BBUS.L vs. LGUS.L

Last updated Jul 18, 2026

BBUS.L (BetaBuilders US Equity UCITS USD Acc) and LGUS.L (L&G US Equity UCITS ETF USD (Acc)) are both Large Cap Blend Equities funds - BBUS.L tracks the Russell 1000 TR USD while LGUS.L tracks the Solactive Core United States Large & Mid Cap Index NTR. Both are passively managed. Over the past 5 years, BBUS.L returned 12.30%/yr vs 12.54%/yr for LGUS.L. With a 0.97 correlation, they move nearly in lockstep. BBUS.L charges 0.04%/yr vs 0.05%/yr for LGUS.L.

Performance

BBUS.L vs. LGUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BetaBuilders US Equity UCITS USD Acc (BBUS.L) and L&G US Equity UCITS ETF USD (Acc) (LGUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BBUS.L having a 8.71% return and LGUS.L slightly higher at 9.01%.

BBUS.L

• 1D: -1.14%
• 1M: -0.42%
• 6M: 7.80%
• YTD: 8.71%
• 1Y: 19.34%
• 3Y*: 19.36%
• 5Y*: 12.30%
• 10Y*: —

LGUS.L

• 1D: -1.30%
• 1M: -0.36%
• 6M: 8.07%
• YTD: 9.01%
• 1Y: 19.79%
• 3Y*: 19.73%
• 5Y*: 12.54%
• 10Y*: —

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

BBUS.L vs. LGUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBUS.L BetaBuilders US Equity UCITS USD Acc	8.71%	17.54%	24.98%	27.64%	-19.96%	27.64%	20.13%	13.31%
LGUS.L L&G US Equity UCITS ETF USD (Acc)	9.01%	17.98%	25.09%	28.66%	-20.46%	27.91%	21.16%	14.15%

Correlation

The correlation between BBUS.L and LGUS.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Apr 3, 2019	0.97

The correlation between BBUS.L and LGUS.L has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

BBUS.L vs. LGUS.L — Risk / Return Rank

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

BBUS.L

BBUS.L Risk / Return Rank: 63
BBUS.L Sharpe Ratio Rank: 62
BBUS.L Sortino Ratio Rank: 66
BBUS.L Omega Ratio Rank: 61
BBUS.L Calmar Ratio Rank: 58
BBUS.L Martin Ratio Rank: 67

LGUS.L

LGUS.L Risk / Return Rank: 65
LGUS.L Sharpe Ratio Rank: 64
LGUS.L Sortino Ratio Rank: 69
LGUS.L Omega Ratio Rank: 61
LGUS.L Calmar Ratio Rank: 62
LGUS.L Martin Ratio Rank: 67

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.

BBUS.L vs. LGUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BetaBuilders US Equity UCITS USD Acc (BBUS.L) and L&G US Equity UCITS ETF USD (Acc) (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.

	BBUS.L	LGUS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.58	+0.01
Sortino ratio: Return per unit of downside risk	2.36	2.39	-0.03
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	2.23	2.30	-0.06
Martin ratio: Return relative to average drawdown	9.06	8.84	+0.21

BBUS.L vs. LGUS.L - Sharpe Ratio Comparison

The current BBUS.L Sharpe Ratio is 1.58, which is comparable to the LGUS.L Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of BBUS.L and LGUS.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

BBUS.L vs. LGUS.L - Drawdown Comparison

The maximum BBUS.L drawdown since its inception was -34.26%, roughly equal to the maximum LGUS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for BBUS.L and LGUS.L.

Drawdown Indicators

	BBUS.L	LGUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.26%	-34.26%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-8.62%	-8.58%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-19.36%	-19.46%	+0.10%
Max Drawdown (5Y) Largest decline over 5 years	-25.33%	-25.64%	+0.31%
Current Drawdown Current decline from peak	-1.74%	-1.69%	-0.05%
Average Drawdown Average peak-to-trough decline	-5.29%	-5.29%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.23%	-0.10%

Volatility

BBUS.L vs. LGUS.L - Volatility Comparison

BetaBuilders US Equity UCITS USD Acc (BBUS.L) and L&G US Equity UCITS ETF USD (Acc) (LGUS.L) have volatilities of 3.17% and 3.15%, 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

	BBUS.L	LGUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.17%	3.15%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.46%	9.50%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.18%	12.53%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	16.52%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.72%	18.10%	-0.38%

BBUS.L vs. LGUS.L - Expense Ratio Comparison

BBUS.L has a 0.04% expense ratio, which is lower than LGUS.L's 0.05% 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

BBUS.L vs. LGUS.L - Dividend Comparison

Neither BBUS.L nor LGUS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BBUS.L and LGUS.L in my portfolio?

With a correlation of 0.98, BBUS.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.

Which ETF is better, BBUS.L or LGUS.L?

On fees, BBUS.L is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBUS.L or LGUS.L?

BBUS.L is cheaper with a 0.04% expense ratio, compared with 0.05% for LGUS.L.

What is the main difference between BBUS.L and LGUS.L?

BBUS.L tracks Russell 1000 TR USD, while LGUS.L tracks Solactive Core United States Large & Mid Cap Index NTR. They also come from different issuers: JPMorgan and L&G. Their fees differ too: 0.04% for BBUS.L and 0.05% for LGUS.L.