AASG.L vs. LGAP.L
AASG.L (Amundi MSCI Emerging Markets Asia UCITS ETF USD) and LGAP.L (L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc)) are both Asia Pacific Equities funds - AASG.L tracks the MSCI AC Asia Ex Japan NR USD while LGAP.L tracks the Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, AASG.L returned 7.06%/yr vs 5.84%/yr for LGAP.L. A 0.66 correlation means they provide meaningful diversification when combined. AASG.L charges 0.20%/yr vs 0.10%/yr for LGAP.L.
Performance
AASG.L vs. LGAP.L - Performance Comparison
Loading charts...
Different Trading Currencies
AASG.L is traded in GBp, while LGAP.L is traded in USD. To make them comparable, the LGAP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AASG.L achieves a 18.19% return, which is significantly higher than LGAP.L's 8.82% return.
AASG.L
- 1D
- -1.95%
- 1M
- -11.19%
- 6M
- 11.74%
- YTD
- 18.19%
- 1Y
- 32.83%
- 3Y*
- 19.46%
- 5Y*
- 7.06%
- 10Y*
- 68.82%
LGAP.L
- 1D
- -0.79%
- 1M
- -2.17%
- 6M
- 5.38%
- YTD
- 8.82%
- 1Y
- 13.02%
- 3Y*
- 10.73%
- 5Y*
- 5.84%
- 10Y*
- —
AASG.L vs. LGAP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AASG.L Amundi MSCI Emerging Markets Asia UCITS ETF USD | 18.19% | 23.83% | 14.04% | 0.69% | -11.51% | -4.50% | 24.04% | 14.10% | 0.96% |
LGAP.L L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) | 8.82% | 12.35% | 6.50% | -0.42% | 5.57% | 3.84% | 5.25% | 13.30% | 0.38% |
Correlation
The correlation between AASG.L and LGAP.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.66 |
The correlation between AASG.L and LGAP.L shifts across timeframes, from 0.55 (1 year) to 0.66 (all time), reflecting how their relationship changes across market environments.
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
AASG.L vs. LGAP.L — Risk / Return Rank
AASG.L
LGAP.L
AASG.L vs. LGAP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) and L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) (LGAP.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.
| AASG.L | LGAP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.19 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 1.84 | +0.43 |
| Martin ratioReturn relative to average drawdown | 7.61 | 4.79 | +2.82 |
Loading charts...
Drawdowns
AASG.L vs. LGAP.L - Drawdown Comparison
The maximum AASG.L drawdown since its inception was -34.12%, which is greater than LGAP.L's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for AASG.L and LGAP.L.
Loading charts...
Drawdown Indicators
| AASG.L | LGAP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -32.02% | -2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -7.06% | -7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -17.57% | -6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -18.59% | -7.47% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | — | — |
Current DrawdownCurrent decline from peak | -14.41% | -2.86% | -11.55% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -5.98% | -5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.31% | 2.71% | +1.60% |
Volatility
AASG.L vs. LGAP.L - Volatility Comparison
Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) has a higher volatility of 10.05% compared to L&G Asia Pacific ex Japan Equity UCITS ETF USD (Acc) (LGAP.L) at 3.00%. This indicates that AASG.L's price experiences larger fluctuations and is considered to be riskier than LGAP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AASG.L | LGAP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.05% | 3.00% | +7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 19.54% | 10.48% | +9.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.82% | 12.70% | +9.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.93% | 15.20% | +7.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,144.70% | 17.53% | +2,127.17% |
AASG.L vs. LGAP.L - Expense Ratio Comparison
AASG.L has a 0.20% expense ratio, which is higher than LGAP.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AASG.L vs. LGAP.L - Dividend Comparison
Neither AASG.L nor LGAP.L has paid dividends to shareholders.
Frequently Asked Questions
AASG.L and LGAP.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGAP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGAP.L is cheaper with a 0.10% expense ratio, compared with 0.20% for AASG.L.
AASG.L tracks MSCI AC Asia Ex Japan NR USD, while LGAP.L tracks Solactive Core Developed Markets Pacific ex Japan Large & Mid Cap USD Index NTR. They also come from different issuers: Amundi and L&G. Their fees differ too: 0.20% for AASG.L and 0.10% for LGAP.L.
Find the right allocation for AASG.L and LGAP.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