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FDN.L vs. UINC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDN.L vs. UINC.L

Last updated Jul 16, 2026
Documentation

FDN.L (First Trust Dow Jones Internet UCITS ETF Class A USD) and UINC.L (First Trust US Equity Income UCITS ETF) are both exchange-traded funds - FDN.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while UINC.L is a Dividend fund tracking the First Trust US Equity Income UCITS ETF. Both are passively managed. Over the past 5 years, FDN.L returned 3.25%/yr vs 10.14%/yr for UINC.L. At a 0.30 correlation, their price movements are largely independent.

Performance

FDN.L vs. UINC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.L) and First Trust US Equity Income UCITS ETF (UINC.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FDN.L achieves a 1.96% return, which is significantly lower than UINC.L's 16.69% return.

FDN.L

1D
-0.24%
1M
1.47%
6M
4.30%
YTD
1.96%
1Y
3.03%
3Y*
16.11%
5Y*
3.25%
10Y*
—

UINC.L

1D
-0.42%
1M
1.33%
6M
13.40%
YTD
16.69%
1Y
22.27%
3Y*
14.34%
5Y*
10.14%
10Y*
9.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
FDN.L
First Trust Dow Jones Internet UCITS ETF Class A USD		1.96%2.35%32.65%45.94%-40.28%8.39%48.88%-10.23%-18.96%
UINC.L
First Trust US Equity Income UCITS ETF		16.69%0.01%8.49%10.78%4.24%34.94%-2.77%12.59%-4.66%

Correlation

The correlation between FDN.L and UINC.L is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.32

Correlation (All Time)
Calculated using the full available price history since Jun 18, 2018

0.30

Over the past year, the correlation between FDN.L and UINC.L has dropped to 0.08 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

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First Trust Dow Jones Internet UCITS ETF Class A USD

First Trust US Equity Income UCITS ETF

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Return for Risk

FDN.L vs. UINC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FDN.L
FDN.L Risk / Return Rank: 1111
Overall Rank
FDN.L Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
FDN.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
FDN.L Omega Ratio Rank: 1111
Omega Ratio Rank
FDN.L Calmar Ratio Rank: 1111
Calmar Ratio Rank
FDN.L Martin Ratio Rank: 1111
Martin Ratio Rank
UINC.L
UINC.L Risk / Return Rank: 8181
Overall Rank
UINC.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
UINC.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
UINC.L Omega Ratio Rank: 7171
Omega Ratio Rank
UINC.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
UINC.L Martin Ratio Rank: 8585
Martin Ratio Rank
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.

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

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.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.

FDN.LUINC.LDifference
Sharpe ratioReturn per unit of total volatility
0.15
1.95

-1.80

Sortino ratioReturn per unit of downside risk
0.34
2.83

-2.49

Omega ratioGain probability vs. loss probability

1.04

1.34

-0.29

Calmar ratioReturn relative to maximum drawdown

0.14

4.79

-4.64

Martin ratioReturn relative to average drawdown

0.32

13.50

-13.18

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

The current FDN.L Sharpe Ratio is 0.15, which is lower than the UINC.L Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of FDN.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.

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Drawdowns

FDN.L vs. UINC.L - Drawdown Comparison

The maximum FDN.L drawdown since its inception was -46.90%, which is greater than UINC.L's maximum drawdown of -38.33%. Use the drawdown chart below to compare losses from any high point for FDN.L and UINC.L.

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Drawdown Indicators

FDN.LUINC.LDifference

Max Drawdown

Largest peak-to-trough decline

-46.90%

-38.33%

-8.57%

Max Drawdown (1Y)

Largest decline over 1 year

-20.87%

-5.10%

-15.77%

Max Drawdown (3Y)

Largest decline over 3 years

-27.22%

-23.09%

-4.13%

Max Drawdown (5Y)

Largest decline over 5 years

-46.90%

-23.09%

-23.81%

Max Drawdown (10Y)

Largest decline over 10 years

—

-38.33%

—

Current Drawdown

Current decline from peak

-5.08%

-0.88%

-4.20%

Average Drawdown

Average peak-to-trough decline

-17.59%

-8.26%

-9.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.40%

1.81%

+7.59%

Volatility

FDN.L vs. UINC.L - Volatility Comparison

First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.L) has a higher volatility of 7.52% compared to First Trust US Equity Income UCITS ETF (UINC.L) at 3.50%. This indicates that FDN.L's price experiences larger fluctuations and is considered to be riskier than UINC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FDN.LUINC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.52%

3.50%

+4.02%

Volatility (6M)

Calculated over the trailing 6-month period

16.04%

9.01%

+7.03%

Volatility (1Y)

Calculated over the trailing 1-year period

19.88%

12.64%

+7.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.94%

16.74%

+11.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.97%

19.57%

+8.40%

Dividends

FDN.L vs. UINC.L - Dividend Comparison

FDN.L has not paid dividends to shareholders, while UINC.L's dividend yield for the trailing twelve months is around 2.82%.

PositionTTM2025202420232022202120202019201820172016
FDN.L
First Trust Dow Jones Internet UCITS ETF Class A USD		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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%

Frequently Asked Questions

FDN.L and UINC.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FDN.L is categorized as Technology Equities, while UINC.L is Dividend. FDN.L tracks MSCI World/Information Tech NR USD, while UINC.L tracks First Trust US Equity Income UCITS ETF.

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