IUKD.L vs. MRCH.L
IUKD.L (iShares UK Dividend UCITS ETF) is Dividend fund tracking the FTSE UK Dividend+ Index, while MRCH.L (Merchants Trust plc) is a stock. Over the past 10 years, IUKD.L returned 7.03%/yr vs 10.10%/yr for MRCH.L. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
IUKD.L vs. MRCH.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IUKD.L achieves a 7.22% return, which is significantly lower than MRCH.L's 7.88% return. Over the past 10 years, IUKD.L has underperformed MRCH.L with an annualized return of 7.03%, while MRCH.L has yielded a comparatively higher 10.10% annualized return.
IUKD.L
- 1D
- 0.49%
- 1M
- 1.90%
- YTD
- 7.22%
- 6M
- 9.76%
- 1Y
- 24.68%
- 3Y*
- 18.89%
- 5Y*
- 11.88%
- 10Y*
- 7.03%
MRCH.L
- 1D
- -0.16%
- 1M
- 4.15%
- YTD
- 7.88%
- 6M
- 9.34%
- 1Y
- 15.97%
- 3Y*
- 9.62%
- 5Y*
- 9.11%
- 10Y*
- 10.10%
IUKD.L vs. MRCH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUKD.L iShares UK Dividend UCITS ETF | 7.22% | 32.12% | 12.27% | 5.81% | -1.44% | 23.43% | -17.92% | 18.86% | -14.11% | 6.92% |
MRCH.L Merchants Trust plc | 7.88% | 14.08% | 3.96% | 4.69% | 5.47% | 32.06% | -14.30% | 28.41% | -3.09% | 15.75% |
Correlation
The correlation between IUKD.L and MRCH.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2005 | 0.70 |
The correlation between IUKD.L and MRCH.L has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IUKD.L vs. MRCH.L — Risk / Return Rank
IUKD.L
MRCH.L
IUKD.L vs. MRCH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Dividend UCITS ETF (IUKD.L) and Merchants Trust plc (MRCH.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.
| IUKD.L | MRCH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.22 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.28 | +1.20 |
| Martin ratioReturn relative to average drawdown | 8.97 | 4.00 | +4.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IUKD.L | MRCH.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.16 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.53 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.49 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.46 | -0.18 |
Drawdowns
IUKD.L vs. MRCH.L - Drawdown Comparison
The maximum IUKD.L drawdown since its inception was -61.95%, roughly equal to the maximum MRCH.L drawdown of -62.99%. Use the drawdown chart below to compare losses from any high point for IUKD.L and MRCH.L.
Loading charts...
Drawdown Indicators
| IUKD.L | MRCH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.95% | -62.99% | +1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -12.46% | +2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -10.52% | -18.91% | +8.39% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -18.91% | -1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -44.34% | -45.98% | +1.64% |
Current DrawdownCurrent decline from peak | -3.39% | -3.40% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -14.97% | -10.04% | -4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.74% | 3.98% | -1.24% |
Volatility
IUKD.L vs. MRCH.L - Volatility Comparison
iShares UK Dividend UCITS ETF (IUKD.L) and Merchants Trust plc (MRCH.L) have volatilities of 3.72% and 3.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IUKD.L | MRCH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 3.91% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 9.33% | 10.97% | -1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 13.74% | -2.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 17.22% | -3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.22% | 20.47% | -3.25% |
Dividends
IUKD.L vs. MRCH.L - Dividend Comparison
IUKD.L's dividend yield for the trailing twelve months is around 4.53%, less than MRCH.L's 4.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUKD.L iShares UK Dividend UCITS ETF | 4.53% | 4.85% | 5.78% | 5.34% | 6.39% | 5.68% | 4.11% | 5.70% | 6.86% | 5.19% | 4.87% | 5.67% |
MRCH.L Merchants Trust plc | 4.70% | 4.90% | 5.21% | 5.04% | 4.88% | 4.87% | 6.09% | 4.77% | 5.53% | 4.92% | 5.30% | 5.55% |
Frequently Asked Questions
IUKD.L and MRCH.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for IUKD.L and MRCH.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer