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UIND.L vs. QDIV.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UIND.L vs. QDIV.L

Last updated Jul 16, 2026
Documentation

UIND.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 - UIND.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, UIND.L returned 10.02%/yr vs 11.00%/yr for QDIV.L. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

UIND.L vs. QDIV.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 iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UIND.L achieves a 17.33% return, which is significantly higher than QDIV.L's 13.61% return. Over the past 10 years, UIND.L has underperformed QDIV.L with an annualized return of 10.02%, while QDIV.L has yielded a comparatively higher 11.00% 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%

QDIV.L

1D
-0.27%
1M
-1.14%
6M
11.96%
YTD
13.61%
1Y
24.05%
3Y*
17.79%
5Y*
11.80%
10Y*
11.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
QDIV.L
iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)		13.61%16.66%15.35%14.30%-6.23%21.82%0.08%21.36%-3.83%18.55%

Correlation

The correlation between UIND.L and QDIV.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

0.67

Correlation (5Y)
Calculated over the trailing 5-year period

0.73

Correlation (10Y)
Calculated over the trailing 10-year period

0.62

Correlation (All Time)
Calculated using the full available price history since Apr 14, 2016

0.62

The correlation between UIND.L and QDIV.L shifts across timeframes, from 0.54 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

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First Trust US Equity Income UCITS ETF

iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist)

Return for Risk

UIND.L vs. QDIV.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: 7878
Overall Rank
UIND.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
UIND.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
UIND.L Omega Ratio Rank: 7373
Omega Ratio Rank
UIND.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
UIND.L Martin Ratio Rank: 6868
Martin Ratio Rank
QDIV.L
QDIV.L Risk / Return Rank: 8383
Overall Rank
QDIV.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
QDIV.L Sortino Ratio Rank: 9191
Sortino Ratio Rank
QDIV.L Omega Ratio Rank: 8484
Omega Ratio Rank
QDIV.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
QDIV.L Martin Ratio Rank: 8080
Martin Ratio Rank
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. QDIV.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 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.

UIND.LQDIV.LDifference
Sharpe ratioReturn per unit of total volatility
2.03
2.21

-0.18

Sortino ratioReturn per unit of downside risk
3.05
3.48

-0.43

Omega ratioGain probability vs. loss probability

1.34

1.40

-0.06

Calmar ratioReturn relative to maximum drawdown

3.69

3.10

+0.58

Martin ratioReturn relative to average drawdown

9.85

12.18

-2.32

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

The current UIND.L Sharpe Ratio is 2.03, which is comparable to the QDIV.L Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of UIND.L and QDIV.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.

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Drawdowns

UIND.L vs. QDIV.L - Drawdown Comparison

The maximum UIND.L drawdown since its inception was -99.21%, which is greater than QDIV.L's maximum drawdown of -33.39%. Use the drawdown chart below to compare losses from any high point for UIND.L and QDIV.L.

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Drawdown Indicators

UIND.LQDIV.LDifference

Max Drawdown

Largest peak-to-trough decline

-99.21%

-33.39%

-65.82%

Max Drawdown (1Y)

Largest decline over 1 year

-6.83%

-7.99%

+1.16%

Max Drawdown (3Y)

Largest decline over 3 years

-21.42%

-17.36%

-4.06%

Max Drawdown (5Y)

Largest decline over 5 years

-99.21%

-17.36%

-81.85%

Max Drawdown (10Y)

Largest decline over 10 years

-99.21%

-33.39%

-65.82%

Current Drawdown

Current decline from peak

-98.61%

-1.72%

-96.89%

Average Drawdown

Average peak-to-trough decline

-46.02%

-3.36%

-42.66%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

2.04%

+0.52%

Volatility

UIND.L vs. QDIV.L - Volatility Comparison

First Trust US Equity Income UCITS ETF (UIND.L) has a higher volatility of 3.98% compared to iShares MSCI USA Quality Dividend Advanced UCITS ETF USD (Dist) (QDIV.L) at 2.94%. This indicates that UIND.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

UIND.LQDIV.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.98%

2.94%

+1.04%

Volatility (6M)

Calculated over the trailing 6-month period

8.53%

8.95%

-0.42%

Volatility (1Y)

Calculated over the trailing 1-year period

12.48%

11.24%

+1.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

47.78%

14.45%

+33.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

3,136.02%

15.08%

+3,120.94%

Dividends

UIND.L vs. QDIV.L - Dividend Comparison

UIND.L's dividend yield for the trailing twelve months is around 2.78%, more than QDIV.L's 1.52% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
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%0.00%

Frequently Asked Questions

UIND.L and QDIV.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.

UIND.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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