LDGL.L vs. GINC.L

Last updated Jul 18, 2026

LDGL.L (L&G Global Quality Dividends UCITS ETF USD Distributing) and GINC.L (First Trust Global Equity Income UCITS ETF USD (Dist)) are both Global Equity Income funds - LDGL.L tracks the FTSE Developed All Cap Dividend Growth with Quality Index while GINC.L tracks the Nasdaq Global High Equity Income NTR Index. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. LDGL.L charges 0.29%/yr vs 0.60%/yr for GINC.L.

Performance

LDGL.L vs. GINC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Global Quality Dividends UCITS ETF USD Distributing (LDGL.L) and First Trust Global Equity Income UCITS ETF USD (Dist) (GINC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

LDGL.L

• 1D: 0.00%
• 1M: 0.79%
• 6M: 11.03%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GINC.L

• 1D: 0.21%
• 1M: 2.77%
• 6M: 11.51%
• YTD: 13.77%
• 1Y: 29.43%
• 3Y*: 21.03%
• 5Y*: 12.44%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LDGL.L vs. GINC.L - Yearly Performance Comparison

	2026 (YTD)
LDGL.L L&G Global Quality Dividends UCITS ETF USD Distributing	12.75%
GINC.L First Trust Global Equity Income UCITS ETF USD (Dist)	12.55%

Correlation

The correlation between LDGL.L and GINC.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 (All Time) Calculated using the full available price history since Jan 12, 2026	0.72

Return for Risk

LDGL.L vs. GINC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LDGL.L

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GINC.L

GINC.L Risk / Return Rank: 94
GINC.L Sharpe Ratio Rank: 95
GINC.L Sortino Ratio Rank: 93
GINC.L Omega Ratio Rank: 93
GINC.L Calmar Ratio Rank: 94
GINC.L Martin Ratio Rank: 92

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.

LDGL.L vs. GINC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Global Quality Dividends UCITS ETF USD Distributing (LDGL.L) and First Trust Global Equity Income UCITS ETF USD (Dist) (GINC.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.

	LDGL.L	GINC.L	Difference
Sharpe ratio: Return per unit of total volatility	—	2.48	—
Sortino ratio: Return per unit of downside risk	—	3.24	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	4.37	—
Martin ratio: Return relative to average drawdown	—	13.54	—

Drawdowns

LDGL.L vs. GINC.L - Drawdown Comparison

The maximum LDGL.L drawdown since its inception was -9.46%, smaller than the maximum GINC.L drawdown of -40.05%. Use the drawdown chart below to compare losses from any high point for LDGL.L and GINC.L.

Drawdown Indicators

	LDGL.L	GINC.L	Difference
Max Drawdown Largest peak-to-trough decline	-9.46%	-40.05%	+30.59%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.71%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.74%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-2.33%	-8.08%	+5.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.17%	—

Volatility

Volatility by Period

	LDGL.L	GINC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	11.84%	+2.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.19%	15.15%	-0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.19%	16.99%	-2.80%

LDGL.L vs. GINC.L - Expense Ratio Comparison

LDGL.L has a 0.29% expense ratio, which is lower than GINC.L's 0.60% expense ratio.

Dividends

LDGL.L vs. GINC.L - Dividend Comparison

LDGL.L's dividend yield for the trailing twelve months is around 1.92%, less than GINC.L's 3.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GINC.L First Trust Global Equity Income UCITS ETF USD (Dist)	3.34%	3.67%	4.33%	5.62%	5.35%	3.84%	3.47%	3.95%	3.66%	3.20%
LDGL.L L&G Global Quality Dividends UCITS ETF USD Distributing	1.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LDGL.L and GINC.L in my portfolio?

LDGL.L and GINC.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.

Which ETF is better, LDGL.L or GINC.L?

On fees, LDGL.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LDGL.L or GINC.L?

LDGL.L is cheaper with a 0.29% expense ratio, compared with 0.60% for GINC.L.

What is the main difference between LDGL.L and GINC.L?

LDGL.L tracks FTSE Developed All Cap Dividend Growth with Quality Index, while GINC.L tracks Nasdaq Global High Equity Income NTR Index. They also come from different issuers: L&G and First Trust. Their fees differ too: 0.29% for LDGL.L and 0.60% for GINC.L.