UNCU.L vs. FDN.L
UNCU.L (First Trust US Equity Income UCITS ETF Class B) and FDN.L (First Trust Dow Jones Internet UCITS ETF Class A USD) are both exchange-traded funds - UNCU.L is a Dividend fund tracking the First Trust US Equity Income UCITS ETF Class B, while FDN.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, UNCU.L returned 9.86%/yr vs 2.92%/yr for FDN.L. At a 0.32 correlation, their price movements are largely independent.
Performance
UNCU.L vs. FDN.L - Performance Comparison
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Different Trading Currencies
UNCU.L is traded in USD, while FDN.L is traded in GBp. To make them comparable, the FDN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, UNCU.L achieves a 17.23% return, which is significantly higher than FDN.L's 2.55% return.
UNCU.L
- 1D
- 1.02%
- 1M
- 2.16%
- 6M
- 14.18%
- YTD
- 17.23%
- 1Y
- 23.41%
- 3Y*
- 15.69%
- 5Y*
- 9.86%
- 10Y*
- —
FDN.L
- 1D
- 0.90%
- 1M
- 2.39%
- 6M
- 5.03%
- YTD
- 2.55%
- 1Y
- 4.22%
- 3Y*
- 17.40%
- 5Y*
- 2.92%
- 10Y*
- —
UNCU.L vs. FDN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UNCU.L First Trust US Equity Income UCITS ETF Class B | 17.23% | 7.54% | 6.63% | 17.16% | -6.91% | 32.03% | 1.33% | 17.33% | -9.50% |
FDN.L First Trust Dow Jones Internet UCITS ETF Class A USD | 2.55% | 10.07% | 30.44% | 53.64% | -46.66% | 7.41% | 53.44% | -6.63% | -22.06% |
Correlation
The correlation between UNCU.L and FDN.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018 | 0.32 |
The correlation between UNCU.L and FDN.L shifts across timeframes, from 0.15 (1 year) to 0.36 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UNCU.L vs. FDN.L — Risk / Return Rank
UNCU.L
FDN.L
UNCU.L vs. FDN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Income UCITS ETF Class B (UNCU.L) and First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.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.
| UNCU.L | FDN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.05 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 0.20 | +3.27 |
| Martin ratioReturn relative to average drawdown | 9.18 | 0.48 | +8.70 |
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Drawdowns
UNCU.L vs. FDN.L - Drawdown Comparison
The maximum UNCU.L drawdown since its inception was -45.45%, smaller than the maximum FDN.L drawdown of -53.81%. Use the drawdown chart below to compare losses from any high point for UNCU.L and FDN.L.
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Drawdown Indicators
| UNCU.L | FDN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.45% | -53.81% | +8.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -20.84% | +14.13% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -26.01% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.42% | -53.81% | +32.39% |
Current DrawdownCurrent decline from peak | 0.00% | -3.96% | +3.96% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -19.82% | +12.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 8.72% | -6.18% |
Volatility
UNCU.L vs. FDN.L - Volatility Comparison
The current volatility for First Trust US Equity Income UCITS ETF Class B (UNCU.L) is 3.92%, while First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.L) has a volatility of 7.69%. This indicates that UNCU.L experiences smaller price fluctuations and is considered to be less risky than FDN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNCU.L | FDN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 7.69% | -3.77% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 16.56% | -7.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 20.30% | -7.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.82% | 28.97% | -11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.16% | 28.94% | -6.78% |
Dividends
UNCU.L vs. FDN.L - Dividend Comparison
Neither UNCU.L nor FDN.L has paid dividends to shareholders.
Frequently Asked Questions
UNCU.L and FDN.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNCU.L is categorized as Dividend, while FDN.L is Technology Equities. UNCU.L tracks First Trust US Equity Income UCITS ETF Class B, while FDN.L tracks MSCI World/Information Tech NR USD.
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