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QDIV.L vs. UNCU.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

QDIV.L vs. UNCU.L

Last updated Jul 16, 2026
Documentation

QDIV.L (iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)) and UNCU.L (First Trust US Equity Income UCITS ETF Class B) are both Dividend funds - QDIV.L tracks the iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) while UNCU.L tracks the First Trust US Equity Income UCITS ETF Class B. Both are passively managed. Over the past 5 years, QDIV.L returned 11.80%/yr vs 9.86%/yr for UNCU.L. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

QDIV.L vs. UNCU.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 US Equity Income UCITS ETF Class B (UNCU.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, QDIV.L achieves a 13.61% return, which is significantly lower than UNCU.L's 17.23% 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%

UNCU.L

1D
1.02%
1M
2.16%
6M
14.18%
YTD
17.23%
1Y
23.41%
3Y*
15.69%
5Y*
9.86%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%13.37%
UNCU.L
First Trust US Equity Income UCITS ETF Class B		17.23%7.54%6.63%17.16%-6.91%32.03%1.33%17.33%-8.34%15.56%

Correlation

The correlation between QDIV.L and UNCU.L is 0.53, 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

0.53

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

0.66

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

0.72

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

0.63

The correlation between QDIV.L and UNCU.L shifts across timeframes, from 0.53 (1 year) to 0.72 (5 years), reflecting how their relationship changes across market environments.

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iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)

First Trust US Equity Income UCITS ETF Class B

Return for Risk

QDIV.L vs. UNCU.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: 8383
Overall Rank
QDIV.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
QDIV.L Sortino Ratio Rank: 9191
Sortino Ratio Rank
QDIV.L Omega Ratio Rank: 8484
Omega Ratio Rank
QDIV.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
QDIV.L Martin Ratio Rank: 8080
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.

QDIV.L vs. UNCU.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 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.

QDIV.LUNCU.LDifference
Sharpe ratioReturn per unit of total volatility
2.21
1.84

+0.38

Sortino ratioReturn per unit of downside risk
3.48
2.78

+0.70

Omega ratioGain probability vs. loss probability

1.40

1.31

+0.09

Calmar ratioReturn relative to maximum drawdown

3.10

3.48

-0.37

Martin ratioReturn relative to average drawdown

12.18

9.18

+2.99

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

The current QDIV.L Sharpe Ratio is 2.21, which is comparable to the UNCU.L Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of QDIV.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.

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Drawdowns

QDIV.L vs. UNCU.L - Drawdown Comparison

The maximum QDIV.L drawdown since its inception was -33.39%, smaller than the maximum UNCU.L drawdown of -45.45%. Use the drawdown chart below to compare losses from any high point for QDIV.L and UNCU.L.

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Drawdown Indicators

QDIV.LUNCU.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.39%

-45.45%

+12.06%

Max Drawdown (1Y)

Largest decline over 1 year

-7.99%

-6.71%

-1.28%

Max Drawdown (3Y)

Largest decline over 3 years

-17.36%

-21.42%

+4.06%

Max Drawdown (5Y)

Largest decline over 5 years

-17.36%

-21.42%

+4.06%

Max Drawdown (10Y)

Largest decline over 10 years

-33.39%

—

—

Current Drawdown

Current decline from peak

-1.72%

0.00%

-1.72%

Average Drawdown

Average peak-to-trough decline

-3.36%

-6.94%

+3.58%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.04%

2.54%

-0.50%

Volatility

QDIV.L vs. UNCU.L - Volatility Comparison

The current volatility for iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.L) is 2.94%, while First Trust US Equity Income UCITS ETF Class B (UNCU.L) has a volatility of 3.92%. This indicates that QDIV.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.

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Volatility by Period

QDIV.LUNCU.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.94%

3.92%

-0.98%

Volatility (6M)

Calculated over the trailing 6-month period

8.95%

8.80%

+0.15%

Volatility (1Y)

Calculated over the trailing 1-year period

11.24%

12.72%

-1.48%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.45%

17.82%

-3.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.08%

22.16%

-7.08%

Dividends

QDIV.L vs. UNCU.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
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%
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

QDIV.L and UNCU.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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