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USLV.L vs. EUDV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USLV.L vs. EUDV.L

Last updated Jul 21, 2026
Documentation

USLV.L (SPDR S&P 500 Low Volatility UCITS ETF) and EUDV.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) are both exchange-traded funds - USLV.L is a S&P 500 fund tracking the S&P 500 Low Volatility Index, while EUDV.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, USLV.L returned 7.41%/yr vs 7.46%/yr for EUDV.L. At a 0.49 correlation, their price movements are largely independent. USLV.L charges 0.35%/yr vs 0.30%/yr for EUDV.L.

Performance

USLV.L vs. EUDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) and SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with USLV.L having a 7.48% return and EUDV.L slightly lower at 7.24%. Both investments have delivered pretty close results over the past 10 years, with USLV.L having a 7.41% annualized return and EUDV.L not far ahead at 7.46%.

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%

EUDV.L

1D
-0.43%
1M
0.31%
6M
7.51%
YTD
7.24%
1Y
12.22%
3Y*
13.91%
5Y*
8.83%
10Y*
7.46%
ALL TIME*
7.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USLV.L vs. EUDV.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
EUDV.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		7.24%25.94%3.61%15.55%-5.72%7.12%-6.90%15.46%-7.03%15.00%

Correlation

The correlation between USLV.L and EUDV.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.33

Correlation (10Y)
Calculated over the trailing 10-year period

0.45

Correlation (All Time)
Calculated using the full available price history since Oct 3, 2012

0.49

The correlation between USLV.L and EUDV.L shifts across timeframes, from 0.30 (3 years) to 0.49 (all time), reflecting how their relationship changes across market environments.

USLV.L vs. EUDV.L - Sectors Allocation Comparison

Sectors
USLV.L
EUDV.L

Utilities

25.4%
14.8%

Financial Services

21.5%
25.6%

Real Estate

17.9%
2.5%

Industrials

10.9%
22.0%

Consumer Defensive

9.2%
4.2%

Healthcare

4.0%
6.5%

Consumer Cyclical

3.9%
2.3%

Energy

2.6%
6.5%

Basic Materials

2.2%
8.6%

Technology

1.8%
1.3%

Communication Services

0.7%
5.7%

Utilities

USLV.L
25.4%
EUDV.L
14.8%

Financial Services

USLV.L
21.5%
EUDV.L
25.6%

Real Estate

USLV.L
17.9%
EUDV.L
2.5%

Industrials

USLV.L
10.9%
EUDV.L
22.0%

Consumer Defensive

USLV.L
9.2%
EUDV.L
4.2%

Healthcare

USLV.L
4.0%
EUDV.L
6.5%

Consumer Cyclical

USLV.L
3.9%
EUDV.L
2.3%

Energy

USLV.L
2.6%
EUDV.L
6.5%

Basic Materials

USLV.L
2.2%
EUDV.L
8.6%

Technology

USLV.L
1.8%
EUDV.L
1.3%

Communication Services

USLV.L
0.7%
EUDV.L
5.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P 500 Low Volatility UCITS ETF

SPDR® S&P Euro Dividend Aristocrats UCITS ETF

Often compared with USLV.L:
USLV.L vs. BRK-BUSLV.L vs. SCHDUSLV.L vs. SPYUSLV.L vs. VOOUSLV.L vs. ^SP500TRUSLV.L vs. IUIT.LUSLV.L vs. SCHX
Often compared with EUDV.L:
EUDV.L vs. IQQA.DEEUDV.L vs. EUE.LEUDV.L vs. EPDPXEUDV.L vs. VTIEUDV.L vs. IPDPEUDV.L vs. SPYL.DEEUDV.L vs. EIRL

Return for Risk

USLV.L vs. EUDV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USLV.L
USLV.L Risk / Return Rank: 2323
Overall Rank
USLV.L Sharpe Ratio Rank: 2424
Sharpe Ratio Rank
USLV.L Sortino Ratio Rank: 2323
Sortino Ratio Rank
USLV.L Omega Ratio Rank: 2121
Omega Ratio Rank
USLV.L Calmar Ratio Rank: 2525
Calmar Ratio Rank
USLV.L Martin Ratio Rank: 2424
Martin Ratio Rank
EUDV.L
EUDV.L Risk / Return Rank: 3939
Overall Rank
EUDV.L Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
EUDV.L Sortino Ratio Rank: 3939
Sortino Ratio Rank
EUDV.L Omega Ratio Rank: 4141
Omega Ratio Rank
EUDV.L Calmar Ratio Rank: 3434
Calmar Ratio Rank
EUDV.L Martin Ratio Rank: 3636
Martin Ratio Rank
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.

USLV.L vs. EUDV.L - 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 SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.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.

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.LEUDV.LDifference
Sharpe ratioReturn per unit of total volatility
0.62
1.13

-0.51

Sortino ratioReturn per unit of downside risk
0.99
1.58

-0.59

Omega ratioGain probability vs. loss probability

1.11

1.21

-0.10

Calmar ratioReturn relative to maximum drawdown

0.86

1.33

-0.47

Martin ratioReturn relative to average drawdown

2.09

4.11

-2.02

USLV.L vs. EUDV.L - Sharpe Ratio Comparison

The current USLV.L Sharpe Ratio is 0.62, which is lower than the EUDV.L Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of USLV.L and EUDV.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.

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Drawdowns

USLV.L vs. EUDV.L - Drawdown Comparison

The maximum USLV.L drawdown since its inception was -40.77%, which is greater than EUDV.L's maximum drawdown of -31.67%. Use the drawdown chart below to compare losses from any high point for USLV.L and EUDV.L.

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Drawdown Indicators

USLV.LEUDV.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.77%

-31.67%

-9.10%

Max Drawdown (1Y)

Largest decline over 1 year

-7.95%

-9.17%

+1.22%

Max Drawdown (3Y)

Largest decline over 3 years

-20.65%

-9.80%

-10.85%

Max Drawdown (5Y)

Largest decline over 5 years

-20.65%

-22.16%

+1.51%

Max Drawdown (10Y)

Largest decline over 10 years

-27.37%

-31.67%

+4.30%

Current Drawdown

Current decline from peak

-1.77%

-1.52%

-0.25%

Average Drawdown

Average peak-to-trough decline

-9.78%

-5.95%

-3.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.27%

2.97%

+0.30%

Volatility

USLV.L vs. EUDV.L - Volatility Comparison

SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) has a higher volatility of 3.93% compared to SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) at 2.87%. This indicates that USLV.L's price experiences larger fluctuations and is considered to be riskier than EUDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USLV.LEUDV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.93%

2.87%

+1.06%

Volatility (6M)

Calculated over the trailing 6-month period

8.68%

9.01%

-0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

10.94%

10.75%

+0.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.70%

13.46%

+5.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.87%

14.78%

+2.09%

USLV.L vs. EUDV.L - Expense Ratio Comparison

USLV.L has a 0.35% expense ratio, which is higher than EUDV.L's 0.30% expense ratio.

Dividends

USLV.L vs. EUDV.L - Dividend Comparison

USLV.L has not paid dividends to shareholders, while EUDV.L's dividend yield for the trailing twelve months is around 3.53%.

PositionTTM20252024202320222021202020192018201720162015
EUDV.L
SPDR® S&P Euro Dividend Aristocrats UCITS ETF		3.53%4.04%3.68%3.29%3.56%2.86%3.14%3.23%3.71%3.13%2.94%2.97%
USLV.L
SPDR S&P 500 Low Volatility UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

USLV.L and EUDV.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, EUDV.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

EUDV.L is cheaper with a 0.30% expense ratio, compared with 0.35% for USLV.L.

USLV.L is categorized as S&P 500, while EUDV.L is Europe Equities. USLV.L tracks S&P 500 Low Volatility Index, while EUDV.L tracks MSCI EMU NR EUR. Their fees differ too: 0.35% for USLV.L and 0.30% for EUDV.L.

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