TSY3.L vs. USDV.L
TSY3.L (SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - TSY3.L is a Government Bonds fund tracking the Bloomberg US 1-3 Year Treasury Bond Index, while USDV.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, TSY3.L returned 2.44%/yr vs 9.84%/yr for USDV.L. At a 0.32 correlation, their price movements are largely independent. TSY3.L charges 0.05%/yr vs 0.35%/yr for USDV.L.
Performance
TSY3.L vs. USDV.L - Performance Comparison
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Returns By Period
In the year-to-date period, TSY3.L achieves a 0.72% return, which is significantly lower than USDV.L's 7.22% return. Over the past 10 years, TSY3.L has underperformed USDV.L with an annualized return of 2.44%, while USDV.L has yielded a comparatively higher 9.84% annualized return.
TSY3.L
- 1D
- 0.10%
- 1M
- 1.10%
- YTD
- 0.72%
- 6M
- 0.32%
- 1Y
- 4.44%
- 3Y*
- 1.49%
- 5Y*
- 2.87%
- 10Y*
- 2.44%
USDV.L
- 1D
- 0.13%
- 1M
- 1.76%
- YTD
- 7.22%
- 6M
- 7.16%
- 1Y
- 14.02%
- 3Y*
- 6.93%
- 5Y*
- 6.79%
- 10Y*
- 9.84%
TSY3.L vs. USDV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSY3.L SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF | 0.72% | -2.00% | 5.79% | -1.65% | 7.59% | 0.51% | -0.46% | 0.22% | 7.27% | -8.65% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 7.22% | 1.15% | 9.34% | -3.52% | 11.58% | 26.74% | -2.72% | 19.69% | 1.49% | 6.73% |
Correlation
The correlation between TSY3.L and USDV.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2013 | 0.32 |
The correlation between TSY3.L and USDV.L shifts across timeframes, from 0.18 (5 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSY3.L vs. USDV.L — Risk / Return Rank
TSY3.L
USDV.L
TSY3.L vs. USDV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF (TSY3.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.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.
| TSY3.L | USDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 2.12 | -1.13 |
| Martin ratioReturn relative to average drawdown | 2.50 | 5.42 | -2.92 |
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
| TSY3.L | USDV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 1.44 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.53 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.64 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.84 | -0.53 |
Drawdowns
TSY3.L vs. USDV.L - Drawdown Comparison
The maximum TSY3.L drawdown since its inception was -18.75%, smaller than the maximum USDV.L drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for TSY3.L and USDV.L.
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Drawdown Indicators
| TSY3.L | USDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.75% | -27.80% | +9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -6.60% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -8.92% | -16.30% | +7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -16.38% | -16.30% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -18.75% | -27.80% | +9.05% |
Current DrawdownCurrent decline from peak | -7.69% | -3.68% | -4.01% |
Average DrawdownAverage peak-to-trough decline | -7.81% | -4.14% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.58% | -0.81% |
Volatility
TSY3.L vs. USDV.L - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF (TSY3.L) is 1.67%, while SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) has a volatility of 2.53%. This indicates that TSY3.L experiences smaller price fluctuations and is considered to be less risky than USDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSY3.L | USDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 2.53% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 7.19% | -2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.14% | 9.69% | -3.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.21% | 12.78% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.29% | 15.33% | -6.04% |
TSY3.L vs. USDV.L - Expense Ratio Comparison
TSY3.L has a 0.05% expense ratio, which is lower than USDV.L's 0.35% expense ratio.
Dividends
TSY3.L vs. USDV.L - Dividend Comparison
TSY3.L's dividend yield for the trailing twelve months is around 3.92%, more than USDV.L's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSY3.L SPDR Bloomberg 1-3 Year US Treasury Bond UCITS ETF | 3.92% | 4.25% | 4.07% | 3.02% | 0.60% | 0.56% | 1.84% | 2.14% | 1.31% | 1.04% | 0.63% | 0.52% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.04% | 2.20% | 1.99% | 2.29% | 2.11% | 2.12% | 2.57% | 2.65% | 2.19% | 3.07% | 1.65% | 2.00% |
Frequently Asked Questions
TSY3.L and USDV.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSY3.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSY3.L is cheaper with a 0.05% expense ratio, compared with 0.35% for USDV.L.
TSY3.L is categorized as Government Bonds, while USDV.L is Large Cap Blend Equities. TSY3.L tracks Bloomberg US 1-3 Year Treasury Bond Index, while USDV.L tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.05% for TSY3.L and 0.35% for USDV.L.
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