SEMH.L vs. UDVD.L
SEMH.L (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) and UDVD.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - SEMH.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD, while UDVD.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, SEMH.L returned 3.24%/yr vs 9.63%/yr for UDVD.L. At a 0.31 correlation, their price movements are largely independent. SEMH.L charges 0.42%/yr vs 0.35%/yr for UDVD.L.
Performance
SEMH.L vs. UDVD.L - Performance Comparison
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Different Trading Currencies
SEMH.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, SEMH.L achieves a 1.29% return, which is significantly lower than UDVD.L's 7.43% return. Over the past 10 years, SEMH.L has underperformed UDVD.L with an annualized return of 3.24%, while UDVD.L has yielded a comparatively higher 9.63% annualized return.
SEMH.L
- 1D
- 0.05%
- 1M
- 1.18%
- YTD
- 1.29%
- 6M
- 0.87%
- 1Y
- 6.51%
- 3Y*
- 3.36%
- 5Y*
- 3.33%
- 10Y*
- 3.24%
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%
SEMH.L vs. UDVD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEMH.L SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 1.29% | 0.53% | 6.47% | 0.40% | 4.24% | 0.98% | -1.05% | 2.26% | 5.87% | -5.55% |
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 7.43% | 0.84% | 9.52% | -3.04% | 11.52% | 26.22% | -2.19% | 18.00% | 1.76% | 5.70% |
Correlation
The correlation between SEMH.L and UDVD.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2014 | 0.31 |
The correlation between SEMH.L and UDVD.L shifts across timeframes, from 0.18 (5 years) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SEMH.L vs. UDVD.L — Risk / Return Rank
SEMH.L
UDVD.L
SEMH.L vs. UDVD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (SEMH.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.
| SEMH.L | UDVD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.15 | -0.62 |
| Martin ratioReturn relative to average drawdown | 4.17 | 5.62 | -1.44 |
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
| SEMH.L | UDVD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.29 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.49 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.60 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.77 | -0.34 |
Drawdowns
SEMH.L vs. UDVD.L - Drawdown Comparison
The maximum SEMH.L drawdown since its inception was -13.63%, smaller than the maximum UDVD.L drawdown of -28.19%. Use the drawdown chart below to compare losses from any high point for SEMH.L and UDVD.L.
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Drawdown Indicators
| SEMH.L | UDVD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.63% | -28.19% | +14.56% |
Max Drawdown (1Y)Largest decline over 1 year | -4.24% | -6.47% | +2.23% |
Max Drawdown (3Y)Largest decline over 3 years | -8.07% | -16.57% | +8.50% |
Max Drawdown (5Y)Largest decline over 5 years | -13.61% | -16.57% | +2.96% |
Max Drawdown (10Y)Largest decline over 10 years | -13.63% | -28.19% | +14.56% |
Current DrawdownCurrent decline from peak | -1.48% | -3.26% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -4.22% | -1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 2.48% | -0.92% |
Volatility
SEMH.L vs. UDVD.L - Volatility Comparison
The current volatility for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (SEMH.L) is 1.65%, while SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L) has a volatility of 3.00%. This indicates that SEMH.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.
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Volatility by Period
| SEMH.L | UDVD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 3.00% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 8.23% | -4.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 10.81% | -4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.64% | 13.76% | -6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.93% | 16.06% | -7.13% |
SEMH.L vs. UDVD.L - Expense Ratio Comparison
SEMH.L has a 0.42% expense ratio, which is higher than UDVD.L's 0.35% expense ratio.
Dividends
SEMH.L vs. UDVD.L - Dividend Comparison
SEMH.L's dividend yield for the trailing twelve months is around 4.84%, more than UDVD.L's 2.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SEMH.L SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 4.84% | 4.97% | 4.24% | 3.18% | 2.39% | 2.72% | 3.42% | 3.52% | 2.69% | 3.13% | 2.55% | 1.76% |
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
SEMH.L and UDVD.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UDVD.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UDVD.L is cheaper with a 0.35% expense ratio, compared with 0.42% for SEMH.L.
SEMH.L is categorized as Emerging Markets Bonds, while UDVD.L is Large Cap Blend Equities. SEMH.L tracks JPM EMBI Global Diversified TR USD, while UDVD.L tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.42% for SEMH.L and 0.35% for UDVD.L.
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