USVL.L vs. MVEW.L
USVL.L (State Street SPDR MSCI USA Value UCITS ETF USD (Acc)) and MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both exchange-traded funds - USVL.L is a Large Cap Value Equities fund tracking the MSCI USA Value Exposure Select Index, while MVEW.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, USVL.L returned 12.22%/yr vs 5.51%/yr for MVEW.L. A 0.58 correlation means they provide meaningful diversification when combined. USVL.L charges 0.20%/yr vs 0.30%/yr for MVEW.L.
Performance
USVL.L vs. MVEW.L - Performance Comparison
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Different Trading Currencies
USVL.L is traded in USD, while MVEW.L is traded in GBP. To make them comparable, the MVEW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USVL.L achieves a 24.47% return, which is significantly higher than MVEW.L's 2.44% return.
USVL.L
- 1D
- 0.16%
- 1M
- -2.10%
- 6M
- 20.13%
- YTD
- 24.47%
- 1Y
- 49.93%
- 3Y*
- 22.22%
- 5Y*
- 12.22%
- 10Y*
- 12.16%
MVEW.L
- 1D
- 0.60%
- 1M
- 3.38%
- 6M
- 2.70%
- YTD
- 2.44%
- 1Y
- 5.73%
- 3Y*
- 9.34%
- 5Y*
- 5.51%
- 10Y*
- —
USVL.L vs. MVEW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USVL.L State Street SPDR MSCI USA Value UCITS ETF USD (Acc) | 24.47% | 28.52% | 4.90% | 15.93% | -15.04% | 4.68% |
MVEW.L iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 2.44% | 11.43% | 10.72% | 9.39% | -11.08% | 7.84% |
Correlation
The correlation between USVL.L and MVEW.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 | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021 | 0.58 |
Over the past year, the correlation between USVL.L and MVEW.L has dropped to 0.25 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
USVL.L vs. MVEW.L — Risk / Return Rank
USVL.L
MVEW.L
USVL.L vs. MVEW.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 iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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 | MVEW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.64 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.12 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 6.42 | 0.89 | +5.53 |
| Martin ratioReturn relative to average drawdown | 19.17 | 2.29 | +16.88 |
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Drawdowns
USVL.L vs. MVEW.L - Drawdown Comparison
The maximum USVL.L drawdown since its inception was -40.24%, which is greater than MVEW.L's maximum drawdown of -21.42%. Use the drawdown chart below to compare losses from any high point for USVL.L and MVEW.L.
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Drawdown Indicators
| USVL.L | MVEW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.24% | -21.42% | -18.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -6.43% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -8.69% | -10.90% |
Max Drawdown (5Y)Largest decline over 5 years | -25.55% | -21.42% | -4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -40.24% | — | — |
Current DrawdownCurrent decline from peak | -5.24% | -1.20% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -4.82% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.50% | +0.10% |
Volatility
USVL.L vs. MVEW.L - Volatility Comparison
State Street SPDR MSCI USA Value UCITS ETF USD (Acc) (USVL.L) has a higher volatility of 3.96% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) at 1.72%. This indicates that USVL.L's price experiences larger fluctuations and is considered to be riskier than MVEW.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 | MVEW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 1.72% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.24% | 6.09% | +6.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.29% | 8.18% | +7.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 11.21% | +6.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 11.17% | +7.00% |
USVL.L vs. MVEW.L - Expense Ratio Comparison
USVL.L has a 0.20% expense ratio, which is lower than MVEW.L's 0.30% expense ratio.
Dividends
USVL.L vs. MVEW.L - Dividend Comparison
Neither USVL.L nor MVEW.L has paid dividends to shareholders.
Frequently Asked Questions
USVL.L and MVEW.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, USVL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USVL.L is cheaper with a 0.20% expense ratio, compared with 0.30% for MVEW.L.
USVL.L is categorized as Large Cap Value Equities, while MVEW.L is Global Equities. USVL.L tracks MSCI USA Value Exposure Select Index, while MVEW.L tracks MSCI ACWI NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for USVL.L and 0.30% for MVEW.L.
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