UVAL.L vs. FLXB.L
UVAL.L (SPDR MSCI USA Value Weighted UCITS ETF) and FLXB.L (Franklin FTSE Brazil UCITS ETF USD (Acc)) are both exchange-traded funds - UVAL.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while FLXB.L is a Brazil Equities fund tracking the FTSE Brazil 30/18 Capped Index (Net Return). Both are passively managed. Over the past 5 years, UVAL.L returned 12.68%/yr vs 7.09%/yr for FLXB.L. At a 0.37 correlation, their price movements are largely independent. UVAL.L charges 0.20%/yr vs 0.19%/yr for FLXB.L.
Performance
UVAL.L vs. FLXB.L - Performance Comparison
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Different Trading Currencies
UVAL.L is traded in GBP, while FLXB.L is traded in USD. To make them comparable, the FLXB.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, UVAL.L achieves a 23.98% return, which is significantly higher than FLXB.L's 16.25% return.
UVAL.L
- 1D
- 0.17%
- 1M
- -3.14%
- 6M
- 18.49%
- YTD
- 23.98%
- 1Y
- 50.83%
- 3Y*
- 21.32%
- 5Y*
- 12.68%
- 10Y*
- 11.97%
FLXB.L
- 1D
- -0.20%
- 1M
- 2.04%
- 6M
- 10.30%
- YTD
- 16.25%
- 1Y
- 37.90%
- 3Y*
- 10.70%
- 5Y*
- 7.09%
- 10Y*
- —
UVAL.L vs. FLXB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UVAL.L SPDR MSCI USA Value Weighted UCITS ETF | 23.98% | 19.90% | 6.56% | 9.53% | -4.90% | 31.55% | -1.54% | 15.22% |
FLXB.L Franklin FTSE Brazil UCITS ETF USD (Acc) | 16.25% | 35.12% | -26.66% | 26.76% | 24.12% | -15.80% | -21.79% | 7.45% |
Correlation
The correlation between UVAL.L and FLXB.L is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.37 |
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Return for Risk
UVAL.L vs. FLXB.L — Risk / Return Rank
UVAL.L
FLXB.L
UVAL.L vs. FLXB.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA Value Weighted UCITS ETF (UVAL.L) and Franklin FTSE Brazil UCITS ETF USD (Acc) (FLXB.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.
| UVAL.L | FLXB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.29 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 8.50 | 2.33 | +6.17 |
| Martin ratioReturn relative to average drawdown | 25.05 | 6.00 | +19.05 |
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Drawdowns
UVAL.L vs. FLXB.L - Drawdown Comparison
The maximum UVAL.L drawdown since its inception was -43.04%, smaller than the maximum FLXB.L drawdown of -53.22%. Use the drawdown chart below to compare losses from any high point for UVAL.L and FLXB.L.
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Drawdown Indicators
| UVAL.L | FLXB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.04% | -53.22% | +10.18% |
Max Drawdown (1Y)Largest decline over 1 year | -5.95% | -16.22% | +10.27% |
Max Drawdown (3Y)Largest decline over 3 years | -21.03% | -27.64% | +6.61% |
Max Drawdown (5Y)Largest decline over 5 years | -21.03% | -27.64% | +6.61% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | — | — |
Current DrawdownCurrent decline from peak | -5.53% | -12.64% | +7.11% |
Average DrawdownAverage peak-to-trough decline | -12.99% | -19.44% | +6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 6.30% | -4.28% |
Volatility
UVAL.L vs. FLXB.L - Volatility Comparison
The current volatility for SPDR MSCI USA Value Weighted UCITS ETF (UVAL.L) is 4.13%, while Franklin FTSE Brazil UCITS ETF USD (Acc) (FLXB.L) has a volatility of 6.27%. This indicates that UVAL.L experiences smaller price fluctuations and is considered to be less risky than FLXB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UVAL.L | FLXB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 6.27% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 16.98% | -6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.02% | 22.57% | -8.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 26.28% | -5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.39% | 30.85% | -8.46% |
UVAL.L vs. FLXB.L - Expense Ratio Comparison
UVAL.L has a 0.20% expense ratio, which is higher than FLXB.L's 0.19% 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
UVAL.L vs. FLXB.L - Dividend Comparison
Neither UVAL.L nor FLXB.L has paid dividends to shareholders.
Frequently Asked Questions
UVAL.L and FLXB.L have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXB.L is cheaper with a 0.19% expense ratio, compared with 0.20% for UVAL.L.
UVAL.L is categorized as Large Cap Value Equities, while FLXB.L is Brazil Equities. UVAL.L tracks Russell 1000 Value TR USD, while FLXB.L tracks FTSE Brazil 30/18 Capped Index (Net Return). They also come from different issuers: State Street and Franklin. Their fees differ too: 0.20% for UVAL.L and 0.19% for FLXB.L.
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