USFM.L vs. USDV.L

Last updated Jun 5, 2026

USFM.L (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both Large Cap Blend Equities funds - USFM.L tracks the Russell 1000 TR USD while USDV.L tracks the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 5 years, USFM.L returned 11.61%/yr vs 6.79%/yr for USDV.L. Their correlation of 0.80 suggests significant overlap in exposure. USFM.L charges 0.25%/yr vs 0.35%/yr for USDV.L.

Performance

USFM.L vs. USDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

USFM.L is traded in GBp, while USDV.L is traded in GBP. To make them comparable, the USDV.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, USFM.L achieves a 12.16% return, which is significantly higher than USDV.L's 7.22% return.

USFM.L

• 1D: 0.33%
• 1M: 5.20%
• YTD: 12.16%
• 6M: 12.28%
• 1Y: 24.78%
• 3Y*: 16.00%
• 5Y*: 11.61%
• 10Y*: —

USDV.L

• 1D: 0.13%
• 1M: 1.76%
• YTD: 7.22%
• 6M: 7.16%
• 1Y: 14.02%
• 3Y*: 6.93%
• 5Y*: 6.79%
• 10Y*: 9.84%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USFM.L UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis	12.16%	5.73%	20.11%	10.47%	-3.22%	26.12%	10.79%	25.56%	-0.38%	11.30%
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	7.22%	1.15%	9.34%	-3.52%	11.58%	26.74%	-2.72%	19.69%	1.49%	10.38%

Correlation

The correlation between USFM.L and USDV.L is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since May 18, 2017	0.80

The correlation between USFM.L and USDV.L shifts across timeframes, from 0.63 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

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

Sectors	USFM.L	USDV.L
Technology	20.8%	8.9%
Industrials	15.3%	17.5%
Financial Services	15.2%	11.5%
Healthcare	13.9%	6.2%
Consumer Defensive	8.7%	17.0%
Communication Services	6.4%	3.5%
Consumer Cyclical	6.4%	5.2%
Utilities	4.0%	14.8%
Energy	3.3%	4.5%
Basic Materials	3.2%	6.4%
Real Estate	2.9%	4.6%

Return for Risk

USFM.L vs. USDV.L — Risk / Return Rank

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

USFM.L

USFM.L Risk / Return Rank: 82
USFM.L Sharpe Ratio Rank: 81
USFM.L Sortino Ratio Rank: 81
USFM.L Omega Ratio Rank: 79
USFM.L Calmar Ratio Rank: 84
USFM.L Martin Ratio Rank: 82

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

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.

USFM.L vs. USDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.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.

	USFM.L	USDV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.61	1.44	+1.17
Sortino ratio: Return per unit of downside risk	3.57	2.15	+1.42
Omega ratio: Gain probability vs. loss probability	1.46	1.25	+0.22
Calmar ratio: Return relative to maximum drawdown	4.51	2.12	+2.39
Martin ratio: Return relative to average drawdown	16.06	5.42	+10.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USFM.L vs. USDV.L - Sharpe Ratio Comparison

The current USFM.L Sharpe Ratio is 2.61, which is higher than the USDV.L Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of USFM.L and USDV.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

	USFM.L	USDV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	1.44	+1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	0.53	+0.35
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	0.84	0.00

Drawdowns

USFM.L vs. USDV.L - Drawdown Comparison

The maximum USFM.L drawdown since its inception was -27.52%, roughly equal to the maximum USDV.L drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for USFM.L and USDV.L.

Drawdown Indicators

	USFM.L	USDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.52%	-27.80%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-5.47%	-6.60%	+1.13%
Max Drawdown (3Y) Largest decline over 3 years	-17.40%	-16.30%	-1.10%
Max Drawdown (5Y) Largest decline over 5 years	-17.40%	-16.30%	-1.10%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.80%	—
Current Drawdown Current decline from peak	0.00%	-3.68%	+3.68%
Average Drawdown Average peak-to-trough decline	-3.49%	-4.14%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.54%	2.58%	-1.04%

Volatility

USFM.L vs. USDV.L - Volatility Comparison

UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) has a higher volatility of 2.78% compared to SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) at 2.53%. This indicates that USFM.L's price experiences larger fluctuations and is considered to be riskier than USDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USFM.L	USDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	2.53%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	6.77%	7.19%	-0.42%
Volatility (1Y) Calculated over the trailing 1-year period	9.46%	9.69%	-0.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.21%	12.78%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.32%	15.33%	-0.01%

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

USFM.L has a 0.25% expense ratio, which is lower than USDV.L's 0.35% expense ratio.

Dividends

USFM.L vs. USDV.L - Dividend Comparison

USFM.L's dividend yield for the trailing twelve months is around 1.07%, less than USDV.L's 2.04% 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%
USFM.L UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis	1.07%	1.20%	1.14%	1.37%	1.22%	1.01%	1.34%	1.30%	1.37%	0.30%	0.00%	0.00%

Frequently Asked Questions

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

USFM.L and USDV.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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

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

USFM.L is cheaper with a 0.25% expense ratio, compared with 0.35% for USDV.L.

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

USFM.L tracks Russell 1000 TR USD, while USDV.L tracks S&P High Yield Dividend Aristocrats Index. They also come from different issuers: UBS and State Street. Their fees differ too: 0.25% for USFM.L and 0.35% for USDV.L.