R1VL.L vs. UVAL.L
R1VL.L (iShares Russell 1000 Value UCITS ETF USD (Acc)) and UVAL.L (SPDR MSCI USA Value Weighted UCITS ETF) are both Large Cap Value Equities funds - R1VL.L tracks the Russell 1000 Value UCITS 30/18 Capped Net Tax 15% Index while UVAL.L tracks the Russell 1000 Value TR USD. Both are passively managed. Over the past 3 years, R1VL.L returned 17.93%/yr vs 22.31%/yr for UVAL.L. Their correlation of 0.80 suggests significant overlap in exposure. R1VL.L charges 0.18%/yr vs 0.20%/yr for UVAL.L.
Performance
R1VL.L vs. UVAL.L - Performance Comparison
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Different Trading Currencies
R1VL.L is traded in USD, while UVAL.L is traded in GBP. To make them comparable, the UVAL.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, R1VL.L achieves a 18.42% return, which is significantly lower than UVAL.L's 24.48% return.
R1VL.L
- 1D
- 0.79%
- 1M
- 2.24%
- 6M
- 14.11%
- YTD
- 18.42%
- 1Y
- 30.51%
- 3Y*
- 17.93%
- 5Y*
- —
- 10Y*
- —
UVAL.L
- 1D
- 0.25%
- 1M
- -1.26%
- 6M
- 20.26%
- YTD
- 24.48%
- 1Y
- 50.25%
- 3Y*
- 22.31%
- 5Y*
- 12.27%
- 10Y*
- 12.19%
R1VL.L vs. UVAL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
R1VL.L iShares Russell 1000 Value UCITS ETF USD (Acc) | 18.42% | 16.01% | 13.45% | 6.43% |
UVAL.L SPDR MSCI USA Value Weighted UCITS ETF | 24.48% | 28.95% | 4.78% | 11.52% |
Correlation
The correlation between R1VL.L and UVAL.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.80 |
The correlation between R1VL.L and UVAL.L has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
R1VL.L vs. UVAL.L — Risk / Return Rank
R1VL.L
UVAL.L
R1VL.L vs. UVAL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value UCITS ETF USD (Acc) (R1VL.L) and SPDR MSCI USA Value Weighted UCITS ETF (UVAL.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.
| R1VL.L | UVAL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.59 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | 6.71 | -1.46 |
| Martin ratioReturn relative to average drawdown | 19.65 | 20.07 | -0.42 |
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Drawdowns
R1VL.L vs. UVAL.L - Drawdown Comparison
The maximum R1VL.L drawdown since its inception was -16.43%, smaller than the maximum UVAL.L drawdown of -45.37%. Use the drawdown chart below to compare losses from any high point for R1VL.L and UVAL.L.
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Drawdown Indicators
| R1VL.L | UVAL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -45.37% | +28.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -7.45% | +1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.43% | -19.48% | +3.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.10% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.21% | +5.21% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -15.71% | +13.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.50% | -0.95% |
Volatility
R1VL.L vs. UVAL.L - Volatility Comparison
The current volatility for iShares Russell 1000 Value UCITS ETF USD (Acc) (R1VL.L) is 2.62%, while SPDR MSCI USA Value Weighted UCITS ETF (UVAL.L) has a volatility of 3.80%. This indicates that R1VL.L experiences smaller price fluctuations and is considered to be less risky than UVAL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| R1VL.L | UVAL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.80% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 7.94% | 11.54% | -3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.52% | 14.68% | -4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.61% | 21.74% | -9.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.61% | 23.10% | -10.49% |
R1VL.L vs. UVAL.L - Expense Ratio Comparison
R1VL.L has a 0.18% expense ratio, which is lower than UVAL.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
R1VL.L vs. UVAL.L - Dividend Comparison
Neither R1VL.L nor UVAL.L has paid dividends to shareholders.
Frequently Asked Questions
R1VL.L and UVAL.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, R1VL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
R1VL.L is cheaper with a 0.18% expense ratio, compared with 0.20% for UVAL.L.
R1VL.L tracks Russell 1000 Value UCITS 30/18 Capped Net Tax 15% Index, while UVAL.L tracks Russell 1000 Value TR USD. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for R1VL.L and 0.20% for UVAL.L.
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