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UINC.L vs. GINC.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UINC.L vs. GINC.L

Last updated Jul 16, 2026
Documentation

UINC.L (First Trust US Equity Income UCITS ETF) and GINC.L (First Trust Global Equity Income UCITS ETF) are both Dividend funds from First Trust - UINC.L tracks the First Trust US Equity Income UCITS ETF while GINC.L tracks the First Trust Global Equity Income UCITS ETF. Both are passively managed. Over the past 5 years, UINC.L returned 10.14%/yr vs 12.70%/yr for GINC.L. A 0.66 correlation means they provide meaningful diversification when combined.

Performance

UINC.L vs. GINC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust US Equity Income UCITS ETF (UINC.L) and First Trust Global Equity Income UCITS ETF (GINC.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, UINC.L achieves a 16.69% return, which is significantly higher than GINC.L's 12.60% return.

UINC.L

1D
-0.42%
1M
1.33%
6M
13.40%
YTD
16.69%
1Y
22.27%
3Y*
14.34%
5Y*
10.14%
10Y*
9.99%

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)

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

2026 (YTD)202520242023202220212020201920182017
UINC.L
First Trust US Equity Income UCITS ETF		16.69%0.01%8.49%10.78%4.24%34.94%-2.77%12.59%-3.41%5.05%
GINC.L
First Trust Global Equity Income UCITS ETF		12.60%30.32%6.57%10.62%4.04%10.87%-8.93%11.11%-6.13%11.75%

Correlation

The correlation between UINC.L and GINC.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

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

0.51

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

0.59

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2016

0.66

Over the past year, the correlation between UINC.L and GINC.L has dropped to 0.41 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

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First Trust US Equity Income UCITS ETF

First Trust Global Equity Income UCITS ETF

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UINC.L
UINC.L Risk / Return Rank: 8181
Overall Rank
UINC.L Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
UINC.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
UINC.L Omega Ratio Rank: 7171
Omega Ratio Rank
UINC.L Calmar Ratio Rank: 9292
Calmar Ratio Rank
UINC.L Martin Ratio Rank: 8585
Martin Ratio Rank
GINC.L
GINC.L Risk / Return Rank: 9393
Overall Rank
GINC.L Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
GINC.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
GINC.L Omega Ratio Rank: 9292
Omega Ratio Rank
GINC.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
GINC.L Martin Ratio Rank: 9191
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.

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

This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Income UCITS ETF (UINC.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.

UINC.LGINC.LDifference
Sharpe ratioReturn per unit of total volatility
1.95
2.83

-0.88

Sortino ratioReturn per unit of downside risk
2.83
3.67

-0.84

Omega ratioGain probability vs. loss probability

1.34

1.50

-0.17

Calmar ratioReturn relative to maximum drawdown

4.79

5.26

-0.47

Martin ratioReturn relative to average drawdown

13.50

17.20

-3.69

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

The current UINC.L Sharpe Ratio is 1.95, which is lower than the GINC.L Sharpe Ratio of 2.83. The chart below compares the historical Sharpe Ratios of UINC.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.

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Drawdowns

UINC.L vs. GINC.L - Drawdown Comparison

The maximum UINC.L drawdown since its inception was -38.33%, which is greater than GINC.L's maximum drawdown of -29.42%. Use the drawdown chart below to compare losses from any high point for UINC.L and GINC.L.

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Drawdown Indicators

UINC.LGINC.LDifference

Max Drawdown

Largest peak-to-trough decline

-38.33%

-29.42%

-8.91%

Max Drawdown (1Y)

Largest decline over 1 year

-5.10%

-5.51%

+0.41%

Max Drawdown (3Y)

Largest decline over 3 years

-23.09%

-12.34%

-10.75%

Max Drawdown (5Y)

Largest decline over 5 years

-23.09%

-12.34%

-10.75%

Max Drawdown (10Y)

Largest decline over 10 years

-38.33%

—

—

Current Drawdown

Current decline from peak

-0.88%

-0.75%

-0.13%

Average Drawdown

Average peak-to-trough decline

-8.26%

-5.97%

-2.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.81%

1.69%

+0.12%

Volatility

UINC.L vs. GINC.L - Volatility Comparison

First Trust US Equity Income UCITS ETF (UINC.L) has a higher volatility of 3.50% compared to First Trust Global Equity Income UCITS ETF (GINC.L) at 2.36%. This indicates that UINC.L's price experiences larger fluctuations and is considered to be riskier than GINC.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.LGINC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.50%

2.36%

+1.14%

Volatility (6M)

Calculated over the trailing 6-month period

9.01%

7.63%

+1.38%

Volatility (1Y)

Calculated over the trailing 1-year period

12.64%

10.25%

+2.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.74%

12.44%

+4.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.57%

15.28%

+4.29%

Dividends

UINC.L vs. GINC.L - Dividend Comparison

UINC.L's dividend yield for the trailing twelve months is around 2.82%, less than GINC.L's 3.38% yield.

PositionTTM2025202420232022202120202019201820172016
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%0.00%
UINC.L
First Trust US Equity Income UCITS ETF		2.82%3.03%2.84%3.20%3.25%2.15%3.40%3.14%3.01%2.49%1.60%

Frequently Asked Questions

UINC.L and GINC.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UINC.L tracks First Trust US Equity Income UCITS ETF, while GINC.L tracks First Trust Global Equity Income UCITS ETF.

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