IUVF.L vs. FGBL.L
IUVF.L (iShares Edge MSCI USA Value Factor UCITS) and FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) are both exchange-traded funds - IUVF.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, IUVF.L returned 16.15%/yr vs 12.90%/yr for FGBL.L. A 0.70 correlation means they provide meaningful diversification when combined. IUVF.L charges 0.20%/yr vs 0.60%/yr for FGBL.L.
Performance
IUVF.L vs. FGBL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IUVF.L achieves a 39.00% return, which is significantly higher than FGBL.L's 13.76% return.
IUVF.L
- 1D
- 0.11%
- 1M
- -5.16%
- 6M
- 32.06%
- YTD
- 39.00%
- 1Y
- 69.68%
- 3Y*
- 27.21%
- 5Y*
- 16.15%
- 10Y*
- —
FGBL.L
- 1D
- 0.26%
- 1M
- 1.06%
- 6M
- 10.74%
- YTD
- 13.76%
- 1Y
- 29.77%
- 3Y*
- 19.74%
- 5Y*
- 12.90%
- 10Y*
- 9.29%
IUVF.L vs. FGBL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IUVF.L iShares Edge MSCI USA Value Factor UCITS | 39.00% | 23.92% | 8.23% | 8.28% | -4.63% | 31.29% | -4.75% | 22.11% | -7.17% | 10.45% |
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 13.76% | 30.51% | 6.22% | 11.15% | 3.62% | 10.79% | -8.84% | 11.01% | -5.93% | 11.89% |
Correlation
The correlation between IUVF.L and FGBL.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2016 | 0.70 |
Over the past year, the correlation between IUVF.L and FGBL.L has dropped to 0.40 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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
IUVF.L vs. FGBL.L — Risk / Return Rank
IUVF.L
FGBL.L
IUVF.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 (IUVF.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.
| IUVF.L | FGBL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.70 | 1.57 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 8.11 | 5.22 | +2.90 |
| Martin ratioReturn relative to average drawdown | 31.72 | 18.20 | +13.53 |
Loading charts...
Drawdowns
IUVF.L vs. FGBL.L - Drawdown Comparison
The maximum IUVF.L drawdown since its inception was -31.83%, smaller than the maximum FGBL.L drawdown of -40.36%. Use the drawdown chart below to compare losses from any high point for IUVF.L and FGBL.L.
Loading charts...
Drawdown Indicators
| IUVF.L | FGBL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.83% | -40.36% | +8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -8.55% | -5.68% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -12.45% | -7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | -12.45% | -7.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.44% | — |
Current DrawdownCurrent decline from peak | -8.44% | -0.03% | -8.41% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -8.01% | +2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.19% | 1.63% | +0.56% |
Volatility
IUVF.L vs. FGBL.L - Volatility Comparison
iShares Edge MSCI USA Value Factor UCITS (IUVF.L) has a higher volatility of 7.76% compared to First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) at 2.11%. This indicates that IUVF.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.
Loading charts...
Volatility by Period
| IUVF.L | FGBL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 2.11% | +5.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.09% | 7.11% | +7.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.43% | 9.33% | +8.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.41% | 11.86% | +4.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 13.92% | +4.14% |
IUVF.L vs. FGBL.L - Expense Ratio Comparison
IUVF.L has a 0.20% expense ratio, which is lower than FGBL.L's 0.60% expense ratio.
Dividends
IUVF.L vs. FGBL.L - Dividend Comparison
Neither IUVF.L nor FGBL.L has paid dividends to shareholders.
Frequently Asked Questions
IUVF.L and FGBL.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUVF.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUVF.L is cheaper with a 0.20% expense ratio, compared with 0.60% for FGBL.L.
IUVF.L is categorized as Large Cap Value Equities, while FGBL.L is Dividend. IUVF.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 IUVF.L and 0.60% for FGBL.L.
Find the right allocation for IUVF.L and FGBL.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