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

USLV.L vs. UKDV.L

Last updated Jun 26, 2026

USLV.L (SPDR S&P 500 Low Volatility UCITS ETF) and UKDV.L (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - USLV.L is a S&P 500 fund tracking the S&P 500 Low Volatility Index, while UKDV.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 10 years, USLV.L returned 8.09%/yr vs 5.57%/yr for UKDV.L. At a 0.39 correlation, their price movements are largely independent. USLV.L charges 0.35%/yr vs 0.30%/yr for UKDV.L.

Performance

USLV.L vs. UKDV.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 UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, USLV.L achieves a 7.43% return, which is significantly lower than UKDV.L's 8.52% return. Over the past 10 years, USLV.L has outperformed UKDV.L with an annualized return of 8.09%, while UKDV.L has yielded a comparatively lower 5.57% 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%

UKDV.L

1D
0.15%
1M
2.53%
YTD
8.52%
6M
8.61%
1Y
16.88%
3Y*
14.39%
5Y*
7.18%
10Y*
5.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
UKDV.L
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)		8.52%16.89%10.35%5.75%-8.09%14.13%-17.26%32.17%-15.39%3.71%

Correlation

The correlation between USLV.L and UKDV.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.25

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

0.25

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

0.29

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

0.39

The correlation between USLV.L and UKDV.L shifts across timeframes, from 0.25 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.

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

Sectors
USLV.L
UKDV.L

Utilities

25.3%
4.9%

Financial Services

21.3%
23.8%

Real Estate

18.0%
13.6%

Industrials

11.4%
23.7%

Consumer Defensive

9.6%
10.9%

Consumer Cyclical

4.0%
6.8%

Healthcare

4.0%
8.2%

Energy

2.7%

-

Technology

1.9%
1.2%

Basic Materials

1.0%
3.9%

Communication Services

0.9%
3.0%

Utilities

USLV.L
25.3%
UKDV.L
4.9%

Financial Services

USLV.L
21.3%
UKDV.L
23.8%

Real Estate

USLV.L
18.0%
UKDV.L
13.6%

Industrials

USLV.L
11.4%
UKDV.L
23.7%

Consumer Defensive

USLV.L
9.6%
UKDV.L
10.9%

Consumer Cyclical

USLV.L
4.0%
UKDV.L
6.8%

Healthcare

USLV.L
4.0%
UKDV.L
8.2%

Energy

USLV.L
2.7%
UKDV.L

-

Technology

USLV.L
1.9%
UKDV.L
1.2%

Basic Materials

USLV.L
1.0%
UKDV.L
3.9%

Communication Services

USLV.L
0.9%
UKDV.L
3.0%

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 UK Dividend Aristocrats UCITS ETF (Dist)

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 UKDV.L:
UKDV.L vs. IUKD.LUKDV.L vs. SCHDUKDV.L vs. VHYG.LUKDV.L vs. ISF.LUKDV.L vs. VGOV.LUKDV.L vs. LDEG.LUKDV.L vs. VUKE.L

Return for Risk

USLV.L vs. UKDV.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: 2525
Overall Rank
USLV.L Sharpe Ratio Rank: 2626
Sharpe Ratio Rank
USLV.L Sortino Ratio Rank: 2626
Sortino Ratio Rank
USLV.L Omega Ratio Rank: 2323
Omega Ratio Rank
USLV.L Calmar Ratio Rank: 2727
Calmar Ratio Rank
USLV.L Martin Ratio Rank: 2424
Martin Ratio Rank
UKDV.L
UKDV.L Risk / Return Rank: 3737
Overall Rank
UKDV.L Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
UKDV.L Sortino Ratio Rank: 3737
Sortino Ratio Rank
UKDV.L Omega Ratio Rank: 3636
Omega Ratio Rank
UKDV.L Calmar Ratio Rank: 3535
Calmar Ratio Rank
UKDV.L Martin Ratio Rank: 3838
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. UKDV.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 UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.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.LUKDV.LDifference
Sharpe ratioReturn per unit of total volatility
0.90
1.21

-0.31

Sortino ratioReturn per unit of downside risk
1.38
1.77

-0.39

Omega ratioGain probability vs. loss probability

1.16

1.22

-0.06

Calmar ratioReturn relative to maximum drawdown

1.21

1.60

-0.40

Martin ratioReturn relative to average drawdown

2.96

5.41

-2.44

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

The current USLV.L Sharpe Ratio is 0.90, which is comparable to the UKDV.L Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of USLV.L and UKDV.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. UKDV.L - Drawdown Comparison

The maximum USLV.L drawdown since its inception was -40.77%, which is greater than UKDV.L's maximum drawdown of -38.19%. Use the drawdown chart below to compare losses from any high point for USLV.L and UKDV.L.

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Drawdown Indicators

USLV.LUKDV.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.77%

-38.19%

-2.58%

Max Drawdown (1Y)

Largest decline over 1 year

-7.95%

-10.48%

+2.53%

Max Drawdown (3Y)

Largest decline over 3 years

-20.65%

-13.06%

-7.59%

Max Drawdown (5Y)

Largest decline over 5 years

-20.65%

-18.56%

-2.09%

Max Drawdown (10Y)

Largest decline over 10 years

-27.37%

-38.19%

+10.82%

Current Drawdown

Current decline from peak

-1.81%

0.00%

-1.81%

Average Drawdown

Average peak-to-trough decline

-9.82%

-7.64%

-2.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.25%

3.11%

+0.14%

Volatility

USLV.L vs. UKDV.L - Volatility Comparison

The current volatility for SPDR S&P 500 Low Volatility UCITS ETF (USLV.L) is 4.18%, while SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (UKDV.L) has a volatility of 4.98%. This indicates that USLV.L experiences smaller price fluctuations and is considered to be less risky than UKDV.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.LUKDV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.18%

4.98%

-0.80%

Volatility (6M)

Calculated over the trailing 6-month period

8.34%

12.02%

-3.68%

Volatility (1Y)

Calculated over the trailing 1-year period

10.71%

13.94%

-3.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.68%

14.26%

+4.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.91%

15.77%

+1.14%

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

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

Dividends

USLV.L vs. UKDV.L - Dividend Comparison

USLV.L has not paid dividends to shareholders, while UKDV.L's dividend yield for the trailing twelve months is around 3.37%.

PositionTTM20252024202320222021202020192018201720162015
UKDV.L
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)		3.37%3.65%3.40%3.65%4.54%3.64%3.27%4.05%4.67%3.78%4.28%3.99%
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 UKDV.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

UKDV.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 UKDV.L is Europe Equities. USLV.L tracks S&P 500 Low Volatility Index, while UKDV.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.35% for USLV.L and 0.30% for UKDV.L.

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