UIND.L vs. FEXU.L

Last updated Jul 16, 2026

UIND.L (First Trust US Equity Income UCITS ETF) and FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) are both exchange-traded funds - UIND.L is a Dividend fund tracking the First Trust US Equity Income UCITS ETF, while FEXU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, UIND.L returned 10.02%/yr vs 12.38%/yr for FEXU.L. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

UIND.L vs. FEXU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust US Equity Income UCITS ETF (UIND.L) and First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIND.L achieves a 17.33% return, which is significantly higher than FEXU.L's 13.98% return. Over the past 10 years, UIND.L has underperformed FEXU.L with an annualized return of 10.02%, while FEXU.L has yielded a comparatively higher 12.38% annualized return.

UIND.L

• 1D: -0.05%
• 1M: 2.08%
• 6M: 14.18%
• YTD: 17.33%
• 1Y: 23.34%
• 3Y*: 15.67%
• 5Y*: -56.37%
• 10Y*: 10.02%

FEXU.L

• 1D: -0.66%
• 1M: -2.13%
• 6M: 10.97%
• YTD: 13.98%
• 1Y: 23.64%
• 3Y*: 17.77%
• 5Y*: 10.86%
• 10Y*: 12.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UIND.L vs. FEXU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UIND.L First Trust US Equity Income UCITS ETF	17.33%	7.36%	6.74%	17.10%	-99.07%	12,946.70%	1.16%	17.39%	-8.36%	15.10%
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF	13.98%	15.23%	16.68%	14.66%	-12.27%	26.82%	13.52%	26.07%	-11.03%	21.55%

Correlation

The correlation between UIND.L and FEXU.L is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016	0.64

The correlation between UIND.L and FEXU.L shifts across timeframes, from 0.54 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

UIND.L vs. FEXU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UIND.L

UIND.L Risk / Return Rank: 78
UIND.L Sharpe Ratio Rank: 80
UIND.L Sortino Ratio Rank: 84
UIND.L Omega Ratio Rank: 73
UIND.L Calmar Ratio Rank: 84
UIND.L Martin Ratio Rank: 68

FEXU.L

FEXU.L Risk / Return Rank: 79
FEXU.L Sharpe Ratio Rank: 73
FEXU.L Sortino Ratio Rank: 79
FEXU.L Omega Ratio Rank: 68
FEXU.L Calmar Ratio Rank: 89
FEXU.L Martin Ratio Rank: 85

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.

UIND.L vs. FEXU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Income UCITS ETF (UIND.L) and First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.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.

	UIND.L	FEXU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.88	+0.16
Sortino ratio: Return per unit of downside risk	3.05	2.82	+0.23
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.02
Calmar ratio: Return relative to maximum drawdown	3.69	4.23	-0.54
Martin ratio: Return relative to average drawdown	9.85	13.80	-3.95

UIND.L vs. FEXU.L - Sharpe Ratio Comparison

The current UIND.L Sharpe Ratio is 2.03, which is comparable to the FEXU.L Sharpe Ratio of 1.88. The chart below compares the historical Sharpe Ratios of UIND.L and FEXU.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.

Drawdowns

UIND.L vs. FEXU.L - Drawdown Comparison

The maximum UIND.L drawdown since its inception was -99.21%, which is greater than FEXU.L's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for UIND.L and FEXU.L.

Drawdown Indicators

	UIND.L	FEXU.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.21%	-39.38%	-59.83%
Max Drawdown (1Y) Largest decline over 1 year	-6.83%	-5.56%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	-21.42%	-20.15%	-1.27%
Max Drawdown (5Y) Largest decline over 5 years	-99.21%	-20.80%	-78.41%
Max Drawdown (10Y) Largest decline over 10 years	-99.21%	-39.38%	-59.83%
Current Drawdown Current decline from peak	-98.61%	-2.73%	-95.88%
Average Drawdown Average peak-to-trough decline	-46.02%	-4.37%	-41.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	1.71%	+0.85%

Volatility

UIND.L vs. FEXU.L - Volatility Comparison

First Trust US Equity Income UCITS ETF (UIND.L) and First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) have volatilities of 3.98% and 3.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIND.L	FEXU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	3.96%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	8.53%	9.47%	-0.94%
Volatility (1Y) Calculated over the trailing 1-year period	12.48%	12.55%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.78%	16.35%	+31.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,136.02%	17.31%	+3,118.71%

Dividends

UIND.L vs. FEXU.L - Dividend Comparison

UIND.L's dividend yield for the trailing twelve months is around 2.78%, while FEXU.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UIND.L First Trust US Equity Income UCITS ETF	2.78%	3.00%	2.90%	3.14%	3.27%	0.02%	3.14%	3.04%	3.14%	2.42%	1.69%

Frequently Asked Questions

Can I hold both UIND.L and FEXU.L in my portfolio?

UIND.L and FEXU.L have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between UIND.L and FEXU.L?

UIND.L is categorized as Dividend, while FEXU.L is Large Cap Blend Equities. UIND.L tracks First Trust US Equity Income UCITS ETF, while FEXU.L tracks Russell 1000 TR USD.