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FVD.L vs. UIND.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FVD.L vs. UIND.L

Last updated Jul 16, 2026
Documentation

FVD.L (First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation) and UIND.L (First Trust US Equity Income UCITS ETF) are both Dividend funds from First Trust - FVD.L tracks the First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation while UIND.L tracks the First Trust US Equity Income UCITS ETF. Both are passively managed. Over the past 5 years, FVD.L returned 5.82%/yr vs -56.37%/yr for UIND.L. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

FVD.L vs. UIND.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation (FVD.L) and First Trust US Equity Income UCITS ETF (UIND.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, FVD.L achieves a 6.31% return, which is significantly lower than UIND.L's 17.33% return.

FVD.L

1D
-0.33%
1M
1.73%
6M
4.38%
YTD
6.31%
1Y
10.94%
3Y*
8.68%
5Y*
5.82%
10Y*
—

UIND.L

1D
-0.05%
1M
2.08%
6M
14.18%
YTD
17.33%
1Y
23.34%
3Y*
15.67%
5Y*
-56.37%
10Y*
10.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FVD.L vs. UIND.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
FVD.L
First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation		6.31%8.66%9.25%3.39%-4.80%24.66%-3.10%
UIND.L
First Trust US Equity Income UCITS ETF		17.33%7.36%6.74%17.10%-99.07%12,946.70%5.12%

Correlation

The correlation between FVD.L and UIND.L is 0.70, 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

0.70

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

0.73

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

0.75

Correlation (All Time)
Calculated using the full available price history since Feb 11, 2020

0.69

The correlation between FVD.L and UIND.L has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.

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First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation

First Trust US Equity Income UCITS ETF

Return for Risk

FVD.L vs. UIND.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FVD.L
FVD.L Risk / Return Rank: 3636
Overall Rank
FVD.L Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
FVD.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
FVD.L Omega Ratio Rank: 3434
Omega Ratio Rank
FVD.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
FVD.L Martin Ratio Rank: 3333
Martin Ratio Rank
UIND.L
UIND.L Risk / Return Rank: 7878
Overall Rank
UIND.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
UIND.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
UIND.L Omega Ratio Rank: 7373
Omega Ratio Rank
UIND.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
UIND.L Martin Ratio Rank: 6868
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.

FVD.L vs. UIND.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation (FVD.L) and First Trust US Equity Income UCITS ETF (UIND.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.

FVD.LUIND.LDifference
Sharpe ratioReturn per unit of total volatility
1.12
2.03

-0.91

Sortino ratioReturn per unit of downside risk
1.59
3.05

-1.46

Omega ratioGain probability vs. loss probability

1.19

1.34

-0.15

Calmar ratioReturn relative to maximum drawdown

1.68

3.69

-2.00

Martin ratioReturn relative to average drawdown

4.02

9.85

-5.84

FVD.L vs. UIND.L - Sharpe Ratio Comparison

The current FVD.L Sharpe Ratio is 1.12, which is lower than the UIND.L Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of FVD.L and UIND.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

FVD.L vs. UIND.L - Drawdown Comparison

The maximum FVD.L drawdown since its inception was -34.96%, smaller than the maximum UIND.L drawdown of -99.21%. Use the drawdown chart below to compare losses from any high point for FVD.L and UIND.L.

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Drawdown Indicators

FVD.LUIND.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.96%

-99.21%

+64.25%

Max Drawdown (1Y)

Largest decline over 1 year

-6.81%

-6.83%

+0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-12.60%

-21.42%

+8.82%

Max Drawdown (5Y)

Largest decline over 5 years

-16.22%

-99.21%

+82.99%

Max Drawdown (10Y)

Largest decline over 10 years

—

-99.21%

—

Current Drawdown

Current decline from peak

-1.61%

-98.61%

+97.00%

Average Drawdown

Average peak-to-trough decline

-5.06%

-46.02%

+40.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.86%

2.56%

+0.30%

Volatility

FVD.L vs. UIND.L - Volatility Comparison

First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation (FVD.L) and First Trust US Equity Income UCITS ETF (UIND.L) have volatilities of 4.06% and 3.98%, 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.

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Volatility by Period

FVD.LUIND.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.06%

3.98%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

7.85%

8.53%

-0.68%

Volatility (1Y)

Calculated over the trailing 1-year period

10.23%

12.48%

-2.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.79%

47.78%

-34.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.46%

3,136.02%

-3,119.56%

Dividends

FVD.L vs. UIND.L - Dividend Comparison

FVD.L has not paid dividends to shareholders, while UIND.L's dividend yield for the trailing twelve months is around 2.78%.

PositionTTM2025202420232022202120202019201820172016
FVD.L
First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UIND.L
First Trust US Equity Income UCITS ETF		2.78%3.00%2.90%3.14%3.27%0.02%3.14%3.04%3.14%2.42%1.69%

Frequently Asked Questions

FVD.L and UIND.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FVD.L tracks First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation, while UIND.L tracks First Trust US Equity Income UCITS ETF.

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