FGBL.L vs. HDIQ.L
FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) and HDIQ.L (iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)) are both exchange-traded funds - FGBL.L is a Dividend fund tracking the Nasdaq Global High Equity Income NTR Index, while HDIQ.L is a U.S. Equity Income fund tracking the MSCI USA High Dividend Yield Advanced Select Index. Both are passively managed. Over the past 10 years, FGBL.L returned 9.29%/yr vs 10.44%/yr for HDIQ.L. A 0.69 correlation means they provide meaningful diversification when combined. FGBL.L charges 0.60%/yr vs 0.35%/yr for HDIQ.L.
Performance
FGBL.L vs. HDIQ.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FGBL.L having a 13.76% return and HDIQ.L slightly higher at 14.04%. Over the past 10 years, FGBL.L has underperformed HDIQ.L with an annualized return of 9.29%, while HDIQ.L has yielded a comparatively higher 10.44% annualized return.
FGBL.L
- 1D
- 0.26%
- 1M
- 1.06%
- 6M
- 10.74%
- YTD
- 13.76%
- 1Y
- 29.77%
- 3Y*
- 19.74%
- 5Y*
- 12.90%
- 10Y*
- 9.29%
HDIQ.L
- 1D
- -0.16%
- 1M
- -0.73%
- 6M
- 11.08%
- YTD
- 14.04%
- 1Y
- 23.93%
- 3Y*
- 16.54%
- 5Y*
- 12.48%
- 10Y*
- 10.44%
FGBL.L vs. HDIQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 13.76% | 30.51% | 6.22% | 11.15% | 3.62% | 10.79% | -8.84% | 11.01% | -5.93% | 11.89% |
HDIQ.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 14.04% | 8.74% | 17.34% | 8.04% | 4.90% | 23.47% | -3.34% | 17.58% | -0.65% | 6.76% |
Correlation
The correlation between FGBL.L and HDIQ.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2015 | 0.69 |
The correlation between FGBL.L and HDIQ.L shifts across timeframes, from 0.50 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FGBL.L vs. HDIQ.L — Risk / Return Rank
FGBL.L
HDIQ.L
FGBL.L vs. HDIQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) and iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.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.
| FGBL.L | HDIQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.44 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 4.71 | +0.51 |
| Martin ratioReturn relative to average drawdown | 18.20 | 16.04 | +2.16 |
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Drawdowns
FGBL.L vs. HDIQ.L - Drawdown Comparison
The maximum FGBL.L drawdown since its inception was -40.36%, roughly equal to the maximum HDIQ.L drawdown of -41.26%. Use the drawdown chart below to compare losses from any high point for FGBL.L and HDIQ.L.
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Drawdown Indicators
| FGBL.L | HDIQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.36% | -41.26% | +0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -5.06% | -0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -18.80% | +6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -18.80% | +6.35% |
Max Drawdown (10Y)Largest decline over 10 years | -29.44% | -24.46% | -4.98% |
Current DrawdownCurrent decline from peak | -0.03% | -1.68% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -8.59% | +0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.49% | +0.14% |
Volatility
FGBL.L vs. HDIQ.L - Volatility Comparison
The current volatility for First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) is 2.11%, while iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.L) has a volatility of 2.86%. This indicates that FGBL.L experiences smaller price fluctuations and is considered to be less risky than HDIQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGBL.L | HDIQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 2.86% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 7.57% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 10.13% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 13.04% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 14.25% | -0.33% |
FGBL.L vs. HDIQ.L - Expense Ratio Comparison
FGBL.L has a 0.60% expense ratio, which is higher than HDIQ.L's 0.35% expense ratio.
Dividends
FGBL.L vs. HDIQ.L - Dividend Comparison
FGBL.L has not paid dividends to shareholders, while HDIQ.L's dividend yield for the trailing twelve months is around 1.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HDIQ.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 1.51% | 1.69% | 1.90% | 2.05% | 2.28% | 2.04% | 2.71% | 2.43% | 0.00% | 1.13% | 2.13% | 2.40% |
Frequently Asked Questions
FGBL.L and HDIQ.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDIQ.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDIQ.L is cheaper with a 0.35% expense ratio, compared with 0.60% for FGBL.L.
FGBL.L is categorized as Dividend, while HDIQ.L is U.S. Equity Income. FGBL.L tracks Nasdaq Global High Equity Income NTR Index, while HDIQ.L tracks MSCI USA High Dividend Yield Advanced Select Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for FGBL.L and 0.35% for HDIQ.L.
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