FGBL.L vs. IEDY.L
FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) and IEDY.L (iShares EM Dividend UCITS ETF USD (Dist)) are both Dividend funds - FGBL.L tracks the Nasdaq Global High Equity Income NTR Index while IEDY.L tracks the Dow Jones Emerging Markets Select Dividend Index (USD) CLOSE NTR. Both are passively managed. Over the past 10 years, FGBL.L returned 9.29%/yr vs 6.06%/yr for IEDY.L. A 0.70 correlation means they provide meaningful diversification when combined. FGBL.L charges 0.60%/yr vs 0.65%/yr for IEDY.L.
Performance
FGBL.L vs. IEDY.L - Performance Comparison
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Different Trading Currencies
FGBL.L is traded in GBp, while IEDY.L is traded in USD. To make them comparable, the IEDY.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FGBL.L achieves a 13.76% return, which is significantly higher than IEDY.L's 8.97% return. Over the past 10 years, FGBL.L has outperformed IEDY.L with an annualized return of 9.29%, while IEDY.L has yielded a comparatively lower 6.06% 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%
IEDY.L
- 1D
- -0.32%
- 1M
- -2.94%
- 6M
- 4.21%
- YTD
- 8.97%
- 1Y
- 20.89%
- 3Y*
- 17.17%
- 5Y*
- 5.21%
- 10Y*
- 6.06%
FGBL.L vs. IEDY.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% |
IEDY.L iShares EM Dividend UCITS ETF USD (Dist) | 8.97% | 18.51% | 8.89% | 13.27% | -22.54% | 12.08% | -5.43% | 9.61% | 0.48% | 15.03% |
Correlation
The correlation between FGBL.L and IEDY.L is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2015 | 0.70 |
The correlation between FGBL.L and IEDY.L has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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Return for Risk
FGBL.L vs. IEDY.L — Risk / Return Rank
FGBL.L
IEDY.L
FGBL.L vs. IEDY.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 EM Dividend UCITS ETF USD (Dist) (IEDY.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 | IEDY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.28 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 2.83 | +2.39 |
| Martin ratioReturn relative to average drawdown | 18.20 | 8.01 | +10.19 |
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Drawdowns
FGBL.L vs. IEDY.L - Drawdown Comparison
The maximum FGBL.L drawdown since its inception was -40.36%, smaller than the maximum IEDY.L drawdown of -43.65%. Use the drawdown chart below to compare losses from any high point for FGBL.L and IEDY.L.
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Drawdown Indicators
| FGBL.L | IEDY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.36% | -43.65% | +3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -7.35% | +1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -12.80% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -30.11% | +17.66% |
Max Drawdown (10Y)Largest decline over 10 years | -29.44% | -31.79% | +2.35% |
Current DrawdownCurrent decline from peak | -0.03% | -5.22% | +5.19% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -12.19% | +4.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.60% | -0.97% |
Volatility
FGBL.L vs. IEDY.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 EM Dividend UCITS ETF USD (Dist) (IEDY.L) has a volatility of 3.42%. This indicates that FGBL.L experiences smaller price fluctuations and is considered to be less risky than IEDY.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 | IEDY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 3.42% | -1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 10.80% | -3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 13.40% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 15.79% | -3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 17.90% | -3.98% |
FGBL.L vs. IEDY.L - Expense Ratio Comparison
FGBL.L has a 0.60% expense ratio, which is lower than IEDY.L's 0.65% expense ratio.
Dividends
FGBL.L vs. IEDY.L - Dividend Comparison
FGBL.L has not paid dividends to shareholders, while IEDY.L's dividend yield for the trailing twelve months is around 5.12%.
| 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% |
IEDY.L iShares EM Dividend UCITS ETF USD (Dist) | 5.12% | 5.72% | 7.94% | 7.91% | 9.38% | 6.57% | 4.79% | 5.59% | 5.69% | 3.96% | 4.59% | 6.51% |
Frequently Asked Questions
FGBL.L and IEDY.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FGBL.L is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FGBL.L is cheaper with a 0.60% expense ratio, compared with 0.65% for IEDY.L.
FGBL.L tracks Nasdaq Global High Equity Income NTR Index, while IEDY.L tracks Dow Jones Emerging Markets Select Dividend Index (USD) CLOSE NTR. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for FGBL.L and 0.65% for IEDY.L.
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