DHS.L vs. UIND.L

Last updated Jul 16, 2026

DHS.L (WisdomTree US High Dividend UCITS ETF USD (Dist)) and UIND.L (First Trust US Equity Income UCITS ETF) are both Dividend funds - DHS.L tracks the WisdomTree US High Dividend UCITS Index while UIND.L tracks the First Trust US Equity Income UCITS ETF. Both are passively managed. Over the past 10 years, DHS.L returned 9.13%/yr vs 9.80%/yr for UIND.L. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

DHS.L vs. UIND.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree US High Dividend UCITS ETF USD (Dist) (DHS.L) and First Trust US Equity Income UCITS ETF (UIND.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DHS.L is traded in GBp, while UIND.L is traded in USD. To make them comparable, the UIND.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, DHS.L achieves a 12.15% return, which is significantly lower than UIND.L's 16.90% return. Over the past 10 years, DHS.L has underperformed UIND.L with an annualized return of 9.13%, while UIND.L has yielded a comparatively higher 9.80% annualized return.

DHS.L

• 1D: -0.35%
• 1M: 1.99%
• 6M: 8.98%
• YTD: 12.15%
• 1Y: 21.91%
• 3Y*: 16.07%
• 5Y*: 12.35%
• 10Y*: 9.13%

UIND.L

• 1D: 0.00%
• 1M: 1.24%
• 6M: 13.54%
• YTD: 16.90%
• 1Y: 22.09%
• 3Y*: 14.37%
• 5Y*: -56.21%
• 10Y*: 9.80%

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

DHS.L vs. UIND.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DHS.L WisdomTree US High Dividend UCITS ETF USD (Dist)	12.15%	4.77%	20.38%	-4.02%	19.92%	25.61%	-7.64%	18.85%	-2.86%	1.32%
UIND.L First Trust US Equity Income UCITS ETF	16.90%	-0.29%	8.60%	11.25%	-98.96%	13,070.24%	-1.81%	12.92%	-2.93%	5.14%

Correlation

The correlation between DHS.L and UIND.L is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016	0.68

The correlation between DHS.L and UIND.L shifts across timeframes, from 0.68 (all time) to 0.84 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

DHS.L vs. UIND.L — Risk / Return Rank

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

DHS.L

DHS.L Risk / Return Rank: 83
DHS.L Sharpe Ratio Rank: 85
DHS.L Sortino Ratio Rank: 85
DHS.L Omega Ratio Rank: 81
DHS.L Calmar Ratio Rank: 83
DHS.L Martin Ratio Rank: 81

UIND.L

UIND.L Risk / Return Rank: 78
UIND.L Sharpe Ratio Rank: 80
UIND.L Sortino Ratio Rank: 84
UIND.L Omega Ratio Rank: 73
UIND.L Calmar Ratio Rank: 84
UIND.L Martin Ratio Rank: 68

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.

DHS.L vs. UIND.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree US High Dividend UCITS ETF USD (Dist) (DHS.L) and First Trust US Equity Income UCITS ETF (UIND.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.

	DHS.L	UIND.L	Difference
Sharpe ratio: Return per unit of total volatility	2.18	1.86	+0.33
Sortino ratio: Return per unit of downside risk	3.07	2.67	+0.40
Omega ratio: Gain probability vs. loss probability	1.38	1.31	+0.06
Calmar ratio: Return relative to maximum drawdown	3.58	4.66	-1.08
Martin ratio: Return relative to average drawdown	12.31	13.08	-0.78

DHS.L vs. UIND.L - Sharpe Ratio Comparison

The current DHS.L Sharpe Ratio is 2.18, which is comparable to the UIND.L Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of DHS.L and UIND.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.

Drawdowns

DHS.L vs. UIND.L - Drawdown Comparison

The maximum DHS.L drawdown since its inception was -38.98%, smaller than the maximum UIND.L drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for DHS.L and UIND.L.

Drawdown Indicators

	DHS.L	UIND.L	Difference
Max Drawdown Largest peak-to-trough decline	-38.98%	-99.11%	+60.13%
Max Drawdown (1Y) Largest decline over 1 year	-6.40%	-5.19%	-1.21%
Max Drawdown (3Y) Largest decline over 3 years	-17.50%	-22.97%	+5.47%
Max Drawdown (5Y) Largest decline over 5 years	-18.39%	-99.11%	+80.72%
Max Drawdown (10Y) Largest decline over 10 years	-28.93%	-99.11%	+70.18%
Current Drawdown Current decline from peak	-1.32%	-98.60%	+97.28%
Average Drawdown Average peak-to-trough decline	-9.19%	-45.96%	+36.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.85%	+0.01%

Volatility

DHS.L vs. UIND.L - Volatility Comparison

The current volatility for WisdomTree US High Dividend UCITS ETF USD (Dist) (DHS.L) is 2.57%, while First Trust US Equity Income UCITS ETF (UIND.L) has a volatility of 4.43%. This indicates that DHS.L experiences smaller price fluctuations and is considered to be less risky than UIND.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DHS.L	UIND.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	4.43%	-1.86%
Volatility (6M) Calculated over the trailing 6-month period	8.13%	9.59%	-1.46%
Volatility (1Y) Calculated over the trailing 1-year period	10.53%	13.18%	-2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	47.62%	-33.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.89%	3,140.60%	-3,125.71%

Dividends

DHS.L vs. UIND.L - Dividend Comparison

DHS.L's dividend yield for the trailing twelve months is around 2.63%, less than UIND.L's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DHS.L WisdomTree US High Dividend UCITS ETF USD (Dist)	2.63%	2.89%	5.19%	5.19%	2.83%	2.87%	5.63%	4.86%	3.06%	2.70%	2.51%	2.46%
UIND.L First Trust US Equity Income UCITS ETF	2.78%	3.00%	2.90%	3.14%	3.27%	0.02%	3.14%	3.04%	3.14%	2.42%	1.69%	0.00%

Frequently Asked Questions

Can I hold both DHS.L and UIND.L in my portfolio?

DHS.L and UIND.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between DHS.L and UIND.L?

DHS.L tracks WisdomTree US High Dividend UCITS Index, while UIND.L tracks First Trust US Equity Income UCITS ETF. They also come from different issuers: WisdomTree and First Trust.