# State Street SPDR S&P 500 Low Volatility UCITS ETF (USLV) **Page:** https://fundology.uk/fund/uslv · ISIN IE00B802KR88 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. 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. ## Summary 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. Latest close: **£68.25** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | USLV | | ISIN | IE00B802KR88 | | Also listed as | LOWV (London Stock Exchange, US dollars), SPY1 (Xetra, euros) | | Category | US shares | | Type | ETF | | Provider | SPDR | | Tracks | S&P 500 Low Volatility | | Income | Accumulating | | Ongoing charge | 0.35% a year (£35 per £10,000) | | Fund size | £89.7m | | Launched | 2012 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 03/10/2012 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +8.99% | +5.13% | income reinvested | | 3 years | +27.90% | +15.56% | income reinvested | | 5 years | +33.79% | +4.43% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2022 | +6.9% | -2.1% | Price | | 2023 | -6.1% | -9.8% | Price | | 2024 | +16.7% | +12.8% | Price | | 2025 | -4.9% | -8.1% | Price | | 2026 to 13/11/2026 | +14.1% | +10.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 11.76% | -7.29% | | 3 years | 10.39% | -10.00% | | 5 years | 11.85% | -14.56% | ## Largest fall 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. ## Charges compared with similar funds 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). ## 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Invesco S&P 500 Low Volatility UCITS ETF | 0.25% | +9.2% | +28.3% | — | | State Street SPDR S&P 500 Low Volatility UCITS ETF (this fund) | 0.35% | +9.0% | +27.9% | +33.8% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.35%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds 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%. ### Top holdings Largest positions (as of 05/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Berkshire Hathaway · Class B | [BRK.B](https://fundology.uk/stock/BRK.B) | 1.49% | | 2 | WEC Energy Group | [WEC](https://fundology.uk/stock/WEC) | 1.35% | | 3 | Duke Energy Corporation (Holding Company) | [DUK](https://fundology.uk/stock/DUK) | 1.31% | | 4 | Evergy | [EVRG](https://fundology.uk/stock/EVRG) | 1.29% | | 5 | Consolidated Edison | [ED](https://fundology.uk/stock/ED) | 1.28% | | 6 | Alliant Energy | [LNT](https://fundology.uk/stock/LNT) | 1.26% | | 7 | Atmos Energy | [ATO](https://fundology.uk/stock/ATO) | 1.26% | | 8 | FirstEnergy | [FE](https://fundology.uk/stock/FE) | 1.24% | | 9 | Regency Centers | [REG](https://fundology.uk/stock/REG) | 1.23% | | 10 | Aflac | [AFL](https://fundology.uk/stock/AFL) | 1.21% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By sector Added up from the fund’s published holdings, as of 05/11/2026. | Sector | Weight | |---|---| | Utilities | 27.2% | | Financials | 23.7% | | Real Estate | 16.5% | | Industrials | 12.9% | | Consumer Staples | 7.1% | | Consumer Discretionary | 3.9% | | Health Care | 3.9% | | Energy | 2.6% | | Other sectors | 2.1% | All 100 holdings: https://fundology.uk/fund/uslv/holdings ## 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. ## Fund documents - [Fund page at State Street Global Advisors](https://www.ssga.com/uk/en_gb/intermediary/etfs/state-street-spdr-sp-500-low-volatility-ucits-etf-acc-spy1-gy) - [Key investor information document (KIID)](https://www.ssga.com/library-content/kiids?isin=IE00B802KR88&documentType=kiid&country=uk&language=en_gb&ticker=spy1-gy) - [Factsheet](https://www.ssga.com/library-content/products/factsheets/etfs/emea/factsheet-emea-en_gb-spy1-gy.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.