USDV.L vs. QDIV

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) and Global X S&P 500 Quality Dividend ETF (QDIV).

USDV.L and QDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USDV.L is a passively managed fund by State Street that tracks the performance of the S&P High Yield Dividend Aristocrats Index. It was launched on Jun 14, 2019. QDIV is a passively managed fund by Global X that tracks the performance of the S&P 500 Quality High Dividend Index. It was launched on Jul 13, 2018. Both USDV.L and QDIV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

USDV.L vs. QDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) and Global X S&P 500 Quality Dividend ETF (QDIV). The values are adjusted to include any dividend payments, if applicable.

USDV.L vs. QDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	5.84%	1.15%	9.34%	-3.52%	11.58%	26.74%	-2.72%	19.69%	-1.37%
QDIV Global X S&P 500 Quality Dividend ETF	7.66%	-4.19%	12.55%	-0.08%	11.33%	30.21%	-2.91%	24.09%	-9.74%

Different Trading Currencies

USDV.L is traded in GBP, while QDIV is traded in USD. To make them comparable, the QDIV 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 5.84% return, which is significantly lower than QDIV's 7.66% return.

USDV.L

• 1D: 0.03%
• 1M: -4.92%
• YTD: 5.84%
• 6M: 6.78%
• 1Y: 6.83%
• 3Y*: 5.60%
• 5Y*: 7.49%
• 10Y*: 9.85%

QDIV

• 1D: -0.89%
• 1M: -3.76%
• YTD: 7.66%
• 6M: 7.03%
• 1Y: 4.92%
• 3Y*: 5.40%
• 5Y*: 8.31%
• 10Y*: —

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

USDV.L vs. QDIV - Expense Ratio Comparison

USDV.L has a 0.35% expense ratio, which is higher than QDIV's 0.20% expense ratio.

USDV.L

SPDR S&P US Dividend Aristocrats UCITS ETF Dis

QDIV

Global X S&P 500 Quality Dividend ETF

Return for Risk

USDV.L vs. QDIV — Risk / Return Rank

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

USDV.L

USDV.L Risk / Return Rank: 30
USDV.L Sharpe Ratio Rank: 27
USDV.L Sortino Ratio Rank: 26
USDV.L Omega Ratio Rank: 25
USDV.L Calmar Ratio Rank: 37
USDV.L Martin Ratio Rank: 33

QDIV

QDIV Risk / Return Rank: 25
QDIV Sharpe Ratio Rank: 24
QDIV Sortino Ratio Rank: 25
QDIV Omega Ratio Rank: 25
QDIV Calmar Ratio Rank: 25
QDIV Martin Ratio Rank: 26

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.

USDV.L vs. QDIV - 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 Global X S&P 500 Quality Dividend ETF (QDIV). 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.

	USDV.L	QDIV	Difference
Sharpe ratio Return per unit of total volatility	0.53	0.29	+0.24
Sortino ratio Return per unit of downside risk	0.79	0.52	+0.27
Omega ratio Gain probability vs. loss probability	1.11	1.07	+0.04
Calmar ratio Return relative to maximum drawdown	0.98	0.40	+0.59
Martin ratio Return relative to average drawdown	3.10	0.97	+2.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USDV.L vs. QDIV - Sharpe Ratio Comparison

The current USDV.L Sharpe Ratio is 0.53, which is higher than the QDIV Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of USDV.L and QDIV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USDV.L	QDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	0.29	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.57	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.43	+0.41

Correlation

The correlation between USDV.L and QDIV is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

USDV.L vs. QDIV - Dividend Comparison

USDV.L's dividend yield for the trailing twelve months is around 2.07%, less than QDIV's 3.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	2.07%	2.20%	1.99%	2.29%	2.11%	2.12%	2.57%	2.65%	2.19%	3.07%	1.65%	2.00%
QDIV Global X S&P 500 Quality Dividend ETF	3.01%	3.13%	2.88%	3.26%	3.02%	2.44%	3.06%	2.84%	1.30%	0.00%	0.00%	0.00%

Drawdowns

USDV.L vs. QDIV - Drawdown Comparison

The maximum USDV.L drawdown since its inception was -27.80%, smaller than the maximum QDIV drawdown of -33.83%. Use the drawdown chart below to compare losses from any high point for USDV.L and QDIV.

Drawdown Indicators

	USDV.L	QDIV	Difference
Max Drawdown Largest peak-to-trough decline	-27.80%	-41.20%	+13.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-12.82%	+2.89%
Max Drawdown (5Y) Largest decline over 5 years	-16.30%	-18.52%	+2.22%
Max Drawdown (10Y) Largest decline over 10 years	-27.80%	—	—
Current Drawdown Current decline from peak	-4.92%	-6.00%	+1.08%
Average Drawdown Average peak-to-trough decline	-4.13%	-5.56%	+1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	3.55%	-1.30%

Volatility

USDV.L vs. QDIV - Volatility Comparison

SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) has a higher volatility of 3.38% compared to Global X S&P 500 Quality Dividend ETF (QDIV) at 3.20%. This indicates that USDV.L's price experiences larger fluctuations and is considered to be riskier than QDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDV.L	QDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.38%	3.20%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	6.84%	9.35%	-2.51%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	17.16%	-4.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.83%	14.58%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.35%	19.17%	-3.82%