UIND.L vs. TDIV.L
UIND.L (First Trust US Equity Income UCITS ETF USD (Dist)) and TDIV.L (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist)) are both exchange-traded funds - UIND.L is a Dividend fund tracking the Nasdaq US High Equity Income NTR Index, while TDIV.L is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, UIND.L returned 10.32%/yr vs 13.83%/yr for TDIV.L. A 0.63 correlation means they provide meaningful diversification when combined. UIND.L charges 0.55%/yr vs 0.38%/yr for TDIV.L.
Performance
UIND.L vs. TDIV.L - Performance Comparison
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Returns By Period
In the year-to-date period, UIND.L achieves a 20.01% return, which is significantly higher than TDIV.L's 11.84% return. Over the past 10 years, UIND.L has underperformed TDIV.L with an annualized return of 10.32%, while TDIV.L has yielded a comparatively higher 13.83% annualized return.
UIND.L
- 1D
- 0.19%
- 1M
- 5.67%
- 6M
- 16.56%
- YTD
- 20.01%
- 1Y
- 26.73%
- 3Y*
- 15.60%
- 5Y*
- -56.17%
- 10Y*
- 10.32%
TDIV.L
- 1D
- 0.32%
- 1M
- 2.15%
- 6M
- 10.53%
- YTD
- 11.84%
- 1Y
- 29.81%
- 3Y*
- 22.34%
- 5Y*
- 17.81%
- 10Y*
- 13.83%
UIND.L vs. TDIV.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UIND.L First Trust US Equity Income UCITS ETF USD (Dist) | 20.01% | 7.36% | 6.74% | 17.10% | -99.07% | 12,946.70% | 1.16% | 17.39% | -8.36% | 15.10% |
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 11.84% | 40.41% | 8.93% | 15.44% | 9.29% | 18.14% | -2.30% | 37.03% | -6.76% | 3.94% |
Correlation
The correlation between UIND.L and TDIV.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 | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.63 |
The correlation between UIND.L and TDIV.L shifts across timeframes, from 0.54 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UIND.L vs. TDIV.L — Risk / Return Rank
UIND.L
TDIV.L
UIND.L vs. TDIV.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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.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 | TDIV.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.48 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 5.64 | -1.74 |
| Martin ratioReturn relative to average drawdown | 10.42 | 15.83 | -5.41 |
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Drawdowns
UIND.L vs. TDIV.L - Drawdown Comparison
The maximum UIND.L drawdown since its inception was -99.21%, which is greater than TDIV.L's maximum drawdown of -37.94%. Use the drawdown chart below to compare losses from any high point for UIND.L and TDIV.L.
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Drawdown Indicators
| UIND.L | TDIV.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.21% | -37.94% | -61.27% |
Max Drawdown (1Y)Largest decline over 1 year | -6.83% | -5.27% | -1.56% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -13.89% | -7.53% |
Max Drawdown (5Y)Largest decline over 5 years | -99.21% | -18.52% | -80.69% |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | -37.94% | -61.27% |
Current DrawdownCurrent decline from peak | -98.58% | 0.00% | -98.58% |
Average DrawdownAverage peak-to-trough decline | -46.04% | -3.99% | -42.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.88% | +0.68% |
Volatility
UIND.L vs. TDIV.L - Volatility Comparison
First Trust US Equity Income UCITS ETF USD (Dist) (UIND.L) has a higher volatility of 4.00% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) (TDIV.L) at 2.90%. This indicates that UIND.L's price experiences larger fluctuations and is considered to be riskier than TDIV.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 | TDIV.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 2.90% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.72% | 8.56% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 11.22% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.77% | 14.56% | +33.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,136.02% | 16.20% | +3,119.82% |
UIND.L vs. TDIV.L - Expense Ratio Comparison
UIND.L has a 0.55% expense ratio, which is higher than TDIV.L's 0.38% expense ratio.
Dividends
UIND.L vs. TDIV.L - Dividend Comparison
UIND.L's dividend yield for the trailing twelve months is around 2.71%, less than TDIV.L's 3.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV.L VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF USD (Dist) | 3.10% | 3.49% | 4.36% | 4.82% | 4.49% | 4.14% | 3.88% | 4.37% | 5.77% | 4.50% | 0.00% |
UIND.L First Trust US Equity Income UCITS ETF USD (Dist) | 2.71% | 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 TDIV.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.
On fees, TDIV.L is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TDIV.L is cheaper with a 0.38% expense ratio, compared with 0.55% for UIND.L.
UIND.L is categorized as Dividend, while TDIV.L is Global Equities. UIND.L tracks Nasdaq US High Equity Income NTR Index, while TDIV.L tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: First Trust and VanEck. Their fees differ too: 0.55% for UIND.L and 0.38% for TDIV.L.
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