UINC.L vs. QDIV.L
UINC.L (First Trust US Equity Income UCITS ETF) and QDIV.L (iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)) are both Dividend funds - UINC.L tracks the First Trust US Equity Income UCITS ETF while QDIV.L tracks the iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist). Both are passively managed. Over the past 10 years, UINC.L returned 9.99%/yr vs 10.80%/yr for QDIV.L. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
UINC.L vs. QDIV.L - Performance Comparison
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Different Trading Currencies
UINC.L is traded in GBp, while QDIV.L is traded in USD. To make them comparable, the QDIV.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 16.69% return, which is significantly higher than QDIV.L's 13.46% return. Over the past 10 years, UINC.L has underperformed QDIV.L with an annualized return of 9.99%, while QDIV.L has yielded a comparatively higher 10.80% annualized 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%
QDIV.L
- 1D
- 0.00%
- 1M
- -1.74%
- 6M
- 11.59%
- YTD
- 13.46%
- 1Y
- 23.07%
- 3Y*
- 16.57%
- 5Y*
- 12.25%
- 10Y*
- 10.80%
UINC.L vs. QDIV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
QDIV.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 13.46% | 8.35% | 17.37% | 8.59% | 4.92% | 22.97% | -2.86% | 16.74% | 1.87% | 8.30% |
Correlation
The correlation between UINC.L and QDIV.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016 | 0.71 |
Over the past year, the correlation between UINC.L and QDIV.L has dropped to 0.42 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
UINC.L vs. QDIV.L — Risk / Return Rank
UINC.L
QDIV.L
UINC.L vs. QDIV.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 iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.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 | QDIV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.79 | 4.41 | +0.38 |
| Martin ratioReturn relative to average drawdown | 13.50 | 14.70 | -1.19 |
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Drawdowns
UINC.L vs. QDIV.L - Drawdown Comparison
The maximum UINC.L drawdown since its inception was -38.33%, which is greater than QDIV.L's maximum drawdown of -25.30%. Use the drawdown chart below to compare losses from any high point for UINC.L and QDIV.L.
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Drawdown Indicators
| UINC.L | QDIV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.33% | -25.30% | -13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -5.47% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -23.09% | -19.21% | -3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -19.21% | -3.88% |
Max Drawdown (10Y)Largest decline over 10 years | -38.33% | -25.30% | -13.03% |
Current DrawdownCurrent decline from peak | -0.88% | -2.60% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -3.65% | -4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.64% | +0.17% |
Volatility
UINC.L vs. QDIV.L - Volatility Comparison
First Trust US Equity Income UCITS ETF (UINC.L) has a higher volatility of 3.50% compared to iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.L) at 3.27%. This indicates that UINC.L's price experiences larger fluctuations and is considered to be riskier than QDIV.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 | QDIV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.27% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 9.28% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.64% | 11.67% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 14.27% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 15.46% | +4.11% |
Dividends
UINC.L vs. QDIV.L - Dividend Comparison
UINC.L's dividend yield for the trailing twelve months is around 2.82%, more than QDIV.L's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDIV.L iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) | 1.52% | 1.67% | 1.93% | 2.00% | 2.27% | 2.08% | 2.50% | 2.36% | 2.44% | 2.15% | 2.32% | 2.47% |
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% | 0.00% |
Frequently Asked Questions
UINC.L and QDIV.L have a correlation of 0.42, 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 QDIV.L tracks iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist). They also come from different issuers: First Trust and iShares.
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