AW1H.DE vs. LGGE.DE
AW1H.DE (UBS ETF (IE) MSCI EMU ESG Universal Low Carbon Select UCITS ETF (EUR) Acc) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - AW1H.DE tracks the MSCI EMU ESG Universal Low Carbon Select 5% Issuer Capped while LGGE.DE tracks the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Both are passively managed. Over the past 3 years, AW1H.DE returned 15.67%/yr vs 24.04%/yr for LGGE.DE. Their correlation of 0.87 suggests significant overlap in exposure. AW1H.DE charges 0.12%/yr vs 0.25%/yr for LGGE.DE.
Performance
AW1H.DE vs. LGGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1H.DE achieves a 7.82% return, which is significantly lower than LGGE.DE's 11.27% return.
AW1H.DE
- 1D
- 0.38%
- 1M
- 2.09%
- YTD
- 7.82%
- 6M
- 9.94%
- 1Y
- 17.02%
- 3Y*
- 15.67%
- 5Y*
- —
- 10Y*
- —
LGGE.DE
- 1D
- 0.15%
- 1M
- -0.22%
- YTD
- 11.27%
- 6M
- 15.32%
- 1Y
- 26.49%
- 3Y*
- 24.04%
- 5Y*
- —
- 10Y*
- —
AW1H.DE vs. LGGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1H.DE UBS ETF (IE) MSCI EMU ESG Universal Low Carbon Select UCITS ETF (EUR) Acc | 7.82% | 23.67% | 10.99% | 18.33% | -14.28% | 2.74% |
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 11.27% | 38.29% | 14.07% | 17.18% | -3.86% | 4.98% |
Correlation
The correlation between AW1H.DE and LGGE.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.87 |
The correlation between AW1H.DE and LGGE.DE has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
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Return for Risk
AW1H.DE vs. LGGE.DE — Risk / Return Rank
AW1H.DE
LGGE.DE
AW1H.DE vs. LGGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI EMU ESG Universal Low Carbon Select UCITS ETF (EUR) Acc (AW1H.DE) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE). 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.
| AW1H.DE | LGGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 3.61 | -2.01 |
| Martin ratioReturn relative to average drawdown | 5.86 | 13.07 | -7.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AW1H.DE | LGGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.19 | -1.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.13 | -0.57 |
Drawdowns
AW1H.DE vs. LGGE.DE - Drawdown Comparison
The maximum AW1H.DE drawdown since its inception was -26.23%, which is greater than LGGE.DE's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for AW1H.DE and LGGE.DE.
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Drawdown Indicators
| AW1H.DE | LGGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.23% | -20.11% | -6.12% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -7.28% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.54% | -14.71% | -0.83% |
Current DrawdownCurrent decline from peak | -0.81% | -2.09% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -3.23% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 2.01% | +0.97% |
Volatility
AW1H.DE vs. LGGE.DE - Volatility Comparison
UBS ETF (IE) MSCI EMU ESG Universal Low Carbon Select UCITS ETF (EUR) Acc (AW1H.DE) has a higher volatility of 4.49% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) at 3.60%. This indicates that AW1H.DE's price experiences larger fluctuations and is considered to be riskier than LGGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW1H.DE | LGGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 3.60% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 9.47% | +2.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 11.99% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.76% | 14.60% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 14.60% | +2.16% |
AW1H.DE vs. LGGE.DE - Expense Ratio Comparison
AW1H.DE has a 0.12% expense ratio, which is lower than LGGE.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AW1H.DE vs. LGGE.DE - Dividend Comparison
AW1H.DE has not paid dividends to shareholders, while LGGE.DE's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AW1H.DE UBS ETF (IE) MSCI EMU ESG Universal Low Carbon Select UCITS ETF (EUR) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.13% | 3.47% | 4.37% | 4.43% | 4.18% | 1.52% |
Frequently Asked Questions
AW1H.DE and LGGE.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW1H.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1H.DE is cheaper with a 0.12% expense ratio, compared with 0.25% for LGGE.DE.
AW1H.DE tracks MSCI EMU ESG Universal Low Carbon Select 5% Issuer Capped, while LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. They also come from different issuers: UBS and Legal & General. Their fees differ too: 0.12% for AW1H.DE and 0.25% for LGGE.DE.
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