USTY.L vs. USDV.L
USTY.L (SPDR Bloomberg US Treasury Bond UCITS ETF) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - USTY.L is a Government Bonds fund tracking the Bloomberg US Treasury Index, while USDV.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, USTY.L returned 2.28%/yr vs 9.84%/yr for USDV.L. At a 0.24 correlation, their price movements are largely independent. USTY.L charges 0.05%/yr vs 0.35%/yr for USDV.L.
Performance
USTY.L vs. USDV.L - Performance Comparison
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Returns By Period
In the year-to-date period, USTY.L achieves a 0.66% return, which is significantly lower than USDV.L's 7.22% return. Over the past 10 years, USTY.L has underperformed USDV.L with an annualized return of 2.28%, while USDV.L has yielded a comparatively higher 9.84% annualized return.
USTY.L
- 1D
- 0.21%
- 1M
- 1.14%
- YTD
- 0.66%
- 6M
- 0.16%
- 1Y
- 6.01%
- 3Y*
- 1.22%
- 5Y*
- 1.37%
- 10Y*
- 2.28%
USDV.L
- 1D
- 0.13%
- 1M
- 1.76%
- YTD
- 7.22%
- 6M
- 7.16%
- 1Y
- 14.02%
- 3Y*
- 6.93%
- 5Y*
- 6.79%
- 10Y*
- 9.84%
USTY.L vs. USDV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF | 0.66% | 0.10% | 3.36% | -1.37% | -1.66% | -0.86% | 4.57% | 4.20% | 7.22% | -6.43% |
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 7.22% | 1.15% | 9.34% | -3.52% | 11.58% | 26.74% | -2.72% | 19.69% | 1.49% | 6.73% |
Correlation
The correlation between USTY.L and USDV.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2015 | 0.24 |
The correlation between USTY.L and USDV.L shifts across timeframes, from 0.18 (5 years) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USTY.L vs. USDV.L — Risk / Return Rank
USTY.L
USDV.L
USTY.L vs. USDV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.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.
| USTY.L | USDV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 2.12 | -0.96 |
| Martin ratioReturn relative to average drawdown | 3.15 | 5.42 | -2.26 |
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
| USTY.L | USDV.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.44 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.53 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.64 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.84 | -0.53 |
Drawdowns
USTY.L vs. USDV.L - Drawdown Comparison
The maximum USTY.L drawdown since its inception was -23.02%, smaller than the maximum USDV.L drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for USTY.L and USDV.L.
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Drawdown Indicators
| USTY.L | USDV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.02% | -27.80% | +4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.20% | -6.60% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -7.75% | -16.30% | +8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -16.04% | -16.30% | +0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -23.02% | -27.80% | +4.78% |
Current DrawdownCurrent decline from peak | -15.58% | -3.68% | -11.90% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -4.14% | -7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.58% | -0.68% |
Volatility
USTY.L vs. USDV.L - Volatility Comparison
The current volatility for SPDR Bloomberg US Treasury Bond UCITS ETF (USTY.L) is 2.21%, while SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) has a volatility of 2.53%. This indicates that USTY.L experiences smaller price fluctuations and is considered to be less risky than USDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USTY.L | USDV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.21% | 2.53% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 7.19% | -2.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.35% | 9.69% | -3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.77% | 12.78% | -4.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.02% | 15.33% | -5.31% |
USTY.L vs. USDV.L - Expense Ratio Comparison
USTY.L has a 0.05% expense ratio, which is lower than USDV.L's 0.35% expense ratio.
Dividends
USTY.L vs. USDV.L - Dividend Comparison
USTY.L's dividend yield for the trailing twelve months is around 4.87%, more than USDV.L's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis | 2.04% | 2.20% | 1.99% | 2.29% | 2.11% | 2.12% | 2.57% | 2.65% | 2.19% | 3.07% | 1.65% | 2.00% |
USTY.L SPDR Bloomberg US Treasury Bond UCITS ETF | 4.87% | 4.61% | 3.81% | 2.81% | 1.57% | 1.31% | 2.49% | 2.79% | 2.11% | 2.11% | 1.66% | 0.00% |
Frequently Asked Questions
USTY.L and USDV.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USTY.L is cheaper with a 0.05% expense ratio, compared with 0.35% for USDV.L.
USTY.L is categorized as Government Bonds, while USDV.L is Large Cap Blend Equities. USTY.L tracks Bloomberg US Treasury Index, while USDV.L tracks S&P High Yield Dividend Aristocrats Index. Their fees differ too: 0.05% for USTY.L and 0.35% for USDV.L.
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