GINC.L vs. QDIV.L
GINC.L (First Trust Global Equity Income UCITS ETF USD (Dist)) and QDIV.L (iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)) are both exchange-traded funds - GINC.L is a Global Equity Income fund tracking the Nasdaq Global High Equity Income NTR Index, while QDIV.L is a Dividend fund tracking the MSCI USA High Dividend Yield Advanced Select Index USD. Both are passively managed. Over the past 5 years, GINC.L returned 12.85%/yr vs 12.45%/yr for QDIV.L. A 0.63 correlation means they provide meaningful diversification when combined. GINC.L charges 0.60%/yr vs 0.35%/yr for QDIV.L.
Performance
GINC.L vs. QDIV.L - Performance Comparison
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Different Trading Currencies
GINC.L is traded in GBp, while QDIV.L is traded in USD. To make them comparable, the QDIV.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, GINC.L achieves a 13.35% return, which is significantly lower than QDIV.L's 14.49% return.
GINC.L
- 1D
- 0.47%
- 1M
- 1.17%
- 6M
- 10.03%
- YTD
- 13.35%
- 1Y
- 29.97%
- 3Y*
- 20.02%
- 5Y*
- 12.85%
- 10Y*
- —
QDIV.L
- 1D
- 0.97%
- 1M
- -0.39%
- 6M
- 10.94%
- YTD
- 14.49%
- 1Y
- 25.35%
- 3Y*
- 16.92%
- 5Y*
- 12.45%
- 10Y*
- 10.90%
GINC.L vs. QDIV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GINC.L First Trust Global Equity Income UCITS ETF USD (Dist) | 13.35% | 30.32% | 6.57% | 10.62% | 4.04% | 10.87% | -8.93% | 11.11% | -6.13% | 11.75% |
QDIV.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 14.49% | 8.35% | 17.37% | 8.59% | 4.92% | 22.97% | -2.86% | 16.74% | 1.87% | 8.30% |
Correlation
The correlation between GINC.L and QDIV.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2016 | 0.63 |
The correlation between GINC.L and QDIV.L shifts across timeframes, from 0.48 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GINC.L vs. QDIV.L — Risk / Return Rank
GINC.L
QDIV.L
GINC.L vs. QDIV.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Equity Income UCITS ETF USD (Dist) (GINC.L) and iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.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 | QDIV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.39 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.42 | 4.61 | +0.80 |
| Martin ratioReturn relative to average drawdown | 17.71 | 15.43 | +2.29 |
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Drawdowns
GINC.L vs. QDIV.L - Drawdown Comparison
The maximum GINC.L drawdown since its inception was -29.42%, which is greater than QDIV.L's maximum drawdown of -25.30%. Use the drawdown chart below to compare losses from any high point for GINC.L and QDIV.L.
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Drawdown Indicators
| GINC.L | QDIV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.42% | -25.30% | -4.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.51% | -5.47% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -12.34% | -19.21% | +6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -12.34% | -19.21% | +6.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.30% | — |
Current DrawdownCurrent decline from peak | -0.09% | -1.71% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -3.65% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.64% | +0.05% |
Volatility
GINC.L vs. QDIV.L - Volatility Comparison
The current volatility for First Trust Global Equity Income UCITS ETF USD (Dist) (GINC.L) is 2.39%, while iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.L) has a volatility of 3.46%. This indicates that GINC.L experiences smaller price fluctuations and is considered to be less risky than QDIV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GINC.L | QDIV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 3.46% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.64% | 9.33% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 11.71% | -1.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.44% | 14.28% | -1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 15.46% | -0.18% |
GINC.L vs. QDIV.L - Expense Ratio Comparison
GINC.L has a 0.60% expense ratio, which is higher than QDIV.L's 0.35% expense ratio.
Dividends
GINC.L vs. QDIV.L - Dividend Comparison
GINC.L's dividend yield for the trailing twelve months is around 3.36%, more than QDIV.L's 1.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GINC.L First Trust Global Equity Income UCITS ETF USD (Dist) | 3.36% | 3.67% | 4.33% | 5.62% | 5.35% | 3.84% | 3.47% | 3.95% | 3.66% | 3.20% | 0.00% | 0.00% |
QDIV.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 1.50% | 1.67% | 1.93% | 2.00% | 2.27% | 2.08% | 2.50% | 2.36% | 2.44% | 2.15% | 2.32% | 2.47% |
Frequently Asked Questions
GINC.L and QDIV.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDIV.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDIV.L is cheaper with a 0.35% expense ratio, compared with 0.60% for GINC.L.
GINC.L is categorized as Global Equity Income, while QDIV.L is Dividend. GINC.L tracks Nasdaq Global High Equity Income NTR Index, while QDIV.L tracks MSCI USA High Dividend Yield Advanced Select Index USD. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for GINC.L and 0.35% for QDIV.L.
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