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 8.09%/yr vs 15.87%/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 7.43% return, which is significantly lower than ^SP500TR's 10.37% return. Over the past 10 years, USLV.L has underperformed ^SP500TR with an annualized return of 8.09%, while ^SP500TR has yielded a comparatively higher 15.87% annualized return.
USLV.L
- 1D
- 0.23%
- 1M
- 3.73%
- YTD
- 7.43%
- 6M
- 8.47%
- 1Y
- 9.64%
- 3Y*
- 7.22%
- 5Y*
- 7.21%
- 10Y*
- 8.09%
^SP500TR
- 1D
- -0.23%
- 1M
- -0.19%
- YTD
- 10.37%
- 6M
- 9.28%
- 1Y
- 26.53%
- 3Y*
- 19.46%
- 5Y*
- 14.20%
- 10Y*
- 15.87%
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 | 7.43% | -2.67% | 15.48% | -6.04% | 6.92% | 26.04% | -5.76% | 22.99% | 4.04% | 6.57% |
^SP500TR S&P 500 Total Return | 10.37% | 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 -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
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 -0.06 (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 | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 3.53 | -2.33 |
| Martin ratioReturn relative to average drawdown | 2.96 | 13.35 | -10.39 |
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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 | -1.81% | -1.81% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.82% | -4.74% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 1.99% | +1.26% |
Volatility
USLV.L vs. ^SP500TR - Volatility Comparison
SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) and S&P 500 Total Return (^SP500TR) have volatilities of 4.18% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 4.18% | 4.33% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 8.34% | 8.97% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.71% | 12.03% | -1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.68% | 15.95% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 18.09% | -1.18% |
Frequently Asked Questions
USLV.L and ^SP500TR have a correlation of -0.06, 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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