SPYL.L vs. UKDV.L

Last updated Jul 16, 2026

SPYL.L (SPDR S&P 500 UCITS ETF USD Acc) and UKDV.L (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - SPYL.L is a S&P 500 fund tracking the S&P 500, while UKDV.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past year, SPYL.L returned 21.76% vs 19.23% for UKDV.L. At a 0.50 correlation, their price movements are largely independent. SPYL.L charges 0.03%/yr vs 0.30%/yr for UKDV.L.

Performance

SPYL.L vs. UKDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) and SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, SPYL.L achieves a 10.27% return, which is significantly lower than UKDV.L's 11.42% return.

SPYL.L

• 1D: 0.27%
• 1M: 0.05%
• 6M: 9.88%
• YTD: 10.27%
• 1Y: 21.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UKDV.L

• 1D: 1.37%
• 1M: 5.69%
• 6M: 9.12%
• YTD: 11.42%
• 1Y: 19.23%
• 3Y*: 15.98%
• 5Y*: 6.89%
• 10Y*: 4.93%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYL.L vs. UKDV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPYL.L SPDR S&P 500 UCITS ETF USD Acc	10.27%	17.38%	25.35%	14.40%
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)	11.42%	25.71%	8.51%	18.42%

Correlation

The correlation between SPYL.L and UKDV.L is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023	0.50

The correlation between SPYL.L and UKDV.L has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.

SPYL.L vs. UKDV.L - Sectors Allocation Comparison

Sectors	SPYL.L	UKDV.L
Technology	39.1%	1.2%
Financial Services	11.1%	23.8%
Communication Services	10.8%	3.0%
Consumer Cyclical	9.9%	6.8%
Healthcare	8.4%	8.2%
Industrials	7.8%	23.7%
Consumer Defensive	4.5%	10.9%
Energy	3.2%	-
Utilities	2.1%	4.9%
Real Estate	1.8%	13.6%
Basic Materials	1.3%	3.9%

Return for Risk

SPYL.L vs. UKDV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYL.L

SPYL.L Risk / Return Rank: 71
SPYL.L Sharpe Ratio Rank: 70
SPYL.L Sortino Ratio Rank: 76
SPYL.L Omega Ratio Rank: 68
SPYL.L Calmar Ratio Rank: 66
SPYL.L Martin Ratio Rank: 73

UKDV.L

UKDV.L Risk / Return Rank: 43
UKDV.L Sharpe Ratio Rank: 45
UKDV.L Sortino Ratio Rank: 44
UKDV.L Omega Ratio Rank: 43
UKDV.L Calmar Ratio Rank: 41
UKDV.L Martin Ratio Rank: 44

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.

SPYL.L vs. UKDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) and SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.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.

	SPYL.L	UKDV.L	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.22	+0.59
Sortino ratio: Return per unit of downside risk	2.72	1.80	+0.91
Omega ratio: Gain probability vs. loss probability	1.32	1.22	+0.11
Calmar ratio: Return relative to maximum drawdown	2.66	1.60	+1.06
Martin ratio: Return relative to average drawdown	10.73	5.39	+5.33

SPYL.L vs. UKDV.L - Sharpe Ratio Comparison

The current SPYL.L Sharpe Ratio is 1.81, which is higher than the UKDV.L Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of SPYL.L and UKDV.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.

Drawdowns

SPYL.L vs. UKDV.L - Drawdown Comparison

The maximum SPYL.L drawdown since its inception was -20.80%, smaller than the maximum UKDV.L drawdown of -47.83%. Use the drawdown chart below to compare losses from any high point for SPYL.L and UKDV.L.

Drawdown Indicators

	SPYL.L	UKDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.80%	-47.83%	+27.03%
Max Drawdown (1Y) Largest decline over 1 year	-8.14%	-12.00%	+3.86%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.27%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.87%	—
Current Drawdown Current decline from peak	-0.59%	0.00%	-0.59%
Average Drawdown Average peak-to-trough decline	-1.79%	-13.09%	+11.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	3.56%	-1.54%

Volatility

SPYL.L vs. UKDV.L - Volatility Comparison

The current volatility for SPDR S&P 500 UCITS ETF USD Acc (SPYL.L) is 2.76%, while SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) has a volatility of 4.56%. This indicates that SPYL.L experiences smaller price fluctuations and is considered to be less risky than UKDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYL.L	UKDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	4.56%	-1.80%
Volatility (6M) Calculated over the trailing 6-month period	9.23%	13.39%	-4.16%
Volatility (1Y) Calculated over the trailing 1-year period	11.96%	15.71%	-3.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.55%	17.98%	+6.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.55%	18.88%	+5.67%

SPYL.L vs. UKDV.L - Expense Ratio Comparison

SPYL.L has a 0.03% expense ratio, which is lower than UKDV.L's 0.30% expense ratio.

Dividends

SPYL.L vs. UKDV.L - Dividend Comparison

SPYL.L has not paid dividends to shareholders, while UKDV.L's dividend yield for the trailing twelve months is around 3.30%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYL.L SPDR S&P 500 UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UKDV.L SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)	3.30%	3.65%	3.40%	3.65%	4.54%	3.64%	3.27%	4.05%	4.67%	3.78%	4.28%	3.99%

Frequently Asked Questions

Can I hold both SPYL.L and UKDV.L in my portfolio?

SPYL.L and UKDV.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYL.L or UKDV.L?

On fees, SPYL.L is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYL.L or UKDV.L?

SPYL.L is cheaper with a 0.03% expense ratio, compared with 0.30% for UKDV.L.

What is the main difference between SPYL.L and UKDV.L?

SPYL.L is categorized as S&P 500, while UKDV.L is Europe Equities. SPYL.L tracks S&P 500, while UKDV.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.03% for SPYL.L and 0.30% for UKDV.L.