IEDY.L vs. FGBL.L
IEDY.L (iShares EM Dividend UCITS ETF USD (Dist)) and FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD) are both Dividend funds - IEDY.L tracks the iShares EM Dividend UCITS ETF USD (Dist) while FGBL.L tracks the First Trust Global Equity Income UCITS ETF Class A USD. Both are passively managed. Over the past 10 years, IEDY.L returned 6.30%/yr vs 9.55%/yr for FGBL.L. A 0.72 correlation means they provide meaningful diversification when combined.
Performance
IEDY.L vs. FGBL.L - Performance Comparison
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Different Trading Currencies
IEDY.L is traded in USD, while FGBL.L is traded in GBp. To make them comparable, the FGBL.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IEDY.L achieves a 9.51% return, which is significantly lower than FGBL.L's 13.78% return. Over the past 10 years, IEDY.L has underperformed FGBL.L with an annualized return of 6.30%, while FGBL.L has yielded a comparatively higher 9.55% annualized return.
IEDY.L
- 1D
- 0.11%
- 1M
- -2.31%
- 6M
- 4.97%
- YTD
- 9.51%
- 1Y
- 22.53%
- 3Y*
- 18.74%
- 5Y*
- 4.86%
- 10Y*
- 6.30%
FGBL.L
- 1D
- 0.00%
- 1M
- 1.86%
- 6M
- 11.52%
- YTD
- 13.78%
- 1Y
- 30.32%
- 3Y*
- 21.30%
- 5Y*
- 12.41%
- 10Y*
- 9.55%
IEDY.L vs. FGBL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEDY.L iShares EM Dividend UCITS ETF USD (Dist) | 9.51% | 27.60% | 7.02% | 19.23% | -30.77% | 11.02% | -2.56% | 13.94% | -5.15% | 25.92% |
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD | 13.78% | 40.36% | 4.45% | 17.02% | -7.46% | 9.79% | -6.04% | 15.46% | -11.25% | 22.54% |
Correlation
The correlation between IEDY.L and FGBL.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 28, 2015 | 0.72 |
The correlation between IEDY.L and FGBL.L has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
IEDY.L vs. FGBL.L — Risk / Return Rank
IEDY.L
FGBL.L
IEDY.L vs. FGBL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares EM Dividend UCITS ETF USD (Dist) (IEDY.L) and First Trust Global Equity Income UCITS ETF Class A USD (FGBL.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.
| IEDY.L | FGBL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.49 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 4.07 | -1.59 |
| Martin ratioReturn relative to average drawdown | 7.27 | 14.20 | -6.93 |
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Drawdowns
IEDY.L vs. FGBL.L - Drawdown Comparison
The maximum IEDY.L drawdown since its inception was -48.42%, which is greater than FGBL.L's maximum drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for IEDY.L and FGBL.L.
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Drawdown Indicators
| IEDY.L | FGBL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.42% | -45.40% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -7.55% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.34% | -13.56% | -0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -41.24% | -26.59% | -14.65% |
Max Drawdown (10Y)Largest decline over 10 years | -41.24% | -39.54% | -1.70% |
Current DrawdownCurrent decline from peak | -5.04% | 0.00% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -15.43% | -16.26% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.17% | +0.90% |
Volatility
IEDY.L vs. FGBL.L - Volatility Comparison
iShares EM Dividend UCITS ETF USD (Dist) (IEDY.L) has a higher volatility of 4.04% compared to First Trust Global Equity Income UCITS ETF Class A USD (FGBL.L) at 2.65%. This indicates that IEDY.L's price experiences larger fluctuations and is considered to be riskier than FGBL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEDY.L | FGBL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 2.65% | +1.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 8.75% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 11.14% | +3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 14.68% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 15.64% | +2.72% |
Dividends
IEDY.L vs. FGBL.L - Dividend Comparison
IEDY.L's dividend yield for the trailing twelve months is around 5.09%, while FGBL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEDY.L iShares EM Dividend UCITS ETF USD (Dist) | 5.09% | 5.72% | 7.94% | 7.91% | 9.38% | 6.57% | 4.79% | 5.59% | 5.69% | 3.96% | 4.59% | 6.51% |
Frequently Asked Questions
IEDY.L and FGBL.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IEDY.L tracks iShares EM Dividend UCITS ETF USD (Dist), while FGBL.L tracks First Trust Global Equity Income UCITS ETF Class A USD. They also come from different issuers: iShares and First Trust.
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