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UNCU.L vs. UIND.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UNCU.L vs. UIND.L

Last updated Jul 16, 2026
Documentation

UNCU.L (First Trust US Equity Income UCITS ETF Class B) and UIND.L (First Trust US Equity Income UCITS ETF) are both Dividend funds from First Trust - UNCU.L tracks the First Trust US Equity Income UCITS ETF Class B while UIND.L tracks the First Trust US Equity Income UCITS ETF. Both are passively managed. Over the past 5 years, UNCU.L returned 9.86%/yr vs -56.37%/yr for UIND.L. With a 0.99 correlation, they move nearly in lockstep.

Performance

UNCU.L vs. UIND.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust US Equity Income UCITS ETF Class B (UNCU.L) and First Trust US Equity Income UCITS ETF (UIND.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both investments are quite close, with UNCU.L having a 17.23% return and UIND.L slightly higher at 17.33%.

UNCU.L

1D
1.02%
1M
2.16%
6M
14.18%
YTD
17.23%
1Y
23.41%
3Y*
15.69%
5Y*
9.86%
10Y*
—

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UNCU.L vs. UIND.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
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%15.23%

Correlation

The correlation between UNCU.L and UIND.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

Correlation (3Y)
Calculated over the trailing 3-year period

0.98

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

Correlation (All Time)
Calculated using the full available price history since May 9, 2017

0.99

The correlation between UNCU.L and UIND.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

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First Trust US Equity Income UCITS ETF Class B

First Trust US Equity Income UCITS ETF

Return for Risk

UNCU.L vs. UIND.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UNCU.L
UNCU.L Risk / Return Rank: 7272
Overall Rank
UNCU.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
UNCU.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
UNCU.L Omega Ratio Rank: 6363
Omega Ratio Rank
UNCU.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
UNCU.L Martin Ratio Rank: 6565
Martin Ratio Rank
UIND.L
UIND.L Risk / Return Rank: 7878
Overall Rank
UIND.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
UIND.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
UIND.L Omega Ratio Rank: 7373
Omega Ratio Rank
UIND.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
UIND.L Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UNCU.L vs. UIND.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 Equity Income UCITS ETF (UIND.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.LUIND.LDifference
Sharpe ratioReturn per unit of total volatility
1.84
2.03

-0.20

Sortino ratioReturn per unit of downside risk
2.78
3.05

-0.27

Omega ratioGain probability vs. loss probability

1.31

1.34

-0.04

Calmar ratioReturn relative to maximum drawdown

3.48

3.69

-0.21

Martin ratioReturn relative to average drawdown

9.18

9.85

-0.67

UNCU.L vs. UIND.L - Sharpe Ratio Comparison

The current UNCU.L Sharpe Ratio is 1.84, which is comparable to the UIND.L Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of UNCU.L and UIND.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

UNCU.L vs. UIND.L - Drawdown Comparison

The maximum UNCU.L drawdown since its inception was -45.45%, smaller than the maximum UIND.L drawdown of -99.21%. Use the drawdown chart below to compare losses from any high point for UNCU.L and UIND.L.

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Drawdown Indicators

UNCU.LUIND.LDifference

Max Drawdown

Largest peak-to-trough decline

-45.45%

-99.21%

+53.76%

Max Drawdown (1Y)

Largest decline over 1 year

-6.71%

-6.83%

+0.12%

Max Drawdown (3Y)

Largest decline over 3 years

-21.42%

-21.42%

0.00%

Max Drawdown (5Y)

Largest decline over 5 years

-21.42%

-99.21%

+77.79%

Max Drawdown (10Y)

Largest decline over 10 years

—

-99.21%

—

Current Drawdown

Current decline from peak

0.00%

-98.61%

+98.61%

Average Drawdown

Average peak-to-trough decline

-6.94%

-46.02%

+39.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.54%

2.56%

-0.02%

Volatility

UNCU.L vs. UIND.L - Volatility Comparison

First Trust US Equity Income UCITS ETF Class B (UNCU.L) and First Trust US Equity Income UCITS ETF (UIND.L) have volatilities of 3.92% and 3.98%, 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.LUIND.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.92%

3.98%

-0.06%

Volatility (6M)

Calculated over the trailing 6-month period

8.80%

8.53%

+0.27%

Volatility (1Y)

Calculated over the trailing 1-year period

12.72%

12.48%

+0.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.82%

47.78%

-29.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.16%

3,136.02%

-3,113.86%

Dividends

UNCU.L vs. UIND.L - Dividend Comparison

UNCU.L has not paid dividends to shareholders, while UIND.L's dividend yield for the trailing twelve months is around 2.78%.

PositionTTM2025202420232022202120202019201820172016
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%
UNCU.L
First Trust US Equity Income UCITS ETF Class B		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

With a correlation of 0.98, UNCU.L and UIND.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.

UNCU.L tracks First Trust US Equity Income UCITS ETF Class B, while UIND.L tracks First Trust US Equity Income UCITS ETF.

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