EEI.L vs. LGUK.L

Last updated Jun 5, 2026

EEI.L (WisdomTree Europe Equity Income UCITS ETF) and LGUK.L (L&G UK Equity UCITS ETF) are both Europe Equities funds - EEI.L tracks the MSCI Europe High Div Yld NR EUR while LGUK.L tracks the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, EEI.L returned 6.38%/yr vs 11.33%/yr for LGUK.L. A 0.76 correlation means they provide meaningful diversification when combined. EEI.L charges 0.29%/yr vs 0.05%/yr for LGUK.L.

Performance

EEI.L vs. LGUK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in WisdomTree Europe Equity Income UCITS ETF (EEI.L) and L&G UK Equity UCITS ETF (LGUK.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EEI.L achieves a 10.61% return, which is significantly higher than LGUK.L's 3.73% return.

EEI.L

• 1D: -0.21%
• 1M: 1.61%
• YTD: 10.61%
• 6M: 13.56%
• 1Y: 22.61%
• 3Y*: 10.39%
• 5Y*: 6.38%
• 10Y*: 4.18%

LGUK.L

• 1D: -1.06%
• 1M: -0.31%
• YTD: 3.73%
• 6M: 8.03%
• 1Y: 17.97%
• 3Y*: 13.62%
• 5Y*: 11.33%
• 10Y*: —

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

EEI.L vs. LGUK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EEI.L WisdomTree Europe Equity Income UCITS ETF	10.61%	26.84%	-7.65%	5.93%	0.84%	5.79%	-16.98%	9.05%	-3.69%
LGUK.L L&G UK Equity UCITS ETF	3.73%	24.95%	10.56%	6.64%	5.26%	17.94%	-12.15%	20.11%	-7.13%

Correlation

The correlation between EEI.L and LGUK.L is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Nov 14, 2018	0.76

The correlation between EEI.L and LGUK.L shifts across timeframes, from 0.57 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

EEI.L vs. LGUK.L - Sectors Allocation Comparison

Sectors	EEI.L	LGUK.L
Financial Services	24.7%	25.3%
Utilities	16.7%	5.5%
Industrials	15.3%	14.7%
Energy	11.6%	12.1%
Communication Services	8.6%	2.5%
Basic Materials	8.3%	5.9%
Real Estate	4.8%	0.6%
Consumer Cyclical	3.3%	3.7%
Healthcare	2.8%	14.7%
Consumer Defensive	2.3%	14.5%
Technology	1.5%	0.7%

Return for Risk

EEI.L vs. LGUK.L — Risk / Return Rank

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

EEI.L

EEI.L Risk / Return Rank: 60
EEI.L Sharpe Ratio Rank: 63
EEI.L Sortino Ratio Rank: 58
EEI.L Omega Ratio Rank: 64
EEI.L Calmar Ratio Rank: 56
EEI.L Martin Ratio Rank: 60

LGUK.L

LGUK.L Risk / Return Rank: 38
LGUK.L Sharpe Ratio Rank: 36
LGUK.L Sortino Ratio Rank: 36
LGUK.L Omega Ratio Rank: 37
LGUK.L Calmar Ratio Rank: 40
LGUK.L Martin Ratio Rank: 41

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.

EEI.L vs. LGUK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Equity Income UCITS ETF (EEI.L) and L&G UK Equity UCITS ETF (LGUK.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.

	EEI.L	LGUK.L	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.24	+0.83
Sortino ratio: Return per unit of downside risk	2.72	1.84	+0.88
Omega ratio: Gain probability vs. loss probability	1.38	1.24	+0.14
Calmar ratio: Return relative to maximum drawdown	2.71	1.92	+0.79
Martin ratio: Return relative to average drawdown	10.53	6.51	+4.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEI.L vs. LGUK.L - Sharpe Ratio Comparison

The current EEI.L Sharpe Ratio is 2.07, which is higher than the LGUK.L Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of EEI.L and LGUK.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.

Sharpe Ratios by Period

	EEI.L	LGUK.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.24	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.82	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.52	-0.31

Drawdowns

EEI.L vs. LGUK.L - Drawdown Comparison

The maximum EEI.L drawdown since its inception was -37.68%, which is greater than LGUK.L's maximum drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for EEI.L and LGUK.L.

Drawdown Indicators

	EEI.L	LGUK.L	Difference
Max Drawdown Largest peak-to-trough decline	-37.68%	-33.76%	-3.92%
Max Drawdown (1Y) Largest decline over 1 year	-8.29%	-9.30%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.75%	-12.30%	-2.45%
Max Drawdown (5Y) Largest decline over 5 years	-17.71%	-12.30%	-5.41%
Max Drawdown (10Y) Largest decline over 10 years	-37.68%	—	—
Current Drawdown Current decline from peak	-0.98%	-5.71%	+4.73%
Average Drawdown Average peak-to-trough decline	-11.38%	-4.82%	-6.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	2.75%	-0.61%

Volatility

EEI.L vs. LGUK.L - Volatility Comparison

The current volatility for WisdomTree Europe Equity Income UCITS ETF (EEI.L) is 3.45%, while L&G UK Equity UCITS ETF (LGUK.L) has a volatility of 4.30%. This indicates that EEI.L experiences smaller price fluctuations and is considered to be less risky than LGUK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEI.L	LGUK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.45%	4.30%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	8.55%	12.53%	-3.98%
Volatility (1Y) Calculated over the trailing 1-year period	10.89%	14.42%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	13.86%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.52%	16.31%	-0.79%

EEI.L vs. LGUK.L - Expense Ratio Comparison

EEI.L has a 0.29% expense ratio, which is higher than LGUK.L's 0.05% expense ratio.

Dividends

EEI.L vs. LGUK.L - Dividend Comparison

EEI.L's dividend yield for the trailing twelve months is around 0.05%, while LGUK.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEI.L WisdomTree Europe Equity Income UCITS ETF	0.05%	0.05%	0.07%	0.06%	0.05%	0.05%	0.06%	0.06%	0.05%	0.04%	0.03%	0.04%
LGUK.L L&G UK 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

Can I hold both EEI.L and LGUK.L in my portfolio?

EEI.L and LGUK.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EEI.L or LGUK.L?

On fees, LGUK.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EEI.L or LGUK.L?

LGUK.L is cheaper with a 0.05% expense ratio, compared with 0.29% for EEI.L.

What is the main difference between EEI.L and LGUK.L?

EEI.L tracks MSCI Europe High Div Yld NR EUR, while LGUK.L tracks FTSE AllSh TR GBP. They also come from different issuers: WisdomTree and Legal & General. Their fees differ too: 0.29% for EEI.L and 0.05% for LGUK.L.