USDV.L vs. XZMD.L

Last updated Jun 5, 2026

USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) and XZMD.L (Xtrackers MSCI USA ESG UCITS ETF 1D) are both Large Cap Blend Equities funds - USDV.L tracks the S&P High Yield Dividend Aristocrats Index while XZMD.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 3 years, USDV.L returned 6.93%/yr vs 19.56%/yr for XZMD.L. At a 0.27 correlation, their price movements are largely independent. USDV.L charges 0.35%/yr vs 0.15%/yr for XZMD.L.

Performance

USDV.L vs. XZMD.L - 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 Xtrackers MSCI USA ESG UCITS ETF 1D (XZMD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

USDV.L is traded in GBP, while XZMD.L is traded in USD. To make them comparable, the XZMD.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 7.22% return, which is significantly lower than XZMD.L's 8.47% return.

USDV.L

• 1D: 0.13%
• 1M: 1.22%
• YTD: 7.22%
• 6M: 6.65%
• 1Y: 14.81%
• 3Y*: 6.93%
• 5Y*: 6.79%
• 10Y*: 9.84%

XZMD.L

• 1D: 0.76%
• 1M: 5.54%
• YTD: 8.47%
• 6M: 8.64%
• 1Y: 26.95%
• 3Y*: 19.56%
• 5Y*: —
• 10Y*: —

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

USDV.L vs. XZMD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	7.22%	1.15%	9.34%	-3.52%	5.48%
XZMD.L Xtrackers MSCI USA ESG UCITS ETF 1D	8.44%	8.37%	27.57%	23.85%	-5.73%

Correlation

The correlation between USDV.L and XZMD.L is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (All Time) Calculated using the full available price history since May 3, 2022	0.27

Over the past year, the correlation between USDV.L and XZMD.L has dropped to 0.07 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.

USDV.L vs. XZMD.L - Sectors Allocation Comparison

Sectors	USDV.L	XZMD.L
Industrials	17.5%	8.7%
Consumer Defensive	17.0%	1.3%
Utilities	14.8%	0.3%
Financial Services	11.5%	12.7%
Technology	8.9%	37.2%
Basic Materials	6.4%	1.6%
Healthcare	6.2%	10.7%
Consumer Cyclical	5.2%	9.8%
Real Estate	4.6%	2.7%
Energy	4.5%	0.1%
Communication Services	3.5%	15.0%

Return for Risk

USDV.L vs. XZMD.L — 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: 41
USDV.L Sharpe Ratio Rank: 42
USDV.L Sortino Ratio Rank: 43
USDV.L Omega Ratio Rank: 39
USDV.L Calmar Ratio Rank: 43
USDV.L Martin Ratio Rank: 35

XZMD.L

XZMD.L Risk / Return Rank: 94
XZMD.L Sharpe Ratio Rank: 95
XZMD.L Sortino Ratio Rank: 95
XZMD.L Omega Ratio Rank: 93
XZMD.L Calmar Ratio Rank: 94
XZMD.L Martin Ratio Rank: 93

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. XZMD.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 Xtrackers MSCI USA ESG UCITS ETF 1D (XZMD.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.

	USDV.L	XZMD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.44	4.10	-2.66
Sortino ratio: Return per unit of downside risk	2.15	5.71	-3.57
Omega ratio: Gain probability vs. loss probability	1.25	1.74	-0.49
Calmar ratio: Return relative to maximum drawdown	2.12	8.29	-6.18
Martin ratio: Return relative to average drawdown	5.42	25.82	-20.41
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. XZMD.L - Sharpe Ratio Comparison

The current USDV.L Sharpe Ratio is 1.44, which is lower than the XZMD.L Sharpe Ratio of 4.10. The chart below compares the historical Sharpe Ratios of USDV.L and XZMD.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.

Sharpe Ratios by Period

	USDV.L	XZMD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.44	4.10	-2.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
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	1.39	-0.55

Drawdowns

USDV.L vs. XZMD.L - Drawdown Comparison

The maximum USDV.L drawdown since its inception was -27.80%, which is greater than XZMD.L's maximum drawdown of -22.72%. Use the drawdown chart below to compare losses from any high point for USDV.L and XZMD.L.

Drawdown Indicators

	USDV.L	XZMD.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.80%	-22.72%	-5.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.60%	-10.21%	+3.61%
Max Drawdown (3Y) Largest decline over 3 years	-16.30%	-22.72%	+6.42%
Max Drawdown (5Y) Largest decline over 5 years	-16.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.80%	—	—
Current Drawdown Current decline from peak	-3.68%	-0.05%	-3.63%
Average Drawdown Average peak-to-trough decline	-4.14%	-5.03%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	7.53%	-4.95%

Volatility

USDV.L vs. XZMD.L - Volatility Comparison

The current volatility for SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) is 2.53%, while Xtrackers MSCI USA ESG UCITS ETF 1D (XZMD.L) has a volatility of 3.90%. This indicates that USDV.L experiences smaller price fluctuations and is considered to be less risky than XZMD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDV.L	XZMD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.53%	3.90%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	7.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.69%	20.73%	-11.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.78%	22.32%	-9.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.33%	22.32%	-6.99%

USDV.L vs. XZMD.L - Expense Ratio Comparison

USDV.L has a 0.35% expense ratio, which is higher than XZMD.L's 0.15% expense ratio.

Dividends

USDV.L vs. XZMD.L - Dividend Comparison

USDV.L's dividend yield for the trailing twelve months is around 2.04%, more than XZMD.L's 0.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XZMD.L Xtrackers MSCI USA ESG UCITS ETF 1D	0.68%	0.79%	0.95%	0.95%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USDV.L and XZMD.L in my portfolio?

USDV.L and XZMD.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USDV.L or XZMD.L?

On fees, XZMD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USDV.L or XZMD.L?

XZMD.L is cheaper with a 0.15% expense ratio, compared with 0.35% for USDV.L.

What is the main difference between USDV.L and XZMD.L?

USDV.L tracks S&P High Yield Dividend Aristocrats Index, while XZMD.L tracks Russell 1000 TR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.35% for USDV.L and 0.15% for XZMD.L.