USDV.L vs. EMRD.L
USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) and EMRD.L (State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc)) are both exchange-traded funds - USDV.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index, while EMRD.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Index. Both are passively managed. Over the past 10 years, USDV.L returned 8.46%/yr vs 8.87%/yr for EMRD.L. At a 0.39 correlation, their price movements are largely independent. USDV.L charges 0.35%/yr vs 0.18%/yr for EMRD.L.
Performance
USDV.L vs. EMRD.L - Performance Comparison
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Different Trading Currencies
USDV.L is traded in GBP, while EMRD.L is traded in USD. To make them comparable, the EMRD.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, USDV.L achieves a 10.27% return, which is significantly lower than EMRD.L's 19.61% return. Both investments have delivered pretty close results over the past 10 years, with USDV.L having a 8.46% annualized return and EMRD.L not far ahead at 8.87%.
USDV.L
- 1D
- -0.66%
- 1M
- 0.54%
- 6M
- 5.93%
- YTD
- 10.27%
- 1Y
- 12.88%
- 3Y*
- 9.04%
- 5Y*
- 7.34%
- 10Y*
- 8.46%
EMRD.L
- 1D
- 0.00%
- 1M
- -6.93%
- 6M
- 13.56%
- YTD
- 19.61%
- 1Y
- 36.05%
- 3Y*
- 19.39%
- 5Y*
- 7.50%
- 10Y*
- 8.87%
USDV.L vs. EMRD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 10.27% | 1.15% | 9.34% | -3.51% | 11.56% | 26.74% | -2.72% | 18.93% | 1.52% | 5.36% |
EMRD.L State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) | 19.61% | 24.62% | 9.53% | 4.25% | -11.24% | -1.33% | 14.49% | 12.91% | -8.97% | 24.67% |
Correlation
The correlation between USDV.L and EMRD.L is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2011 | 0.39 |
The correlation between USDV.L and EMRD.L shifts across timeframes, from -0.00 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USDV.L vs. EMRD.L — Risk / Return Rank
USDV.L
EMRD.L
USDV.L vs. EMRD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) and State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) (EMRD.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.
| USDV.L | EMRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 3.45 | -1.51 |
| Martin ratioReturn relative to average drawdown | 4.94 | 9.54 | -4.60 |
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Drawdowns
USDV.L vs. EMRD.L - Drawdown Comparison
The maximum USDV.L drawdown since its inception was -37.29%, which is greater than EMRD.L's maximum drawdown of -31.27%. Use the drawdown chart below to compare losses from any high point for USDV.L and EMRD.L.
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Drawdown Indicators
| USDV.L | EMRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.29% | -31.27% | -6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -10.41% | +3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -16.30% | -15.26% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -16.30% | -22.35% | +6.05% |
Max Drawdown (10Y)Largest decline over 10 years | -27.79% | -27.33% | -0.46% |
Current DrawdownCurrent decline from peak | -2.59% | -10.00% | +7.41% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -10.35% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 3.78% | -1.18% |
Volatility
USDV.L vs. EMRD.L - Volatility Comparison
The current volatility for SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) is 3.05%, while State Street SPDR MSCI Emerging Markets UCITS ETF USD (Acc) (EMRD.L) has a volatility of 9.01%. This indicates that USDV.L experiences smaller price fluctuations and is considered to be less risky than EMRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDV.L | EMRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 9.01% | -5.96% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 18.72% | -11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 20.85% | -11.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.79% | 17.68% | -4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.14% | 19.03% | -3.89% |
USDV.L vs. EMRD.L - Expense Ratio Comparison
USDV.L has a 0.35% expense ratio, which is higher than EMRD.L's 0.18% expense ratio.
Dividends
USDV.L vs. EMRD.L - Dividend Comparison
USDV.L's dividend yield for the trailing twelve months is around 2.04%, while EMRD.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMRD.L State Street SPDR MSCI Emerging Markets 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% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.04% | 2.20% | 1.99% | 2.28% | 2.11% | 2.13% | 2.57% | 2.07% | 2.19% | 1.85% | 1.65% | 2.00% |
Frequently Asked Questions
USDV.L and EMRD.L have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMRD.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMRD.L is cheaper with a 0.18% expense ratio, compared with 0.35% for USDV.L.
USDV.L is categorized as Large Cap Blend Equities, while EMRD.L is Emerging Markets Equities. USDV.L tracks S&P High Yield Dividend Aristocrats Index, while EMRD.L tracks MSCI Emerging Markets Index. Their fees differ too: 0.35% for USDV.L and 0.18% for EMRD.L.
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