UIND.L vs. SDIP.L

Last updated Jul 17, 2026

UIND.L (First Trust US Equity Income UCITS ETF USD (Dist)) and SDIP.L (Global X SuperDividend UCITS ETF USD Distributing) are both Dividend funds - UIND.L tracks the Nasdaq US High Equity Income NTR Index while SDIP.L tracks the Solactive Global SuperDividend Index. Both are passively managed. Over the past 3 years, UIND.L returned 16.47%/yr vs 13.20%/yr for SDIP.L. A 0.56 correlation means they provide meaningful diversification when combined. UIND.L charges 0.55%/yr vs 0.45%/yr for SDIP.L.

Performance

UIND.L vs. SDIP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust US Equity Income UCITS ETF USD (Dist) (UIND.L) and Global X SuperDividend UCITS ETF USD Distributing (SDIP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

UIND.L is traded in USD, while SDIP.L is traded in GBP. To make them comparable, the SDIP.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 19.78% return, which is significantly higher than SDIP.L's 8.78% return.

UIND.L

• 1D: 2.04%
• 1M: 4.82%
• 6M: 15.76%
• YTD: 19.78%
• 1Y: 27.90%
• 3Y*: 16.47%
• 5Y*: -56.19%
• 10Y*: 10.25%

SDIP.L

• 1D: 0.34%
• 1M: 1.78%
• 6M: 3.79%
• YTD: 8.78%
• 1Y: 18.31%
• 3Y*: 13.20%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
UIND.L First Trust US Equity Income UCITS ETF USD (Dist)	19.78%	7.36%	6.74%	17.10%	-7.58%
SDIP.L Global X SuperDividend UCITS ETF USD Distributing	8.78%	27.58%	-0.07%	5.68%	-26.39%

Correlation

The correlation between UIND.L and SDIP.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (All Time) Calculated using the full available price history since Feb 17, 2022	0.56

The correlation between UIND.L and SDIP.L has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

Return for Risk

UIND.L vs. SDIP.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: 83
UIND.L Sharpe Ratio Rank: 85
UIND.L Sortino Ratio Rank: 89
UIND.L Omega Ratio Rank: 79
UIND.L Calmar Ratio Rank: 88
UIND.L Martin Ratio Rank: 75

SDIP.L

SDIP.L Risk / Return Rank: 74
SDIP.L Sharpe Ratio Rank: 75
SDIP.L Sortino Ratio Rank: 75
SDIP.L Omega Ratio Rank: 74
SDIP.L Calmar Ratio Rank: 79
SDIP.L Martin Ratio Rank: 68

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. SDIP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Income UCITS ETF USD (Dist) (UIND.L) and Global X SuperDividend UCITS ETF USD Distributing (SDIP.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	SDIP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.66	+0.55
Sortino ratio: Return per unit of downside risk	3.32	2.34	+0.99
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.08
Calmar ratio: Return relative to maximum drawdown	4.07	2.83	+1.24
Martin ratio: Return relative to average drawdown	10.87	6.94	+3.93

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

The current UIND.L Sharpe Ratio is 2.22, which is higher than the SDIP.L Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of UIND.L and SDIP.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. SDIP.L - Drawdown Comparison

The maximum UIND.L drawdown since its inception was -99.21%, which is greater than SDIP.L's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for UIND.L and SDIP.L.

Drawdown Indicators

	UIND.L	SDIP.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.21%	-34.50%	-64.71%
Max Drawdown (1Y) Largest decline over 1 year	-6.83%	-6.44%	-0.39%
Max Drawdown (3Y) Largest decline over 3 years	-21.42%	-19.21%	-2.21%
Max Drawdown (5Y) Largest decline over 5 years	-99.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.21%	—	—
Current Drawdown Current decline from peak	-98.58%	-2.79%	-95.79%
Average Drawdown Average peak-to-trough decline	-46.02%	-18.06%	-27.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.63%	-0.07%

Volatility

UIND.L vs. SDIP.L - Volatility Comparison

First Trust US Equity Income UCITS ETF USD (Dist) (UIND.L) has a higher volatility of 4.38% compared to Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) at 2.46%. This indicates that UIND.L's price experiences larger fluctuations and is considered to be riskier than SDIP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIND.L	SDIP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	2.46%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	8.11%	+0.63%
Volatility (1Y) Calculated over the trailing 1-year period	12.63%	10.98%	+1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.79%	17.99%	+29.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,136.02%	17.99%	+3,118.03%

UIND.L vs. SDIP.L - Expense Ratio Comparison

UIND.L has a 0.55% expense ratio, which is higher than SDIP.L's 0.45% expense ratio.

Dividends

UIND.L vs. SDIP.L - Dividend Comparison

UIND.L's dividend yield for the trailing twelve months is around 2.72%, less than SDIP.L's 9.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SDIP.L Global X SuperDividend UCITS ETF USD Distributing	9.29%	9.39%	11.34%	12.51%	8.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UIND.L First Trust US Equity Income UCITS ETF USD (Dist)	2.72%	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 SDIP.L in my portfolio?

UIND.L and SDIP.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UIND.L or SDIP.L?

On fees, SDIP.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UIND.L or SDIP.L?

SDIP.L is cheaper with a 0.45% expense ratio, compared with 0.55% for UIND.L.

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

UIND.L tracks Nasdaq US High Equity Income NTR Index, while SDIP.L tracks Solactive Global SuperDividend Index. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.55% for UIND.L and 0.45% for SDIP.L.