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IUKD.L vs. USDV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUKD.L vs. USDV.L

Last updated Jun 26, 2026

IUKD.L (iShares UK Dividend UCITS ETF) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - IUKD.L is a Dividend fund tracking the FTSE UK Dividend+ Index, 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 10 years, IUKD.L returned 8.34%/yr vs 9.41%/yr for USDV.L. A 0.50 correlation means they provide meaningful diversification when combined. IUKD.L charges 0.40%/yr vs 0.35%/yr for USDV.L.

Performance

IUKD.L vs. USDV.L - Performance Comparison

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

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Different Trading Currencies

IUKD.L is traded in GBp, while USDV.L is traded in GBP. To make them comparable, the USDV.L 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 9.83% return, which is significantly lower than USDV.L's 11.92% return. Over the past 10 years, IUKD.L has underperformed USDV.L with an annualized return of 8.34%, while USDV.L has yielded a comparatively higher 9.41% annualized return.

IUKD.L

1D
0.51%
1M
0.75%
YTD
9.83%
6M
11.02%
1Y
26.57%
3Y*
21.69%
5Y*
12.48%
10Y*
8.34%

USDV.L

1D
0.33%
1M
4.00%
YTD
11.92%
6M
12.84%
1Y
19.94%
3Y*
9.34%
5Y*
7.81%
10Y*
9.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IUKD.L
iShares UK Dividend UCITS ETF		9.83%32.12%12.27%5.81%-1.44%23.43%-17.92%18.86%-14.11%6.92%
USDV.L
SPDR S&P US Dividend Aristocrats UCITS ETF Dis		11.92%1.15%9.34%-3.51%11.56%26.74%-2.72%18.93%1.52%5.36%

Correlation

The correlation between IUKD.L and USDV.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.33

Correlation (3Y)
Calculated over the trailing 3-year period

0.39

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (10Y)
Calculated over the trailing 10-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Oct 14, 2011

0.50

The correlation between IUKD.L and USDV.L shifts across timeframes, from 0.33 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.

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

Sectors
IUKD.L
USDV.L

Financial Services

42.8%
12.0%

Consumer Defensive

14.9%
16.3%

Energy

9.1%
3.1%

Real Estate

8.2%
4.5%

Utilities

7.1%
14.2%

Communication Services

5.9%
2.6%

Basic Materials

5.1%
5.4%

Consumer Cyclical

4.5%
5.1%

Healthcare

2.4%
7.5%

Industrials

-

17.3%

Technology

-

12.1%

Financial Services

IUKD.L
42.8%
USDV.L
12.0%

Consumer Defensive

IUKD.L
14.9%
USDV.L
16.3%

Energy

IUKD.L
9.1%
USDV.L
3.1%

Real Estate

IUKD.L
8.2%
USDV.L
4.5%

Utilities

IUKD.L
7.1%
USDV.L
14.2%

Communication Services

IUKD.L
5.9%
USDV.L
2.6%

Basic Materials

IUKD.L
5.1%
USDV.L
5.4%

Consumer Cyclical

IUKD.L
4.5%
USDV.L
5.1%

Healthcare

IUKD.L
2.4%
USDV.L
7.5%

Industrials

IUKD.L

-

USDV.L
17.3%

Technology

IUKD.L

-

USDV.L
12.1%

Compare stocks, funds, or ETFs

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iShares UK Dividend UCITS ETF

SPDR S&P US Dividend Aristocrats UCITS ETF Dis

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IUKD.L vs. VUKE.LIUKD.L vs. UKDV.LIUKD.L vs. CUKX.LIUKD.L vs. LGEN.LIUKD.L vs. IDVY.LIUKD.L vs. FLGBIUKD.L vs. CPJ1.L
Often compared with USDV.L:
USDV.L vs. SCHDUSDV.L vs. UDVD.LUSDV.L vs. SPYUSDV.L vs. VOOUSDV.L vs. XUHY.LUSDV.L vs. QDIVUSDV.L vs. VUAA.L

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUKD.L
IUKD.L Risk / Return Rank: 7474
Overall Rank
IUKD.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
IUKD.L Sortino Ratio Rank: 8181
Sortino Ratio Rank
IUKD.L Omega Ratio Rank: 8383
Omega Ratio Rank
IUKD.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
IUKD.L Martin Ratio Rank: 6060
Martin Ratio Rank
USDV.L
USDV.L Risk / Return Rank: 6969
Overall Rank
USDV.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
USDV.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
USDV.L Omega Ratio Rank: 7171
Omega Ratio Rank
USDV.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
USDV.L Martin Ratio Rank: 5151
Martin Ratio Rank
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.

IUKD.L vs. USDV.L - 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 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.

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.

IUKD.LUSDV.LDifference
Sharpe ratioReturn per unit of total volatility
2.32
2.08

+0.25

Sortino ratioReturn per unit of downside risk
3.14
3.04

+0.10

Omega ratioGain probability vs. loss probability

1.43

1.36

+0.07

Calmar ratioReturn relative to maximum drawdown

2.67

3.01

-0.34

Martin ratioReturn relative to average drawdown

9.44

7.69

+1.75

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

The current IUKD.L Sharpe Ratio is 2.32, which is comparable to the USDV.L Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of IUKD.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.

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Drawdowns

IUKD.L vs. USDV.L - Drawdown Comparison

The maximum IUKD.L drawdown since its inception was -61.97%, which is greater than USDV.L's maximum drawdown of -37.29%. Use the drawdown chart below to compare losses from any high point for IUKD.L and USDV.L.

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Drawdown Indicators

IUKD.LUSDV.LDifference

Max Drawdown

Largest peak-to-trough decline

-61.97%

-37.29%

-24.68%

Max Drawdown (1Y)

Largest decline over 1 year

-9.92%

-6.60%

-3.32%

Max Drawdown (3Y)

Largest decline over 3 years

-10.52%

-16.30%

+5.78%

Max Drawdown (5Y)

Largest decline over 5 years

-19.93%

-16.30%

-3.63%

Max Drawdown (10Y)

Largest decline over 10 years

-44.34%

-27.79%

-16.55%

Current Drawdown

Current decline from peak

-1.03%

0.00%

-1.03%

Average Drawdown

Average peak-to-trough decline

-15.49%

-7.45%

-8.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.81%

2.59%

+0.22%

Volatility

IUKD.L vs. USDV.L - Volatility Comparison

iShares UK Dividend UCITS ETF (IUKD.L) has a higher volatility of 3.04% compared to SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) at 2.34%. This indicates that IUKD.L's price experiences larger fluctuations and is considered to be riskier than USDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUKD.LUSDV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.04%

2.34%

+0.70%

Volatility (6M)

Calculated over the trailing 6-month period

9.48%

7.13%

+2.35%

Volatility (1Y)

Calculated over the trailing 1-year period

11.42%

9.61%

+1.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.84%

12.79%

+1.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.01%

15.17%

+1.84%

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

IUKD.L has a 0.40% expense ratio, which is higher than USDV.L's 0.35% expense ratio.

Dividends

IUKD.L vs. USDV.L - Dividend Comparison

IUKD.L's dividend yield for the trailing twelve months is around 4.77%, more than USDV.L's 2.01% yield.

PositionTTM20252024202320222021202020192018201720162015
IUKD.L
iShares UK Dividend UCITS ETF		4.77%4.85%5.78%5.34%6.39%5.68%4.11%5.70%6.86%5.19%4.87%5.67%
USDV.L
SPDR S&P US Dividend Aristocrats UCITS ETF Dis		2.01%2.20%1.99%2.28%2.11%2.13%2.57%2.07%2.19%1.85%1.65%2.00%

Frequently Asked Questions

IUKD.L and USDV.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, USDV.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

USDV.L is cheaper with a 0.35% expense ratio, compared with 0.40% for IUKD.L.

IUKD.L is categorized as Dividend, while USDV.L is Large Cap Blend Equities. IUKD.L tracks FTSE UK Dividend+ Index, while USDV.L tracks S&P High Yield Dividend Aristocrats Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for IUKD.L and 0.35% for USDV.L.

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