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HDIQ.L vs. UIND.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HDIQ.L vs. UIND.L

Last updated Jul 16, 2026
Documentation

HDIQ.L (iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)) and UIND.L (First Trust US Equity Income UCITS ETF) are both Dividend funds - HDIQ.L tracks the iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) while UIND.L tracks the First Trust US Equity Income UCITS ETF. Both are passively managed. Over the past 10 years, HDIQ.L returned 10.45%/yr vs 9.80%/yr for UIND.L. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

HDIQ.L vs. UIND.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.L) and First Trust US Equity Income UCITS ETF (UIND.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, HDIQ.L achieves a 13.03% return, which is significantly lower than UIND.L's 16.90% return. Over the past 10 years, HDIQ.L has outperformed UIND.L with an annualized return of 10.45%, while UIND.L has yielded a comparatively lower 9.80% annualized return.

HDIQ.L

1D
-0.54%
1M
-1.79%
6M
11.38%
YTD
13.03%
1Y
22.75%
3Y*
16.55%
5Y*
12.28%
10Y*
10.45%

UIND.L

1D
0.00%
1M
1.24%
6M
13.54%
YTD
16.90%
1Y
22.09%
3Y*
14.37%
5Y*
-56.21%
10Y*
9.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HDIQ.L vs. UIND.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HDIQ.L
iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)		13.03%8.74%17.34%8.04%4.90%23.47%-3.34%17.58%-0.65%6.76%
UIND.L
First Trust US Equity Income UCITS ETF		16.90%-0.29%8.60%11.25%-98.96%13,070.24%-1.81%12.92%-2.93%5.14%

Correlation

The correlation between HDIQ.L and UIND.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.46

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.66

Correlation (10Y)
Calculated over the trailing 10-year period

0.61

Correlation (All Time)
Calculated using the full available price history since Apr 14, 2016

0.61

The correlation between HDIQ.L and UIND.L shifts across timeframes, from 0.46 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

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iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)

First Trust US Equity Income UCITS ETF

Return for Risk

HDIQ.L vs. UIND.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HDIQ.L
HDIQ.L Risk / Return Rank: 9090
Overall Rank
HDIQ.L Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
HDIQ.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
HDIQ.L Omega Ratio Rank: 8989
Omega Ratio Rank
HDIQ.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
HDIQ.L Martin Ratio Rank: 9090
Martin Ratio Rank
UIND.L
UIND.L Risk / Return Rank: 7878
Overall Rank
UIND.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
UIND.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
UIND.L Omega Ratio Rank: 7373
Omega Ratio Rank
UIND.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
UIND.L Martin Ratio Rank: 6868
Martin Ratio Rank
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.

HDIQ.L vs. UIND.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.L) and First Trust US Equity Income UCITS ETF (UIND.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.

HDIQ.LUIND.LDifference
Sharpe ratioReturn per unit of total volatility
2.39
1.86

+0.53

Sortino ratioReturn per unit of downside risk
3.43
2.67

+0.76

Omega ratioGain probability vs. loss probability

1.45

1.31

+0.13

Calmar ratioReturn relative to maximum drawdown

4.79

4.66

+0.13

Martin ratioReturn relative to average drawdown

16.29

13.08

+3.21

HDIQ.L vs. UIND.L - Sharpe Ratio Comparison

The current HDIQ.L Sharpe Ratio is 2.39, which is comparable to the UIND.L Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of HDIQ.L and UIND.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.

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Drawdowns

HDIQ.L vs. UIND.L - Drawdown Comparison

The maximum HDIQ.L drawdown since its inception was -41.26%, smaller than the maximum UIND.L drawdown of -99.11%. Use the drawdown chart below to compare losses from any high point for HDIQ.L and UIND.L.

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Drawdown Indicators

HDIQ.LUIND.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.26%

-99.11%

+57.85%

Max Drawdown (1Y)

Largest decline over 1 year

-5.06%

-5.19%

+0.13%

Max Drawdown (3Y)

Largest decline over 3 years

-18.80%

-22.97%

+4.17%

Max Drawdown (5Y)

Largest decline over 5 years

-18.80%

-99.11%

+80.31%

Max Drawdown (10Y)

Largest decline over 10 years

-24.46%

-99.11%

+74.65%

Current Drawdown

Current decline from peak

-2.55%

-98.60%

+96.05%

Average Drawdown

Average peak-to-trough decline

-8.60%

-45.96%

+37.36%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.49%

1.85%

-0.36%

Volatility

HDIQ.L vs. UIND.L - Volatility Comparison

The current volatility for iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (HDIQ.L) is 2.84%, while First Trust US Equity Income UCITS ETF (UIND.L) has a volatility of 4.43%. This indicates that HDIQ.L experiences smaller price fluctuations and is considered to be less risky than UIND.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HDIQ.LUIND.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.84%

4.43%

-1.59%

Volatility (6M)

Calculated over the trailing 6-month period

7.59%

9.59%

-2.00%

Volatility (1Y)

Calculated over the trailing 1-year period

10.23%

13.18%

-2.95%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.05%

47.62%

-34.57%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.25%

3,140.60%

-3,126.35%

Dividends

HDIQ.L vs. UIND.L - Dividend Comparison

HDIQ.L's dividend yield for the trailing twelve months is around 1.53%, less than UIND.L's 2.78% yield.

PositionTTM20252024202320222021202020192018201720162015
HDIQ.L
iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)		1.53%1.69%1.90%2.05%2.28%2.04%2.71%2.43%0.00%1.13%2.13%2.40%
UIND.L
First Trust US Equity Income UCITS ETF		2.78%3.00%2.90%3.14%3.27%0.02%3.14%3.04%3.14%2.42%1.69%0.00%

Frequently Asked Questions

HDIQ.L and UIND.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HDIQ.L tracks iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist), while UIND.L tracks First Trust US Equity Income UCITS ETF. They also come from different issuers: iShares and First Trust.

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