QDIV.L vs. FGBL.L

Last updated Jul 16, 2026

QDIV.L (iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)) and FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD) are both Dividend funds - QDIV.L tracks the iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) while FGBL.L tracks the First Trust Global Equity Income UCITS ETF Class A USD. Both are passively managed. Over the past 10 years, QDIV.L returned 11.00%/yr vs 9.55%/yr for FGBL.L. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

QDIV.L vs. FGBL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.L) and First Trust Global Equity Income UCITS ETF Class A USD (FGBL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

QDIV.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

The year-to-date returns for both investments are quite close, with QDIV.L having a 13.61% return and FGBL.L slightly higher at 13.78%. Over the past 10 years, QDIV.L has outperformed FGBL.L with an annualized return of 11.00%, while FGBL.L has yielded a comparatively lower 9.55% annualized return.

QDIV.L

• 1D: -0.27%
• 1M: -1.14%
• 6M: 11.96%
• YTD: 13.61%
• 1Y: 24.05%
• 3Y*: 17.79%
• 5Y*: 11.80%
• 10Y*: 11.00%

FGBL.L

• 1D: 0.00%
• 1M: 1.86%
• 6M: 11.52%
• YTD: 13.78%
• 1Y: 30.32%
• 3Y*: 21.30%
• 5Y*: 12.41%
• 10Y*: 9.55%

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

QDIV.L vs. FGBL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
QDIV.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)	13.61%	16.66%	15.35%	14.30%	-6.23%	21.82%	0.08%	21.36%	-3.83%	18.55%
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD	13.78%	40.36%	4.45%	17.02%	-7.46%	9.79%	-6.04%	15.46%	-11.25%	22.54%

Correlation

The correlation between QDIV.L and FGBL.L is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Aug 28, 2015	0.66

The correlation between QDIV.L and FGBL.L shifts across timeframes, from 0.54 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.

Return for Risk

QDIV.L vs. FGBL.L — Risk / Return Rank

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

QDIV.L

QDIV.L Risk / Return Rank: 83
QDIV.L Sharpe Ratio Rank: 86
QDIV.L Sortino Ratio Rank: 91
QDIV.L Omega Ratio Rank: 84
QDIV.L Calmar Ratio Rank: 76
QDIV.L Martin Ratio Rank: 80

FGBL.L

FGBL.L Risk / Return Rank: 94
FGBL.L Sharpe Ratio Rank: 96
FGBL.L Sortino Ratio Rank: 95
FGBL.L Omega Ratio Rank: 95
FGBL.L Calmar Ratio Rank: 93
FGBL.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.

QDIV.L vs. FGBL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.L) and First Trust Global Equity Income UCITS ETF Class A USD (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.

	QDIV.L	FGBL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.76	-0.55
Sortino ratio: Return per unit of downside risk	3.48	3.81	-0.33
Omega ratio: Gain probability vs. loss probability	1.40	1.49	-0.08
Calmar ratio: Return relative to maximum drawdown	3.10	4.07	-0.96
Martin ratio: Return relative to average drawdown	12.18	14.20	-2.02

QDIV.L vs. FGBL.L - Sharpe Ratio Comparison

The current QDIV.L Sharpe Ratio is 2.21, which is comparable to the FGBL.L Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of QDIV.L and FGBL.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.

Drawdowns

QDIV.L vs. FGBL.L - Drawdown Comparison

The maximum QDIV.L drawdown since its inception was -33.39%, smaller than the maximum FGBL.L drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for QDIV.L and FGBL.L.

Drawdown Indicators

	QDIV.L	FGBL.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.39%	-45.40%	+12.01%
Max Drawdown (1Y) Largest decline over 1 year	-7.99%	-7.55%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-17.36%	-13.56%	-3.80%
Max Drawdown (5Y) Largest decline over 5 years	-17.36%	-26.59%	+9.23%
Max Drawdown (10Y) Largest decline over 10 years	-33.39%	-39.54%	+6.15%
Current Drawdown Current decline from peak	-1.72%	0.00%	-1.72%
Average Drawdown Average peak-to-trough decline	-3.36%	-16.26%	+12.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	2.17%	-0.13%

Volatility

QDIV.L vs. FGBL.L - Volatility Comparison

iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.L) has a higher volatility of 2.94% compared to First Trust Global Equity Income UCITS ETF Class A USD (FGBL.L) at 2.65%. This indicates that QDIV.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.

Volatility by Period

	QDIV.L	FGBL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	2.65%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	8.95%	8.75%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.24%	11.14%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	14.68%	-0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	15.64%	-0.56%

Dividends

QDIV.L vs. FGBL.L - Dividend Comparison

QDIV.L's dividend yield for the trailing twelve months is around 1.52%, while FGBL.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QDIV.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)	1.52%	1.67%	1.93%	2.00%	2.27%	2.08%	2.50%	2.36%	2.44%	2.15%	2.32%	2.47%

Frequently Asked Questions

Can I hold both QDIV.L and FGBL.L in my portfolio?

QDIV.L and FGBL.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between QDIV.L and FGBL.L?

QDIV.L tracks iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist), while FGBL.L tracks First Trust Global Equity Income UCITS ETF Class A USD. They also come from different issuers: iShares and First Trust.