USLV.L vs. ^SP500TR
USLV.L (SPDR S&P 500 Low Volatility UCITS ETF) is S&P 500 fund tracking the S&P 500 Low Volatility Index, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, USLV.L returned 7.41%/yr vs 14.72%/yr for ^SP500TR. At a 0.41 correlation, their price movements are largely independent.
Performance
USLV.L vs. ^SP500TR - Performance Comparison
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Different Trading Currencies
USLV.L is traded in GBP, while ^SP500TR is traded in USD. To make them comparable, the ^SP500TR values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, USLV.L achieves a 7.48% return, which is significantly lower than ^SP500TR's 9.75% return. Over the past 10 years, USLV.L has underperformed ^SP500TR with an annualized return of 7.41%, while ^SP500TR has yielded a comparatively higher 14.72% annualized return.
USLV.L
- 1D
- -1.03%
- 1M
- 3.22%
- 6M
- 5.43%
- YTD
- 7.48%
- 1Y
- 6.85%
- 3Y*
- 6.32%
- 5Y*
- 6.29%
- 10Y*
- 7.41%
- ALL TIME*
- 7.02%
^SP500TR
- 1D
- -0.04%
- 1M
- -2.35%
- 6M
- 7.42%
- YTD
- 9.75%
- 1Y
- 19.52%
- 3Y*
- 17.79%
- 5Y*
- 13.38%
- 10Y*
- 14.72%
- ALL TIME*
- 13.43%
USLV.L vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USLV.L SPDR S&P 500 Low Volatility UCITS ETF | 7.48% | -2.67% | 15.48% | -6.04% | 6.92% | 26.04% | -5.76% | 22.99% | 4.04% | 6.57% |
^SP500TR S&P 500 Total Return | 9.75% | 9.48% | 27.20% | 19.98% | -8.37% | 29.92% | 14.92% | 26.48% | 1.29% | 11.30% |
Correlation
The correlation between USLV.L and ^SP500TR is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2012 | 0.41 |
The correlation between USLV.L and ^SP500TR shifts across timeframes, from -0.09 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USLV.L vs. ^SP500TR — Risk / Return Rank
USLV.L
^SP500TR
USLV.L vs. ^SP500TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) and S&P 500 Total Return (^SP500TR). 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.
| USLV.L | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.30 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 2.60 | -1.74 |
| Martin ratioReturn relative to average drawdown | 2.09 | 9.69 | -7.60 |
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Drawdowns
USLV.L vs. ^SP500TR - Drawdown Comparison
The maximum USLV.L drawdown since its inception was -40.77%, which is greater than ^SP500TR's maximum drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for USLV.L and ^SP500TR.
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Drawdown Indicators
| USLV.L | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.77% | -34.87% | -5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -7.95% | -7.54% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -20.65% | -21.89% | +1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -20.65% | -21.89% | +1.24% |
Max Drawdown (10Y)Largest decline over 10 years | -27.37% | -25.86% | -1.51% |
Current DrawdownCurrent decline from peak | -1.77% | -2.35% | +0.58% |
Average DrawdownAverage peak-to-trough decline | -9.78% | -4.74% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.02% | +1.25% |
Volatility
USLV.L vs. ^SP500TR - Volatility Comparison
SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) has a higher volatility of 3.93% compared to S&P 500 Total Return (^SP500TR) at 3.01%. This indicates that USLV.L's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USLV.L | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 3.01% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 8.68% | 8.99% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 12.08% | -1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 15.94% | +2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.87% | 18.05% | -1.18% |
Frequently Asked Questions
USLV.L and ^SP500TR have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for USLV.L and ^SP500TR
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