EMA5.DE vs. LGGE.DE
EMA5.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both exchange-traded funds - EMA5.DE is a Emerging Markets Bonds fund tracking the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity, while LGGE.DE is a Europe Equities fund tracking 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, EMA5.DE returned 5.12%/yr vs 24.04%/yr for LGGE.DE. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.25% expense ratio.
Performance
EMA5.DE vs. LGGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMA5.DE achieves a 2.33% return, which is significantly lower than LGGE.DE's 11.27% return.
EMA5.DE
- 1D
- -0.04%
- 1M
- 1.09%
- YTD
- 2.33%
- 6M
- 2.03%
- 1Y
- 4.26%
- 3Y*
- 5.12%
- 5Y*
- 3.38%
- 10Y*
- —
LGGE.DE
- 1D
- 0.15%
- 1M
- 1.27%
- YTD
- 11.27%
- 6M
- 15.17%
- 1Y
- 26.35%
- 3Y*
- 24.04%
- 5Y*
- —
- 10Y*
- —
EMA5.DE vs. LGGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 2.33% | -2.57% | 14.01% | 3.79% | -5.07% | 2.70% |
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 EMA5.DE and LGGE.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | -0.06 |
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Return for Risk
EMA5.DE vs. LGGE.DE — Risk / Return Rank
EMA5.DE
LGGE.DE
EMA5.DE vs. LGGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.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.
| EMA5.DE | LGGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.40 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 3.61 | -2.22 |
| Martin ratioReturn relative to average drawdown | 3.47 | 13.07 | -9.60 |
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
| EMA5.DE | LGGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 2.19 | -1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 1.13 | -0.66 |
Drawdowns
EMA5.DE vs. LGGE.DE - Drawdown Comparison
The maximum EMA5.DE drawdown since its inception was -10.01%, smaller than the maximum LGGE.DE drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for EMA5.DE and LGGE.DE.
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Drawdown Indicators
| EMA5.DE | LGGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.01% | -20.11% | +10.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.06% | -7.28% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -10.01% | -14.71% | +4.70% |
Max Drawdown (5Y)Largest decline over 5 years | -10.01% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -2.09% | -1.08% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -3.23% | -0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.01% | -0.79% |
Volatility
EMA5.DE vs. LGGE.DE - Volatility Comparison
The current volatility for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMA5.DE) is 2.25%, while L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) has a volatility of 3.60%. This indicates that EMA5.DE experiences smaller price fluctuations and is considered to be less risky than LGGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMA5.DE | LGGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 3.60% | -1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 9.47% | -5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 11.99% | -6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 14.60% | -7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.94% | 14.60% | -7.66% |
EMA5.DE vs. LGGE.DE - Expense Ratio Comparison
Both EMA5.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
EMA5.DE vs. LGGE.DE - Dividend Comparison
EMA5.DE's dividend yield for the trailing twelve months is around 4.59%, more than LGGE.DE's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMA5.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 4.59% | 5.61% | 5.39% | 4.22% | 2.89% | 1.01% |
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% |
Frequently Asked Questions
EMA5.DE and LGGE.DE have a correlation of -0.03, 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.
EMA5.DE and LGGE.DE have the same expense ratio: 0.25% per year.
EMA5.DE is categorized as Emerging Markets Bonds, while LGGE.DE is Europe Equities. EMA5.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity, while LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality.
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