UINC.L vs. WQDS.L
UINC.L (First Trust US Equity Income UCITS ETF) and WQDS.L (iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist)) are both exchange-traded funds - UINC.L is a Dividend fund tracking the First Trust US Equity Income UCITS ETF, while WQDS.L is a Global Equities fund tracking the MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. Both are passively managed. Over the past 5 years, UINC.L returned 10.14%/yr vs 12.69%/yr for WQDS.L. A 0.71 correlation means they provide meaningful diversification when combined.
Performance
UINC.L vs. WQDS.L - Performance Comparison
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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 WQDS.L's 15.20% 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%
WQDS.L
- 1D
- -1.09%
- 1M
- -0.53%
- 6M
- 13.28%
- YTD
- 15.20%
- 1Y
- 28.06%
- 3Y*
- 17.31%
- 5Y*
- 12.69%
- 10Y*
- —
UINC.L vs. WQDS.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% | 9.63% |
WQDS.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 15.20% | 15.54% | 11.68% | 10.80% | 4.05% | 17.47% | -3.37% | 18.77% | -5.32% | -20.48% |
Correlation
The correlation between UINC.L and WQDS.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.71 |
Over the past year, the correlation between UINC.L and WQDS.L has dropped to 0.29 - 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. WQDS.L — Risk / Return Rank
UINC.L
WQDS.L
UINC.L vs. WQDS.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 World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.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 | WQDS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.49 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.79 | 4.14 | +0.65 |
| Martin ratioReturn relative to average drawdown | 13.50 | 15.36 | -1.86 |
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Drawdowns
UINC.L vs. WQDS.L - Drawdown Comparison
The maximum UINC.L drawdown since its inception was -38.33%, which is greater than WQDS.L's maximum drawdown of -30.62%. Use the drawdown chart below to compare losses from any high point for UINC.L and WQDS.L.
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Drawdown Indicators
| UINC.L | WQDS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.33% | -30.62% | -7.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.10% | -6.75% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -23.09% | -14.93% | -8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | -14.93% | -8.16% |
Max Drawdown (10Y)Largest decline over 10 years | -38.33% | — | — |
Current DrawdownCurrent decline from peak | -0.88% | -1.36% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -8.99% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.82% | -0.01% |
Volatility
UINC.L vs. WQDS.L - Volatility Comparison
First Trust US Equity Income UCITS ETF (UINC.L) has a higher volatility of 3.50% compared to iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.L) at 2.80%. This indicates that UINC.L's price experiences larger fluctuations and is considered to be riskier than WQDS.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 | WQDS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 2.80% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 8.17% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.64% | 10.50% | +2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 11.60% | +5.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 14.96% | +4.61% |
Dividends
UINC.L vs. WQDS.L - Dividend Comparison
UINC.L's dividend yield for the trailing twelve months is around 2.82%, more than WQDS.L's 2.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
WQDS.L iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) | 2.15% | 2.34% | 2.56% | 2.86% | 2.97% | 2.70% | 3.03% | 3.10% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UINC.L and WQDS.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UINC.L is categorized as Dividend, while WQDS.L is Global Equities. UINC.L tracks First Trust US Equity Income UCITS ETF, while WQDS.L tracks MSCI World High Dividend Yield ESG Reduced Carbon Target Select Index. They also come from different issuers: First Trust and iShares.
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