UIND.L vs. UINC.L
UIND.L (First Trust US Equity Income UCITS ETF) and UINC.L (First Trust US Equity Income UCITS ETF) are both Dividend funds from First Trust tracking the First Trust US Equity Income UCITS ETF. Both are passively managed. Over the past 10 years, UIND.L returned 10.02%/yr vs 10.27%/yr for UINC.L. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
UIND.L vs. UINC.L - Performance Comparison
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Different Trading Currencies
UIND.L is traded in USD, while UINC.L is traded in GBp. To make them comparable, the UINC.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with UIND.L having a 17.33% return and UINC.L slightly higher at 17.86%. Both investments have delivered pretty close results over the past 10 years, with UIND.L having a 10.02% annualized return and UINC.L not far ahead at 10.27%.
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%
UINC.L
- 1D
- 0.00%
- 1M
- 2.67%
- 6M
- 14.67%
- YTD
- 17.86%
- 1Y
- 24.20%
- 3Y*
- 15.83%
- 5Y*
- 9.87%
- 10Y*
- 10.27%
UIND.L vs. UINC.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% |
UINC.L First Trust US Equity Income UCITS ETF | 17.86% | 7.56% | 6.68% | 16.63% | -6.91% | 33.71% | 0.21% | 17.10% | -8.88% | 15.05% |
Correlation
The correlation between UIND.L and UINC.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2016 | 0.79 |
The correlation between UIND.L and UINC.L shifts across timeframes, from 0.79 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
UIND.L vs. UINC.L — Risk / Return Rank
UIND.L
UINC.L
UIND.L vs. UINC.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 Equity Income UCITS ETF (UINC.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 | UINC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.69 | 0.00 |
| Martin ratioReturn relative to average drawdown | 9.85 | 10.25 | -0.40 |
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Drawdowns
UIND.L vs. UINC.L - Drawdown Comparison
The maximum UIND.L drawdown since its inception was -99.21%, which is greater than UINC.L's maximum drawdown of -45.64%. Use the drawdown chart below to compare losses from any high point for UIND.L and UINC.L.
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Drawdown Indicators
| UIND.L | UINC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.21% | -45.64% | -53.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.83% | -7.04% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -21.58% | +0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -99.21% | -21.58% | -77.63% |
Max Drawdown (10Y)Largest decline over 10 years | -99.21% | -45.00% | -54.21% |
Current DrawdownCurrent decline from peak | -98.61% | 0.00% | -98.61% |
Average DrawdownAverage peak-to-trough decline | -46.02% | -10.56% | -35.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.54% | +0.02% |
Volatility
UIND.L vs. UINC.L - Volatility Comparison
First Trust US Equity Income UCITS ETF (UIND.L) has a higher volatility of 3.98% compared to First Trust US Equity Income UCITS ETF (UINC.L) at 3.18%. This indicates that UIND.L's price experiences larger fluctuations and is considered to be riskier than UINC.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 | UINC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 3.18% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 8.85% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.48% | 12.74% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.78% | 17.95% | +29.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,136.02% | 20.46% | +3,115.56% |
Dividends
UIND.L vs. UINC.L - Dividend Comparison
UIND.L's dividend yield for the trailing twelve months is around 2.78%, less than UINC.L's 2.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
UINC.L First Trust US Equity Income UCITS ETF | 2.82% | 3.03% | 2.84% | 3.20% | 3.25% | 2.15% | 3.40% | 3.14% | 3.01% | 2.49% | 1.60% |
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
With a correlation of 0.92, UIND.L and UINC.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs track First Trust US Equity Income UCITS ETF.
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