UNCU.L vs. IUKD.L
UNCU.L (First Trust US Equity Income UCITS ETF USD (Acc)) and IUKD.L (iShares UK Dividend UCITS ETF) are both Dividend funds - UNCU.L tracks the Nasdaq US High Equity Income NTR Index while IUKD.L tracks the FTSE UK Dividend+ Index. Both are passively managed. Over the past 5 years, UNCU.L returned 10.32%/yr vs 12.76%/yr for IUKD.L. A 0.51 correlation means they provide meaningful diversification when combined. UNCU.L charges 0.55%/yr vs 0.40%/yr for IUKD.L.
Performance
UNCU.L vs. IUKD.L - Performance Comparison
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Different Trading Currencies
UNCU.L is traded in USD, while IUKD.L is traded in GBp. To make them comparable, the IUKD.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 19.69% return, which is significantly higher than IUKD.L's 13.32% return.
UNCU.L
- 1D
- 0.06%
- 1M
- 5.64%
- 6M
- 16.43%
- YTD
- 19.69%
- 1Y
- 26.45%
- 3Y*
- 15.54%
- 5Y*
- 10.32%
- 10Y*
- —
IUKD.L
- 1D
- 0.63%
- 1M
- 5.15%
- 6M
- 11.13%
- YTD
- 13.32%
- 1Y
- 29.27%
- 3Y*
- 23.69%
- 5Y*
- 12.76%
- 10Y*
- 7.60%
UNCU.L vs. IUKD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNCU.L First Trust US Equity Income UCITS ETF USD (Acc) | 19.69% | 7.54% | 6.63% | 17.16% | -6.91% | 32.03% | 1.33% | 17.33% | -8.34% | 15.56% |
IUKD.L iShares UK Dividend UCITS ETF | 13.32% | 42.09% | 10.40% | 11.39% | -11.98% | 22.31% | -15.41% | 23.62% | -18.97% | 4.37% |
Correlation
The correlation between UNCU.L and IUKD.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 9, 2017 | 0.51 |
The correlation between UNCU.L and IUKD.L shifts across timeframes, from 0.44 (1 year) to 0.55 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UNCU.L vs. IUKD.L — Risk / Return Rank
UNCU.L
IUKD.L
UNCU.L vs. IUKD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Equity Income UCITS ETF USD (Acc) (UNCU.L) and iShares UK Dividend UCITS ETF (IUKD.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 | IUKD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.38 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 2.65 | +1.28 |
| Martin ratioReturn relative to average drawdown | 10.37 | 8.61 | +1.77 |
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Drawdowns
UNCU.L vs. IUKD.L - Drawdown Comparison
The maximum UNCU.L drawdown since its inception was -45.45%, smaller than the maximum IUKD.L drawdown of -71.98%. Use the drawdown chart below to compare losses from any high point for UNCU.L and IUKD.L.
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Drawdown Indicators
| UNCU.L | IUKD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.45% | -71.98% | +26.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.71% | -10.99% | +4.28% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -12.78% | -8.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.42% | -34.46% | +13.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.58% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.93% | -26.69% | +19.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 3.39% | -0.85% |
Volatility
UNCU.L vs. IUKD.L - Volatility Comparison
First Trust US Equity Income UCITS ETF USD (Acc) (UNCU.L) has a higher volatility of 3.90% compared to iShares UK Dividend UCITS ETF (IUKD.L) at 3.02%. This indicates that UNCU.L's price experiences larger fluctuations and is considered to be riskier than IUKD.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 | IUKD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 3.02% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 8.96% | 11.51% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.76% | 13.95% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.83% | 17.75% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.16% | 20.21% | +1.95% |
UNCU.L vs. IUKD.L - Expense Ratio Comparison
UNCU.L has a 0.55% expense ratio, which is higher than IUKD.L's 0.40% expense ratio.
Dividends
UNCU.L vs. IUKD.L - Dividend Comparison
UNCU.L has not paid dividends to shareholders, while IUKD.L's dividend yield for the trailing twelve months is around 4.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUKD.L iShares UK Dividend UCITS ETF | 4.62% | 4.85% | 5.78% | 5.34% | 6.39% | 5.68% | 4.11% | 5.70% | 6.86% | 5.19% | 4.87% | 5.67% |
UNCU.L First Trust US Equity Income UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UNCU.L and IUKD.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUKD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUKD.L is cheaper with a 0.40% expense ratio, compared with 0.55% for UNCU.L.
UNCU.L tracks Nasdaq US High Equity Income NTR Index, while IUKD.L tracks FTSE UK Dividend+ Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.55% for UNCU.L and 0.40% for IUKD.L.
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