E903.DE vs. LGGE.DE
E903.DE (Amundi DivDAX II UCITS ETF Dist) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - E903.DE tracks the DivDAX® 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, E903.DE returned 9.49%/yr vs 24.04%/yr for LGGE.DE. Their correlation of 0.83 suggests significant overlap in exposure. Both charge a 0.25% expense ratio.
Performance
E903.DE vs. LGGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, E903.DE achieves a 1.54% return, which is significantly lower than LGGE.DE's 11.27% return.
E903.DE
- 1D
- -0.69%
- 1M
- -2.94%
- YTD
- 1.54%
- 6M
- 3.05%
- 1Y
- 8.07%
- 3Y*
- 9.49%
- 5Y*
- 5.65%
- 10Y*
- 7.64%
LGGE.DE
- 1D
- 0.15%
- 1M
- -0.22%
- YTD
- 11.27%
- 6M
- 15.32%
- 1Y
- 26.49%
- 3Y*
- 24.04%
- 5Y*
- —
- 10Y*
- —
E903.DE vs. LGGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 1.54% | 21.96% | 4.36% | 17.02% | -10.82% | -0.72% |
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 11.27% | 38.29% | 14.07% | 17.18% | -3.86% | 7.23% |
Correlation
The correlation between E903.DE and LGGE.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.83 |
The correlation between E903.DE and LGGE.DE shifts across timeframes, from 0.71 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
E903.DE vs. LGGE.DE — Risk / Return Rank
E903.DE
LGGE.DE
E903.DE vs. LGGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi DivDAX II UCITS ETF Dist (E903.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.
| E903.DE | LGGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 3.61 | -2.77 |
| Martin ratioReturn relative to average drawdown | 2.33 | 13.07 | -10.74 |
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
| E903.DE | LGGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 2.19 | -1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.13 | -0.78 |
Drawdowns
E903.DE vs. LGGE.DE - Drawdown Comparison
The maximum E903.DE drawdown since its inception was -41.56%, 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 E903.DE and LGGE.DE.
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Drawdown Indicators
| E903.DE | LGGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.56% | -20.11% | -21.45% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -7.28% | -2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.78% | -14.71% | -1.07% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.56% | — | — |
Current DrawdownCurrent decline from peak | -5.02% | -2.09% | -2.93% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -3.23% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 2.01% | +1.54% |
Volatility
E903.DE vs. LGGE.DE - Volatility Comparison
Amundi DivDAX II UCITS ETF Dist (E903.DE) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) have volatilities of 3.68% and 3.60%, 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.
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Volatility by Period
| E903.DE | LGGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.68% | 3.60% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 9.47% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.37% | 11.99% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 14.60% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 14.60% | +4.08% |
E903.DE vs. LGGE.DE - Expense Ratio Comparison
Both E903.DE and LGGE.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
E903.DE vs. LGGE.DE - Dividend Comparison
E903.DE's dividend yield for the trailing twelve months is around 3.61%, more than LGGE.DE's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
E903.DE Amundi DivDAX II UCITS ETF Dist | 3.61% | 3.66% | 4.20% | 5.26% | 3.88% | 2.62% | 3.28% | 3.24% | 3.74% | 2.45% | 2.97% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
E903.DE and LGGE.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
E903.DE and LGGE.DE have the same expense ratio: 0.25% per year.
E903.DE tracks DivDAX®, 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: Amundi and Legal & General.
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