IFSU.L vs. UDVD.L

Last updated Jul 16, 2026

IFSU.L (iShares Edge MSCI USA Multifactor UCITS) and UDVD.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both Large Cap Blend Equities funds - IFSU.L tracks the Russell 1000 TR USD while UDVD.L tracks the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, IFSU.L returned 12.55%/yr vs 8.67%/yr for UDVD.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.35% expense ratio.

Performance

IFSU.L vs. UDVD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Edge MSCI USA Multifactor UCITS (IFSU.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFSU.L achieves a 12.81% return, which is significantly higher than UDVD.L's 10.52% return. Over the past 10 years, IFSU.L has outperformed UDVD.L with an annualized return of 12.55%, while UDVD.L has yielded a comparatively lower 8.67% annualized return.

IFSU.L

• 1D: 0.06%
• 1M: 0.93%
• 6M: 13.47%
• YTD: 12.81%
• 1Y: 24.39%
• 3Y*: 19.62%
• 5Y*: 11.84%
• 10Y*: 12.55%

UDVD.L

• 1D: 0.09%
• 1M: 1.02%
• 6M: 6.33%
• YTD: 10.52%
• 1Y: 13.79%
• 3Y*: 10.07%
• 5Y*: 6.86%
• 10Y*: 8.67%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IFSU.L iShares Edge MSCI USA Multifactor UCITS	12.81%	17.93%	22.52%	17.74%	-16.26%	25.25%	10.40%	25.28%	-10.77%	20.67%
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	10.52%	8.57%	7.64%	2.06%	-0.33%	25.05%	0.77%	22.65%	-3.94%	15.73%

Correlation

The correlation between IFSU.L and UDVD.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 4, 2015	0.74

Over the past year, the correlation between IFSU.L and UDVD.L has dropped to 0.32 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

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

Sectors	IFSU.L	UDVD.L
Technology	40.0%	12.1%
Communication Services	11.8%	2.6%
Financial Services	11.5%	12.0%
Consumer Cyclical	10.7%	5.1%
Healthcare	8.7%	7.5%
Industrials	5.0%	17.3%
Consumer Defensive	4.1%	16.3%
Energy	3.7%	3.1%
Utilities	1.9%	14.2%
Basic Materials	1.5%	5.4%
Real Estate	1.2%	4.5%

Return for Risk

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

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

IFSU.L

IFSU.L Risk / Return Rank: 75
IFSU.L Sharpe Ratio Rank: 73
IFSU.L Sortino Ratio Rank: 78
IFSU.L Omega Ratio Rank: 70
IFSU.L Calmar Ratio Rank: 77
IFSU.L Martin Ratio Rank: 78

UDVD.L

UDVD.L Risk / Return Rank: 46
UDVD.L Sharpe Ratio Rank: 49
UDVD.L Sortino Ratio Rank: 51
UDVD.L Omega Ratio Rank: 45
UDVD.L Calmar Ratio Rank: 47
UDVD.L Martin Ratio Rank: 38

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Multifactor UCITS (IFSU.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.

	IFSU.L	UDVD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.40	+0.48
Sortino ratio: Return per unit of downside risk	2.80	2.05	+0.75
Omega ratio: Gain probability vs. loss probability	1.33	1.24	+0.09
Calmar ratio: Return relative to maximum drawdown	3.16	1.94	+1.22
Martin ratio: Return relative to average drawdown	11.66	4.88	+6.78

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

The current IFSU.L Sharpe Ratio is 1.88, which is higher than the UDVD.L Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of IFSU.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

IFSU.L vs. UDVD.L - Drawdown Comparison

The maximum IFSU.L drawdown since its inception was -35.95%, roughly equal to the maximum UDVD.L drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for IFSU.L and UDVD.L.

Drawdown Indicators

	IFSU.L	UDVD.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.95%	-36.12%	+0.17%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	-7.06%	-0.63%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-15.26%	-3.09%
Max Drawdown (5Y) Largest decline over 5 years	-22.85%	-15.26%	-7.59%
Max Drawdown (10Y) Largest decline over 10 years	-35.95%	-36.12%	+0.17%
Current Drawdown Current decline from peak	-0.17%	-1.70%	+1.53%
Average Drawdown Average peak-to-trough decline	-4.81%	-3.42%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	2.82%	-0.73%

Volatility

IFSU.L vs. UDVD.L - Volatility Comparison

The current volatility for iShares Edge MSCI USA Multifactor UCITS (IFSU.L) is 2.87%, while SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L) has a volatility of 3.28%. This indicates that IFSU.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

	IFSU.L	UDVD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	3.28%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	7.29%	+2.31%
Volatility (1Y) Calculated over the trailing 1-year period	12.92%	9.86%	+3.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	13.90%	+2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.69%	15.66%	+1.03%

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

Both IFSU.L and UDVD.L have an expense ratio of 0.35%.

Dividends

IFSU.L vs. UDVD.L - Dividend Comparison

IFSU.L has not paid dividends to shareholders, while UDVD.L's dividend yield for the trailing twelve months is around 2.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFSU.L iShares Edge MSCI USA Multifactor UCITS	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	2.03%	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 IFSU.L and UDVD.L in my portfolio?

IFSU.L and UDVD.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

IFSU.L and UDVD.L have the same expense ratio: 0.35% per year.

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

IFSU.L tracks Russell 1000 TR USD, while UDVD.L tracks S&P High Yield Dividend Aristocrats Index. They also come from different issuers: iShares and State Street.