USLV.L vs. ^SP500TR
Compare and contrast key facts about SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) and S&P 500 Total Return (^SP500TR).
USLV.L is a passively managed fund by State Street that tracks the performance of the S&P 500 Low Volatility Index. It was launched on Oct 3, 2012.
Performance
USLV.L vs. ^SP500TR - Performance Comparison
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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 | 3.41% | -2.67% | 15.49% | -6.05% | 6.92% | 26.04% | -5.76% | 22.99% | 4.45% | 6.15% |
^SP500TR S&P 500 Total Return | -2.05% | 9.48% | 27.20% | 19.98% | -8.37% | 29.92% | 14.92% | 26.48% | 1.29% | 11.30% |
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 3.41% return, which is significantly higher than ^SP500TR's -2.05% return. Over the past 10 years, USLV.L has underperformed ^SP500TR with an annualized return of 8.60%, while ^SP500TR has yielded a comparatively higher 14.98% annualized return.
USLV.L
- 1D
- -0.06%
- 1M
- -4.75%
- YTD
- 3.41%
- 6M
- 2.32%
- 1Y
- -3.09%
- 3Y*
- 4.89%
- 5Y*
- 7.26%
- 10Y*
- 8.60%
^SP500TR
- 1D
- 0.49%
- 1M
- -3.26%
- YTD
- -2.05%
- 6M
- 0.24%
- 1Y
- 15.24%
- 3Y*
- 15.79%
- 5Y*
- 12.92%
- 10Y*
- 14.98%
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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.
| USLV.L | ^SP500TR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.25 | 0.82 | -1.07 |
Sortino ratioReturn per unit of downside risk | -0.26 | 1.25 | -1.52 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.19 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.41 | 1.35 | -1.76 |
Martin ratioReturn relative to average drawdown | -0.72 | 5.53 | -6.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USLV.L | ^SP500TR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.25 | 0.82 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.82 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.83 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.66 | +0.14 |
Correlation
The correlation between USLV.L and ^SP500TR is 0.43, 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.
Drawdowns
USLV.L vs. ^SP500TR - Drawdown Comparison
The maximum USLV.L drawdown since its inception was -27.37%, smaller than the maximum ^SP500TR drawdown of -35.13%. 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 | -27.37% | -55.25% | +27.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.66% | -12.12% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -14.56% | -24.49% | +9.93% |
Max Drawdown (10Y)Largest decline over 10 years | -27.37% | -33.79% | +6.42% |
Current DrawdownCurrent decline from peak | -5.12% | -5.55% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -5.15% | -8.20% | +3.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 2.55% | +1.55% |
Volatility
USLV.L vs. ^SP500TR - Volatility Comparison
The current volatility for SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) is 3.57%, while S&P 500 Total Return (^SP500TR) has a volatility of 4.58%. This indicates that USLV.L experiences smaller price fluctuations and is considered to be less risky 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 | 3.57% | 4.58% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.39% | 9.49% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 18.74% | -6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.06% | 15.90% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.98% | 18.17% | -4.19% |