5HED.L vs. LGUG.L
5HED.L (Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD)) and LGUG.L (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds. 5HED.L is actively managed, while LGUG.L is passively managed. Over the past 5 years, 5HED.L returned 2.73%/yr vs 12.93%/yr for LGUG.L. A 0.68 correlation means they provide meaningful diversification when combined. 5HED.L charges 0.75%/yr vs 0.05%/yr for LGUG.L.
Performance
5HED.L vs. LGUG.L - Performance Comparison
Loading charts...
Different Trading Currencies
5HED.L is traded in USD, while LGUG.L is traded in GBp. To make them comparable, the LGUG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 5HED.L achieves a 2.40% return, which is significantly lower than LGUG.L's 10.73% return.
5HED.L
- 1D
- 0.61%
- 1M
- 1.51%
- 6M
- 0.20%
- YTD
- 2.40%
- 1Y
- 8.32%
- 3Y*
- 4.25%
- 5Y*
- 2.73%
- 10Y*
- —
LGUG.L
- 1D
- 0.78%
- 1M
- 0.65%
- 6M
- 10.93%
- YTD
- 10.73%
- 1Y
- 22.22%
- 3Y*
- 20.61%
- 5Y*
- 12.93%
- 10Y*
- —
5HED.L vs. LGUG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
5HED.L Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) | 2.40% | 4.27% | 3.80% | 15.96% | -16.20% | 22.01% | 24.02% | 28.11% | -10.98% |
LGUG.L L&G US Equity UCITS ETF | 10.73% | 18.03% | 25.32% | 27.94% | -20.49% | 28.34% | 20.70% | 31.90% | -30.31% |
Correlation
The correlation between 5HED.L and LGUG.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.68 |
Over the past year, the correlation between 5HED.L and LGUG.L has dropped to 0.40 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
5HED.L vs. LGUG.L — Risk / Return Rank
5HED.L
LGUG.L
5HED.L vs. LGUG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.L) and L&G US Equity UCITS ETF (LGUG.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.
| 5HED.L | LGUG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.33 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.46 | -1.54 |
| Martin ratioReturn relative to average drawdown | 2.31 | 9.94 | -7.63 |
Loading charts...
Drawdowns
5HED.L vs. LGUG.L - Drawdown Comparison
The maximum 5HED.L drawdown since its inception was -32.84%, smaller than the maximum LGUG.L drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for 5HED.L and LGUG.L.
Loading charts...
Drawdown Indicators
| 5HED.L | LGUG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.84% | -35.83% | +2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.95% | -8.98% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -18.06% | -19.60% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -26.46% | +4.29% |
Current DrawdownCurrent decline from peak | -2.94% | -0.14% | -2.80% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -8.67% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 2.23% | +1.36% |
Volatility
5HED.L vs. LGUG.L - Volatility Comparison
Ossiam ESG Low Carbon Shiller Barclays CAPE® US Sector UCITS ETF 1A (USD) (5HED.L) has a higher volatility of 4.43% compared to L&G US Equity UCITS ETF (LGUG.L) at 3.22%. This indicates that 5HED.L's price experiences larger fluctuations and is considered to be riskier than LGUG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| 5HED.L | LGUG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 3.22% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.48% | 8.89% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 11.82% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 21.26% | -5.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.26% | 22.54% | -4.28% |
5HED.L vs. LGUG.L - Expense Ratio Comparison
5HED.L has a 0.75% expense ratio, which is higher than LGUG.L's 0.05% expense ratio.
Dividends
5HED.L vs. LGUG.L - Dividend Comparison
Neither 5HED.L nor LGUG.L has paid dividends to shareholders.
Frequently Asked Questions
5HED.L and LGUG.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUG.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUG.L is cheaper with a 0.05% expense ratio, compared with 0.75% for 5HED.L.
They also come from different issuers: Ossiam and Legal & General. Their fees differ too: 0.75% for 5HED.L and 0.05% for LGUG.L.
Find the right allocation for 5HED.L and LGUG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer