GINC.L vs. WQDS.L

Last updated Jul 16, 2026

GINC.L (First Trust Global Equity Income UCITS ETF) and WQDS.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) are both exchange-traded funds - GINC.L is a Dividend fund tracking the First Trust Global Equity Income UCITS ETF, while WQDS.L is a Global Equities fund tracking the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. Both are passively managed. Over the past 5 years, GINC.L returned 12.70%/yr vs 12.69%/yr for WQDS.L. A 0.75 correlation means they provide meaningful diversification when combined.

Performance

GINC.L vs. WQDS.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 iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.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 lower than WQDS.L's 15.20% 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*: —

WQDS.L

• 1D: -1.09%
• 1M: -0.53%
• 6M: 13.28%
• YTD: 15.20%
• 1Y: 28.06%
• 3Y*: 17.31%
• 5Y*: 12.69%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GINC.L First Trust Global Equity Income UCITS ETF	12.60%	30.32%	6.57%	10.62%	4.04%	10.87%	-8.93%	11.11%	-6.13%	6.33%
WQDS.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)	15.20%	15.54%	11.68%	10.80%	4.05%	17.47%	-3.37%	18.77%	-5.32%	-20.48%

Correlation

The correlation between GINC.L and WQDS.L is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017	0.75

The correlation between GINC.L and WQDS.L shifts across timeframes, from 0.61 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GINC.L vs. WQDS.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

WQDS.L

WQDS.L Risk / Return Rank: 91
WQDS.L Sharpe Ratio Rank: 93
WQDS.L Sortino Ratio Rank: 93
WQDS.L Omega Ratio Rank: 92
WQDS.L Calmar Ratio Rank: 89
WQDS.L Martin Ratio Rank: 89

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. WQDS.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 iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.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	WQDS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.83	2.66	+0.17
Sortino ratio: Return per unit of downside risk	3.67	3.83	-0.16
Omega ratio: Gain probability vs. loss probability	1.50	1.49	+0.01
Calmar ratio: Return relative to maximum drawdown	5.26	4.14	+1.12
Martin ratio: Return relative to average drawdown	17.20	15.36	+1.84

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

The current GINC.L Sharpe Ratio is 2.83, which is comparable to the WQDS.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of GINC.L and WQDS.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. WQDS.L - Drawdown Comparison

The maximum GINC.L drawdown since its inception was -29.42%, roughly equal to the maximum WQDS.L drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for GINC.L and WQDS.L.

Drawdown Indicators

	GINC.L	WQDS.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.42%	-30.62%	+1.20%
Max Drawdown (1Y) Largest decline over 1 year	-5.51%	-6.75%	+1.24%
Max Drawdown (3Y) Largest decline over 3 years	-12.34%	-14.93%	+2.59%
Max Drawdown (5Y) Largest decline over 5 years	-12.34%	-14.93%	+2.59%
Current Drawdown Current decline from peak	-0.75%	-1.36%	+0.61%
Average Drawdown Average peak-to-trough decline	-5.97%	-8.99%	+3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	1.82%	-0.13%

Volatility

GINC.L vs. WQDS.L - Volatility Comparison

The current volatility for First Trust Global Equity Income UCITS ETF (GINC.L) is 2.36%, while iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.L) has a volatility of 2.80%. This indicates that GINC.L experiences smaller price fluctuations and is considered to be less risky than WQDS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GINC.L	WQDS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	2.80%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	7.63%	8.17%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	10.25%	10.50%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.44%	11.60%	+0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	14.96%	+0.32%

Dividends

GINC.L vs. WQDS.L - Dividend Comparison

GINC.L's dividend yield for the trailing twelve months is around 3.38%, more than WQDS.L's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
WQDS.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)	2.15%	2.34%	2.56%	2.86%	2.97%	2.70%	3.03%	3.10%	0.00%	0.00%

Frequently Asked Questions

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

GINC.L and WQDS.L have a correlation of 0.61, 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 WQDS.L?

GINC.L is categorized as Dividend, while WQDS.L is Global Equities. GINC.L tracks First Trust Global Equity Income UCITS ETF, while WQDS.L tracks MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. They also come from different issuers: First Trust and iShares.