ACWD.L vs. LGUS.L
ACWD.L (SPDR MSCI All Country World UCITS ETF) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - ACWD.L tracks the MSCI ACWI Index while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 5 years, ACWD.L returned 11.05%/yr vs 12.82%/yr for LGUS.L. Their correlation of 0.94 suggests significant overlap in exposure. ACWD.L charges 0.12%/yr vs 0.05%/yr for LGUS.L.
Performance
ACWD.L vs. LGUS.L - Performance Comparison
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Returns By Period
In the year-to-date period, ACWD.L achieves a 11.10% return, which is significantly higher than LGUS.L's 10.34% return.
ACWD.L
- 1D
- 0.07%
- 1M
- -0.64%
- 6M
- 9.52%
- YTD
- 11.10%
- 1Y
- 23.82%
- 3Y*
- 19.08%
- 5Y*
- 11.05%
- 10Y*
- 12.42%
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
ACWD.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ACWD.L SPDR MSCI All Country World UCITS ETF | 11.10% | 22.83% | 17.76% | 22.27% | -18.37% | 18.77% | 15.91% | 25.80% | -8.53% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 21.16% | 30.91% | -9.25% |
Correlation
The correlation between ACWD.L and LGUS.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.94 |
The correlation between ACWD.L and LGUS.L has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
ACWD.L vs. LGUS.L — Risk / Return Rank
ACWD.L
LGUS.L
ACWD.L vs. LGUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI All Country World UCITS ETF (ACWD.L) and L&G US Equity UCITS ETF (LGUS.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.
| ACWD.L | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.59 | +0.12 |
| Martin ratioReturn relative to average drawdown | 10.81 | 9.99 | +0.83 |
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Drawdowns
ACWD.L vs. LGUS.L - Drawdown Comparison
The maximum ACWD.L drawdown since its inception was -33.64%, roughly equal to the maximum LGUS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for ACWD.L and LGUS.L.
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Drawdown Indicators
| ACWD.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.64% | -34.26% | +0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -8.58% | -0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -16.51% | -19.46% | +2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -25.64% | -0.54% |
Max Drawdown (10Y)Largest decline over 10 years | -33.64% | — | — |
Current DrawdownCurrent decline from peak | -1.08% | -0.49% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -5.30% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.23% | -0.03% |
Volatility
ACWD.L vs. LGUS.L - Volatility Comparison
SPDR MSCI All Country World UCITS ETF (ACWD.L) has a higher volatility of 3.28% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that ACWD.L's price experiences larger fluctuations and is considered to be riskier than LGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ACWD.L | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.86% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 9.41% | +1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 12.47% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.66% | 16.51% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 18.10% | -2.37% |
ACWD.L vs. LGUS.L - Expense Ratio Comparison
ACWD.L has a 0.12% expense ratio, which is higher than LGUS.L's 0.05% 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
ACWD.L vs. LGUS.L - Dividend Comparison
Neither ACWD.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, ACWD.L and LGUS.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.12% for ACWD.L.
ACWD.L tracks MSCI ACWI Index, while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: State Street and L&G. Their fees differ too: 0.12% for ACWD.L and 0.05% for LGUS.L.
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