UVAL.L vs. IWVU.L
UVAL.L (SPDR MSCI USA Value Weighted UCITS ETF) and IWVU.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Large Cap Value Equities funds - UVAL.L tracks the Russell 1000 Value TR USD while IWVU.L tracks the MSCI World Enhanced Value Index (Net). Both are passively managed. Over the past 5 years, UVAL.L returned 12.78%/yr vs 16.74%/yr for IWVU.L. A 0.79 correlation means they provide meaningful diversification when combined. UVAL.L charges 0.20%/yr vs 0.25%/yr for IWVU.L.
Performance
UVAL.L vs. IWVU.L - Performance Comparison
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Different Trading Currencies
UVAL.L is traded in GBP, while IWVU.L is traded in USD. To make them comparable, the IWVU.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 24.55% return, which is significantly lower than IWVU.L's 27.72% return.
UVAL.L
- 1D
- 0.46%
- 1M
- -2.43%
- 6M
- 19.62%
- YTD
- 24.55%
- 1Y
- 49.87%
- 3Y*
- 21.04%
- 5Y*
- 12.78%
- 10Y*
- 11.91%
IWVU.L
- 1D
- -0.15%
- 1M
- -5.96%
- 6M
- 22.69%
- YTD
- 27.72%
- 1Y
- 53.89%
- 3Y*
- 24.31%
- 5Y*
- 16.74%
- 10Y*
- —
UVAL.L vs. IWVU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UVAL.L SPDR MSCI USA Value Weighted UCITS ETF | 24.55% | 19.90% | 6.56% | 9.53% | -4.90% | 31.55% | -1.54% | 22.51% | -4.24% |
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 27.72% | 30.57% | 6.68% | 13.75% | 0.84% | 21.27% | -6.42% | 13.52% | -8.16% |
Correlation
The correlation between UVAL.L and IWVU.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2018 | 0.79 |
The correlation between UVAL.L and IWVU.L has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
UVAL.L vs. IWVU.L — Risk / Return Rank
UVAL.L
IWVU.L
UVAL.L vs. IWVU.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 World Value Factor UCITS ETF USD (Dist) (IWVU.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 | IWVU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.60 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 8.34 | 7.26 | +1.08 |
| Martin ratioReturn relative to average drawdown | 24.27 | 23.80 | +0.48 |
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Drawdowns
UVAL.L vs. IWVU.L - Drawdown Comparison
The maximum UVAL.L drawdown since its inception was -43.04%, which is greater than IWVU.L's maximum drawdown of -28.27%. Use the drawdown chart below to compare losses from any high point for UVAL.L and IWVU.L.
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Drawdown Indicators
| UVAL.L | IWVU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.04% | -28.27% | -14.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.95% | -7.38% | +1.43% |
Max Drawdown (3Y)Largest decline over 3 years | -21.03% | -13.99% | -7.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.03% | -13.99% | -7.04% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | — | — |
Current DrawdownCurrent decline from peak | -5.09% | -6.92% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -12.98% | -4.35% | -8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.05% | 2.26% | -0.21% |
Volatility
UVAL.L vs. IWVU.L - Volatility Comparison
The current volatility for SPDR MSCI USA Value Weighted UCITS ETF (UVAL.L) is 4.17%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVU.L) has a volatility of 6.41%. This indicates that UVAL.L experiences smaller price fluctuations and is considered to be less risky than IWVU.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 | IWVU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 6.41% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 14.65% | -3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 16.46% | -2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.66% | 14.71% | +5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.39% | 16.69% | +5.70% |
UVAL.L vs. IWVU.L - Expense Ratio Comparison
UVAL.L has a 0.20% expense ratio, which is lower than IWVU.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
UVAL.L vs. IWVU.L - Dividend Comparison
UVAL.L has not paid dividends to shareholders, while IWVU.L's dividend yield for the trailing twelve months is around 1.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IWVU.L iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 1.93% | 2.50% | 3.17% | 3.23% | 3.17% | 2.63% | 2.25% | 2.83% | 2.51% |
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% |
Frequently Asked Questions
UVAL.L and IWVU.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, UVAL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UVAL.L is cheaper with a 0.20% expense ratio, compared with 0.25% for IWVU.L.
UVAL.L tracks Russell 1000 Value TR USD, while IWVU.L tracks MSCI World Enhanced Value Index (Net). They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for UVAL.L and 0.25% for IWVU.L.
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