DH2O.L vs. LGGL.L
DH2O.L (iShares Global Water UCITS ETF USD (Dist)) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - DH2O.L tracks the S&P Global Water Index (NET) (USD) while LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, DH2O.L returned 5.15%/yr vs 11.57%/yr for LGGL.L. A 0.77 correlation means they provide meaningful diversification when combined. DH2O.L charges 0.65%/yr vs 0.10%/yr for LGGL.L.
Performance
DH2O.L vs. LGGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, DH2O.L achieves a 4.37% return, which is significantly lower than LGGL.L's 9.10% return.
DH2O.L
- 1D
- 0.08%
- 1M
- 4.00%
- 6M
- 1.18%
- YTD
- 4.37%
- 1Y
- 7.63%
- 3Y*
- 9.31%
- 5Y*
- 5.15%
- 10Y*
- 9.79%
LGGL.L
- 1D
- -1.06%
- 1M
- -0.66%
- 6M
- 7.46%
- YTD
- 9.10%
- 1Y
- 20.45%
- 3Y*
- 18.55%
- 5Y*
- 11.57%
- 10Y*
- —
DH2O.L vs. LGGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DH2O.L iShares Global Water UCITS ETF USD (Dist) | 4.37% | 17.60% | 4.29% | 13.57% | -20.83% | 30.67% | 15.22% | 33.60% | -5.25% |
LGGL.L L&G Global Equity UCITS ETF | 9.10% | 21.18% | 19.20% | 25.02% | -18.03% | 21.94% | 16.35% | 26.98% | -7.73% |
Correlation
The correlation between DH2O.L and LGGL.L is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.77 |
Over the past year, the correlation between DH2O.L and LGGL.L has dropped to 0.54 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
DH2O.L vs. LGGL.L — Risk / Return Rank
DH2O.L
LGGL.L
DH2O.L vs. LGGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water UCITS ETF USD (Dist) (DH2O.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.
| DH2O.L | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.30 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 2.42 | -1.70 |
| Martin ratioReturn relative to average drawdown | 1.66 | 9.97 | -8.30 |
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Drawdowns
DH2O.L vs. LGGL.L - Drawdown Comparison
The maximum DH2O.L drawdown since its inception was -56.90%, which is greater than LGGL.L's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for DH2O.L and LGGL.L.
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Drawdown Indicators
| DH2O.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -33.89% | -23.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -8.42% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.08% | -17.79% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -32.43% | -25.76% | -6.67% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | — | — |
Current DrawdownCurrent decline from peak | -3.63% | -1.17% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -4.91% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 2.05% | +2.53% |
Volatility
DH2O.L vs. LGGL.L - Volatility Comparison
iShares Global Water UCITS ETF USD (Dist) (DH2O.L) has a higher volatility of 4.28% compared to L&G Global Equity UCITS ETF (LGGL.L) at 3.00%. This indicates that DH2O.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
| DH2O.L | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 3.00% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 9.89% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.64% | 12.31% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 15.65% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 17.10% | -0.62% |
DH2O.L vs. LGGL.L - Expense Ratio Comparison
DH2O.L has a 0.65% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.
Dividends
DH2O.L vs. LGGL.L - Dividend Comparison
DH2O.L's dividend yield for the trailing twelve months is around 1.34%, while LGGL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DH2O.L iShares Global Water UCITS ETF USD (Dist) | 1.34% | 1.33% | 1.06% | 1.18% | 1.09% | 1.66% | 0.94% | 1.39% | 1.80% | 1.46% | 1.76% | 1.65% |
LGGL.L L&G Global Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DH2O.L and LGGL.L have a correlation of 0.54, 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 0.65% for DH2O.L.
DH2O.L tracks S&P Global Water Index (NET) (USD), while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. They also come from different issuers: iShares and L&G. Their fees differ too: 0.65% for DH2O.L and 0.10% for LGGL.L.
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