GINC.L vs. SDIU.L

Last updated Jul 17, 2026

GINC.L (First Trust Global Equity Income UCITS ETF USD (Dist)) and SDIU.L (Global X SuperDividend UCITS ETF USD (Acc)) are both Global Equity Income funds - GINC.L tracks the Nasdaq Global High Equity Income NTR Index while SDIU.L tracks the Solactive Global SuperDividend v2 Index. Both are passively managed. Over the past 3 years, GINC.L returned 20.02%/yr vs 12.32%/yr for SDIU.L. A 0.57 correlation means they provide meaningful diversification when combined. GINC.L charges 0.60%/yr vs 0.45%/yr for SDIU.L.

Performance

GINC.L vs. SDIU.L - Performance Comparison

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

Different Trading Currencies

GINC.L is traded in GBp, while SDIU.L is traded in USD. To make them comparable, the SDIU.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 higher than SDIU.L's 8.40% 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*: —

SDIU.L

• 1D: 1.56%
• 1M: 1.46%
• 6M: 3.17%
• YTD: 8.40%
• 1Y: 17.21%
• 3Y*: 12.32%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
GINC.L First Trust Global Equity Income UCITS ETF USD (Dist)	13.35%	30.32%	6.57%	10.62%	-2.15%
SDIU.L Global X SuperDividend UCITS ETF USD (Acc)	8.40%	19.21%	2.10%	0.41%	-18.10%

Correlation

The correlation between GINC.L and SDIU.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022	0.57

The correlation between GINC.L and SDIU.L has been stable across timeframes, ranging from 0.47 to 0.57 - a consistent structural relationship.

Return for Risk

GINC.L vs. SDIU.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: 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

SDIU.L

SDIU.L Risk / Return Rank: 57
SDIU.L Sharpe Ratio Rank: 58
SDIU.L Sortino Ratio Rank: 57
SDIU.L Omega Ratio Rank: 53
SDIU.L Calmar Ratio Rank: 69
SDIU.L Martin Ratio Rank: 50

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. SDIU.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 Global X SuperDividend UCITS ETF USD (Acc) (SDIU.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	SDIU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.91	1.57	+1.34
Sortino ratio: Return per unit of downside risk	3.76	2.23	+1.53
Omega ratio: Gain probability vs. loss probability	1.52	1.27	+0.25
Calmar ratio: Return relative to maximum drawdown	5.42	2.96	+2.46
Martin ratio: Return relative to average drawdown	17.71	9.12	+8.59

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

The current GINC.L Sharpe Ratio is 2.91, which is higher than the SDIU.L Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of GINC.L and SDIU.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. SDIU.L - Drawdown Comparison

The maximum GINC.L drawdown since its inception was -29.42%, roughly equal to the maximum SDIU.L drawdown of -28.90%. Use the drawdown chart below to compare losses from any high point for GINC.L and SDIU.L.

Drawdown Indicators

	GINC.L	SDIU.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.42%	-28.90%	-0.52%
Max Drawdown (1Y) Largest decline over 1 year	-5.51%	-5.80%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-12.34%	-17.15%	+4.81%
Max Drawdown (5Y) Largest decline over 5 years	-12.34%	—	—
Current Drawdown Current decline from peak	-0.09%	-1.99%	+1.90%
Average Drawdown Average peak-to-trough decline	-5.97%	-14.03%	+8.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	1.88%	-0.19%

Volatility

GINC.L vs. SDIU.L - Volatility Comparison

The current volatility for First Trust Global Equity Income UCITS ETF USD (Dist) (GINC.L) is 2.39%, while Global X SuperDividend UCITS ETF USD (Acc) (SDIU.L) has a volatility of 3.65%. This indicates that GINC.L experiences smaller price fluctuations and is considered to be less risky than SDIU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GINC.L	SDIU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.39%	3.65%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	7.64%	7.98%	-0.34%
Volatility (1Y) Calculated over the trailing 1-year period	10.25%	10.94%	-0.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.44%	16.09%	-3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	16.09%	-0.81%

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

GINC.L has a 0.60% expense ratio, which is higher than SDIU.L's 0.45% expense ratio.

Dividends

GINC.L vs. SDIU.L - Dividend Comparison

GINC.L's dividend yield for the trailing twelve months is around 3.36%, while SDIU.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
SDIU.L Global X SuperDividend UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

GINC.L and SDIU.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, SDIU.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

SDIU.L is cheaper with a 0.45% expense ratio, compared with 0.60% for GINC.L.

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

GINC.L tracks Nasdaq Global High Equity Income NTR Index, while SDIU.L tracks Solactive Global SuperDividend v2 Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.60% for GINC.L and 0.45% for SDIU.L.