GLDV.MI vs. URTH
GLDV.MI (SPDR S&P Global Dividend Aristocrats UCITS) and URTH (iShares MSCI World ETF) are both exchange-traded funds - GLDV.MI is a Global Equity Income fund tracking the S&P Global BMI Index, while URTH is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 10 years, GLDV.MI returned 6.33%/yr vs 12.95%/yr for URTH. A 0.52 correlation means they provide meaningful diversification when combined. GLDV.MI charges 0.45%/yr vs 0.24%/yr for URTH.
Performance
GLDV.MI vs. URTH - Performance Comparison
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Different Trading Currencies
GLDV.MI is traded in EUR, while URTH is traded in USD. To make them comparable, the URTH 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 6.85% return, which is significantly lower than URTH's 11.48% return. Over the past 10 years, GLDV.MI has underperformed URTH with an annualized return of 6.33%, while URTH has yielded a comparatively higher 12.95% annualized return.
GLDV.MI
- 1D
- -0.42%
- 1M
- -0.09%
- YTD
- 6.85%
- 6M
- 7.48%
- 1Y
- 14.76%
- 3Y*
- 11.37%
- 5Y*
- 6.43%
- 10Y*
- 6.33%
URTH
- 1D
- -0.53%
- 1M
- 5.39%
- YTD
- 11.48%
- 6M
- 11.49%
- 1Y
- 23.55%
- 3Y*
- 17.61%
- 5Y*
- 12.91%
- 10Y*
- 12.95%
GLDV.MI vs. URTH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS | 6.85% | 4.55% | 14.31% | 3.25% | -1.62% | 25.05% | -16.89% | 22.98% | -4.10% | 4.11% |
URTH iShares MSCI World ETF | 11.48% | 6.96% | 26.49% | 20.23% | -12.88% | 31.42% | 6.24% | 31.04% | -4.27% | 7.84% |
Correlation
The correlation between GLDV.MI and URTH is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2014 | 0.52 |
The correlation between GLDV.MI and URTH shifts across timeframes, from 0.36 (3 years) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLDV.MI vs. URTH — Risk / Return Rank
GLDV.MI
URTH
GLDV.MI vs. URTH - 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 MSCI World ETF (URTH). 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 | URTH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 3.61 | -0.93 |
| Martin ratioReturn relative to average drawdown | 8.62 | 14.81 | -6.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLDV.MI | URTH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.64 | 2.01 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.84 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.76 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.74 | -0.27 |
Drawdowns
GLDV.MI vs. URTH - Drawdown Comparison
The maximum GLDV.MI drawdown since its inception was -41.02%, which is greater than URTH's maximum drawdown of -33.45%. Use the drawdown chart below to compare losses from any high point for GLDV.MI and URTH.
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Drawdown Indicators
| GLDV.MI | URTH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.02% | -33.45% | -7.57% |
Max Drawdown (1Y)Largest decline over 1 year | -5.51% | -6.56% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.81% | -20.94% | +4.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.38% | -20.94% | +2.56% |
Max Drawdown (10Y)Largest decline over 10 years | -41.02% | -33.45% | -7.57% |
Current DrawdownCurrent decline from peak | -1.80% | -0.53% | -1.27% |
Average DrawdownAverage peak-to-trough decline | -6.84% | -4.11% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.59% | +0.12% |
Volatility
GLDV.MI vs. URTH - Volatility Comparison
The current volatility for SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI) is 2.44%, while iShares MSCI World ETF (URTH) has a volatility of 2.65%. This indicates that GLDV.MI experiences smaller price fluctuations and is considered to be less risky than URTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDV.MI | URTH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.44% | 2.65% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.49% | 8.61% | -2.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.04% | 11.81% | -2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.35% | 15.37% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.78% | 17.21% | -2.43% |
GLDV.MI vs. URTH - Expense Ratio Comparison
GLDV.MI has a 0.45% expense ratio, which is higher than URTH's 0.24% expense ratio.
Dividends
GLDV.MI vs. URTH - Dividend Comparison
GLDV.MI's dividend yield for the trailing twelve months is around 3.91%, more than URTH's 1.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS | 3.91% | 4.25% | 3.73% | 4.25% | 4.51% | 3.57% | 3.97% | 3.46% | 5.10% | 3.36% | 3.62% | 3.80% |
URTH iShares MSCI World ETF | 1.35% | 1.48% | 1.47% | 1.70% | 1.68% | 1.50% | 1.52% | 2.16% | 2.30% | 1.88% | 2.15% | 2.35% |
Frequently Asked Questions
GLDV.MI and URTH have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, URTH is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
URTH is cheaper with a 0.24% expense ratio, compared with 0.45% for GLDV.MI.
GLDV.MI is categorized as Global Equity Income, while URTH is Global Equities. GLDV.MI tracks S&P Global BMI Index, while URTH tracks MSCI World Index (Net). They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for GLDV.MI and 0.24% for URTH.
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