UIND.L vs. FPX.L
UIND.L (First Trust US Equity Income UCITS ETF) and FPX.L (First Trust US IPO Index UCITS ETF) are both exchange-traded funds - UIND.L is a Dividend fund tracking the First Trust US Equity Income UCITS ETF, while FPX.L is a Large Cap Growth Equities fund tracking the Russell 1000 Growth TR USD. Both are passively managed. Over the past 10 years, UIND.L returned 10.02%/yr vs 13.88%/yr for FPX.L. At a 0.36 correlation, their price movements are largely independent.
Performance
UIND.L vs. FPX.L - Performance Comparison
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Different Trading Currencies
UIND.L is traded in USD, while FPX.L is traded in GBp. To make them comparable, the FPX.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, UIND.L achieves a 17.33% return, which is significantly higher than FPX.L's 13.48% return. Over the past 10 years, UIND.L has underperformed FPX.L with an annualized return of 10.02%, while FPX.L has yielded a comparatively higher 13.88% 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%
FPX.L
- 1D
- -2.28%
- 1M
- -5.07%
- 6M
- 12.36%
- YTD
- 13.48%
- 1Y
- 29.47%
- 3Y*
- 26.81%
- 5Y*
- 9.32%
- 10Y*
- 13.88%
UIND.L vs. FPX.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% |
FPX.L First Trust US IPO Index UCITS ETF | 13.48% | 36.52% | 25.53% | 22.87% | -35.89% | 3.03% | 48.23% | 31.01% | -9.83% | 26.27% |
Correlation
The correlation between UIND.L and FPX.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016 | 0.36 |
Over the past year, the correlation between UIND.L and FPX.L has dropped to 0.02 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
UIND.L vs. FPX.L — Risk / Return Rank
UIND.L
FPX.L
UIND.L vs. FPX.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 IPO Index UCITS ETF (FPX.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 | FPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 2.29 | +1.40 |
| Martin ratioReturn relative to average drawdown | 9.85 | 7.87 | +1.98 |
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Drawdowns
UIND.L vs. FPX.L - Drawdown Comparison
The maximum UIND.L drawdown since its inception was -99.21%, which is greater than FPX.L's maximum drawdown of -50.47%. Use the drawdown chart below to compare losses from any high point for UIND.L and FPX.L.
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Drawdown Indicators
| UIND.L | FPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.21% | -50.47% | -48.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.83% | -12.83% | +6.00% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -31.66% | +10.24% |
Max Drawdown (5Y)Largest decline over 5 years | -99.21% | -43.42% | -55.79% |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | -43.89% | -55.32% |
Current DrawdownCurrent decline from peak | -98.61% | -8.02% | -90.59% |
Average DrawdownAverage peak-to-trough decline | -46.02% | -20.84% | -25.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.73% | -1.17% |
Volatility
UIND.L vs. FPX.L - Volatility Comparison
The current volatility for First Trust US Equity Income UCITS ETF (UIND.L) is 3.98%, while First Trust US IPO Index UCITS ETF (FPX.L) has a volatility of 8.89%. This indicates that UIND.L experiences smaller price fluctuations and is considered to be less risky than FPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UIND.L | FPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 8.89% | -4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 17.68% | -9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 25.00% | -12.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.78% | 26.00% | +21.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,136.02% | 23.36% | +3,112.66% |
Dividends
UIND.L vs. FPX.L - Dividend Comparison
UIND.L's dividend yield for the trailing twelve months is around 2.78%, while FPX.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FPX.L First Trust US IPO Index 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
UIND.L and FPX.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UIND.L is categorized as Dividend, while FPX.L is Large Cap Growth Equities. UIND.L tracks First Trust US Equity Income UCITS ETF, while FPX.L tracks Russell 1000 Growth TR USD.
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