DHSD.L vs. UINC.L

Last updated Jul 16, 2026

DHSD.L (WisdomTree US High Dividend UCITS ETF USD (Dist)) and UINC.L (First Trust US Equity Income UCITS ETF) are both Dividend funds - DHSD.L tracks the WisdomTree US High Dividend UCITS Index while UINC.L tracks the First Trust US Equity Income UCITS ETF. Both are passively managed. Over the past 10 years, DHSD.L returned 8.41%/yr vs 10.27%/yr for UINC.L. Their correlation of 0.80 suggests significant overlap in exposure.

Performance

DHSD.L vs. UINC.L - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, DHSD.L achieves a 12.22% return, which is significantly lower than UINC.L's 17.86% return. Over the past 10 years, DHSD.L has underperformed UINC.L with an annualized return of 8.41%, while UINC.L has yielded a comparatively higher 10.27% annualized return.

DHSD.L

• 1D: -0.30%
• 1M: 2.29%
• 6M: 9.22%
• YTD: 12.22%
• 1Y: 22.82%
• 3Y*: 15.91%
• 5Y*: 10.88%
• 10Y*: 8.41%

UINC.L

• 1D: 0.00%
• 1M: 2.67%
• 6M: 14.67%
• YTD: 17.86%
• 1Y: 24.20%
• 3Y*: 15.83%
• 5Y*: 9.87%
• 10Y*: 10.27%

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

DHSD.L vs. UINC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DHSD.L WisdomTree US High Dividend UCITS ETF USD (Dist)	12.22%	12.71%	15.26%	-0.25%	7.25%	23.90%	-6.21%	20.65%	-8.19%	11.28%
UINC.L First Trust US Equity Income UCITS ETF	17.86%	7.56%	6.68%	16.63%	-6.91%	33.71%	0.21%	17.10%	-8.88%	15.05%

Correlation

The correlation between DHSD.L and UINC.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	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016	0.80

The correlation between DHSD.L and UINC.L has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

DHSD.L vs. UINC.L — Risk / Return Rank

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

DHSD.L

DHSD.L Risk / Return Rank: 75
DHSD.L Sharpe Ratio Rank: 81
DHSD.L Sortino Ratio Rank: 84
DHSD.L Omega Ratio Rank: 76
DHSD.L Calmar Ratio Rank: 70
DHSD.L Martin Ratio Rank: 64

UINC.L

UINC.L Risk / Return Rank: 81
UINC.L Sharpe Ratio Rank: 77
UINC.L Sortino Ratio Rank: 79
UINC.L Omega Ratio Rank: 71
UINC.L Calmar Ratio Rank: 92
UINC.L Martin Ratio Rank: 85

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.

DHSD.L vs. UINC.L - Risk-Adjusted Trends Comparison

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

	DHSD.L	UINC.L	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.06	0.00
Sortino ratio: Return per unit of downside risk	3.04	3.13	-0.09
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	2.80	3.69	-0.90
Martin ratio: Return relative to average drawdown	9.12	10.25	-1.14

DHSD.L vs. UINC.L - Sharpe Ratio Comparison

The current DHSD.L Sharpe Ratio is 2.06, which is comparable to the UINC.L Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of DHSD.L and UINC.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

DHSD.L vs. UINC.L - Drawdown Comparison

The maximum DHSD.L drawdown since its inception was -37.27%, smaller than the maximum UINC.L drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for DHSD.L and UINC.L.

Drawdown Indicators

	DHSD.L	UINC.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.27%	-45.64%	+8.37%
Max Drawdown (1Y) Largest decline over 1 year	-8.23%	-7.04%	-1.19%
Max Drawdown (3Y) Largest decline over 3 years	-16.10%	-21.58%	+5.48%
Max Drawdown (5Y) Largest decline over 5 years	-17.25%	-21.58%	+4.33%
Max Drawdown (10Y) Largest decline over 10 years	-37.27%	-45.00%	+7.73%
Current Drawdown Current decline from peak	-0.43%	0.00%	-0.43%
Average Drawdown Average peak-to-trough decline	-4.36%	-10.56%	+6.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	2.54%	-0.01%

Volatility

DHSD.L vs. UINC.L - Volatility Comparison

WisdomTree US High Dividend UCITS ETF USD (Dist) (DHSD.L) and First Trust US Equity Income UCITS ETF (UINC.L) have volatilities of 3.04% and 3.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DHSD.L	UINC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.04%	3.18%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	8.44%	8.85%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	11.20%	12.74%	-1.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	17.95%	-3.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.47%	20.46%	-4.99%

Dividends

DHSD.L vs. UINC.L - Dividend Comparison

DHSD.L's dividend yield for the trailing twelve months is around 2.61%, less than UINC.L's 2.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DHSD.L WisdomTree US High Dividend UCITS ETF USD (Dist)	2.61%	2.82%	3.00%	3.37%	2.91%	2.92%	3.49%	3.03%	3.21%	2.57%	2.81%	2.53%
UINC.L First Trust US Equity Income UCITS ETF	2.82%	3.03%	2.84%	3.20%	3.25%	2.15%	3.40%	3.14%	3.01%	2.49%	1.60%	0.00%

Frequently Asked Questions

Can I hold both DHSD.L and UINC.L in my portfolio?

DHSD.L and UINC.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.

What is the main difference between DHSD.L and UINC.L?

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