GGRA.L vs. GINC.L

Last updated Jul 18, 2026

GGRA.L (WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc) and GINC.L (First Trust Global Equity Income UCITS ETF USD (Dist)) are both Global Equity Income funds - GGRA.L tracks the WisdomTree Global Developed Quality Dividend Growth while GINC.L tracks the Nasdaq Global High Equity Income NTR Index. Both are passively managed. Over the past 5 years, GGRA.L returned 7.90%/yr vs 12.44%/yr for GINC.L. A 0.65 correlation means they provide meaningful diversification when combined. GGRA.L charges 0.38%/yr vs 0.60%/yr for GINC.L.

Performance

GGRA.L vs. GINC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc (GGRA.L) and First Trust Global Equity Income UCITS ETF USD (Dist) (GINC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GGRA.L is traded in USD, while GINC.L is traded in GBp. To make them comparable, the GINC.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, GGRA.L achieves a 6.13% return, which is significantly lower than GINC.L's 13.77% return.

GGRA.L

• 1D: -0.73%
• 1M: 0.24%
• 6M: 4.53%
• YTD: 6.13%
• 1Y: 15.02%
• 3Y*: 11.91%
• 5Y*: 7.90%
• 10Y*: 11.69%

GINC.L

• 1D: 0.21%
• 1M: 2.77%
• 6M: 11.51%
• YTD: 13.77%
• 1Y: 29.43%
• 3Y*: 21.03%
• 5Y*: 12.44%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GGRA.L vs. GINC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGRA.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc	6.13%	16.21%	8.94%	18.40%	-13.65%	19.40%	16.48%	34.97%	-8.59%	25.42%
GINC.L First Trust Global Equity Income UCITS ETF USD (Dist)	13.77%	40.15%	4.79%	16.46%	-7.08%	9.86%	-6.14%	15.57%	-11.44%	22.39%

Correlation

The correlation between GGRA.L and GINC.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	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Oct 21, 2016	0.65

The correlation between GGRA.L and GINC.L has been stable across timeframes, ranging from 0.62 to 0.67 - a consistent structural relationship.

Return for Risk

GGRA.L vs. GINC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GGRA.L

GGRA.L Risk / Return Rank: 43
GGRA.L Sharpe Ratio Rank: 43
GGRA.L Sortino Ratio Rank: 49
GGRA.L Omega Ratio Rank: 43
GGRA.L Calmar Ratio Rank: 36
GGRA.L Martin Ratio Rank: 46

GINC.L

GINC.L Risk / Return Rank: 94
GINC.L Sharpe Ratio Rank: 95
GINC.L Sortino Ratio Rank: 93
GINC.L Omega Ratio Rank: 93
GINC.L Calmar Ratio Rank: 94
GINC.L Martin Ratio Rank: 92

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.

GGRA.L vs. GINC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc (GGRA.L) and First Trust Global Equity Income UCITS ETF USD (Dist) (GINC.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.

	GGRA.L	GINC.L	Difference
Sharpe ratio: Return per unit of total volatility	1.21	2.48	-1.27
Sortino ratio: Return per unit of downside risk	1.96	3.24	-1.28
Omega ratio: Gain probability vs. loss probability	1.23	1.44	-0.21
Calmar ratio: Return relative to maximum drawdown	1.48	4.37	-2.89
Martin ratio: Return relative to average drawdown	5.86	13.54	-7.68

GGRA.L vs. GINC.L - Sharpe Ratio Comparison

The current GGRA.L Sharpe Ratio is 1.21, which is lower than the GINC.L Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of GGRA.L and GINC.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.

Drawdowns

GGRA.L vs. GINC.L - Drawdown Comparison

The maximum GGRA.L drawdown since its inception was -30.94%, smaller than the maximum GINC.L drawdown of -40.05%. Use the drawdown chart below to compare losses from any high point for GGRA.L and GINC.L.

Drawdown Indicators

	GGRA.L	GINC.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.94%	-40.05%	+9.11%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-6.71%	-3.43%
Max Drawdown (3Y) Largest decline over 3 years	-14.76%	-13.64%	-1.12%
Max Drawdown (5Y) Largest decline over 5 years	-24.35%	-26.74%	+2.39%
Max Drawdown (10Y) Largest decline over 10 years	-30.94%	—	—
Current Drawdown Current decline from peak	-0.73%	0.00%	-0.73%
Average Drawdown Average peak-to-trough decline	-4.18%	-8.08%	+3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.17%	+0.39%

Volatility

GGRA.L vs. GINC.L - Volatility Comparison

WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc (GGRA.L) has a higher volatility of 2.73% compared to First Trust Global Equity Income UCITS ETF USD (Dist) (GINC.L) at 2.24%. This indicates that GGRA.L's price experiences larger fluctuations and is considered to be riskier than GINC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GGRA.L	GINC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	2.24%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	10.37%	9.19%	+1.18%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	11.84%	+0.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.68%	15.15%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.81%	16.99%	-2.18%

GGRA.L vs. GINC.L - Expense Ratio Comparison

GGRA.L has a 0.38% expense ratio, which is lower than GINC.L's 0.60% expense ratio.

Dividends

GGRA.L vs. GINC.L - Dividend Comparison

GGRA.L has not paid dividends to shareholders, while GINC.L's dividend yield for the trailing twelve months is around 3.34%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GGRA.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GINC.L First Trust Global Equity Income UCITS ETF USD (Dist)	3.34%	3.67%	4.33%	5.62%	5.35%	3.84%	3.47%	3.95%	3.66%	3.20%

Frequently Asked Questions

Can I hold both GGRA.L and GINC.L in my portfolio?

GGRA.L and GINC.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.

Which ETF is better, GGRA.L or GINC.L?

On fees, GGRA.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GGRA.L or GINC.L?

GGRA.L is cheaper with a 0.38% expense ratio, compared with 0.60% for GINC.L.

What is the main difference between GGRA.L and GINC.L?

GGRA.L tracks WisdomTree Global Developed Quality Dividend Growth, while GINC.L tracks Nasdaq Global High Equity Income NTR Index. They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.38% for GGRA.L and 0.60% for GINC.L.