USVL.L vs. WRDA.L
USVL.L (State Street SPDR MSCI USA Value UCITS ETF USD Acc) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - USVL.L tracks the State Street SPDR MSCI USA Value UCITS ETF USD Acc while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, USVL.L returned 48.22% vs 22.07% for WRDA.L. A 0.72 correlation means they provide meaningful diversification when combined. USVL.L charges 0.20%/yr vs 0.06%/yr for WRDA.L.
Performance
USVL.L vs. WRDA.L - Performance Comparison
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Different Trading Currencies
USVL.L is traded in USD, while WRDA.L is traded in GBp. To make them comparable, the WRDA.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 23.80% return, which is significantly higher than WRDA.L's 10.11% 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%
WRDA.L
- 1D
- 0.00%
- 1M
- 0.23%
- 6M
- 8.92%
- YTD
- 10.11%
- 1Y
- 22.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USVL.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USVL.L State Street SPDR MSCI USA Value UCITS ETF USD Acc | 23.80% | 28.52% | 5.06% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.11% | 21.28% | 17.83% |
Correlation
The correlation between USVL.L and WRDA.L is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.72 |
The correlation between USVL.L and WRDA.L has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.
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Return for Risk
USVL.L vs. WRDA.L — Risk / Return Rank
USVL.L
WRDA.L
USVL.L vs. WRDA.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 UBS Core MSCI World UCITS ETF USD Acc (WRDA.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 | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.76 | ||
| Sortino ratioReturn per unit of downside risk | +3.53 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.34 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 6.46 | 0.80 | +5.67 |
| Martin ratioReturn relative to average drawdown | 19.45 | 1.20 | +18.24 |
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Drawdowns
USVL.L vs. WRDA.L - Drawdown Comparison
The maximum USVL.L drawdown since its inception was -40.24%, which is greater than WRDA.L's maximum drawdown of -27.71%. Use the drawdown chart below to compare losses from any high point for USVL.L and WRDA.L.
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Drawdown Indicators
| USVL.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.24% | -27.71% | -12.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -27.71% | +19.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.24% | — | — |
Current DrawdownCurrent decline from peak | -5.75% | -15.53% | +9.78% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -7.46% | +1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 18.35% | -15.77% |
Volatility
USVL.L vs. WRDA.L - Volatility Comparison
State Street SPDR MSCI USA Value UCITS ETF USD Acc (USVL.L) has a higher volatility of 4.22% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 2.96%. This indicates that USVL.L's price experiences larger fluctuations and is considered to be riskier than WRDA.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 | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 2.96% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 9.04% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.37% | 43.30% | -27.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 29.74% | -12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 29.74% | -11.57% |
USVL.L vs. WRDA.L - Expense Ratio Comparison
USVL.L has a 0.20% expense ratio, which is higher than WRDA.L's 0.06% 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. WRDA.L - Dividend Comparison
Neither USVL.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
USVL.L and WRDA.L have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.20% for USVL.L.
USVL.L tracks State Street SPDR MSCI USA Value UCITS ETF USD Acc, while WRDA.L tracks MSCI World Index. They also come from different issuers: State Street and UBS. Their fees differ too: 0.20% for USVL.L and 0.06% for WRDA.L.
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