WINC.L vs. GINC.L
WINC.L (iShares World Equity High Income Active UCITS ETF USD Inc) and GINC.L (First Trust Global Equity Income UCITS ETF) are both Dividend funds. WINC.L is actively managed, while GINC.L is passively managed. Over the past year, WINC.L returned 22.30% vs 28.66% for GINC.L. At a 0.47 correlation, their price movements are largely independent.
Performance
WINC.L vs. GINC.L - Performance Comparison
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Different Trading Currencies
WINC.L is traded in GBP, while GINC.L is traded in GBp. To make them comparable, the GINC.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, WINC.L achieves a 10.93% return, which is significantly lower than GINC.L's 12.60% return.
WINC.L
- 1D
- 0.55%
- 1M
- 0.55%
- 6M
- 9.36%
- YTD
- 10.93%
- 1Y
- 22.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GINC.L
- 1D
- -0.20%
- 1M
- 0.57%
- 6M
- 10.26%
- YTD
- 12.60%
- 1Y
- 28.66%
- 3Y*
- 19.76%
- 5Y*
- 12.70%
- 10Y*
- —
WINC.L vs. GINC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WINC.L iShares World Equity High Income Active UCITS ETF USD Inc | 10.93% | 11.87% | 9.73% |
GINC.L First Trust Global Equity Income UCITS ETF | 12.60% | 30.32% | 2.13% |
Correlation
The correlation between WINC.L and GINC.L is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2024 | 0.47 |
The correlation between WINC.L and GINC.L has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.
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Return for Risk
WINC.L vs. GINC.L — Risk / Return Rank
WINC.L
GINC.L
WINC.L vs. GINC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares World Equity High Income Active UCITS ETF USD Inc (WINC.L) and First Trust Global Equity Income UCITS ETF (GINC.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.
| WINC.L | GINC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.50 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 5.26 | -0.95 |
| Martin ratioReturn relative to average drawdown | 16.01 | 17.20 | -1.19 |
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Drawdowns
WINC.L vs. GINC.L - Drawdown Comparison
The maximum WINC.L drawdown since its inception was -16.51%, smaller than the maximum GINC.L drawdown of -29.42%. Use the drawdown chart below to compare losses from any high point for WINC.L and GINC.L.
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Drawdown Indicators
| WINC.L | GINC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.51% | -29.42% | +12.91% |
Max Drawdown (1Y)Largest decline over 1 year | -5.36% | -5.51% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.34% | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.75% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -5.97% | +3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.69% | -0.24% |
Volatility
WINC.L vs. GINC.L - Volatility Comparison
iShares World Equity High Income Active UCITS ETF USD Inc (WINC.L) has a higher volatility of 3.06% compared to First Trust Global Equity Income UCITS ETF (GINC.L) at 2.36%. This indicates that WINC.L's price experiences larger fluctuations and is considered to be riskier than GINC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WINC.L | GINC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.36% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.17% | 7.63% | -0.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 10.25% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.57% | 12.44% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.57% | 15.28% | -3.71% |
Dividends
WINC.L vs. GINC.L - Dividend Comparison
WINC.L's dividend yield for the trailing twelve months is around 12.81%, more than GINC.L's 3.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GINC.L First Trust Global Equity Income UCITS ETF | 3.38% | 3.67% | 4.33% | 5.62% | 5.35% | 3.84% | 3.47% | 3.95% | 3.66% | 3.20% |
WINC.L iShares World Equity High Income Active UCITS ETF USD Inc | 12.81% | 9.75% | 4.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WINC.L and GINC.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
They also come from different issuers: iShares and First Trust.
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