L&G ESG USD Corporate Bond UCITS ETF (USAB.DE)
USAB.DE is a passive ETF by Legal & General tracking the investment results of the J.P. Morgan GCI ESG Investment Grade USD Custom Maturity. USAB.DE launched on Jan 15, 2021 and has a 0.09% expense ratio.
ETF Info
| ISIN | IE00BLRPRD67 |
|---|---|
| WKN | A2QFQ4 |
| Issuer | Legal & General |
| Inception Date | Jan 15, 2021 |
| Category | Corporate Bonds |
| Leveraged | 1x |
| Index Tracked | J.P. Morgan GCI ESG Investment Grade USD Custom Maturity |
| Domicile | Ireland |
| Distribution Policy | Distributing |
| Asset Class | Bond |
Expense Ratio
USAB.DE has an expense ratio of 0.09%, which is considered low compared to other funds.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of €10,000 in L&G ESG USD Corporate Bond UCITS ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
L&G ESG USD Corporate Bond UCITS ETF had a return of 1.34% year-to-date (YTD) and 4.12% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.34% | 17.79% |
| 1 month | 1.84% | 0.18% |
| 6 months | 2.46% | 7.53% |
| 1 year | 4.12% | 26.42% |
| 5 years (annualized) | N/A | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
Monthly Returns
The table below presents the monthly returns of USAB.DE, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.09% | -0.71% | 1.05% | -1.03% | 0.17% | 2.18% | -1.45% | -0.22% | 1.34% | ||||
| 2023 | 0.19% | -0.25% | 0.05% | -0.83% | 2.21% | -1.86% | -2.45% | 1.14% | 0.37% | -1.20% | 1.74% | 2.40% | 1.37% |
| 2022 | -2.60% | -1.90% | -1.25% | 0.54% | -1.06% | -0.21% | 4.69% | -1.40% | -1.82% | -2.22% | -0.42% | -3.15% | -10.48% |
| 2021 | 0.11% | -2.01% | 2.64% | -1.86% | -1.16% | 4.79% | 0.21% | 0.21% | 0.74% | 0.50% | 2.50% | -0.78% | 5.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of USAB.DE is 20, indicating that it is in the bottom 20% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for L&G ESG USD Corporate Bond UCITS ETF (USAB.DE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the L&G ESG USD Corporate Bond 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 ESG USD Corporate Bond UCITS ETF was 15.30%, occurring on Jul 20, 2023. The portfolio has not yet recovered.
The current L&G ESG USD Corporate Bond UCITS ETF drawdown is 9.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.3% | Dec 8, 2021 | 414 | Jul 20, 2023 | — | — | — |
| -4.04% | Feb 5, 2021 | 71 | May 18, 2021 | 21 | Jun 17, 2021 | 92 |
| -1.9% | Aug 23, 2021 | 12 | Sep 7, 2021 | 10 | Sep 21, 2021 | 22 |
| -1.55% | Oct 7, 2021 | 11 | Oct 21, 2021 | 6 | Oct 29, 2021 | 17 |
| -1.15% | Jun 21, 2021 | 5 | Jun 25, 2021 | 3 | Jun 30, 2021 | 8 |
Volatility
Volatility Chart
The current L&G ESG USD Corporate Bond UCITS ETF volatility is 1.59%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.