IUKD.L vs. GLDV.MI
IUKD.L (iShares UK Dividend UCITS ETF) and GLDV.MI (SPDR S&P Global Dividend Aristocrats UCITS) are both exchange-traded funds - IUKD.L is a Dividend fund tracking the FTSE UK Dividend+ Index, while GLDV.MI is a Global Equity Income fund tracking the S&P Global BMI Index. Both are passively managed. Over the past 10 years, IUKD.L returned 7.03%/yr vs 7.26%/yr for GLDV.MI. A 0.65 correlation means they provide meaningful diversification when combined. IUKD.L charges 0.40%/yr vs 0.45%/yr for GLDV.MI.
Performance
IUKD.L vs. GLDV.MI - Performance Comparison
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Different Trading Currencies
IUKD.L is traded in GBp, while GLDV.MI is traded in EUR. To make them comparable, the GLDV.MI values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IUKD.L achieves a 7.22% return, which is significantly higher than GLDV.MI's 6.55% return. Both investments have delivered pretty close results over the past 10 years, with IUKD.L having a 7.03% annualized return and GLDV.MI not far ahead at 7.26%.
IUKD.L
- 1D
- 0.49%
- 1M
- 1.90%
- YTD
- 7.22%
- 6M
- 9.76%
- 1Y
- 24.68%
- 3Y*
- 18.89%
- 5Y*
- 11.88%
- 10Y*
- 7.03%
GLDV.MI
- 1D
- 0.64%
- 1M
- -0.36%
- YTD
- 6.55%
- 6M
- 6.98%
- 1Y
- 18.73%
- 3Y*
- 11.77%
- 5Y*
- 6.69%
- 10Y*
- 7.26%
IUKD.L vs. GLDV.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUKD.L iShares UK Dividend UCITS ETF | 7.22% | 32.12% | 12.27% | 5.81% | -1.44% | 23.43% | -17.92% | 18.86% | -14.11% | 6.92% |
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS | 6.55% | 9.99% | 9.32% | 1.19% | 3.77% | 16.23% | -12.20% | 16.58% | -2.75% | 8.56% |
Correlation
The correlation between IUKD.L and GLDV.MI is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2014 | 0.65 |
The correlation between IUKD.L and GLDV.MI has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.
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Return for Risk
IUKD.L vs. GLDV.MI — Risk / Return Rank
IUKD.L
GLDV.MI
IUKD.L vs. GLDV.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Dividend UCITS ETF (IUKD.L) and SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI). 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.
| IUKD.L | GLDV.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.38 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.99 | -0.52 |
| Martin ratioReturn relative to average drawdown | 8.97 | 9.98 | -1.01 |
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
| IUKD.L | GLDV.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.08 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.55 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.50 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.53 | -0.25 |
Drawdowns
IUKD.L vs. GLDV.MI - Drawdown Comparison
The maximum IUKD.L drawdown since its inception was -61.95%, which is greater than GLDV.MI's maximum drawdown of -34.39%. Use the drawdown chart below to compare losses from any high point for IUKD.L and GLDV.MI.
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Drawdown Indicators
| IUKD.L | GLDV.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.95% | -34.39% | -27.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -6.21% | -3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -10.52% | -14.80% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -16.10% | -3.83% |
Max Drawdown (10Y)Largest decline over 10 years | -44.34% | -34.39% | -9.95% |
Current DrawdownCurrent decline from peak | -3.39% | -1.55% | -1.84% |
Average DrawdownAverage peak-to-trough decline | -14.97% | -5.53% | -9.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 1.86% | +0.88% |
Volatility
IUKD.L vs. GLDV.MI - Volatility Comparison
iShares UK Dividend UCITS ETF (IUKD.L) has a higher volatility of 3.72% compared to SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI) at 2.41%. This indicates that IUKD.L's price experiences larger fluctuations and is considered to be riskier than GLDV.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUKD.L | GLDV.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 2.41% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 6.84% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 8.95% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 12.15% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 14.54% | +2.68% |
IUKD.L vs. GLDV.MI - Expense Ratio Comparison
IUKD.L has a 0.40% expense ratio, which is lower than GLDV.MI's 0.45% expense ratio.
Dividends
IUKD.L vs. GLDV.MI - Dividend Comparison
IUKD.L's dividend yield for the trailing twelve months is around 4.53%, more than GLDV.MI's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS | 3.89% | 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 | 4.53% | 4.85% | 5.78% | 5.34% | 6.39% | 5.68% | 4.11% | 5.70% | 6.86% | 5.19% | 4.87% | 5.67% |
Frequently Asked Questions
IUKD.L and GLDV.MI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUKD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUKD.L is cheaper with a 0.40% expense ratio, compared with 0.45% for GLDV.MI.
IUKD.L is categorized as Dividend, while GLDV.MI is Global Equity Income. IUKD.L tracks FTSE UK Dividend+ Index, while GLDV.MI tracks S&P Global BMI Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for IUKD.L and 0.45% for GLDV.MI.
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