AVGS.L vs. LGGL.L
AVGS.L (Avantis Global Small Cap Value UCITS ETF USD Acc) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds. AVGS.L is actively managed, while LGGL.L is passively managed. Over the past year, AVGS.L returned 37.10% vs 24.94% for LGGL.L. A 0.74 correlation means they provide meaningful diversification when combined. AVGS.L charges 0.39%/yr vs 0.10%/yr for LGGL.L.
Performance
AVGS.L vs. LGGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, AVGS.L achieves a 18.60% return, which is significantly higher than LGGL.L's 9.95% return.
AVGS.L
- 1D
- -0.35%
- 1M
- 3.43%
- YTD
- 18.60%
- 6M
- 18.74%
- 1Y
- 37.10%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LGGL.L
- 1D
- -0.15%
- 1M
- 2.55%
- YTD
- 9.95%
- 6M
- 11.66%
- 1Y
- 24.94%
- 3Y*
- 19.64%
- 5Y*
- 12.01%
- 10Y*
- —
AVGS.L vs. LGGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AVGS.L Avantis Global Small Cap Value UCITS ETF USD Acc | 18.60% | 20.19% | -0.40% |
LGGL.L L&G Global Equity UCITS ETF | 9.95% | 21.18% | 0.29% |
Correlation
The correlation between AVGS.L and LGGL.L is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2024 | 0.74 |
The correlation between AVGS.L and LGGL.L has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.
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Return for Risk
AVGS.L vs. LGGL.L — Risk / Return Rank
AVGS.L
LGGL.L
AVGS.L vs. LGGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Global Small Cap Value UCITS ETF USD Acc (AVGS.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.
| AVGS.L | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | 2.95 | +1.57 |
| Martin ratioReturn relative to average drawdown | 15.85 | 12.36 | +3.49 |
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Drawdowns
AVGS.L vs. LGGL.L - Drawdown Comparison
The maximum AVGS.L drawdown since its inception was -20.23%, smaller than the maximum LGGL.L drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for AVGS.L and LGGL.L.
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Drawdown Indicators
| AVGS.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.23% | -33.89% | +13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -8.39% | -8.42% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.76% | — |
Current DrawdownCurrent decline from peak | -1.15% | -0.40% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -2.91% | -4.95% | +2.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 2.01% | +0.38% |
Volatility
AVGS.L vs. LGGL.L - Volatility Comparison
Avantis Global Small Cap Value UCITS ETF USD Acc (AVGS.L) has a higher volatility of 4.29% compared to L&G Global Equity UCITS ETF (LGGL.L) at 3.89%. This indicates that AVGS.L's price experiences larger fluctuations and is considered to be riskier than LGGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGS.L | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 3.89% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.61% | 9.70% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.77% | 12.28% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 15.66% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.99% | 17.17% | -0.18% |
AVGS.L vs. LGGL.L - Expense Ratio Comparison
AVGS.L has a 0.39% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.
Dividends
AVGS.L vs. LGGL.L - Dividend Comparison
Neither AVGS.L nor LGGL.L has paid dividends to shareholders.
Frequently Asked Questions
AVGS.L and LGGL.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.39% for AVGS.L.
They also come from different issuers: Avantis and L&G. Their fees differ too: 0.39% for AVGS.L and 0.10% for LGGL.L.
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