GINC.L vs. CAPS.L

Last updated Jul 16, 2026

GINC.L (First Trust Global Equity Income UCITS ETF) and CAPS.L (First Trust Capital Strength UCITS ETF Acc) are both exchange-traded funds - GINC.L is a Dividend fund tracking the First Trust Global Equity Income UCITS ETF, while CAPS.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, GINC.L returned 12.70%/yr vs 6.16%/yr for CAPS.L. At a 0.42 correlation, their price movements are largely independent.

Performance

GINC.L vs. CAPS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Global Equity Income UCITS ETF (GINC.L) and First Trust Capital Strength UCITS ETF Acc (CAPS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GINC.L achieves a 12.60% return, which is significantly higher than CAPS.L's 4.08% return.

GINC.L

• 1D: -0.20%
• 1M: 0.57%
• 6M: 10.26%
• YTD: 12.60%
• 1Y: 28.66%
• 3Y*: 19.76%
• 5Y*: 12.70%
• 10Y*: —

CAPS.L

• 1D: 0.00%
• 1M: 2.27%
• 6M: 1.17%
• YTD: 4.08%
• 1Y: 7.28%
• 3Y*: 8.79%
• 5Y*: 6.16%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GINC.L First Trust Global Equity Income UCITS ETF	12.60%	30.32%	6.57%	10.62%	4.04%	10.87%	-9.06%
CAPS.L First Trust Capital Strength UCITS ETF Acc	4.08%	-0.65%	12.99%	2.23%	0.52%	-6.71%	11.84%

Correlation

The correlation between GINC.L and CAPS.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.42

Return for Risk

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

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

GINC.L

GINC.L Risk / Return Rank: 93
GINC.L Sharpe Ratio Rank: 94
GINC.L Sortino Ratio Rank: 92
GINC.L Omega Ratio Rank: 92
GINC.L Calmar Ratio Rank: 93
GINC.L Martin Ratio Rank: 91

CAPS.L

CAPS.L Risk / Return Rank: 46
CAPS.L Sharpe Ratio Rank: 9
CAPS.L Sortino Ratio Rank: 100
CAPS.L Omega Ratio Rank: 100
CAPS.L Calmar Ratio Rank: 10
CAPS.L Martin Ratio Rank: 11

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.

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

This table presents a comparison of risk-adjusted performance metrics for First Trust Global Equity Income UCITS ETF (GINC.L) and First Trust Capital Strength UCITS ETF Acc (CAPS.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.

	GINC.L	CAPS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.83	0.00	+2.83
Sortino ratio: Return per unit of downside risk	3.67	139.66	-135.99
Omega ratio: Gain probability vs. loss probability	1.50	77.47	-75.97
Calmar ratio: Return relative to maximum drawdown	5.26	0.07	+5.19
Martin ratio: Return relative to average drawdown	17.20	0.29	+16.91

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

The current GINC.L Sharpe Ratio is 2.83, which is higher than the CAPS.L Sharpe Ratio of 0.00. The chart below compares the historical Sharpe Ratios of GINC.L and CAPS.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

GINC.L vs. CAPS.L - Drawdown Comparison

The maximum GINC.L drawdown since its inception was -29.42%, smaller than the maximum CAPS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for GINC.L and CAPS.L.

Drawdown Indicators

	GINC.L	CAPS.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.42%	-99.07%	+69.65%
Max Drawdown (1Y) Largest decline over 1 year	-5.51%	-99.02%	+93.51%
Max Drawdown (3Y) Largest decline over 3 years	-12.34%	-99.07%	+86.73%
Max Drawdown (5Y) Largest decline over 5 years	-12.34%	-99.07%	+86.73%
Current Drawdown Current decline from peak	-0.75%	-2.63%	+1.88%
Average Drawdown Average peak-to-trough decline	-5.97%	-12.90%	+6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	25.17%	-23.48%

Volatility

GINC.L vs. CAPS.L - Volatility Comparison

The current volatility for First Trust Global Equity Income UCITS ETF (GINC.L) is 2.36%, while First Trust Capital Strength UCITS ETF Acc (CAPS.L) has a volatility of 3.75%. This indicates that GINC.L experiences smaller price fluctuations and is considered to be less risky than CAPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GINC.L	CAPS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	3.75%	-1.39%
Volatility (6M) Calculated over the trailing 6-month period	7.63%	7.95%	-0.32%
Volatility (1Y) Calculated over the trailing 1-year period	10.25%	13,922.66%	-13,912.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.44%	6,238.45%	-6,226.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	5,478.19%	-5,462.91%

Dividends

GINC.L vs. CAPS.L - Dividend Comparison

GINC.L's dividend yield for the trailing twelve months is around 3.38%, while CAPS.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAPS.L First Trust Capital Strength UCITS ETF 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	3.38%	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 GINC.L and CAPS.L in my portfolio?

GINC.L and CAPS.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

GINC.L is categorized as Dividend, while CAPS.L is Large Cap Blend Equities. GINC.L tracks First Trust Global Equity Income UCITS ETF, while CAPS.L tracks Russell 1000 TR USD.