- Issuer
- L&G
- Inception Date
- Nov 7, 2018
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- L&G Europe ex UK Equity UCITS ETF
- Distribution Policy
- Accumulating
- Asset Class
- Equity
Share Price Chart
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Performance
LGEU.L Performance Chart
L&G Europe ex UK Equity UCITS ETF (LGEU.L) is up 10.7% since the beginning of the year. LGEU.L is currently trading at €22 per share. Investors who bought €1,000 worth of LGEU.L shares 5 years ago would now be looking at an investment worth €1,586.
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Returns By Period
L&G Europe ex UK Equity UCITS ETF (LGEU.L) has returned 10.65% so far this year and 20.38% over the past 12 months.
L&G Europe ex UK Equity UCITS ETF
- 1D
- -0.63%
- 1M
- 0.36%
- 6M
- 6.63%
- YTD
- 10.65%
- 1Y
- 20.38%
- 3Y*
- 14.31%
- 5Y*
- 9.66%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
LGEU.L Monthly Returns History
Based on dividend-adjusted daily data since Nov 9, 2018, LGEU.L's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +14.1%, while the worst month was Mar 2020 at -13.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, LGEU.L closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +7.6%, while the worst single day was Mar 18, 2020 at -14.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.31% | 3.35% | -8.37% | 6.31% | 4.01% | 3.62% | -1.30% | 10.65% | |||||
| 2025 | 6.81% | 3.72% | -4.08% | -0.51% | 4.90% | -1.30% | 0.28% | 1.37% | 1.62% | 2.13% | 1.30% | 2.52% | 19.94% |
| 2024 | 1.67% | 2.78% | 3.81% | -2.37% | 4.00% | -0.99% | 0.53% | 1.76% | -0.58% | -3.59% | 0.42% | -0.66% | 6.68% |
| 2023 | 6.90% | 1.35% | 0.91% | 1.80% | -1.70% | 2.98% | 1.88% | -2.71% | -2.51% | -3.48% | 7.72% | 4.22% | 17.97% |
| 2022 | -4.88% | -4.15% | 1.10% | -1.52% | -0.74% | -8.39% | 8.27% | -5.01% | -6.30% | 6.81% | 6.93% | -2.87% | -11.77% |
| 2021 | -1.25% | 2.45% | 6.36% | 2.64% | 3.25% | 1.39% | 2.31% | 2.05% | -3.32% | 4.51% | -2.26% | 4.77% | 24.90% |
Benchmark Metrics
L&G Europe ex UK Equity UCITS ETF has an annualized alpha of 6.71%, beta of 0.37, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since November 09, 2018.
- This ETF participated in 78.71% of S&P 500 Index downside but only 75.83% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.37 may look defensive, but with R2 of 0.19 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.19 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.71%
- Beta
- 0.37
- R²
- 0.19
- Upside Capture
- 75.83%
- Downside Capture
- 78.71%
Expense Ratio
LGEU.L has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
LGEU.L ranks 56 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for L&G Europe ex UK Equity UCITS ETF (LGEU.L) and compare them to S&P 500 Index.
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.
| LGEU.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.33 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 3.01 | -0.87 |
| Martin ratioReturn relative to average drawdown | 8.15 | 11.10 | -2.96 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the L&G Europe ex UK Equity UCITS ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the L&G Europe ex UK Equity UCITS ETF was 34.27%, occurring on Mar 18, 2020. Recovery took 229 trading sessions.
The current L&G Europe ex UK Equity UCITS ETF drawdown is 2.52%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-34.27%Mar 2020 | 27d | 11mo 1d | 11mo 28dFeb 2020 - Feb 2021 | COVID crash2020 |
-22.68%Sep 2022 | 8mo 26d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 | Bear market2022 |
-16.41%Apr 2025 | 1mo 6d | 4mo 12d | 5mo 18dMar 2025 - Aug 2025 | 2025 selloff2025 |
-9.92%Mar 2026 | 22d | 2mo 2d | 2mo 24dFeb 2026 - May 2026 | — |
-9.44%Dec 2018 | 1mo 15d | 1mo 10d | 2mo 25dNov 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| LGEU.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.27% | -51.17% | +16.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -7.57% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -23.99% | +7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -22.68% | -23.99% | +1.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -2.52% | -0.52% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -8.90% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.04% | +0.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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