AW1Z.DE vs. LGGE.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned 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 5 years, AW1Z.DE returned 7.97%/yr vs 17.05%/yr for LGGE.DE. Their correlation of 0.84 suggests significant overlap in exposure. AW1Z.DE charges 0.14%/yr vs 0.25%/yr for LGGE.DE.
Performance
AW1Z.DE vs. LGGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1Z.DE achieves a 9.37% return, which is significantly lower than LGGE.DE's 14.94% return.
AW1Z.DE
- 1D
- 0.00%
- 1M
- -1.84%
- 6M
- 5.98%
- YTD
- 9.37%
- 1Y
- 14.54%
- 3Y*
- 11.80%
- 5Y*
- 7.97%
- 10Y*
- —
LGGE.DE
- 1D
- 0.00%
- 1M
- 1.25%
- 6M
- 11.71%
- YTD
- 14.94%
- 1Y
- 29.10%
- 3Y*
- 25.02%
- 5Y*
- 17.05%
- 10Y*
- —
AW1Z.DE vs. LGGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1Z.DE UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc | 9.37% | 16.28% | 6.31% | 17.64% | -13.87% | 5.78% |
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 14.94% | 38.29% | 14.07% | 17.18% | -3.86% | 6.81% |
Correlation
The correlation between AW1Z.DE and LGGE.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.84 |
The correlation between AW1Z.DE and LGGE.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
AW1Z.DE vs. LGGE.DE — Risk / Return Rank
AW1Z.DE
LGGE.DE
AW1Z.DE vs. LGGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.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.
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.
| AW1Z.DE | LGGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.44 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 4.04 | -2.71 |
| Martin ratioReturn relative to average drawdown | 4.77 | 14.67 | -9.90 |
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Drawdowns
AW1Z.DE vs. LGGE.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, 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 AW1Z.DE and LGGE.DE.
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Drawdown Indicators
| AW1Z.DE | LGGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -20.11% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -7.28% | -3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -14.71% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -20.11% | -4.59% |
Current DrawdownCurrent decline from peak | -2.16% | -0.19% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -3.17% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.00% | +1.00% |
Volatility
AW1Z.DE vs. LGGE.DE - Volatility Comparison
UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) has a higher volatility of 3.86% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) at 2.74%. This indicates that AW1Z.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
| AW1Z.DE | LGGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 2.74% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 9.89% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 12.19% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 14.52% | +1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 14.51% | +1.54% |
AW1Z.DE vs. LGGE.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% 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
AW1Z.DE vs. LGGE.DE - Dividend Comparison
AW1Z.DE has not paid dividends to shareholders, while LGGE.DE's dividend yield for the trailing twelve months is around 3.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AW1Z.DE UBS ETF (IE) MSCI EMU Climate Paris Aligned 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 | 3.51% | 3.47% | 4.37% | 4.43% | 4.18% | 1.52% |
Frequently Asked Questions
AW1Z.DE and LGGE.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW1Z.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1Z.DE is cheaper with a 0.14% expense ratio, compared with 0.25% for LGGE.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, 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: 0.14% for AW1Z.DE and 0.25% for LGGE.DE.
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