GLDV.MI vs. IUKD.L

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI) and iShares UK Dividend UCITS ETF (IUKD.L).

GLDV.MI and IUKD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDV.MI is a passively managed fund by State Street that tracks the performance of the S&P Global BMI Index. It was launched on May 14, 2013. IUKD.L is a passively managed fund by iShares that tracks the performance of the FTSE UK Dividend+ Index. It was launched on Nov 4, 2005. Both GLDV.MI and IUKD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GLDV.MI vs. IUKD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI) and iShares UK Dividend UCITS ETF (IUKD.L). The values are adjusted to include any dividend payments, if applicable.

GLDV.MI vs. IUKD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS	4.13%	4.55%	14.31%	3.25%	-1.62%	25.05%	-16.89%	22.98%	-4.10%	4.11%
IUKD.L iShares UK Dividend UCITS ETF	4.65%	25.23%	17.69%	8.05%	-6.52%	31.46%	-22.38%	26.42%	-15.17%	2.71%

Different Trading Currencies

GLDV.MI is traded in EUR, while IUKD.L is traded in GBp. To make them comparable, the IUKD.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, GLDV.MI achieves a 4.13% return, which is significantly lower than IUKD.L's 4.65% return. Over the past 10 years, GLDV.MI has outperformed IUKD.L with an annualized return of 6.37%, while IUKD.L has yielded a comparatively lower 6.05% annualized return.

GLDV.MI

• 1D: 0.49%
• 1M: -3.11%
• YTD: 4.13%
• 6M: 7.37%
• 1Y: 8.29%
• 3Y*: 9.86%
• 5Y*: 6.71%
• 10Y*: 6.37%

IUKD.L

• 1D: 1.83%
• 1M: -4.75%
• YTD: 4.65%
• 6M: 14.37%
• 1Y: 24.07%
• 3Y*: 17.73%
• 5Y*: 12.15%
• 10Y*: 6.05%

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

GLDV.MI vs. IUKD.L - Expense Ratio Comparison

GLDV.MI has a 0.45% expense ratio, which is higher than IUKD.L's 0.40% expense ratio.

GLDV.MI

SPDR S&P Global Dividend Aristocrats UCITS

IUKD.L

iShares UK Dividend UCITS ETF

Return for Risk

GLDV.MI vs. IUKD.L — Risk / Return Rank

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

GLDV.MI

GLDV.MI Risk / Return Rank: 31
GLDV.MI Sharpe Ratio Rank: 34
GLDV.MI Sortino Ratio Rank: 30
GLDV.MI Omega Ratio Rank: 31
GLDV.MI Calmar Ratio Rank: 28
GLDV.MI Martin Ratio Rank: 34

IUKD.L

IUKD.L Risk / Return Rank: 91
IUKD.L Sharpe Ratio Rank: 92
IUKD.L Sortino Ratio Rank: 91
IUKD.L Omega Ratio Rank: 93
IUKD.L Calmar Ratio Rank: 89
IUKD.L Martin Ratio Rank: 89

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.

GLDV.MI vs. IUKD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI) and iShares UK Dividend UCITS ETF (IUKD.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.

	GLDV.MI	IUKD.L	Difference
Sharpe ratio Return per unit of total volatility	0.68	1.60	-0.92
Sortino ratio Return per unit of downside risk	0.95	2.02	-1.07
Omega ratio Gain probability vs. loss probability	1.13	1.33	-0.20
Calmar ratio Return relative to maximum drawdown	0.73	2.41	-1.68
Martin ratio Return relative to average drawdown	3.21	9.48	-6.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLDV.MI vs. IUKD.L - Sharpe Ratio Comparison

The current GLDV.MI Sharpe Ratio is 0.68, which is lower than the IUKD.L Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of GLDV.MI and IUKD.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GLDV.MI	IUKD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	1.60	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.81	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.31	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.11	+0.36

Correlation

The correlation between GLDV.MI and IUKD.L is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

GLDV.MI vs. IUKD.L - Dividend Comparison

GLDV.MI's dividend yield for the trailing twelve months is around 4.02%, less than IUKD.L's 4.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS	4.02%	4.25%	3.73%	4.25%	4.51%	3.57%	3.97%	3.46%	5.10%	3.36%	3.62%	3.80%
IUKD.L iShares UK Dividend UCITS ETF	4.66%	4.85%	5.78%	5.34%	6.39%	5.68%	4.11%	5.70%	6.86%	5.19%	4.87%	5.67%

Drawdowns

GLDV.MI vs. IUKD.L - Drawdown Comparison

The maximum GLDV.MI drawdown since its inception was -41.02%, smaller than the maximum IUKD.L drawdown of -71.41%. Use the drawdown chart below to compare losses from any high point for GLDV.MI and IUKD.L.

Drawdown Indicators

	GLDV.MI	IUKD.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.02%	-61.95%	+20.93%
Max Drawdown (1Y) Largest decline over 1 year	-11.32%	-9.92%	-1.40%
Max Drawdown (5Y) Largest decline over 5 years	-18.38%	-19.93%	+1.55%
Max Drawdown (10Y) Largest decline over 10 years	-41.02%	-44.34%	+3.32%
Current Drawdown Current decline from peak	-3.81%	-6.08%	+2.27%
Average Drawdown Average peak-to-trough decline	-6.91%	-15.07%	+8.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.51%	+0.07%

Volatility

GLDV.MI vs. IUKD.L - Volatility Comparison

The current volatility for SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI) is 3.02%, while iShares UK Dividend UCITS ETF (IUKD.L) has a volatility of 5.53%. This indicates that GLDV.MI experiences smaller price fluctuations and is considered to be less risky than IUKD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLDV.MI	IUKD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	5.53%	-2.51%
Volatility (6M) Calculated over the trailing 6-month period	6.67%	9.12%	-2.45%
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	15.00%	-2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.38%	15.08%	-2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.86%	19.49%	-4.63%