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IUKD.L vs. MUT.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUKD.L vs. MUT.L

Last updated Jun 5, 2026

IUKD.L (iShares UK Dividend UCITS ETF) is Dividend fund tracking the FTSE UK Dividend+ Index, while MUT.L (Murray Income Trust) is a stock. Over the past 10 years, IUKD.L returned 7.03%/yr vs 22.02%/yr for MUT.L. A 0.67 correlation means they provide meaningful diversification when combined.

Performance

IUKD.L vs. MUT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares UK Dividend UCITS ETF (IUKD.L) and Murray Income Trust (MUT.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, IUKD.L achieves a 7.22% return, which is significantly higher than MUT.L's 4.52% return. Over the past 10 years, IUKD.L has underperformed MUT.L with an annualized return of 7.03%, while MUT.L has yielded a comparatively higher 22.02% 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%

MUT.L

1D
0.11%
1M
2.12%
YTD
4.52%
6M
6.03%
1Y
13.96%
3Y*
7.56%
5Y*
33.15%
10Y*
22.02%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IUKD.L vs. MUT.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
MUT.L
Murray Income Trust		4.52%16.94%-1.15%7.33%216.52%14.08%-2.43%28.34%-4.55%14.92%

Correlation

The correlation between IUKD.L and MUT.L is 0.72, 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

0.72

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

0.72

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

0.73

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

0.65

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2005

0.67

The correlation between IUKD.L and MUT.L has been stable across timeframes, ranging from 0.65 to 0.73 - 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.

iShares UK Dividend UCITS ETF

Murray Income Trust

Often compared with IUKD.L:
IUKD.L vs. VUKE.LIUKD.L vs. UKDV.LIUKD.L vs. CUKX.LIUKD.L vs. LGEN.LIUKD.L vs. IDVY.LIUKD.L vs. FLGBIUKD.L vs. CPJ1.L
Often compared with MUT.L:
MUT.L vs. MYI.LMUT.L vs. MNG.LMUT.L vs. BUT.LMUT.L vs. MRCH.LMUT.L vs. VWRP.LMUT.L vs. HMWO.LMUT.L vs. CTY.L

Return for Risk

IUKD.L vs. MUT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IUKD.L
IUKD.L Risk / Return Rank: 6161
Overall Rank
IUKD.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IUKD.L Sortino Ratio Rank: 6565
Sortino Ratio Rank
IUKD.L Omega Ratio Rank: 7070
Omega Ratio Rank
IUKD.L Calmar Ratio Rank: 5151
Calmar Ratio Rank
IUKD.L Martin Ratio Rank: 5353
Martin Ratio Rank
MUT.L
MUT.L Risk / Return Rank: 6969
Overall Rank
MUT.L Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
MUT.L Sortino Ratio Rank: 6868
Sortino Ratio Rank
MUT.L Omega Ratio Rank: 6767
Omega Ratio Rank
MUT.L Calmar Ratio Rank: 6565
Calmar Ratio Rank
MUT.L Martin Ratio Rank: 7070
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.

IUKD.L vs. MUT.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares UK Dividend UCITS ETF (IUKD.L) and Murray Income Trust (MUT.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.LMUT.LDifference
Sharpe ratioReturn per unit of total volatility
2.19
1.10

+1.10

Sortino ratioReturn per unit of downside risk
2.96
1.61

+1.35

Omega ratioGain probability vs. loss probability

1.41

1.21

+0.20

Calmar ratioReturn relative to maximum drawdown

2.48

1.20

+1.28

Martin ratioReturn relative to average drawdown

8.97

3.70

+5.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IUKD.L vs. MUT.L - Sharpe Ratio Comparison

The current IUKD.L Sharpe Ratio is 2.19, which is higher than the MUT.L Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of IUKD.L and MUT.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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Sharpe Ratios by Period

IUKD.LMUT.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.19

1.10

+1.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.86

0.33

+0.53

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

0.30

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.28

0.30

-0.02

Drawdowns

IUKD.L vs. MUT.L - Drawdown Comparison

The maximum IUKD.L drawdown since its inception was -61.95%, smaller than the maximum MUT.L drawdown of -73.11%. Use the drawdown chart below to compare losses from any high point for IUKD.L and MUT.L.

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Drawdown Indicators

IUKD.LMUT.LDifference

Max Drawdown

Largest peak-to-trough decline

-61.95%

-73.11%

+11.16%

Max Drawdown (1Y)

Largest decline over 1 year

-9.92%

-11.63%

+1.71%

Max Drawdown (3Y)

Largest decline over 3 years

-10.52%

-13.20%

+2.68%

Max Drawdown (5Y)

Largest decline over 5 years

-19.93%

-18.15%

-1.78%

Max Drawdown (10Y)

Largest decline over 10 years

-44.34%

-35.97%

-8.37%

Current Drawdown

Current decline from peak

-3.39%

-4.49%

+1.10%

Average Drawdown

Average peak-to-trough decline

-14.97%

-10.37%

-4.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.74%

3.76%

-1.02%

Volatility

IUKD.L vs. MUT.L - Volatility Comparison

iShares UK Dividend UCITS ETF (IUKD.L) has a higher volatility of 3.72% compared to Murray Income Trust (MUT.L) at 2.98%. This indicates that IUKD.L's price experiences larger fluctuations and is considered to be riskier than MUT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IUKD.LMUT.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.72%

2.98%

+0.74%

Volatility (6M)

Calculated over the trailing 6-month period

9.33%

9.91%

-0.58%

Volatility (1Y)

Calculated over the trailing 1-year period

11.21%

12.68%

-1.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.84%

101.30%

-87.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.22%

72.87%

-55.65%

Dividends

IUKD.L vs. MUT.L - Dividend Comparison

IUKD.L's dividend yield for the trailing twelve months is around 4.53%, more than MUT.L's 4.28% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
MUT.L
Murray Income Trust		4.28%4.38%4.71%4.48%76.11%3.29%4.63%3.82%4.57%4.23%4.45%4.76%

Frequently Asked Questions

IUKD.L and MUT.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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