank: 42
USDV.L Sortino Ratio Rank: 43
USDV.L Omega Ratio Rank: 39
USDV.L Calmar Ratio Rank: 43
USDV.L Martin Ratio Rank: 35

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.

GLAU.L vs. USDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (GLAU.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.

	GLAU.L	USDV.L	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.34	-0.06
Sortino ratio: Return per unit of downside risk	1.89	2.05	-0.16
Omega ratio: Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	1.95	1.85	+0.10
Martin ratio: Return relative to average drawdown	5.07	4.63	+0.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLAU.L vs. USDV.L - Sharpe Ratio Comparison

The current GLAU.L Sharpe Ratio is 1.28, which is comparable to the USDV.L Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of GLAU.L and USDV.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.

Sharpe Ratios by Period

	GLAU.L	USDV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	1.34	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.41	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.74	+0.09

Drawdowns

GLAU.L vs. USDV.L - Drawdown Comparison

The maximum GLAU.L drawdown since its inception was -14.72%, smaller than the maximum USDV.L drawdown of -35.73%. Use the drawdown chart below to compare losses from any high point for GLAU.L and USDV.L.

Drawdown Indicators

	GLAU.L	USDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.72%	-35.73%	+21.01%
Max Drawdown (1Y) Largest decline over 1 year	-2.36%	-6.96%	+4.60%
Max Drawdown (3Y) Largest decline over 3 years	-3.11%	-15.11%	+12.00%
Max Drawdown (5Y) Largest decline over 5 years	-14.58%	-15.11%	+0.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.73%	—
Current Drawdown Current decline from peak	-1.01%	-3.75%	+2.74%
Average Drawdown Average peak-to-trough decline	-3.48%	-3.39%	-0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	2.79%	-1.95%

Volatility

GLAU.L vs. USDV.L - Volatility Comparison

The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged (GLAU.L) is 1.56%, while SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) has a volatility of 2.40%. This indicates that GLAU.L experiences smaller price fluctuations and is considered to be less risky than USDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLAU.L	USDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.56%	2.40%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	2.72%	6.87%	-4.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.61%	9.63%	-6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.86%	13.84%	-6.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.03%	15.76%	-8.73%

GLAU.L vs. USDV.L - Expense Ratio Comparison

GLAU.L has a 0.10% expense ratio, which is lower than USDV.L's 0.35% expense ratio.

Dividends

GLAU.L vs. USDV.L - Dividend Comparison

GLAU.L's dividend yield for the trailing twelve months is around 3.15%, more than USDV.L's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLAU.L SPDR Bloomberg Global Aggregate Bond UCITS ETF USD Hedged	3.15%	3.02%	2.71%	2.02%	1.40%	1.21%	1.51%	1.25%	0.89%	0.00%	0.00%	0.00%
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	2.04%	2.20%	1.99%	2.29%	2.11%	2.12%	2.57%	2.65%	2.19%	3.07%	1.65%	2.00%

Frequently Asked Questions

Can I hold both GLAU.L and USDV.L in my portfolio?

GLAU.L and USDV.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLAU.L or USDV.L?

On fees, GLAU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLAU.L or USDV.L?

GLAU.L is cheaper with a 0.10% expense ratio, compared with 0.35% for USDV.L.

What is the main difference between GLAU.L and USDV.L?

GLAU.L is categorized as Global Bonds, while USDV.L is Large Cap Blend Equities. GLAU.L tracks Bloomberg Global Aggregate TR Hdg USD, while USDV.L tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.10% for GLAU.L and 0.35% for USDV.L.