UINC.L vs. DHSD.L
UINC.L (First Trust US Equity Income UCITS ETF USD (Dist)) and DHSD.L (WisdomTree US High Dividend UCITS ETF USD (Dist)) are both Dividend funds - UINC.L tracks the Nasdaq US High Equity Income NTR Index while DHSD.L tracks the WisdomTree US High Dividend UCITS Index. Both are passively managed. Over the past 10 years, UINC.L returned 10.26%/yr vs 8.42%/yr for DHSD.L. A 0.80 correlation means they provide meaningful diversification when combined. UINC.L charges 0.55%/yr vs 0.29%/yr for DHSD.L.
Performance
UINC.L vs. DHSD.L - Performance Comparison
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Different Trading Currencies
UINC.L is traded in GBp, while DHSD.L is traded in USD. To make them comparable, the DHSD.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UINC.L achieves a 19.61% return, which is significantly higher than DHSD.L's 14.18% return. Over the past 10 years, UINC.L has outperformed DHSD.L with an annualized return of 10.26%, while DHSD.L has yielded a comparatively lower 8.42% annualized return.
UINC.L
- 1D
- 2.08%
- 1M
- 4.40%
- 6M
- 14.97%
- YTD
- 19.61%
- 1Y
- 27.63%
- 3Y*
- 15.28%
- 5Y*
- 10.68%
- 10Y*
- 10.26%
DHSD.L
- 1D
- 1.92%
- 1M
- 3.95%
- 6M
- 9.49%
- YTD
- 14.18%
- 1Y
- 24.75%
- 3Y*
- 15.42%
- 5Y*
- 11.74%
- 10Y*
- 8.42%
UINC.L vs. DHSD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UINC.L First Trust US Equity Income UCITS ETF USD (Dist) | 19.61% | 0.01% | 8.49% | 10.78% | 4.24% | 34.94% | -2.77% | 12.59% | -3.41% | 5.05% |
DHSD.L WisdomTree US High Dividend UCITS ETF USD (Dist) | 14.20% | 4.68% | 17.28% | -5.24% | 20.01% | 25.07% | -8.97% | 16.06% | -2.74% | 1.66% |
Correlation
The correlation between UINC.L and DHSD.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016 | 0.80 |
The correlation between UINC.L and DHSD.L has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
UINC.L vs. DHSD.L — Risk / Return Rank
UINC.L
DHSD.L
UINC.L vs. DHSD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Income UCITS ETF USD (Dist) (UINC.L) and WisdomTree US High Dividend UCITS ETF USD (Dist) (DHSD.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.
| UINC.L | DHSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.40 | 3.54 | +1.86 |
| Martin ratioReturn relative to average drawdown | 15.23 | 12.26 | +2.97 |
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Drawdowns
UINC.L vs. DHSD.L - Drawdown Comparison
The maximum UINC.L drawdown since its inception was -38.33%, which is greater than DHSD.L's maximum drawdown of -29.79%. Use the drawdown chart below to compare losses from any high point for UINC.L and DHSD.L.
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Drawdown Indicators
| UINC.L | DHSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.33% | -29.79% | -8.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -6.96% | +1.86% |
Max Drawdown (3Y)Largest decline over 3 years | -23.09% | -17.70% | -5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -18.74% | -4.35% |
Max Drawdown (10Y)Largest decline over 10 years | -38.33% | -29.79% | -8.54% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -5.69% | -2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.01% | -0.20% |
Volatility
UINC.L vs. DHSD.L - Volatility Comparison
First Trust US Equity Income UCITS ETF USD (Dist) (UINC.L) has a higher volatility of 3.96% compared to WisdomTree US High Dividend UCITS ETF USD (Dist) (DHSD.L) at 3.75%. This indicates that UINC.L's price experiences larger fluctuations and is considered to be riskier than DHSD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UINC.L | DHSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.96% | 3.75% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.20% | 9.61% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.78% | 12.03% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 14.97% | +1.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 15.80% | +3.78% |
UINC.L vs. DHSD.L - Expense Ratio Comparison
UINC.L has a 0.55% expense ratio, which is higher than DHSD.L's 0.29% expense ratio.
Dividends
UINC.L vs. DHSD.L - Dividend Comparison
UINC.L's dividend yield for the trailing twelve months is around 2.75%, more than DHSD.L's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHSD.L WisdomTree US High Dividend UCITS ETF USD (Dist) | 2.56% | 2.82% | 3.00% | 3.37% | 2.91% | 2.92% | 3.49% | 3.03% | 3.21% | 2.57% | 2.81% | 2.53% |
UINC.L First Trust US Equity Income UCITS ETF USD (Dist) | 2.75% | 3.03% | 2.84% | 3.20% | 3.25% | 2.15% | 3.40% | 3.14% | 3.01% | 2.49% | 1.60% | 0.00% |
Frequently Asked Questions
UINC.L and DHSD.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DHSD.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DHSD.L is cheaper with a 0.29% expense ratio, compared with 0.55% for UINC.L.
UINC.L tracks Nasdaq US High Equity Income NTR Index, while DHSD.L tracks WisdomTree US High Dividend UCITS Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.55% for UINC.L and 0.29% for DHSD.L.
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