ETF · SPDR
USLV State Street SPDR S&P 500 Low Volatility UCITS ETF
ISIN IE00B802KR88London Stock Exchange: USLVState Street Corp.
Latest close
LSE£68.25
on
- Ongoing charge
- 0.35% a year
- Fund size
- £89.7m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, USLV (State Street SPDR S&P 500 Low Volatility UCITS ETF, ISIN IE00B802KR88) closed at £68.25 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the five years to 13/11/2026 its total return was +33.8%, or +4.4% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +9.0%
- +5.1% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +27.9%
- +15.6% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +33.8%
- +4.4% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,338 on 13/11/2026 — about £1,044 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of State Street SPDR S&P 500 Low Volatility UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +6.9%, 2023 −6.1%, 2024 +16.7%, 2025 −4.9%; 2026 to 13/11/2026 +14.1%. Returns of State Street SPDR S&P 500 Low Volatility UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +0.4%; to 30/09/2025: +2.7%; to 30/09/2024: +12.8%; to 30/09/2023: −6.4%; to 30/09/2022: +19.1%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +14.1% | +10.4% | |
| to | −4.9% | −8.1% | |
| to | +16.7% | +12.8% | |
| −6.1% | −9.8% | ||
| +6.9% | −2.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +0.4% | −3.1% |
| from | +2.7% | −1.3% |
| from | +12.8% | +9.9% |
| from | −6.4% | −12.0% |
| from | +19.1% | +9.4% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
11.9%over 5 years
| 1 year | 11.8% |
|---|---|
| 3 years | 10.4% |
| 5 years | 11.9% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −14.6%
- From to
- Lowest 12-month return
- −13.1%
- 12 months to
- Highest 12-month return
- +26.1%
- 12 months to
- Below its highest weekly close since November 2021
- 0.0%
- High of , latest
In words: Volatility of State Street SPDR S&P 500 Low Volatility UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 11.8% over 1 year, 10.4% over 3 years, 11.9% over 5 years. Largest fall in the price of State Street SPDR S&P 500 Low Volatility UCITS ETF since November 2021, in pounds: −14.6% from 19/08/2022 to 06/10/2023. The lowest 12-month return of State Street SPDR S&P 500 Low Volatility UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −13.1% (12 months to 18/08/2023); the highest was +26.1% (12 months to 04/03/2022). On 13/11/2026 the price of State Street SPDR S&P 500 Low Volatility UCITS ETF was at its highest weekly close since November 2021, in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.35%
- a year
- On £10,000
- £35
- a year, roughly
- Over five years
- £174
- of £10,000, before growth
- 206 charge less
- 10 the same
- 38 charge more
Ongoing charge of State Street SPDR S&P 500 Low Volatility UCITS ETF 0.35% a year. Compared on 14/11/2026, 38 of the 254 other US share funds charge more, 10 the same and 206 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
State Street SPDR S&P 500 Low Volatility UCITS ETF is an exchange-traded fund (ETF) from SPDR, launched in 2012.
It tracks the S&P 500 Low Volatility — about 500 of the largest companies listed in the US.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
US shares: American companies, including the S&P 500 and Nasdaq-100 — the largest stock market in the world.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- USLV
- ISIN
- IE00B802KR88
- Also listed as
- LOWV (London Stock Exchange, US dollars), SPY1 (Xetra, euros)
- Provider
- SPDR
- Tracks
- S&P 500 Low Volatility
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.35% a year · about £35 on £10,000
- Fund size
- £89.7m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- US shares
Price chart
Over the last year, the closing price went from £61.80 on 14/11/2025 to £68.25 on 13/11/2026 (+10.4%). The lowest close shown was £59.83 on 02/01/2026 and the highest £68.25 on 13/11/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
260 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 100
- on record
- Ten largest
- 12.9%
- of the whole fund
- Effective number of holdings
- 98
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 1.5%
- Berkshire Hathaway · Class B
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Berkshire Hathaway · Class BBRK.BFinancialsUnited States | 1.49% |
| 2 | WEC Energy GroupWECUtilitiesUnited States | 1.35% |
| 3 | Duke Energy Corporation (Holding Company)DUKUtilitiesUnited States | 1.31% |
| 4 | EvergyEVRGUtilitiesUnited States | 1.29% |
| 5 | Consolidated EdisonEDUtilitiesUnited States | 1.28% |
| 6 | Alliant EnergyLNTUtilitiesUnited States | 1.26% |
| 7 | Atmos EnergyATOUtilitiesUnited States | 1.26% |
| 8 | FirstEnergyFEUtilitiesUnited States | 1.24% |
| 9 | Regency CentersREGReal EstateUnited States | 1.23% |
| 10 | AflacAFLFinancialsUnited States | 1.21% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Utilities27.2%
- Financials23.7%
- Real Estate16.5%
- Industrials12.9%
- Consumer Staples7.1%
- Consumer Discretionary3.9%
- Health Care3.9%
- Energy2.6%
- Other sectors2.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 100 holdings; the ten largest make up 12.9% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track S&P 500 Low Volatility, this one included and share classes counted once; their ongoing charges range from 0.25% to 0.35% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Invesco S&P 500 Low Volatility UCITS ETFAccumulating · 0.25% a year | 0.25% | +9.2% | +28.3% | Not reported |
| State Street SPDR S&P 500 Low Volatility UCITS ETFThis fundAccumulating · 0.35% a year | 0.35% | +9.0% | +27.9% | +33.8% |
As of
S&P 500 Low Volatility funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 252 rolling 12-month returns since January 2021, and of 148 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 192 US share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core S&P 500 UCITS ETF, over the three years to 13/11/2026 (152 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of USLV?
The ongoing charge of USLV is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of State Street SPDR S&P 500 Low Volatility UCITS ETF 0.35% a year. Compared on 14/11/2026, 38 of the 254 other US share funds charge more, 10 the same and 206 less (share classes counted once).
What does USLV track?
USLV tracks the S&P 500 Low Volatility — about 500 of the largest companies listed in the US.
Is USLV accumulating or distributing?
USLV is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of USLV?
The ISIN of USLV is IE00B802KR88. An ISIN identifies one exact share class of a fund; USLV is its ticker on the London Stock Exchange. The same share class is also listed as LOWV (London Stock Exchange, US dollars) and SPY1 (Xetra, euros).
What does USLV hold?
As of 05/11/2026, USLV holds 100 positions, according to its published holdings. The largest is Berkshire Hathaway · Class B at 1.49% of the fund; the ten largest make up 12.9%. Its ten largest holdings are Berkshire Hathaway · Class B (1.49%), WEC Energy Group (1.35%), Duke Energy Corporation (Holding Company) (1.31%), Evergy (1.29%), Consolidated Edison (1.28%), Alliant Energy (1.26%), Atmos Energy (1.26%), FirstEnergy (1.24%), Regency Centers (1.23%) and Aflac (1.21%).
What were USLV’s returns in each of the last five years?
Calendar-year returns of USLV in pounds (price, with income reinvested in the fund): 2022 +6.9%, 2023 −6.1%, 2024 +16.7%, 2025 −4.9%; 2026 to 13/11/2026 +14.1%. Past performance is not a guide to future returns.
How has USLV done after inflation?
Over the five years to 13/11/2026 USLV’s total return was +33.8%, or +4.4% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- CSP1iShares Core S&P 500 UCITS ETF0.07% a year · £116bn
- VUSAVanguard S&P 500 UCITS ETF0.07% a year · £40bn
- SPXPInvesco S&P 500 UCITS ETF0.05% a year · £31bn
- VUAGVanguard S&P 500 UCITS ETF Acc0.07% a year · £29bn
- CNX1iShares NASDAQ 100 UCITS ETF USD0.30% a year · £21bn
- IUSAiShares Core S&P 500 UCITS ETF USD (Dist)0.07% a year · £17bn
- SPX5State Street SPDR S&P 500 UCITS ETF USD0.03% a year · £16bn
- SPXLState Street SPDR S&P 500 UCITS ETF0.03% a year · £15bn
Fund documents and methods
- Fund documents
- Fund page at State Street Global Advisors · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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