USVL.L vs. LGUS.L
USVL.L (State Street SPDR MSCI USA Value UCITS ETF USD Acc) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - USVL.L tracks the State Street SPDR MSCI USA Value UCITS ETF USD Acc while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 5 years, USVL.L returned 12.09%/yr vs 12.82%/yr for LGUS.L. Their correlation of 0.81 suggests significant overlap in exposure. USVL.L charges 0.20%/yr vs 0.05%/yr for LGUS.L.
Performance
USVL.L vs. LGUS.L - Performance Comparison
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Returns By Period
In the year-to-date period, USVL.L achieves a 23.80% return, which is significantly higher than LGUS.L's 10.34% return.
USVL.L
- 1D
- -0.23%
- 1M
- -3.95%
- 6M
- 20.72%
- YTD
- 23.80%
- 1Y
- 48.22%
- 3Y*
- 22.39%
- 5Y*
- 12.09%
- 10Y*
- 12.08%
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
USVL.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USVL.L State Street SPDR MSCI USA Value UCITS ETF USD Acc | 23.80% | 28.52% | 4.90% | 15.93% | -15.04% | 29.87% | 1.93% | 26.43% | -12.94% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 21.16% | 30.91% | -9.25% |
Correlation
The correlation between USVL.L and LGUS.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.81 |
The correlation between USVL.L and LGUS.L has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.
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Return for Risk
USVL.L vs. LGUS.L — Risk / Return Rank
USVL.L
LGUS.L
USVL.L vs. LGUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI USA Value UCITS ETF USD Acc (USVL.L) and L&G US Equity UCITS ETF (LGUS.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.
| USVL.L | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.32 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 6.46 | 2.59 | +3.87 |
| Martin ratioReturn relative to average drawdown | 19.45 | 9.99 | +9.46 |
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Drawdowns
USVL.L vs. LGUS.L - Drawdown Comparison
The maximum USVL.L drawdown since its inception was -40.24%, which is greater than LGUS.L's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for USVL.L and LGUS.L.
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Drawdown Indicators
| USVL.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.24% | -34.26% | -5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -8.58% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -19.46% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -25.55% | -25.64% | +0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -40.24% | — | — |
Current DrawdownCurrent decline from peak | -5.75% | -0.49% | -5.26% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -5.30% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.23% | +0.35% |
Volatility
USVL.L vs. LGUS.L - Volatility Comparison
State Street SPDR MSCI USA Value UCITS ETF USD Acc (USVL.L) has a higher volatility of 4.22% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that USVL.L's price experiences larger fluctuations and is considered to be riskier than LGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USVL.L | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 2.86% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 9.41% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.37% | 12.47% | +2.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 16.51% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 18.10% | +0.07% |
USVL.L vs. LGUS.L - Expense Ratio Comparison
USVL.L has a 0.20% expense ratio, which is higher than LGUS.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
USVL.L vs. LGUS.L - Dividend Comparison
Neither USVL.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
USVL.L and LGUS.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.20% for USVL.L.
USVL.L tracks State Street SPDR MSCI USA Value UCITS ETF USD Acc, while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: State Street and L&G. Their fees differ too: 0.20% for USVL.L and 0.05% for LGUS.L.
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