I agree except for the reason of trader's equity, if you are thinking in terms of trader's risk.
ULI is working with almost 4 times more risk than ICX, because he's working with higher var
As investors, we'd be working with the same risk of the trader if we invest (10% var without leverage) with the equity equivalent shown, with ULI we need 11.445,74 euros, and with ICX 2.960,70 usd
I have voted ICX as more investable attending to fundamental factors.
But thinking, in the time to buy, and watching last performance of the return chart, perhaps today ULI is a good moment to buy not to sell, because it seems that nothing has changed (mantaining a DD of 13%). With ICX I am not so sure because it seems that has lost the trend, it has got a DD higher of almost 25%, and it has to show a change in the fall to try to buy., maybe I would need a new high