UINC.L vs. IUKD.L
UINC.L (First Trust US Equity Income UCITS ETF USD (Dist)) and IUKD.L (iShares UK Dividend UCITS ETF) are both Dividend funds - UINC.L tracks the Nasdaq US High Equity Income NTR Index while IUKD.L tracks the FTSE UK Dividend+ Index. Both are passively managed. Over the past 10 years, UINC.L returned 10.20%/yr vs 7.33%/yr for IUKD.L. A 0.50 correlation means they provide meaningful diversification when combined. UINC.L charges 0.55%/yr vs 0.40%/yr for IUKD.L.
Performance
UINC.L vs. IUKD.L - Performance Comparison
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Returns By Period
In the year-to-date period, UINC.L achieves a 20.06% return, which is significantly higher than IUKD.L's 13.38% return. Over the past 10 years, UINC.L has outperformed IUKD.L with an annualized return of 10.20%, while IUKD.L has yielded a comparatively lower 7.33% annualized return.
UINC.L
- 1D
- 0.38%
- 1M
- 5.22%
- 6M
- 16.03%
- YTD
- 20.06%
- 1Y
- 25.86%
- 3Y*
- 14.48%
- 5Y*
- 10.77%
- 10Y*
- 10.20%
IUKD.L
- 1D
- 0.85%
- 1M
- 3.90%
- 6M
- 10.53%
- YTD
- 13.38%
- 1Y
- 28.95%
- 3Y*
- 22.41%
- 5Y*
- 13.27%
- 10Y*
- 7.33%
UINC.L vs. IUKD.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) | 20.06% | 0.01% | 8.49% | 10.78% | 4.24% | 34.94% | -2.77% | 12.59% | -3.41% | 5.05% |
IUKD.L iShares UK Dividend UCITS ETF | 13.38% | 32.12% | 12.27% | 5.81% | -1.44% | 23.43% | -17.92% | 18.86% | -14.11% | 6.92% |
Correlation
The correlation between UINC.L and IUKD.L is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016 | 0.50 |
The correlation between UINC.L and IUKD.L shifts across timeframes, from 0.33 (1 year) to 0.51 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
UINC.L vs. IUKD.L — Risk / Return Rank
UINC.L
IUKD.L
UINC.L vs. IUKD.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 iShares UK Dividend UCITS ETF (IUKD.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 | IUKD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.47 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | 2.91 | +2.15 |
| Martin ratioReturn relative to average drawdown | 14.26 | 10.26 | +4.00 |
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Drawdowns
UINC.L vs. IUKD.L - Drawdown Comparison
The maximum UINC.L drawdown since its inception was -38.33%, smaller than the maximum IUKD.L drawdown of -61.97%. Use the drawdown chart below to compare losses from any high point for UINC.L and IUKD.L.
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Drawdown Indicators
| UINC.L | IUKD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.33% | -61.97% | +23.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -9.92% | +4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -23.09% | -10.52% | -12.57% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -19.93% | -3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -38.33% | -44.34% | +6.01% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.25% | -15.49% | +7.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.82% | -1.01% |
Volatility
UINC.L vs. IUKD.L - Volatility Comparison
First Trust US Equity Income UCITS ETF USD (Dist) (UINC.L) has a higher volatility of 3.93% compared to iShares UK Dividend UCITS ETF (IUKD.L) at 2.80%. This indicates that UINC.L's price experiences larger fluctuations and is considered to be riskier than IUKD.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 | IUKD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 2.80% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 9.59% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.65% | 11.42% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 13.79% | +2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 16.79% | +2.79% |
UINC.L vs. IUKD.L - Expense Ratio Comparison
UINC.L has a 0.55% expense ratio, which is higher than IUKD.L's 0.40% expense ratio.
Dividends
UINC.L vs. IUKD.L - Dividend Comparison
UINC.L's dividend yield for the trailing twelve months is around 2.74%, less than IUKD.L's 4.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUKD.L iShares UK Dividend UCITS ETF | 4.62% | 4.85% | 5.78% | 5.34% | 6.39% | 5.68% | 4.11% | 5.70% | 6.86% | 5.19% | 4.87% | 5.67% |
UINC.L First Trust US Equity Income UCITS ETF USD (Dist) | 2.74% | 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 IUKD.L have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUKD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUKD.L is cheaper with a 0.40% expense ratio, compared with 0.55% for UINC.L.
UINC.L tracks Nasdaq US High Equity Income NTR Index, while IUKD.L tracks FTSE UK Dividend+ Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.55% for UINC.L and 0.40% for IUKD.L.
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