USVL.L vs. XDEV.L
USVL.L (State Street SPDR MSCI USA Value UCITS ETF USD Acc) and XDEV.L (Xtrackers MSCI World Value Factor UCITS ETF 1C) are both Global Equities funds - USVL.L tracks the State Street SPDR MSCI USA Value UCITS ETF USD Acc while XDEV.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, USVL.L returned 12.08%/yr vs 12.23%/yr for XDEV.L. A 0.80 correlation means they provide meaningful diversification when combined. USVL.L charges 0.20%/yr vs 0.25%/yr for XDEV.L.
Performance
USVL.L vs. XDEV.L - Performance Comparison
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Different Trading Currencies
USVL.L is traded in USD, while XDEV.L is traded in GBp. To make them comparable, the XDEV.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 lower than XDEV.L's 30.33% return. Both investments have delivered pretty close results over the past 10 years, with USVL.L having a 12.08% annualized return and XDEV.L not far ahead at 12.23%.
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%
XDEV.L
- 1D
- -1.10%
- 1M
- -3.59%
- 6M
- 26.45%
- YTD
- 30.33%
- 1Y
- 57.83%
- 3Y*
- 26.88%
- 5Y*
- 16.75%
- 10Y*
- 12.23%
USVL.L vs. XDEV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -10.49% | 16.19% |
XDEV.L Xtrackers MSCI World Value Factor UCITS ETF 1C | 30.33% | 40.36% | 5.01% | 19.23% | -9.79% | 20.57% | -4.03% | 19.16% | -14.37% | 22.56% |
Correlation
The correlation between USVL.L and XDEV.L is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.80 |
The correlation between USVL.L and XDEV.L has been stable across timeframes, ranging from 0.78 to 0.81 - a consistent structural relationship.
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Return for Risk
USVL.L vs. XDEV.L — Risk / Return Rank
USVL.L
XDEV.L
USVL.L vs. XDEV.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 Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.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 | XDEV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.62 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 6.46 | 6.59 | -0.13 |
| Martin ratioReturn relative to average drawdown | 19.45 | 23.86 | -4.41 |
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Drawdowns
USVL.L vs. XDEV.L - Drawdown Comparison
The maximum USVL.L drawdown since its inception was -40.24%, smaller than the maximum XDEV.L drawdown of -50.32%. Use the drawdown chart below to compare losses from any high point for USVL.L and XDEV.L.
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Drawdown Indicators
| USVL.L | XDEV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.24% | -50.32% | +10.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -8.73% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | -18.80% | -0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -25.55% | -26.72% | +1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -40.24% | -41.02% | +0.78% |
Current DrawdownCurrent decline from peak | -5.75% | -3.88% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -6.34% | -21.78% | +15.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.42% | +0.16% |
Volatility
USVL.L vs. XDEV.L - Volatility Comparison
The current volatility for State Street SPDR MSCI USA Value UCITS ETF USD Acc (USVL.L) is 4.22%, while Xtrackers MSCI World Value Factor UCITS ETF 1C (XDEV.L) has a volatility of 5.95%. This indicates that USVL.L experiences smaller price fluctuations and is considered to be less risky than XDEV.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 | XDEV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 5.95% | -1.73% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 13.95% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.37% | 16.24% | -0.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.46% | 20.88% | -3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 22.09% | -3.92% |
USVL.L vs. XDEV.L - Expense Ratio Comparison
USVL.L has a 0.20% expense ratio, which is lower than XDEV.L's 0.25% expense ratio. Despite the difference, 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. XDEV.L - Dividend Comparison
Neither USVL.L nor XDEV.L has paid dividends to shareholders.
Frequently Asked Questions
USVL.L and XDEV.L have a correlation of 0.80, 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 0.25% for XDEV.L.
USVL.L tracks State Street SPDR MSCI USA Value UCITS ETF USD Acc, while XDEV.L tracks MSCI ACWI Value NR USD. They also come from different issuers: State Street and DWS. Their fees differ too: 0.20% for USVL.L and 0.25% for XDEV.L.
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