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UC07.L vs. SPMD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UC07.L vs. SPMD.L

Last updated Jun 5, 2026

UC07.L (UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis) and SPMD.L (iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist)) are both exchange-traded funds - UC07.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while SPMD.L is a S&P 500 fund tracking the S&P 500 Minimum Volatility Index. Both are passively managed. Over the past 5 years, UC07.L returned 10.41%/yr vs 10.08%/yr for SPMD.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

UC07.L vs. SPMD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UC07.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UC07.L is traded in GBp, while SPMD.L is traded in USD. To make them comparable, the SPMD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, UC07.L achieves a 10.79% return, which is significantly higher than SPMD.L's 4.59% return.

UC07.L

1D
0.70%
1M
3.30%
YTD
10.79%
6M
10.47%
1Y
24.29%
3Y*
13.53%
5Y*
10.41%
10Y*
11.17%

SPMD.L

1D
0.15%
1M
4.71%
YTD
4.59%
6M
4.74%
1Y
12.46%
3Y*
10.96%
5Y*
10.08%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UC07.L vs. SPMD.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
UC07.L
UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis		10.79%5.98%15.41%3.09%4.71%28.76%-3.62%20.51%1.95%
SPMD.L
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist)		4.56%3.61%20.77%4.38%-0.37%26.11%4.44%25.95%4.53%

Correlation

The correlation between UC07.L and SPMD.L is 0.74, 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

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Feb 26, 2018

0.81

The correlation between UC07.L and SPMD.L has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

UC07.L vs. SPMD.L - Sectors Allocation Comparison

Sectors
UC07.L
SPMD.L

Financial Services

18.6%
17.8%

Technology

14.7%
29.0%

Communication Services

14.2%
6.5%

Healthcare

11.9%
13.3%

Industrials

10.9%
5.7%

Consumer Defensive

7.7%
10.4%

Energy

6.6%
5.2%

Consumer Cyclical

5.2%
6.9%

Utilities

4.0%
2.9%

Real Estate

3.2%
0.2%

Basic Materials

3.1%
2.3%

Financial Services

UC07.L
18.6%
SPMD.L
17.8%

Technology

UC07.L
14.7%
SPMD.L
29.0%

Communication Services

UC07.L
14.2%
SPMD.L
6.5%

Healthcare

UC07.L
11.9%
SPMD.L
13.3%

Industrials

UC07.L
10.9%
SPMD.L
5.7%

Consumer Defensive

UC07.L
7.7%
SPMD.L
10.4%

Energy

UC07.L
6.6%
SPMD.L
5.2%

Consumer Cyclical

UC07.L
5.2%
SPMD.L
6.9%

Utilities

UC07.L
4.0%
SPMD.L
2.9%

Real Estate

UC07.L
3.2%
SPMD.L
0.2%

Basic Materials

UC07.L
3.1%
SPMD.L
2.3%

Compare stocks, funds, or ETFs

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UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis

iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist)

Often compared with UC07.L:
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Often compared with SPMD.L:
SPMD.L vs. VOOSPMD.L vs. VUAG.LSPMD.L vs. LGLVSPMD.L vs. SPYSPMD.L vs. VTISPMD.L vs. USMVSPMD.L vs. CSPX.L

Return for Risk

UC07.L vs. SPMD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UC07.L
UC07.L Risk / Return Rank: 8383
Overall Rank
UC07.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
UC07.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
UC07.L Omega Ratio Rank: 8282
Omega Ratio Rank
UC07.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
UC07.L Martin Ratio Rank: 8383
Martin Ratio Rank
SPMD.L
SPMD.L Risk / Return Rank: 4040
Overall Rank
SPMD.L Sharpe Ratio Rank: 3939
Sharpe Ratio Rank
SPMD.L Sortino Ratio Rank: 4141
Sortino Ratio Rank
SPMD.L Omega Ratio Rank: 3838
Omega Ratio Rank
SPMD.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
SPMD.L Martin Ratio Rank: 4444
Martin Ratio Rank
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.

UC07.L vs. SPMD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UC07.L) and iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.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.

UC07.LSPMD.LDifference
Sharpe ratioReturn per unit of total volatility
2.70
1.33

+1.38

Sortino ratioReturn per unit of downside risk
3.67
1.89

+1.78

Omega ratioGain probability vs. loss probability

1.48

1.24

+0.25

Calmar ratioReturn relative to maximum drawdown

4.38

2.43

+1.95

Martin ratioReturn relative to average drawdown

16.39

7.18

+9.20

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UC07.L vs. SPMD.L - Sharpe Ratio Comparison

The current UC07.L Sharpe Ratio is 2.70, which is higher than the SPMD.L Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of UC07.L and SPMD.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.

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Sharpe Ratios by Period

UC07.LSPMD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.70

1.33

+1.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.83

0.80

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.76

0.74

+0.01

Drawdowns

UC07.L vs. SPMD.L - Drawdown Comparison

The maximum UC07.L drawdown since its inception was -28.73%, which is greater than SPMD.L's maximum drawdown of -25.24%. Use the drawdown chart below to compare losses from any high point for UC07.L and SPMD.L.

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Drawdown Indicators

UC07.LSPMD.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.73%

-25.24%

-3.49%

Max Drawdown (1Y)

Largest decline over 1 year

-5.43%

-5.10%

-0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-16.76%

-14.40%

-2.36%

Max Drawdown (5Y)

Largest decline over 5 years

-16.76%

-14.40%

-2.36%

Max Drawdown (10Y)

Largest decline over 10 years

-28.73%

—

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-3.95%

-3.86%

-0.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.45%

1.73%

-0.28%

Volatility

UC07.L vs. SPMD.L - Volatility Comparison

The current volatility for UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis (UC07.L) is 2.20%, while iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist) (SPMD.L) has a volatility of 2.89%. This indicates that UC07.L experiences smaller price fluctuations and is considered to be less risky than SPMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UC07.LSPMD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.20%

2.89%

-0.69%

Volatility (6M)

Calculated over the trailing 6-month period

6.17%

6.94%

-0.77%

Volatility (1Y)

Calculated over the trailing 1-year period

8.80%

9.35%

-0.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.52%

12.64%

-0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.84%

14.70%

+0.14%

UC07.L vs. SPMD.L - Expense Ratio Comparison

Both UC07.L and SPMD.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

UC07.L vs. SPMD.L - Dividend Comparison

UC07.L's dividend yield for the trailing twelve months is around 1.38%, more than SPMD.L's 1.16% yield.

PositionTTM20252024202320222021202020192018201720162015
SPMD.L
iShares Edge S&P 500 Minimum Volatility UCITS ETF USD (Dist)		1.16%1.15%1.28%1.46%1.35%1.27%1.54%1.52%1.13%0.00%0.00%0.00%
UC07.L
UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-dis		1.38%2.05%1.79%2.04%1.81%1.59%2.41%2.08%2.49%2.01%2.18%2.25%

Frequently Asked Questions

UC07.L and SPMD.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

UC07.L and SPMD.L have the same expense ratio: 0.20% per year.

UC07.L is categorized as Large Cap Value Equities, while SPMD.L is S&P 500. UC07.L tracks Russell 1000 Value TR USD, while SPMD.L tracks S&P 500 Minimum Volatility Index. They also come from different issuers: UBS and iShares.

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