EMAU.L vs. LGGL.L
EMAU.L (L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc)) and LGGL.L (L&G Global Equity UCITS ETF) are both exchange-traded funds - EMAU.L is a Emerging Markets Bonds fund tracking the J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index, while LGGL.L is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 3 years, EMAU.L returned 6.29%/yr vs 19.11%/yr for LGGL.L. At a 0.39 correlation, their price movements are largely independent. EMAU.L charges 0.35%/yr vs 0.10%/yr for LGGL.L.
Performance
EMAU.L vs. LGGL.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EMAU.L achieves a 1.29% return, which is significantly lower than LGGL.L's 10.31% return.
EMAU.L
- 1D
- 0.00%
- 1M
- -0.27%
- 6M
- 0.92%
- YTD
- 1.29%
- 1Y
- 5.57%
- 3Y*
- 6.29%
- 5Y*
- —
- 10Y*
- —
LGGL.L
- 1D
- 0.04%
- 1M
- 0.18%
- 6M
- 9.21%
- YTD
- 10.31%
- 1Y
- 22.17%
- 3Y*
- 19.11%
- 5Y*
- 11.81%
- 10Y*
- —
EMAU.L vs. LGGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMAU.L L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) | 1.29% | 8.06% | 5.68% | 6.84% | -11.34% | -1.23% |
LGGL.L L&G Global Equity UCITS ETF | 10.31% | 21.18% | 19.20% | 25.02% | -18.03% | 5.56% |
Correlation
The correlation between EMAU.L and LGGL.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2021 | 0.39 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EMAU.L vs. LGGL.L — Risk / Return Rank
EMAU.L
LGGL.L
EMAU.L vs. LGGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) (EMAU.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.
| EMAU.L | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.62 | -0.44 |
| Martin ratioReturn relative to average drawdown | 9.66 | 10.81 | -1.15 |
Loading charts...
Drawdowns
EMAU.L vs. LGGL.L - Drawdown Comparison
The maximum EMAU.L drawdown since its inception was -19.62%, smaller than the maximum LGGL.L drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for EMAU.L and LGGL.L.
Loading charts...
Drawdown Indicators
| EMAU.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.62% | -33.89% | +14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | -8.42% | +5.87% |
Max Drawdown (3Y)Largest decline over 3 years | -3.01% | -17.79% | +14.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.76% | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.07% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -4.91% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.57% | 2.05% | -1.48% |
Volatility
EMAU.L vs. LGGL.L - Volatility Comparison
The current volatility for L&G Emerging Markets Corporate Bond (USD) Screened UCITS ETF USD (Acc) (EMAU.L) is 0.85%, while L&G Global Equity UCITS ETF (LGGL.L) has a volatility of 2.85%. This indicates that EMAU.L experiences smaller price fluctuations and is considered to be less risky than LGGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EMAU.L | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 2.85% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 9.86% | -7.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 12.27% | -8.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.58% | 15.65% | -10.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.58% | 17.10% | -11.52% |
EMAU.L vs. LGGL.L - Expense Ratio Comparison
EMAU.L has a 0.35% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.
Dividends
EMAU.L vs. LGGL.L - Dividend Comparison
Neither EMAU.L nor LGGL.L has paid dividends to shareholders.
Frequently Asked Questions
EMAU.L and LGGL.L have a correlation of 0.49, 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 0.35% for EMAU.L.
EMAU.L is categorized as Emerging Markets Bonds, while LGGL.L is Global Equities. EMAU.L tracks J.P. Morgan ESG CEMBI Broad Diversified Custom Maturity Index, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Their fees differ too: 0.35% for EMAU.L and 0.10% for LGGL.L.
Find the right allocation for EMAU.L and LGGL.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer