PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IUKD.L vs. UNCU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IUKD.L vs. UNCU.L

Last updated Jul 16, 2026
Documentation

IUKD.L (iShares UK Dividend UCITS ETF) and UNCU.L (First Trust US Equity Income UCITS ETF Class B) are both Dividend funds - IUKD.L tracks the FTSE UK Dividend+ Index while UNCU.L tracks the First Trust US Equity Income UCITS ETF Class B. Both are passively managed. Over the past 5 years, IUKD.L returned 12.89%/yr vs 10.24%/yr for UNCU.L. At a 0.43 correlation, their price movements are largely independent.

Performance

IUKD.L vs. UNCU.L - Performance Comparison

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

Loading charts...

Different Trading Currencies

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

Returns By Period

In the year-to-date period, IUKD.L achieves a 11.46% return, which is significantly lower than UNCU.L's 16.75% return.

IUKD.L

1D
0.08%
1M
2.34%
6M
10.21%
YTD
11.46%
1Y
27.41%
3Y*
21.91%
5Y*
12.89%
10Y*
7.21%

UNCU.L

1D
-0.03%
1M
1.27%
6M
13.48%
YTD
16.75%
1Y
22.11%
3Y*
14.43%
5Y*
10.24%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IUKD.L
iShares UK Dividend UCITS ETF		11.46%32.12%12.27%5.81%-1.44%23.43%-17.92%18.86%-14.11%0.02%
UNCU.L
First Trust US Equity Income UCITS ETF Class B		16.75%-0.12%8.49%11.30%4.16%33.28%-1.65%12.87%-2.91%10.62%

Correlation

The correlation between IUKD.L and UNCU.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.34

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

0.43

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

0.45

Correlation (All Time)
Calculated using the full available price history since May 9, 2017

0.43

The correlation between IUKD.L and UNCU.L shifts across timeframes, from 0.34 (1 year) to 0.45 (5 years), reflecting how their relationship changes across market environments.

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

First Trust US Equity Income UCITS ETF Class B

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. LDUK.L

Return for Risk

IUKD.L vs. UNCU.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: 8181
Overall Rank
IUKD.L Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
IUKD.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
IUKD.L Omega Ratio Rank: 9090
Omega Ratio Rank
IUKD.L Calmar Ratio Rank: 6969
Calmar Ratio Rank
IUKD.L Martin Ratio Rank: 6767
Martin Ratio Rank
UNCU.L
UNCU.L Risk / Return Rank: 7272
Overall Rank
UNCU.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
UNCU.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
UNCU.L Omega Ratio Rank: 6363
Omega Ratio Rank
UNCU.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
UNCU.L Martin Ratio Rank: 6565
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. UNCU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares UK Dividend UCITS ETF (IUKD.L) and First Trust US Equity Income UCITS ETF Class B (UNCU.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.

IUKD.LUNCU.LDifference
Sharpe ratioReturn per unit of total volatility
2.40
1.65

+0.75

Sortino ratioReturn per unit of downside risk
3.24
2.39

+0.85

Omega ratioGain probability vs. loss probability

1.45

1.28

+0.17

Calmar ratioReturn relative to maximum drawdown

2.75

4.22

-1.47

Martin ratioReturn relative to average drawdown

9.71

11.91

-2.19

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

The current IUKD.L Sharpe Ratio is 2.40, which is higher than the UNCU.L Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of IUKD.L and UNCU.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.

Loading charts...

Drawdowns

IUKD.L vs. UNCU.L - Drawdown Comparison

The maximum IUKD.L drawdown since its inception was -61.97%, which is greater than UNCU.L's maximum drawdown of -39.03%. Use the drawdown chart below to compare losses from any high point for IUKD.L and UNCU.L.

Loading charts...

Drawdown Indicators

IUKD.LUNCU.LDifference

Max Drawdown

Largest peak-to-trough decline

-61.97%

-39.03%

-22.94%

Max Drawdown (1Y)

Largest decline over 1 year

-9.92%

-5.22%

-4.70%

Max Drawdown (3Y)

Largest decline over 3 years

-10.52%

-22.98%

+12.46%

Max Drawdown (5Y)

Largest decline over 5 years

-19.93%

-22.98%

+3.05%

Max Drawdown (10Y)

Largest decline over 10 years

-44.34%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.02%

+1.02%

Average Drawdown

Average peak-to-trough decline

-15.49%

-6.53%

-8.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.82%

1.85%

+0.97%

Volatility

IUKD.L vs. UNCU.L - Volatility Comparison

The current volatility for iShares UK Dividend UCITS ETF (IUKD.L) is 2.86%, while First Trust US Equity Income UCITS ETF Class B (UNCU.L) has a volatility of 4.27%. This indicates that IUKD.L experiences smaller price fluctuations and is considered to be less risky than UNCU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IUKD.LUNCU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.86%

4.27%

-1.41%

Volatility (6M)

Calculated over the trailing 6-month period

9.61%

9.90%

-0.29%

Volatility (1Y)

Calculated over the trailing 1-year period

11.41%

13.35%

-1.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.78%

17.37%

-3.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.79%

21.93%

-5.14%

Dividends

IUKD.L vs. UNCU.L - Dividend Comparison

IUKD.L's dividend yield for the trailing twelve months is around 4.70%, while UNCU.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IUKD.L
iShares UK Dividend UCITS ETF		4.70%4.85%5.78%5.34%6.39%5.68%4.11%5.70%6.86%5.19%4.87%5.67%
UNCU.L
First Trust US Equity Income UCITS ETF Class B		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IUKD.L and UNCU.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IUKD.L tracks FTSE UK Dividend+ Index, while UNCU.L tracks First Trust US Equity Income UCITS ETF Class B. They also come from different issuers: iShares and First Trust.

Portfolio Optimizer

Find the right allocation for IUKD.L and UNCU.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