EICOX vs. LGGA.DE

Last updated Jun 10, 2026

EICOX (Eaton Vance Emerging and Frontier Countries Equity Fund) and LGGA.DE (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) are both funds - EICOX is a Emerging Markets Diversified fund managed by Eaton Vance, while LGGA.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Over the past 3 years, EICOX returned 24.83%/yr vs 21.31%/yr for LGGA.DE. A 0.65 correlation means they provide meaningful diversification when combined. EICOX charges 1.31%/yr vs 0.40%/yr for LGGA.DE.

Performance

EICOX vs. LGGA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Emerging and Frontier Countries Equity Fund (EICOX) and L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EICOX is traded in USD, while LGGA.DE is traded in EUR. To make them comparable, the LGGA.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EICOX achieves a 19.21% return, which is significantly higher than LGGA.DE's 16.30% return.

EICOX

• 1D: 0.37%
• 1M: -1.13%
• YTD: 19.21%
• 6M: 22.75%
• 1Y: 39.88%
• 3Y*: 24.83%
• 5Y*: 14.58%
• 10Y*: 12.76%

LGGA.DE

• 1D: -0.50%
• 1M: -1.20%
• YTD: 16.30%
• 6M: 17.34%
• 1Y: 35.89%
• 3Y*: 21.31%
• 5Y*: —
• 10Y*: —

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

EICOX vs. LGGA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EICOX Eaton Vance Emerging and Frontier Countries Equity Fund	19.21%	33.22%	11.99%	25.78%	-14.59%	3.76%
LGGA.DE L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	16.30%	36.78%	3.61%	8.82%	-9.13%	-3.23%

Correlation

The correlation between EICOX and LGGA.DE is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021	0.65

The correlation between EICOX and LGGA.DE has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

Return for Risk

EICOX vs. LGGA.DE — Risk / Return Rank

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

EICOX

EICOX Risk / Return Rank: 76
EICOX Sharpe Ratio Rank: 82
EICOX Sortino Ratio Rank: 72
EICOX Omega Ratio Rank: 82
EICOX Calmar Ratio Rank: 76
EICOX Martin Ratio Rank: 69

LGGA.DE

LGGA.DE Risk / Return Rank: 73
LGGA.DE Sharpe Ratio Rank: 75
LGGA.DE Sortino Ratio Rank: 74
LGGA.DE Omega Ratio Rank: 74
LGGA.DE Calmar Ratio Rank: 78
LGGA.DE Martin Ratio Rank: 63

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.

EICOX vs. LGGA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Emerging and Frontier Countries Equity Fund (EICOX) and L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.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.

	EICOX	LGGA.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.37	2.29	+0.08
Sortino ratio: Return per unit of downside risk	3.00	3.11	-0.11
Omega ratio: Gain probability vs. loss probability	1.48	1.40	+0.08
Calmar ratio: Return relative to maximum drawdown	3.02	3.41	-0.39
Martin ratio: Return relative to average drawdown	11.43	10.16	+1.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EICOX vs. LGGA.DE - Sharpe Ratio Comparison

The current EICOX Sharpe Ratio is 2.37, which is comparable to the LGGA.DE Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of EICOX and LGGA.DE, 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

	EICOX	LGGA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.29	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.61	+0.11

Drawdowns

EICOX vs. LGGA.DE - Drawdown Comparison

The maximum EICOX drawdown since its inception was -38.75%, which is greater than LGGA.DE's maximum drawdown of -26.04%. Use the drawdown chart below to compare losses from any high point for EICOX and LGGA.DE.

Drawdown Indicators

	EICOX	LGGA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.75%	-26.04%	-12.71%
Max Drawdown (1Y) Largest decline over 1 year	-13.40%	-10.84%	-2.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.11%	-18.61%	+4.50%
Max Drawdown (5Y) Largest decline over 5 years	-22.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.75%	—	—
Current Drawdown Current decline from peak	-6.63%	-2.65%	-3.98%
Average Drawdown Average peak-to-trough decline	-8.68%	-6.74%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.54%	3.65%	-0.11%

Volatility

EICOX vs. LGGA.DE - Volatility Comparison

Eaton Vance Emerging and Frontier Countries Equity Fund (EICOX) has a higher volatility of 8.86% compared to L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.DE) at 5.16%. This indicates that EICOX's price experiences larger fluctuations and is considered to be riskier than LGGA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EICOX	LGGA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.86%	5.16%	+3.70%
Volatility (6M) Calculated over the trailing 6-month period	15.54%	12.87%	+2.67%
Volatility (1Y) Calculated over the trailing 1-year period	17.14%	16.24%	+0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.95%	15.82%	-1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.72%	15.82%	-2.10%

EICOX vs. LGGA.DE - Expense Ratio Comparison

EICOX has a 1.31% expense ratio, which is higher than LGGA.DE's 0.40% expense ratio.

Dividends

EICOX vs. LGGA.DE - Dividend Comparison

EICOX's dividend yield for the trailing twelve months is around 3.09%, less than LGGA.DE's 3.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EICOX Eaton Vance Emerging and Frontier Countries Equity Fund	3.09%	3.68%	2.02%	1.95%	5.72%	2.71%	0.10%	2.00%	2.95%	0.00%	0.59%	2.35%
LGGA.DE L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	3.76%	4.29%	4.70%	5.40%	4.98%	1.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EICOX and LGGA.DE in my portfolio?

EICOX and LGGA.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.