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UKDV.L vs. IEVL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UKDV.L vs. IEVL.L

Last updated Jun 5, 2026

UKDV.L (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) and IEVL.L (iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating) are both Europe Equities funds - UKDV.L tracks the FTSE AllSh TR GBP while IEVL.L tracks the MSCI Europe Enhanced Value Index. Both are passively managed. Over the past 10 years, UKDV.L returned 5.20%/yr vs 11.78%/yr for IEVL.L. A 0.71 correlation means they provide meaningful diversification when combined. UKDV.L charges 0.30%/yr vs 0.25%/yr for IEVL.L.

Performance

UKDV.L vs. IEVL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, UKDV.L achieves a 6.02% return, which is significantly lower than IEVL.L's 13.11% return. Over the past 10 years, UKDV.L has underperformed IEVL.L with an annualized return of 5.20%, while IEVL.L has yielded a comparatively higher 11.78% annualized return.

UKDV.L

1D
2.06%
1M
3.28%
YTD
6.02%
6M
8.54%
1Y
16.24%
3Y*
12.50%
5Y*
7.70%
10Y*
5.20%

IEVL.L

1D
0.17%
1M
4.83%
YTD
13.11%
6M
15.93%
1Y
36.39%
3Y*
21.80%
5Y*
14.64%
10Y*
11.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
UKDV.L
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)		6.02%17.63%11.01%6.36%-7.44%14.90%-16.96%35.13%-15.00%4.30%
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		13.11%42.23%5.56%11.28%1.19%19.17%-3.59%14.85%-12.63%15.13%

Correlation

The correlation between UKDV.L and IEVL.L is 0.57, 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

0.57

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

0.65

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

0.67

Correlation (10Y)
Calculated over the trailing 10-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Jan 20, 2015

0.71

The correlation between UKDV.L and IEVL.L shifts across timeframes, from 0.57 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

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

Sectors
UKDV.L
IEVL.L

Financial Services

33.0%
22.6%

Industrials

19.8%
17.0%

Consumer Defensive

11.9%
8.6%

Real Estate

11.2%
0.6%

Healthcare

7.0%
12.3%

Consumer Cyclical

5.8%
6.2%

Utilities

4.7%
4.5%

Basic Materials

3.1%
6.2%

Communication Services

2.6%
3.7%

Technology

1.1%
12.2%

Energy

-

5.1%

Financial Services

UKDV.L
33.0%
IEVL.L
22.6%

Industrials

UKDV.L
19.8%
IEVL.L
17.0%

Consumer Defensive

UKDV.L
11.9%
IEVL.L
8.6%

Real Estate

UKDV.L
11.2%
IEVL.L
0.6%

Healthcare

UKDV.L
7.0%
IEVL.L
12.3%

Consumer Cyclical

UKDV.L
5.8%
IEVL.L
6.2%

Utilities

UKDV.L
4.7%
IEVL.L
4.5%

Basic Materials

UKDV.L
3.1%
IEVL.L
6.2%

Communication Services

UKDV.L
2.6%
IEVL.L
3.7%

Technology

UKDV.L
1.1%
IEVL.L
12.2%

Energy

UKDV.L

-

IEVL.L
5.1%

Compare stocks, funds, or ETFs

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SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)

iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating

Often compared with UKDV.L:
UKDV.L vs. IUKD.LUKDV.L vs. SCHDUKDV.L vs. VHYG.LUKDV.L vs. ISF.LUKDV.L vs. VGOV.LUKDV.L vs. LDEG.LUKDV.L vs. VUKE.L
Often compared with IEVL.L:
IEVL.L vs. AINF.LIEVL.L vs. FBTU.LIEVL.L vs. IUCS.LIEVL.L vs. CSKR.LIEVL.L vs. 36BA.DEIEVL.L vs. IEMA.LIEVL.L vs. GLD

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UKDV.L
UKDV.L Risk / Return Rank: 3333
Overall Rank
UKDV.L Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
UKDV.L Sortino Ratio Rank: 3333
Sortino Ratio Rank
UKDV.L Omega Ratio Rank: 3333
Omega Ratio Rank
UKDV.L Calmar Ratio Rank: 3232
Calmar Ratio Rank
UKDV.L Martin Ratio Rank: 3636
Martin Ratio Rank
IEVL.L
IEVL.L Risk / Return Rank: 7272
Overall Rank
IEVL.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
IEVL.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IEVL.L Omega Ratio Rank: 7575
Omega Ratio Rank
IEVL.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
IEVL.L Martin Ratio Rank: 6868
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.

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

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.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.

UKDV.LIEVL.LDifference
Sharpe ratioReturn per unit of total volatility
1.20
2.68

-1.48

Sortino ratioReturn per unit of downside risk
1.75
3.61

-1.86

Omega ratioGain probability vs. loss probability

1.22

1.48

-0.27

Calmar ratioReturn relative to maximum drawdown

1.57

3.42

-1.85

Martin ratioReturn relative to average drawdown

5.36

12.70

-7.34

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

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

The current UKDV.L Sharpe Ratio is 1.20, which is lower than the IEVL.L Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of UKDV.L and IEVL.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

UKDV.LIEVL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.20

2.68

-1.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

0.96

-0.42

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.33

0.69

-0.36

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.58

-0.15

Drawdowns

UKDV.L vs. IEVL.L - Drawdown Comparison

The maximum UKDV.L drawdown since its inception was -38.04%, which is greater than IEVL.L's maximum drawdown of -34.82%. Use the drawdown chart below to compare losses from any high point for UKDV.L and IEVL.L.

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Drawdown Indicators

UKDV.LIEVL.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.04%

-34.82%

-3.22%

Max Drawdown (1Y)

Largest decline over 1 year

-10.32%

-10.59%

+0.27%

Max Drawdown (3Y)

Largest decline over 3 years

-12.84%

-16.33%

+3.49%

Max Drawdown (5Y)

Largest decline over 5 years

-18.19%

-16.48%

-1.71%

Max Drawdown (10Y)

Largest decline over 10 years

-38.04%

-34.82%

-3.22%

Current Drawdown

Current decline from peak

-1.65%

-0.82%

-0.83%

Average Drawdown

Average peak-to-trough decline

-7.05%

-6.05%

-1.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

2.86%

+0.16%

Volatility

UKDV.L vs. IEVL.L - Volatility Comparison

SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) and iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating (IEVL.L) have volatilities of 4.77% and 4.85%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UKDV.LIEVL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.77%

4.85%

-0.08%

Volatility (6M)

Calculated over the trailing 6-month period

11.53%

11.06%

+0.47%

Volatility (1Y)

Calculated over the trailing 1-year period

13.50%

13.52%

-0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.16%

15.24%

-1.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.84%

17.13%

-1.29%

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

UKDV.L has a 0.30% expense ratio, which is higher than IEVL.L's 0.25% expense ratio.

Dividends

UKDV.L vs. IEVL.L - Dividend Comparison

UKDV.L's dividend yield for the trailing twelve months is around 3.96%, while IEVL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IEVL.L
iShares Edge MSCI Europe Value Factor UCITS ETF EUR Accumulating		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)		3.96%4.23%4.03%4.21%5.24%4.25%3.58%5.99%5.23%4.32%5.16%5.49%

Frequently Asked Questions

UKDV.L and IEVL.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, IEVL.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

IEVL.L is cheaper with a 0.25% expense ratio, compared with 0.30% for UKDV.L.

UKDV.L tracks FTSE AllSh TR GBP, while IEVL.L tracks MSCI Europe Enhanced Value Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for UKDV.L and 0.25% for IEVL.L.

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