R1VL.L vs. FGBL.L
R1VL.L (iShares Russell 1000 Value UCITS ETF USD (Acc)) and FGBL.L (First Trust Global Equity Income UCITS ETF Class A USD (Acc)) are both exchange-traded funds - R1VL.L is a Large Cap Value Equities fund tracking the Russell 1000 Value UCITS 30/18 Capped Net Tax 15% Index, while FGBL.L is a Dividend fund tracking the Nasdaq Global High Equity Income NTR Index. Both are passively managed. Over the past 3 years, R1VL.L returned 17.50%/yr vs 20.99%/yr for FGBL.L. A 0.62 correlation means they provide meaningful diversification when combined. R1VL.L charges 0.18%/yr vs 0.60%/yr for FGBL.L.
Performance
R1VL.L vs. FGBL.L - Performance Comparison
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Different Trading Currencies
R1VL.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, R1VL.L achieves a 18.22% return, which is significantly higher than FGBL.L's 13.70% return.
R1VL.L
- 1D
- -0.17%
- 1M
- 2.12%
- 6M
- 14.29%
- YTD
- 18.22%
- 1Y
- 29.25%
- 3Y*
- 17.50%
- 5Y*
- —
- 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%
R1VL.L vs. FGBL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
R1VL.L iShares Russell 1000 Value UCITS ETF USD (Acc) | 18.22% | 16.01% | 13.45% | 6.43% |
FGBL.L First Trust Global Equity Income UCITS ETF Class A USD (Acc) | 13.70% | 40.36% | 4.45% | 10.28% |
Correlation
The correlation between R1VL.L and FGBL.L is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.62 |
The correlation between R1VL.L and FGBL.L has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
R1VL.L vs. FGBL.L — Risk / Return Rank
R1VL.L
FGBL.L
R1VL.L vs. FGBL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 1000 Value UCITS ETF USD (Acc) (R1VL.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.
| R1VL.L | FGBL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.47 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 3.97 | +1.07 |
| Martin ratioReturn relative to average drawdown | 18.84 | 13.85 | +4.99 |
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Drawdowns
R1VL.L vs. FGBL.L - Drawdown Comparison
The maximum R1VL.L drawdown since its inception was -16.43%, smaller than the maximum FGBL.L drawdown of -45.40%. Use the drawdown chart below to compare losses from any high point for R1VL.L and FGBL.L.
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Drawdown Indicators
| R1VL.L | FGBL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -45.40% | +28.97% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -7.55% | +1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -16.43% | -13.56% | -2.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.59% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.54% | — |
Current DrawdownCurrent decline from peak | -0.17% | -0.11% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -16.25% | +13.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 2.17% | -0.62% |
Volatility
R1VL.L vs. FGBL.L - Volatility Comparison
iShares Russell 1000 Value UCITS ETF USD (Acc) (R1VL.L) has a higher volatility of 2.54% compared to First Trust Global Equity Income UCITS ETF Class A USD (Acc) (FGBL.L) at 2.41%. This indicates that R1VL.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
| R1VL.L | FGBL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.54% | 2.41% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 8.74% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.48% | 11.14% | -0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.60% | 14.68% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.60% | 15.64% | -3.04% |
R1VL.L vs. FGBL.L - Expense Ratio Comparison
R1VL.L has a 0.18% expense ratio, which is lower than FGBL.L's 0.60% expense ratio.
Dividends
R1VL.L vs. FGBL.L - Dividend Comparison
Neither R1VL.L nor FGBL.L has paid dividends to shareholders.
Frequently Asked Questions
R1VL.L and FGBL.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, R1VL.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
R1VL.L is cheaper with a 0.18% expense ratio, compared with 0.60% for FGBL.L.
R1VL.L is categorized as Large Cap Value Equities, while FGBL.L is Dividend. R1VL.L tracks Russell 1000 Value UCITS 30/18 Capped Net Tax 15% Index, 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: 0.18% for R1VL.L and 0.60% for FGBL.L.
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