IUVD.L vs. FGBL.L
IUVD.L (iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist)) and FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) are both exchange-traded funds - IUVD.L is a Large Cap Value Equities fund tracking the Russell 1000 Value TR USD, while FGBL.L is a Dividend fund tracking the Nasdaq Global High Equity Income NTR Index. Both are passively managed. Over the past 5 years, IUVD.L returned 15.56%/yr vs 12.40%/yr for FGBL.L. A 0.68 correlation means they provide meaningful diversification when combined. IUVD.L charges 0.20%/yr vs 0.60%/yr for FGBL.L.
Performance
IUVD.L vs. FGBL.L - Performance Comparison
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Different Trading Currencies
IUVD.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, IUVD.L achieves a 39.02% return, which is significantly higher than FGBL.L's 13.70% return.
IUVD.L
- 1D
- -0.09%
- 1M
- -4.80%
- 6M
- 32.62%
- YTD
- 39.02%
- 1Y
- 70.29%
- 3Y*
- 28.49%
- 5Y*
- 15.56%
- 10Y*
- —
FGBL.L
- 1D
- 0.04%
- 1M
- 2.28%
- 6M
- 11.33%
- YTD
- 13.70%
- 1Y
- 30.09%
- 3Y*
- 20.99%
- 5Y*
- 12.40%
- 10Y*
- 9.57%
IUVD.L vs. FGBL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) | 39.02% | 32.95% | 6.42% | 14.65% | -14.91% | 29.73% | -1.42% | 25.64% | -11.20% |
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 13.70% | 40.36% | 4.45% | 17.02% | -7.46% | 9.79% | -6.04% | 15.46% | -12.40% |
Correlation
The correlation between IUVD.L and FGBL.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2018 | 0.68 |
Over the past year, the correlation between IUVD.L and FGBL.L has dropped to 0.44 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
IUVD.L vs. FGBL.L — Risk / Return Rank
IUVD.L
FGBL.L
IUVD.L vs. FGBL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) and First Trust Global Equity Income UCITS ETF Class A USD (Acc) (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.
| IUVD.L | FGBL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.47 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 8.47 | 3.97 | +4.51 |
| Martin ratioReturn relative to average drawdown | 28.96 | 13.85 | +15.11 |
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Drawdowns
IUVD.L vs. FGBL.L - Drawdown Comparison
The maximum IUVD.L drawdown since its inception was -39.64%, smaller than the maximum FGBL.L drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for IUVD.L and FGBL.L.
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Drawdown Indicators
| IUVD.L | FGBL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.64% | -45.40% | +5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.25% | -7.55% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -13.56% | -5.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.67% | -26.59% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.54% | — |
Current DrawdownCurrent decline from peak | -6.82% | -0.11% | -6.71% |
Average DrawdownAverage peak-to-trough decline | -8.04% | -16.25% | +8.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.17% | +0.25% |
Volatility
IUVD.L vs. FGBL.L - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) (IUVD.L) has a higher volatility of 7.79% compared to First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) at 2.41%. This indicates that IUVD.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
| IUVD.L | FGBL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 2.41% | +5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 16.18% | 8.74% | +7.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.61% | 11.14% | +7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.12% | 14.68% | +3.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 15.64% | +4.32% |
IUVD.L vs. FGBL.L - Expense Ratio Comparison
IUVD.L has a 0.20% expense ratio, which is lower than FGBL.L's 0.60% expense ratio.
Dividends
IUVD.L vs. FGBL.L - Dividend Comparison
IUVD.L's dividend yield for the trailing twelve months is around 1.20%, while FGBL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUVD.L iShares Edge MSCI USA Value Factor UCITS ETF USD (Dist) | 1.20% | 1.64% | 2.24% | 2.27% | 2.61% | 1.84% | 2.26% | 2.26% | 1.73% |
Frequently Asked Questions
IUVD.L and FGBL.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUVD.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUVD.L is cheaper with a 0.20% expense ratio, compared with 0.60% for FGBL.L.
IUVD.L is categorized as Large Cap Value Equities, while FGBL.L is Dividend. IUVD.L tracks Russell 1000 Value TR USD, while FGBL.L tracks Nasdaq Global High Equity Income NTR Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.20% for IUVD.L and 0.60% for FGBL.L.
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