ACWI.L vs. LGGL.L

Last updated Jun 25, 2026

ACWI.L (SPDR MSCI ACWI UCITS ETF) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - ACWI.L tracks the MSCI ACWI Index while LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, ACWI.L returned -58.26%/yr vs 12.58%/yr for LGGL.L. A 0.75 correlation means they provide meaningful diversification when combined. ACWI.L charges 0.40%/yr vs 0.10%/yr for LGGL.L.

Performance

ACWI.L vs. LGGL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR MSCI ACWI UCITS ETF (ACWI.L) and L&G Global Equity UCITS ETF (LGGL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ACWI.L is traded in GBP, while LGGL.L is traded in USD. To make them comparable, the LGGL.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, ACWI.L achieves a 12.20% return, which is significantly higher than LGGL.L's 10.48% return.

ACWI.L

• 1D: 0.58%
• 1M: 1.90%
• YTD: 12.20%
• 6M: 12.50%
• 1Y: 29.41%
• 3Y*: 18.83%
• 5Y*: -58.26%
• 10Y*: -30.66%

LGGL.L

• 1D: 0.52%
• 1M: 1.25%
• YTD: 10.48%
• 6M: 10.53%
• 1Y: 26.61%
• 3Y*: 18.47%
• 5Y*: 12.58%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWI.L vs. LGGL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ACWI.L SPDR MSCI ACWI UCITS ETF	12.20%	14.32%	19.66%	15.59%	-8.59%	-99.12%	15.70%	26.48%	-8.58%
LGGL.L L&G Global Equity UCITS ETF	10.48%	12.55%	21.28%	18.77%	-8.29%	23.09%	12.93%	22.15%	-6.16%

Correlation

The correlation between ACWI.L and LGGL.L is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.75

The correlation between ACWI.L and LGGL.L shifts across timeframes, from 0.75 (all time) to 0.89 (3 years), reflecting how their relationship changes across market environments.

ACWI.L vs. LGGL.L - Sectors Allocation Comparison

Sectors	ACWI.L	LGGL.L
Technology	33.5%	31.5%
Financial Services	15.7%	15.2%
Industrials	10.2%	10.5%
Consumer Cyclical	8.8%	9.4%
Communication Services	8.8%	9.2%
Healthcare	7.6%	8.6%
Consumer Defensive	4.5%	4.9%
Energy	3.6%	3.6%
Basic Materials	3.3%	3.2%
Utilities	2.5%	2.3%
Real Estate	1.6%	1.7%

Return for Risk

ACWI.L vs. LGGL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACWI.L

ACWI.L Risk / Return Rank: 88
ACWI.L Sharpe Ratio Rank: 90
ACWI.L Sortino Ratio Rank: 90
ACWI.L Omega Ratio Rank: 90
ACWI.L Calmar Ratio Rank: 84
ACWI.L Martin Ratio Rank: 86

LGGL.L

LGGL.L Risk / Return Rank: 67
LGGL.L Sharpe Ratio Rank: 66
LGGL.L Sortino Ratio Rank: 72
LGGL.L Omega Ratio Rank: 66
LGGL.L Calmar Ratio Rank: 63
LGGL.L Martin Ratio Rank: 70

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACWI.L vs. LGGL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (ACWI.L) and L&G Global Equity UCITS ETF (LGGL.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.

	ACWI.L	LGGL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.70	2.22	+0.48
Sortino ratio: Return per unit of downside risk	3.72	3.13	+0.59
Omega ratio: Gain probability vs. loss probability	1.51	1.41	+0.10
Calmar ratio: Return relative to maximum drawdown	4.15	4.02	+0.14
Martin ratio: Return relative to average drawdown	16.41	14.72	+1.69

ACWI.L vs. LGGL.L - Sharpe Ratio Comparison

The current ACWI.L Sharpe Ratio is 2.70, which is comparable to the LGGL.L Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of ACWI.L and LGGL.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ACWI.L vs. LGGL.L - Drawdown Comparison

The maximum ACWI.L drawdown since its inception was -99.37%, which is greater than LGGL.L's maximum drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for ACWI.L and LGGL.L.

Drawdown Indicators

	ACWI.L	LGGL.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.37%	-25.97%	-73.40%
Max Drawdown (1Y) Largest decline over 1 year	-7.05%	-6.59%	-0.46%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	-19.24%	-0.83%
Max Drawdown (5Y) Largest decline over 5 years	-99.37%	-19.24%	-80.13%
Max Drawdown (10Y) Largest decline over 10 years	-99.37%	—	—
Current Drawdown Current decline from peak	-98.80%	-0.83%	-97.97%
Average Drawdown Average peak-to-trough decline	-32.37%	-3.27%	-29.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	1.80%	-0.01%

Volatility

ACWI.L vs. LGGL.L - Volatility Comparison

SPDR MSCI ACWI UCITS ETF (ACWI.L) and L&G Global Equity UCITS ETF (LGGL.L) have volatilities of 3.63% and 3.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACWI.L	LGGL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	3.81%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	8.30%	9.40%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	10.86%	11.96%	-1.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.30%	14.51%	+33.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.80%	16.26%	+19.54%

ACWI.L vs. LGGL.L - Expense Ratio Comparison

ACWI.L has a 0.40% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.

Dividends

ACWI.L vs. LGGL.L - Dividend Comparison

Neither ACWI.L nor LGGL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ACWI.L and LGGL.L in my portfolio?

ACWI.L and LGGL.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACWI.L or LGGL.L?

On fees, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACWI.L or LGGL.L?

LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.40% for ACWI.L.

What is the main difference between ACWI.L and LGGL.L?

ACWI.L tracks MSCI ACWI Index, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. They also come from different issuers: State Street and L&G. Their fees differ too: 0.40% for ACWI.L and 0.10% for LGGL.L.