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UVAL.L vs. IUVF.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UVAL.L vs. IUVF.L

Last updated Jun 4, 2026

UVAL.L (SPDR MSCI USA Value Weighted UCITS ETF) and IUVF.L (iShares Edge MSCI USA Value Factor UCITS) are both Large Cap Value Equities funds tracking the Russell 1000 Value TR USD, from State Street and iShares respectively. Both are passively managed. Over the past 5 years, UVAL.L returned 13.79%/yr vs 17.20%/yr for IUVF.L. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.20% expense ratio.

Performance

UVAL.L vs. IUVF.L - 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 Edge MSCI USA Value Factor UCITS (IUVF.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

UVAL.L is traded in GBP, while IUVF.L is traded in GBp. To make them comparable, the IUVF.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 31.16% return, which is significantly lower than IUVF.L's 48.06% return.

UVAL.L

1D
-0.05%
1M
18.76%
YTD
31.16%
6M
34.50%
1Y
67.14%
3Y*
23.73%
5Y*
13.79%
10Y*
13.99%

IUVF.L

1D
0.23%
1M
22.44%
YTD
48.06%
6M
50.85%
1Y
93.21%
3Y*
30.56%
5Y*
17.20%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

UVAL.L vs. IUVF.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UVAL.L
SPDR MSCI USA Value Weighted UCITS ETF		31.16%19.90%6.56%9.53%-4.90%31.55%-1.54%22.51%-7.42%8.19%
IUVF.L
iShares Edge MSCI USA Value Factor UCITS		48.06%23.92%8.23%8.28%-4.63%31.29%-5.36%22.90%-7.17%10.45%

Correlation

The correlation between UVAL.L and IUVF.L is 0.94, 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

0.94

Correlation (3Y)
Calculated over the trailing 3-year period

0.96

Correlation (5Y)
Calculated over the trailing 5-year period

0.97

Correlation (All Time)
Calculated using the full available price history since Nov 3, 2016

0.93

The correlation between UVAL.L and IUVF.L has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

UVAL.L vs. IUVF.L - Sectors Allocation Comparison

Sectors
UVAL.L
IUVF.L

Technology

41.0%
50.9%

Financial Services

11.6%
9.1%

Healthcare

9.1%
7.9%

Communication Services

9.0%
7.2%

Consumer Cyclical

8.9%
7.6%

Industrials

6.8%
6.4%

Consumer Defensive

4.3%
3.6%

Energy

3.6%
2.7%

Utilities

2.1%
1.7%

Real Estate

1.8%
1.6%

Basic Materials

1.8%
1.4%

Technology

UVAL.L
41.0%
IUVF.L
50.9%

Financial Services

UVAL.L
11.6%
IUVF.L
9.1%

Healthcare

UVAL.L
9.1%
IUVF.L
7.9%

Communication Services

UVAL.L
9.0%
IUVF.L
7.2%

Consumer Cyclical

UVAL.L
8.9%
IUVF.L
7.6%

Industrials

UVAL.L
6.8%
IUVF.L
6.4%

Consumer Defensive

UVAL.L
4.3%
IUVF.L
3.6%

Energy

UVAL.L
3.6%
IUVF.L
2.7%

Utilities

UVAL.L
2.1%
IUVF.L
1.7%

Real Estate

UVAL.L
1.8%
IUVF.L
1.6%

Basic Materials

UVAL.L
1.8%
IUVF.L
1.4%

Compare stocks, funds, or ETFs

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SPDR MSCI USA Value Weighted UCITS ETF

iShares Edge MSCI USA Value Factor UCITS

Often compared with UVAL.L:
UVAL.L vs. IUVD.LUVAL.L vs. IUVL.LUVAL.L vs. IUSVUVAL.L vs. UC07.LUVAL.L vs. USLV.LUVAL.L vs. UC96.LUVAL.L vs. ACWD.L
Often compared with IUVF.L:
IUVF.L vs. VTVIUVF.L vs. VLUEIUVF.L vs. VIVAXIUVF.L vs. EWSP.LIUVF.L vs. JREG.LIUVF.L vs. JREU.LIUVF.L vs. URTH

Return for Risk

UVAL.L vs. IUVF.L — 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: 9797
Overall Rank
UVAL.L Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
UVAL.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
UVAL.L Omega Ratio Rank: 9797
Omega Ratio Rank
UVAL.L Calmar Ratio Rank: 9797
Calmar Ratio Rank
UVAL.L Martin Ratio Rank: 9797
Martin Ratio Rank
IUVF.L
IUVF.L Risk / Return Rank: 9898
Overall Rank
IUVF.L Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
IUVF.L Sortino Ratio Rank: 9898
Sortino Ratio Rank
IUVF.L Omega Ratio Rank: 9898
Omega Ratio Rank
IUVF.L Calmar Ratio Rank: 9898
Calmar Ratio Rank
IUVF.L Martin Ratio Rank: 9898
Martin Ratio Rank
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. IUVF.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 iShares Edge MSCI USA Value Factor UCITS (IUVF.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.

UVAL.LIUVF.LDifference
Sharpe ratioReturn per unit of total volatility
4.96
6.10

-1.14

Sortino ratioReturn per unit of downside risk
6.76
8.02

-1.26

Omega ratioGain probability vs. loss probability

1.88

2.08

-0.20

Calmar ratioReturn relative to maximum drawdown

12.08

16.23

-4.15

Martin ratioReturn relative to average drawdown

42.84

63.11

-20.27

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. IUVF.L - Sharpe Ratio Comparison

The current UVAL.L Sharpe Ratio is 4.96, which is comparable to the IUVF.L Sharpe Ratio of 6.10. The chart below compares the historical Sharpe Ratios of UVAL.L and IUVF.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UVAL.LIUVF.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.96

6.10

-1.14

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.89

1.08

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.84

-0.10

Drawdowns

UVAL.L vs. IUVF.L - Drawdown Comparison

The maximum UVAL.L drawdown since its inception was -32.55%, roughly equal to the maximum IUVF.L drawdown of -31.83%. Use the drawdown chart below to compare losses from any high point for UVAL.L and IUVF.L.

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Drawdown Indicators

UVAL.LIUVF.LDifference

Max Drawdown

Largest peak-to-trough decline

-32.55%

-31.83%

-0.72%

Max Drawdown (1Y)

Largest decline over 1 year

-5.53%

-5.71%

+0.18%

Max Drawdown (3Y)

Largest decline over 3 years

-21.03%

-20.13%

-0.90%

Max Drawdown (5Y)

Largest decline over 5 years

-21.03%

-20.13%

-0.90%

Max Drawdown (10Y)

Largest decline over 10 years

-32.55%

—

—

Current Drawdown

Current decline from peak

-0.05%

0.00%

-0.05%

Average Drawdown

Average peak-to-trough decline

-5.12%

-5.67%

+0.55%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.56%

1.47%

+0.09%

Volatility

UVAL.L vs. IUVF.L - Volatility Comparison

The current volatility for SPDR MSCI USA Value Weighted UCITS ETF (UVAL.L) is 5.62%, while iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a volatility of 6.92%. This indicates that UVAL.L experiences smaller price fluctuations and is considered to be less risky than IUVF.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.LIUVF.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.62%

6.92%

-1.30%

Volatility (6M)

Calculated over the trailing 6-month period

9.96%

12.03%

-2.07%

Volatility (1Y)

Calculated over the trailing 1-year period

13.53%

15.26%

-1.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.49%

15.93%

-0.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.34%

18.44%

-1.10%

UVAL.L vs. IUVF.L - Expense Ratio Comparison

Both UVAL.L and IUVF.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

UVAL.L vs. IUVF.L - Dividend Comparison

Neither UVAL.L nor IUVF.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.94, UVAL.L and IUVF.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

UVAL.L and IUVF.L have the same expense ratio: 0.20% per year.

Both ETFs track Russell 1000 Value TR USD. They also come from different issuers: State Street and iShares.

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