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IEDY.L vs. GINC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IEDY.L vs. GINC.L

Last updated Jul 16, 2026
Documentation

IEDY.L (iShares EM Dividend UCITS ETF USD (Dist)) and GINC.L (First Trust Global Equity Income UCITS ETF) are both Dividend funds - IEDY.L tracks the iShares EM Dividend UCITS ETF USD (Dist) while GINC.L tracks the First Trust Global Equity Income UCITS ETF. Both are passively managed. Over the past 5 years, IEDY.L returned 4.86%/yr vs 12.38%/yr for GINC.L. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

IEDY.L vs. GINC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares EM Dividend UCITS ETF USD (Dist) (IEDY.L) and First Trust Global Equity Income UCITS ETF (GINC.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IEDY.L is traded in USD, while GINC.L is traded in GBp. To make them comparable, the GINC.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 GINC.L's 13.48% 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%

GINC.L

1D
0.00%
1M
1.68%
6M
11.26%
YTD
13.48%
1Y
30.40%
3Y*
21.23%
5Y*
12.38%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
GINC.L
First Trust Global Equity Income UCITS ETF		13.48%40.15%4.79%16.46%-7.08%9.86%-6.14%15.57%-11.44%22.39%

Correlation

The correlation between IEDY.L and GINC.L is 0.63, 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

0.63

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

0.69

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

0.72

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2016

0.70

The correlation between IEDY.L and GINC.L has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.

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iShares EM Dividend UCITS ETF USD (Dist)

First Trust Global Equity Income UCITS ETF

Return for Risk

IEDY.L vs. GINC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IEDY.L
IEDY.L Risk / Return Rank: 5656
Overall Rank
IEDY.L Sharpe Ratio Rank: 5757
Sharpe Ratio Rank
IEDY.L Sortino Ratio Rank: 5454
Sortino Ratio Rank
IEDY.L Omega Ratio Rank: 5353
Omega Ratio Rank
IEDY.L Calmar Ratio Rank: 6161
Calmar Ratio Rank
IEDY.L Martin Ratio Rank: 5353
Martin Ratio Rank
GINC.L
GINC.L Risk / Return Rank: 9393
Overall Rank
GINC.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
GINC.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
GINC.L Omega Ratio Rank: 9292
Omega Ratio Rank
GINC.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
GINC.L Martin Ratio Rank: 9191
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.

IEDY.L vs. GINC.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 (GINC.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.LGINC.LDifference
Sharpe ratioReturn per unit of total volatility
1.55
2.56

-1.01

Sortino ratioReturn per unit of downside risk
2.16
3.34

-1.18

Omega ratioGain probability vs. loss probability

1.27

1.45

-0.18

Calmar ratioReturn relative to maximum drawdown

2.48

4.52

-2.05

Martin ratioReturn relative to average drawdown

7.27

14.01

-6.74

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

The current IEDY.L Sharpe Ratio is 1.55, which is lower than the GINC.L Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of IEDY.L and GINC.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

IEDY.L vs. GINC.L - Drawdown Comparison

The maximum IEDY.L drawdown since its inception was -48.42%, which is greater than GINC.L's maximum drawdown of -40.05%. Use the drawdown chart below to compare losses from any high point for IEDY.L and GINC.L.

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Drawdown Indicators

IEDY.LGINC.LDifference

Max Drawdown

Largest peak-to-trough decline

-48.42%

-40.05%

-8.37%

Max Drawdown (1Y)

Largest decline over 1 year

-9.00%

-6.71%

-2.29%

Max Drawdown (3Y)

Largest decline over 3 years

-14.34%

-13.64%

-0.70%

Max Drawdown (5Y)

Largest decline over 5 years

-41.24%

-26.74%

-14.50%

Max Drawdown (10Y)

Largest decline over 10 years

-41.24%

—

—

Current Drawdown

Current decline from peak

-5.04%

0.00%

-5.04%

Average Drawdown

Average peak-to-trough decline

-15.43%

-8.08%

-7.35%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.07%

2.17%

+0.90%

Volatility

IEDY.L vs. GINC.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 (GINC.L) at 2.61%. This indicates that IEDY.L's price experiences larger fluctuations and is considered to be riskier than GINC.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.LGINC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.04%

2.61%

+1.43%

Volatility (6M)

Calculated over the trailing 6-month period

11.98%

9.20%

+2.78%

Volatility (1Y)

Calculated over the trailing 1-year period

14.37%

11.84%

+2.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.26%

15.15%

+2.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.36%

16.99%

+1.37%

Dividends

IEDY.L vs. GINC.L - Dividend Comparison

IEDY.L's dividend yield for the trailing twelve months is around 5.09%, more than GINC.L's 3.38% yield.

PositionTTM20252024202320222021202020192018201720162015
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%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 GINC.L have a correlation of 0.63, 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 GINC.L tracks First Trust Global Equity Income UCITS ETF. They also come from different issuers: iShares and First Trust.

Portfolio Optimizer

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