SMT.L vs. VALW.L
Compare and contrast key facts about Scottish Mortgage Investment Trust plc (SMT.L) and SPDR MSCI World Value UCITS ETF (VALW.L).
SMT.L and VALW.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMT.L is an actively managed fund by Baillie Gifford Funds. It was launched on Mar 31, 2023. VALW.L is a passively managed fund by State Street that tracks the performance of the MSCI ACWI Value NR USD. It was launched on Sep 2, 2020.
Performance
SMT.L vs. VALW.L - Performance Comparison
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SMT.L vs. VALW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMT.L Scottish Mortgage Investment Trust plc | 0.42% | 24.72% | 18.75% | 12.46% | -45.71% | 10.46% | 25.46% |
VALW.L SPDR MSCI World Value UCITS ETF | 2.55% | 27.01% | 5.92% | 16.43% | 0.09% | 20.68% | -18.17% |
Different Trading Currencies
SMT.L is traded in GBp, while VALW.L is traded in GBP. To make them comparable, the VALW.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, SMT.L achieves a 0.42% return, which is significantly lower than VALW.L's 2.55% return.
SMT.L
- 1D
- 1.36%
- 1M
- -3.76%
- YTD
- 0.42%
- 6M
- 4.86%
- 1Y
- 26.79%
- 3Y*
- 21.23%
- 5Y*
- 0.91%
- 10Y*
- 16.93%
VALW.L
- 1D
- 0.27%
- 1M
- -5.99%
- YTD
- 2.55%
- 6M
- 12.45%
- 1Y
- 27.38%
- 3Y*
- 15.66%
- 5Y*
- 11.80%
- 10Y*
- —
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SMT.L vs. VALW.L - Expense Ratio Comparison
SMT.L has a 0.31% expense ratio, which is higher than VALW.L's 0.25% expense ratio.
Return for Risk
SMT.L vs. VALW.L — Risk / Return Rank
SMT.L
VALW.L
SMT.L vs. VALW.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Scottish Mortgage Investment Trust plc (SMT.L) and SPDR MSCI World Value UCITS ETF (VALW.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.
| SMT.L | VALW.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.95 | -0.72 |
Sortino ratioReturn per unit of downside risk | 1.77 | 2.49 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.39 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.47 | -0.56 |
Martin ratioReturn relative to average drawdown | 6.19 | 10.82 | -4.63 |
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
| SMT.L | VALW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.95 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | 0.94 | -0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.52 | +0.01 |
Correlation
The correlation between SMT.L and VALW.L is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SMT.L vs. VALW.L - Dividend Comparison
SMT.L's dividend yield for the trailing twelve months is around 0.37%, while VALW.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMT.L Scottish Mortgage Investment Trust plc | 0.37% | 0.37% | 0.44% | 0.51% | 0.51% | 0.26% | 0.27% | 0.54% | 0.66% | 0.67% | 0.93% | 1.05% |
VALW.L SPDR MSCI World Value 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% |
Drawdowns
SMT.L vs. VALW.L - Drawdown Comparison
The maximum SMT.L drawdown since its inception was -62.61%, which is greater than VALW.L's maximum drawdown of -28.59%. Use the drawdown chart below to compare losses from any high point for SMT.L and VALW.L.
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Drawdown Indicators
| SMT.L | VALW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.61% | -28.59% | -34.02% |
Max Drawdown (1Y)Largest decline over 1 year | -14.26% | -11.08% | -3.18% |
Max Drawdown (5Y)Largest decline over 5 years | -60.11% | -14.24% | -45.87% |
Max Drawdown (10Y)Largest decline over 10 years | -60.11% | — | — |
Current DrawdownCurrent decline from peak | -21.23% | -5.99% | -15.24% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -4.65% | -11.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.46% | +1.71% |
Volatility
SMT.L vs. VALW.L - Volatility Comparison
Scottish Mortgage Investment Trust plc (SMT.L) has a higher volatility of 8.11% compared to SPDR MSCI World Value UCITS ETF (VALW.L) at 5.57%. This indicates that SMT.L's price experiences larger fluctuations and is considered to be riskier than VALW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMT.L | VALW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.11% | 5.57% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 15.06% | 9.01% | +6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.75% | 14.02% | +7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.89% | 12.55% | +17.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.63% | 16.72% | +11.91% |