SDIP.L vs. GINC.L

Last updated Jul 16, 2026

SDIP.L (Global X SuperDividend UCITS ETF USD Distributing) and GINC.L (First Trust Global Equity Income UCITS ETF) are both Dividend funds - SDIP.L tracks the Solactive Global SuperDividend Index while GINC.L tracks the First Trust Global Equity Income UCITS ETF. Both are passively managed. Over the past 3 years, SDIP.L returned 11.81%/yr vs 19.76%/yr for GINC.L. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

SDIP.L vs. GINC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) and First Trust Global Equity Income UCITS ETF (GINC.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, SDIP.L achieves a 7.74% return, which is significantly lower than GINC.L's 12.60% return.

SDIP.L

• 1D: -0.27%
• 1M: -0.34%
• 6M: 3.77%
• YTD: 7.74%
• 1Y: 15.72%
• 3Y*: 11.81%
• 5Y*: —
• 10Y*: —

GINC.L

• 1D: -0.20%
• 1M: 0.57%
• 6M: 10.26%
• YTD: 12.60%
• 1Y: 28.66%
• 3Y*: 19.76%
• 5Y*: 12.70%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
SDIP.L Global X SuperDividend UCITS ETF USD Distributing	7.74%	18.63%	1.62%	0.39%	-17.07%
GINC.L First Trust Global Equity Income UCITS ETF	12.60%	30.32%	6.57%	10.62%	-2.47%

Correlation

The correlation between SDIP.L and GINC.L is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022	0.63

The correlation between SDIP.L and GINC.L shifts across timeframes, from 0.51 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

Return for Risk

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

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

SDIP.L

SDIP.L Risk / Return Rank: 64
SDIP.L Sharpe Ratio Rank: 62
SDIP.L Sortino Ratio Rank: 63
SDIP.L Omega Ratio Rank: 62
SDIP.L Calmar Ratio Rank: 72
SDIP.L Martin Ratio Rank: 60

GINC.L

GINC.L Risk / Return Rank: 93
GINC.L Sharpe Ratio Rank: 94
GINC.L Sortino Ratio Rank: 92
GINC.L Omega Ratio Rank: 92
GINC.L Calmar Ratio Rank: 93
GINC.L Martin Ratio Rank: 91

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.

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

This table presents a comparison of risk-adjusted performance metrics for Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) and First Trust Global Equity Income UCITS ETF (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.

	SDIP.L	GINC.L	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.83	-1.15
Sortino ratio: Return per unit of downside risk	2.38	3.67	-1.29
Omega ratio: Gain probability vs. loss probability	1.30	1.50	-0.20
Calmar ratio: Return relative to maximum drawdown	2.93	5.26	-2.33
Martin ratio: Return relative to average drawdown	8.61	17.20	-8.59

SDIP.L vs. GINC.L - Sharpe Ratio Comparison

The current SDIP.L Sharpe Ratio is 1.68, which is lower than the GINC.L Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of SDIP.L and GINC.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

SDIP.L vs. GINC.L - Drawdown Comparison

The maximum SDIP.L drawdown since its inception was -27.38%, smaller than the maximum GINC.L drawdown of -29.42%. Use the drawdown chart below to compare losses from any high point for SDIP.L and GINC.L.

Drawdown Indicators

	SDIP.L	GINC.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.38%	-29.42%	+2.04%
Max Drawdown (1Y) Largest decline over 1 year	-5.35%	-5.51%	+0.16%
Max Drawdown (3Y) Largest decline over 3 years	-17.52%	-12.34%	-5.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-12.34%	—
Current Drawdown Current decline from peak	-2.61%	-0.75%	-1.86%
Average Drawdown Average peak-to-trough decline	-12.90%	-5.97%	-6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.69%	+0.13%

Volatility

SDIP.L vs. GINC.L - Volatility Comparison

Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) and First Trust Global Equity Income UCITS ETF (GINC.L) have volatilities of 2.29% and 2.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDIP.L	GINC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	2.36%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	6.58%	7.63%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	9.35%	10.25%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.99%	12.44%	+3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.99%	15.28%	+0.71%

Dividends

SDIP.L vs. GINC.L - Dividend Comparison

SDIP.L's dividend yield for the trailing twelve months is around 9.36%, more than GINC.L's 3.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GINC.L First Trust Global Equity Income UCITS ETF	3.38%	3.67%	4.33%	5.62%	5.35%	3.84%	3.47%	3.95%	3.66%	3.20%
SDIP.L Global X SuperDividend UCITS ETF USD Distributing	9.36%	9.39%	11.34%	12.51%	8.71%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

SDIP.L and GINC.L have a correlation of 0.51, 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 SDIP.L and GINC.L?

SDIP.L tracks Solactive Global SuperDividend Index, while GINC.L tracks First Trust Global Equity Income UCITS ETF. They also come from different issuers: Global X and First Trust.