UVAL.L vs. IUSV

Last updated Apr 1, 2026

Compare and contrast key facts about SPDR MSCI USA Value Weighted UCITS ETF (UVAL.L) and iShares Core S&P U.S. Value ETF (IUSV).

UVAL.L and IUSV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UVAL.L is a passively managed fund by State Street that tracks the performance of the Russell 1000 Value TR USD. It was launched on Feb 18, 2015. IUSV is a passively managed fund by iShares that tracks the performance of the S&P 900 Value Index. It was launched on Jul 24, 2000. Both UVAL.L and IUSV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

UVAL.L vs. IUSV - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR MSCI USA Value Weighted UCITS ETF (UVAL.L) and iShares Core S&P U.S. Value ETF (IUSV). The values are adjusted to include any dividend payments, if applicable.

UVAL.L vs. IUSV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UVAL.L SPDR MSCI USA Value Weighted UCITS ETF	1.52%	19.90%	6.56%	9.53%	-4.90%	31.55%	-1.54%	22.51%	-7.42%	8.19%
IUSV iShares Core S&P U.S. Value ETF	2.00%	4.81%	14.14%	15.64%	5.85%	26.40%	-1.43%	26.47%	-3.83%	5.13%

Different Trading Currencies

UVAL.L is traded in GBP, while IUSV is traded in USD. To make them comparable, the IUSV 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 1.52% return, which is significantly lower than IUSV's 2.00% return. Over the past 10 years, UVAL.L has underperformed IUSV with an annualized return of 11.09%, while IUSV has yielded a comparatively higher 12.42% annualized return.

UVAL.L

• 1D: -0.32%
• 1M: -4.65%
• YTD: 1.52%
• 6M: 12.03%
• 1Y: 25.34%
• 3Y*: 12.52%
• 5Y*: 8.75%
• 10Y*: 11.09%

IUSV

• 1D: 1.47%
• 1M: -2.71%
• YTD: 2.00%
• 6M: 5.01%
• 1Y: 10.28%
• 3Y*: 11.08%
• 5Y*: 11.24%
• 10Y*: 12.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UVAL.L vs. IUSV - Expense Ratio Comparison

UVAL.L has a 0.20% expense ratio, which is higher than IUSV's 0.04% 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%.

UVAL.L

SPDR MSCI USA Value Weighted UCITS ETF

IUSV

iShares Core S&P U.S. Value ETF

Return for Risk

UVAL.L vs. IUSV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UVAL.L

UVAL.L Risk / Return Rank: 78
UVAL.L Sharpe Ratio Rank: 80
UVAL.L Sortino Ratio Rank: 79
UVAL.L Omega Ratio Rank: 77
UVAL.L Calmar Ratio Rank: 77
UVAL.L Martin Ratio Rank: 76

IUSV

IUSV Risk / Return Rank: 51
IUSV Sharpe Ratio Rank: 48
IUSV Sortino Ratio Rank: 49
IUSV Omega Ratio Rank: 52
IUSV Calmar Ratio Rank: 49
IUSV Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UVAL.L vs. IUSV - 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 iShares Core S&P U.S. Value ETF (IUSV). 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.

	UVAL.L	IUSV	Difference
Sharpe ratio Return per unit of total volatility	1.56	0.63	+0.93
Sortino ratio Return per unit of downside risk	2.09	0.97	+1.13
Omega ratio Gain probability vs. loss probability	1.30	1.15	+0.15
Calmar ratio Return relative to maximum drawdown	2.09	0.95	+1.14
Martin ratio Return relative to average drawdown	8.28	3.48	+4.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UVAL.L vs. IUSV - Sharpe Ratio Comparison

The current UVAL.L Sharpe Ratio is 1.56, which is higher than the IUSV Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of UVAL.L and IUSV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UVAL.L	IUSV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	0.63	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.81	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.72	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.65	-0.05

Correlation

The correlation between UVAL.L and IUSV is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

UVAL.L vs. IUSV - Dividend Comparison

UVAL.L has not paid dividends to shareholders, while IUSV's dividend yield for the trailing twelve months is around 1.81%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UVAL.L SPDR MSCI USA Value Weighted UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IUSV iShares Core S&P U.S. Value ETF	1.81%	1.78%	2.15%	1.75%	2.22%	1.87%	2.40%	2.19%	2.67%	1.93%	4.44%	7.63%

Drawdowns

UVAL.L vs. IUSV - Drawdown Comparison

The maximum UVAL.L drawdown since its inception was -32.55%, smaller than the maximum IUSV drawdown of -38.36%. Use the drawdown chart below to compare losses from any high point for UVAL.L and IUSV.

Drawdown Indicators

	UVAL.L	IUSV	Difference
Max Drawdown Largest peak-to-trough decline	-32.55%	-56.88%	+24.33%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-12.13%	+0.39%
Max Drawdown (5Y) Largest decline over 5 years	-21.03%	-17.95%	-3.08%
Max Drawdown (10Y) Largest decline over 10 years	-32.55%	-37.54%	+4.99%
Current Drawdown Current decline from peak	-5.53%	-4.64%	-0.89%
Average Drawdown Average peak-to-trough decline	-5.18%	-6.33%	+1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	2.60%	+0.37%

Volatility

UVAL.L vs. IUSV - Volatility Comparison

SPDR MSCI USA Value Weighted UCITS ETF (UVAL.L) has a higher volatility of 4.29% compared to iShares Core S&P U.S. Value ETF (IUSV) at 3.50%. This indicates that UVAL.L's price experiences larger fluctuations and is considered to be riskier than IUSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UVAL.L	IUSV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	3.50%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	9.01%	8.31%	+0.70%
Volatility (1Y) Calculated over the trailing 1-year period	16.13%	16.30%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	13.89%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.25%	17.24%	+0.01%