UNCU.L vs. FEXU.L
UNCU.L (First Trust US Equity Income UCITS ETF Class B) and FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) are both exchange-traded funds - UNCU.L is a Dividend fund tracking the First Trust US Equity Income UCITS ETF Class B, while FEXU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, UNCU.L returned 9.86%/yr vs 10.86%/yr for FEXU.L. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
UNCU.L vs. FEXU.L - Performance Comparison
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Returns By Period
In the year-to-date period, UNCU.L achieves a 17.23% return, which is significantly higher than FEXU.L's 13.98% 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*
- —
FEXU.L
- 1D
- -0.66%
- 1M
- -2.13%
- 6M
- 10.97%
- YTD
- 13.98%
- 1Y
- 23.64%
- 3Y*
- 17.77%
- 5Y*
- 10.86%
- 10Y*
- 12.38%
UNCU.L vs. FEXU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -8.34% | 15.56% |
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF | 13.98% | 15.23% | 16.68% | 14.66% | -12.27% | 26.82% | 13.52% | 26.07% | -11.03% | 14.43% |
Correlation
The correlation between UNCU.L and FEXU.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 9, 2017 | 0.64 |
The correlation between UNCU.L and FEXU.L shifts across timeframes, from 0.53 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UNCU.L vs. FEXU.L — Risk / Return Rank
UNCU.L
FEXU.L
UNCU.L vs. FEXU.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 US Large Cap Core AlphaDEX UCITS ETF (FEXU.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 | FEXU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 4.23 | -0.76 |
| Martin ratioReturn relative to average drawdown | 9.18 | 13.80 | -4.62 |
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Drawdowns
UNCU.L vs. FEXU.L - Drawdown Comparison
The maximum UNCU.L drawdown since its inception was -45.45%, which is greater than FEXU.L's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for UNCU.L and FEXU.L.
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Drawdown Indicators
| UNCU.L | FEXU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.45% | -39.38% | -6.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -5.56% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -20.15% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -21.42% | -20.80% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.38% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.73% | +2.73% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -4.37% | -2.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.71% | +0.83% |
Volatility
UNCU.L vs. FEXU.L - Volatility Comparison
First Trust US Equity Income UCITS ETF Class B (UNCU.L) and First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) have volatilities of 3.92% and 3.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNCU.L | FEXU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.92% | 3.96% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 9.47% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.72% | 12.55% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.82% | 16.35% | +1.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.16% | 17.31% | +4.85% |
Dividends
UNCU.L vs. FEXU.L - Dividend Comparison
Neither UNCU.L nor FEXU.L has paid dividends to shareholders.
Frequently Asked Questions
UNCU.L and FEXU.L have a correlation of 0.53, 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 FEXU.L is Large Cap Blend Equities. UNCU.L tracks First Trust US Equity Income UCITS ETF Class B, while FEXU.L tracks Russell 1000 TR USD.
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