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MVEA.L vs. UDVD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MVEA.L vs. UDVD.L

Last updated Jun 5, 2026

MVEA.L (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) and UDVD.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both Large Cap Blend Equities funds - MVEA.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 5 years, MVEA.L returned 7.01%/yr vs 6.80%/yr for UDVD.L. A 0.71 correlation means they provide meaningful diversification when combined. MVEA.L charges 0.20%/yr vs 0.35%/yr for UDVD.L.

Performance

MVEA.L vs. UDVD.L - Performance Comparison

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

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Different Trading Currencies

MVEA.L is traded in GBP, while UDVD.L is traded in USD. To make them comparable, the UDVD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, MVEA.L achieves a 1.73% return, which is significantly lower than UDVD.L's 7.43% return.

MVEA.L

1D
0.03%
1M
3.05%
YTD
1.73%
6M
1.61%
1Y
3.60%
3Y*
6.81%
5Y*
7.01%
10Y*
—

UDVD.L

1D
0.11%
1M
1.72%
YTD
7.43%
6M
7.06%
1Y
13.99%
3Y*
6.98%
5Y*
6.80%
10Y*
9.63%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
MVEA.L
iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF		1.73%-2.72%14.94%6.35%-1.55%26.04%0.75%
UDVD.L
SPDR S&P US Dividend Aristocrats UCITS ETF Dis		7.43%0.84%9.52%-3.04%11.52%26.22%5.06%

Correlation

The correlation between MVEA.L and UDVD.L is 0.67, 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

0.67

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

0.73

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

0.73

Correlation (All Time)
Calculated using the full available price history since Jul 20, 2020

0.71

The correlation between MVEA.L and UDVD.L has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.

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

Sectors
MVEA.L
UDVD.L

Technology

30.2%
8.9%

Healthcare

15.0%
6.2%

Financial Services

12.7%
11.5%

Consumer Defensive

9.3%
17.0%

Consumer Cyclical

6.6%
5.2%

Communication Services

6.2%
3.5%

Industrials

5.7%
17.5%

Utilities

4.7%
14.8%

Energy

3.4%
4.5%

Basic Materials

3.2%
6.4%

Real Estate

3.1%
4.6%

Technology

MVEA.L
30.2%
UDVD.L
8.9%

Healthcare

MVEA.L
15.0%
UDVD.L
6.2%

Financial Services

MVEA.L
12.7%
UDVD.L
11.5%

Consumer Defensive

MVEA.L
9.3%
UDVD.L
17.0%

Consumer Cyclical

MVEA.L
6.6%
UDVD.L
5.2%

Communication Services

MVEA.L
6.2%
UDVD.L
3.5%

Industrials

MVEA.L
5.7%
UDVD.L
17.5%

Utilities

MVEA.L
4.7%
UDVD.L
14.8%

Energy

MVEA.L
3.4%
UDVD.L
4.5%

Basic Materials

MVEA.L
3.2%
UDVD.L
6.4%

Real Estate

MVEA.L
3.1%
UDVD.L
4.6%

Compare stocks, funds, or ETFs

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iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF

SPDR S&P US Dividend Aristocrats UCITS ETF Dis

Often compared with MVEA.L:
MVEA.L vs. MVUS.LMVEA.L vs. MINV.LMVEA.L vs. XDEQ.LMVEA.L vs. FLXU.LMVEA.L vs. MXUD.LMVEA.L vs. XMUS.LMVEA.L vs. XZMD.L
Often compared with UDVD.L:
UDVD.L vs. SCHDUDVD.L vs. USDV.LUDVD.L vs. VHYD.LUDVD.L vs. JEPQUDVD.L vs. VWRD.LUDVD.L vs. WQDV.LUDVD.L vs. DGRO

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MVEA.L
MVEA.L Risk / Return Rank: 1616
Overall Rank
MVEA.L Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
MVEA.L Sortino Ratio Rank: 1515
Sortino Ratio Rank
MVEA.L Omega Ratio Rank: 1515
Omega Ratio Rank
MVEA.L Calmar Ratio Rank: 1717
Calmar Ratio Rank
MVEA.L Martin Ratio Rank: 1717
Martin Ratio Rank
UDVD.L
UDVD.L Risk / Return Rank: 3636
Overall Rank
UDVD.L Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
UDVD.L Sortino Ratio Rank: 3939
Sortino Ratio Rank
UDVD.L Omega Ratio Rank: 3535
Omega Ratio Rank
UDVD.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
UDVD.L Martin Ratio Rank: 3232
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.

MVEA.LUDVD.LDifference
Sharpe ratioReturn per unit of total volatility
0.42
1.29

-0.87

Sortino ratioReturn per unit of downside risk
0.65
1.83

-1.18

Omega ratioGain probability vs. loss probability

1.08

1.22

-0.15

Calmar ratioReturn relative to maximum drawdown

0.66

2.15

-1.49

Martin ratioReturn relative to average drawdown

1.64

5.62

-3.98

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current MVEA.L Sharpe Ratio is 0.42, which is lower than the UDVD.L Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of MVEA.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.

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Sharpe Ratios by Period

MVEA.LUDVD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.42

1.29

-0.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.49

+0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.60

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.62

0.77

-0.15

Drawdowns

MVEA.L vs. UDVD.L - Drawdown Comparison

The maximum MVEA.L drawdown since its inception was -14.36%, smaller than the maximum UDVD.L drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for MVEA.L and UDVD.L.

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Drawdown Indicators

MVEA.LUDVD.LDifference

Max Drawdown

Largest peak-to-trough decline

-14.36%

-28.19%

+13.83%

Max Drawdown (1Y)

Largest decline over 1 year

-5.43%

-6.47%

+1.04%

Max Drawdown (3Y)

Largest decline over 3 years

-14.36%

-16.57%

+2.21%

Max Drawdown (5Y)

Largest decline over 5 years

-14.36%

-16.57%

+2.21%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.19%

—

Current Drawdown

Current decline from peak

-6.95%

-3.26%

-3.69%

Average Drawdown

Average peak-to-trough decline

-4.43%

-4.22%

-0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.19%

2.48%

-0.29%

Volatility

MVEA.L vs. UDVD.L - Volatility Comparison

iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L) have volatilities of 2.87% and 3.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MVEA.LUDVD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.87%

3.00%

-0.13%

Volatility (6M)

Calculated over the trailing 6-month period

6.11%

8.23%

-2.12%

Volatility (1Y)

Calculated over the trailing 1-year period

8.60%

10.81%

-2.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.61%

13.76%

-2.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

11.94%

16.06%

-4.12%

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

MVEA.L has a 0.20% expense ratio, which is lower than UDVD.L's 0.35% expense ratio.

Dividends

MVEA.L vs. UDVD.L - Dividend Comparison

MVEA.L has not paid dividends to shareholders, while UDVD.L's dividend yield for the trailing twelve months is around 2.05%.

PositionTTM20252024202320222021202020192018201720162015
MVEA.L
iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF		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		2.05%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

MVEA.L and UDVD.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MVEA.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MVEA.L is cheaper with a 0.20% expense ratio, compared with 0.35% for UDVD.L.

MVEA.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. Their fees differ too: 0.20% for MVEA.L and 0.35% for UDVD.L.

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