FGBL.L vs. IUKD.L
FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) and IUKD.L (iShares UK Dividend UCITS ETF) are both Dividend funds - FGBL.L tracks the Nasdaq Global High Equity Income NTR Index while IUKD.L tracks the FTSE UK Dividend+ Index. Both are passively managed. Over the past 10 years, FGBL.L returned 9.29%/yr vs 7.33%/yr for IUKD.L. A 0.63 correlation means they provide meaningful diversification when combined. FGBL.L charges 0.60%/yr vs 0.40%/yr for IUKD.L.
Performance
FGBL.L vs. IUKD.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FGBL.L having a 13.76% return and IUKD.L slightly lower at 13.38%. Over the past 10 years, FGBL.L has outperformed IUKD.L with an annualized return of 9.29%, while IUKD.L has yielded a comparatively lower 7.33% 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%
IUKD.L
- 1D
- 0.85%
- 1M
- 3.90%
- 6M
- 10.53%
- YTD
- 13.38%
- 1Y
- 28.95%
- 3Y*
- 22.41%
- 5Y*
- 13.27%
- 10Y*
- 7.33%
FGBL.L vs. IUKD.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% |
IUKD.L iShares UK Dividend UCITS ETF | 13.38% | 32.12% | 12.27% | 5.81% | -1.44% | 23.43% | -17.92% | 18.86% | -14.11% | 6.92% |
Correlation
The correlation between FGBL.L and IUKD.L is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2015 | 0.63 |
The correlation between FGBL.L and IUKD.L has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.
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Return for Risk
FGBL.L vs. IUKD.L — Risk / Return Rank
FGBL.L
IUKD.L
FGBL.L vs. IUKD.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 UK Dividend UCITS ETF (IUKD.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 | IUKD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.47 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.22 | 2.91 | +2.31 |
| Martin ratioReturn relative to average drawdown | 18.20 | 10.26 | +7.94 |
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Drawdowns
FGBL.L vs. IUKD.L - Drawdown Comparison
The maximum FGBL.L drawdown since its inception was -40.36%, smaller than the maximum IUKD.L drawdown of -61.97%. Use the drawdown chart below to compare losses from any high point for FGBL.L and IUKD.L.
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Drawdown Indicators
| FGBL.L | IUKD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.36% | -61.97% | +21.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -9.92% | +4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -12.45% | -10.52% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -12.45% | -19.93% | +7.48% |
Max Drawdown (10Y)Largest decline over 10 years | -29.44% | -44.34% | +14.90% |
Current DrawdownCurrent decline from peak | -0.03% | 0.00% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -8.01% | -15.49% | +7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.82% | -1.19% |
Volatility
FGBL.L vs. IUKD.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 UK Dividend UCITS ETF (IUKD.L) has a volatility of 2.80%. This indicates that FGBL.L experiences smaller price fluctuations and is considered to be less risky than IUKD.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 | IUKD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 2.80% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 7.11% | 9.59% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 11.42% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.86% | 13.79% | -1.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 16.79% | -2.87% |
FGBL.L vs. IUKD.L - Expense Ratio Comparison
FGBL.L has a 0.60% expense ratio, which is higher than IUKD.L's 0.40% expense ratio.
Dividends
FGBL.L vs. IUKD.L - Dividend Comparison
FGBL.L has not paid dividends to shareholders, while IUKD.L's dividend yield for the trailing twelve months is around 4.62%.
| 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% |
IUKD.L iShares UK Dividend UCITS ETF | 4.62% | 4.85% | 5.78% | 5.34% | 6.39% | 5.68% | 4.11% | 5.70% | 6.86% | 5.19% | 4.87% | 5.67% |
Frequently Asked Questions
FGBL.L and IUKD.L have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUKD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUKD.L is cheaper with a 0.40% expense ratio, compared with 0.60% for FGBL.L.
FGBL.L tracks Nasdaq Global High Equity Income NTR Index, while IUKD.L tracks FTSE UK Dividend+ Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for FGBL.L and 0.40% for IUKD.L.
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