ESGG.L vs. LGGG.L

Last updated Jul 29, 2026

ESGG.L (Invesco MSCI World ESG Universal Screened UCITS ETF Acc) and LGGG.L (L&G Global Equity UCITS ETF) are both Global Equities funds tracking the MSCI ACWI NR USD, from Invesco and Legal & General respectively. Both are passively managed. Over the past 5 years, ESGG.L returned 11.60%/yr vs 12.13%/yr for LGGG.L. Their 0.97 correlation means they have historically moved very closely together. ESGG.L charges 0.19%/yr vs 0.10%/yr for LGGG.L.

Performance

ESGG.L vs. LGGG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGG.L) and L&G Global Equity UCITS ETF (LGGG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESGG.L achieves a 10.54% return, which is significantly higher than LGGG.L's 10.01% return.

ESGG.L

• 1D: 0.37%
• 1M: -0.10%
• 6M: 10.14%
• YTD: 10.54%
• 1Y: 19.35%
• 3Y*: 16.45%
• 5Y*: 11.60%
• 10Y*: —
• ALL TIME*: 9.86%

LGGG.L

• 1D: 0.52%
• 1M: 0.35%
• 6M: 9.78%
• YTD: 10.01%
• 1Y: 19.19%
• 3Y*: 16.68%
• 5Y*: 12.13%
• 10Y*: —
• ALL TIME*: 9.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ESGG.L Invesco MSCI World ESG Universal Screened UCITS ETF Acc	£17.70K	£131.17K	£72.51K
LGGG.L L&G Global Equity UCITS ETF	£1.14M	£1.76M	£1.38M

ESGG.L vs. LGGG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ESGG.L Invesco MSCI World ESG Universal Screened UCITS ETF Acc	10.54%	12.19%	20.44%	18.59%	-10.70%	24.45%	14.92%	-13.64%
LGGG.L L&G Global Equity UCITS ETF	10.01%	12.92%	21.13%	18.08%	-8.24%	23.53%	12.41%	7.38%

Correlation

The correlation between ESGG.L and LGGG.L is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.97
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.97
Correlation (All Time) Calculated using the full available price history since Jun 13, 2019	0.97

The correlation between ESGG.L and LGGG.L has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.

ESGG.L vs. LGGG.L - Sectors Allocation Comparison

Sectors	ESGG.L	LGGG.L
Technology	32.7%	30.5%
Financial Services	19.3%	16.5%
Industrials	10.0%	10.5%
Healthcare	9.4%	9.1%
Consumer Cyclical	7.7%	9.0%
Communication Services	6.4%	8.7%
Consumer Defensive	4.8%	5.0%
Basic Materials	3.2%	2.9%
Energy	2.6%	3.7%
Utilities	2.1%	2.3%
Real Estate	2.0%	1.7%

Return for Risk

ESGG.L vs. LGGG.L — Risk / Return Rank

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

ESGG.L

ESGG.L Risk / Return Rank: 76
ESGG.L Sharpe Ratio Rank: 76
ESGG.L Sortino Ratio Rank: 75
ESGG.L Omega Ratio Rank: 76
ESGG.L Calmar Ratio Rank: 75
ESGG.L Martin Ratio Rank: 79

LGGG.L

LGGG.L Risk / Return Rank: 80
LGGG.L Sharpe Ratio Rank: 79
LGGG.L Sortino Ratio Rank: 79
LGGG.L Omega Ratio Rank: 80
LGGG.L Calmar Ratio Rank: 78
LGGG.L Martin Ratio Rank: 82

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.

ESGG.L vs. LGGG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGG.L) and L&G Global Equity UCITS ETF (LGGG.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.

	ESGG.L	LGGG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.73	1.81	-0.08
Sortino ratio: Return per unit of downside risk	2.42	2.54	-0.12
Omega ratio: Gain probability vs. loss probability	1.32	1.33	-0.01
Calmar ratio: Return relative to maximum drawdown	2.71	2.86	-0.16
Martin ratio: Return relative to average drawdown	10.27	10.98	-0.71

ESGG.L vs. LGGG.L - Sharpe Ratio Comparison

The current ESGG.L Sharpe Ratio is 1.73, which is comparable to the LGGG.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of ESGG.L and LGGG.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.

Drawdowns

ESGG.L vs. LGGG.L - Drawdown Comparison

The maximum ESGG.L drawdown since its inception was -29.72%, roughly equal to the maximum LGGG.L drawdown of -30.19%. Use the drawdown chart below to compare losses from any high point for ESGG.L and LGGG.L.

Drawdown Indicators

	ESGG.L	LGGG.L	Difference
Max Drawdown Largest peak-to-trough decline	-29.72%	-30.19%	+0.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.11%	-6.67%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-18.64%	-19.95%	+1.31%
Max Drawdown (5Y) Largest decline over 5 years	-18.64%	-19.95%	+1.31%
Current Drawdown Current decline from peak	-1.45%	-1.05%	-0.40%
Average Drawdown Average peak-to-trough decline	-5.53%	-7.10%	+1.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	1.74%	+0.14%

Volatility

ESGG.L vs. LGGG.L - Volatility Comparison

Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGG.L) has a higher volatility of 3.26% compared to L&G Global Equity UCITS ETF (LGGG.L) at 2.88%. This indicates that ESGG.L's price experiences larger fluctuations and is considered to be riskier than LGGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGG.L	LGGG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	2.88%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	8.55%	7.84%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	11.14%	10.57%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	19.11%	-5.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	20.27%	-3.62%

ESGG.L vs. LGGG.L - Expense Ratio Comparison

ESGG.L has a 0.19% expense ratio, which is higher than LGGG.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ESGG.L vs. LGGG.L - Dividend Comparison

Neither ESGG.L nor LGGG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESGG.L and LGGG.L in my portfolio?

With a correlation of 0.97, ESGG.L and LGGG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ESGG.L or LGGG.L?

On fees, LGGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESGG.L or LGGG.L?

LGGG.L is cheaper with a 0.10% expense ratio, compared with 0.19% for ESGG.L.

What is the main difference between ESGG.L and LGGG.L?

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.19% for ESGG.L and 0.10% for LGGG.L.