EUN1.DE vs. LGGE.DE
EUN1.DE (iShares STOXX Europe 50 UCITS ETF) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - EUN1.DE tracks the STOXX® Europe 50 while LGGE.DE tracks 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, EUN1.DE returned 12.02%/yr vs 24.04%/yr for LGGE.DE. Their correlation of 0.82 suggests significant overlap in exposure. EUN1.DE charges 0.35%/yr vs 0.25%/yr for LGGE.DE.
Performance
EUN1.DE vs. LGGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUN1.DE achieves a 7.28% return, which is significantly lower than LGGE.DE's 11.27% return.
EUN1.DE
- 1D
- 0.78%
- 1M
- 0.92%
- YTD
- 7.28%
- 6M
- 9.74%
- 1Y
- 16.43%
- 3Y*
- 12.02%
- 5Y*
- 11.08%
- 10Y*
- 9.16%
LGGE.DE
- 1D
- 0.15%
- 1M
- -0.22%
- YTD
- 11.27%
- 6M
- 15.32%
- 1Y
- 26.49%
- 3Y*
- 24.04%
- 5Y*
- —
- 10Y*
- —
EUN1.DE vs. LGGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EUN1.DE iShares STOXX Europe 50 UCITS ETF | 7.28% | 17.86% | 7.29% | 14.83% | -1.88% | 9.11% |
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 EUN1.DE and LGGE.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.82 |
The correlation between EUN1.DE and LGGE.DE has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
EUN1.DE vs. LGGE.DE — Risk / Return Rank
EUN1.DE
LGGE.DE
EUN1.DE vs. LGGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 50 UCITS ETF (EUN1.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.
| EUN1.DE | LGGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 3.61 | -1.92 |
| Martin ratioReturn relative to average drawdown | 5.92 | 13.07 | -7.15 |
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
| EUN1.DE | LGGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.19 | -0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 1.13 | -0.97 |
Drawdowns
EUN1.DE vs. LGGE.DE - Drawdown Comparison
The maximum EUN1.DE drawdown since its inception was -62.27%, which is greater than LGGE.DE's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for EUN1.DE and LGGE.DE.
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Drawdown Indicators
| EUN1.DE | LGGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.27% | -20.11% | -42.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.61% | -7.28% | -2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -17.40% | -14.71% | -2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -17.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -32.50% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -2.09% | +0.37% |
Average DrawdownAverage peak-to-trough decline | -20.89% | -3.23% | -17.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 2.01% | +0.74% |
Volatility
EUN1.DE vs. LGGE.DE - Volatility Comparison
iShares STOXX Europe 50 UCITS ETF (EUN1.DE) has a higher volatility of 4.21% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) at 3.60%. This indicates that EUN1.DE's price experiences larger fluctuations and is considered to be riskier 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
| EUN1.DE | LGGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 3.60% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 9.47% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.43% | 11.99% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 14.60% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.26% | 14.60% | +0.66% |
EUN1.DE vs. LGGE.DE - Expense Ratio Comparison
EUN1.DE has a 0.35% expense ratio, which is higher than LGGE.DE's 0.25% expense ratio.
Dividends
EUN1.DE vs. LGGE.DE - Dividend Comparison
EUN1.DE's dividend yield for the trailing twelve months is around 2.41%, less than LGGE.DE's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN1.DE iShares STOXX Europe 50 UCITS ETF | 2.41% | 2.41% | 2.62% | 2.55% | 2.61% | 2.22% | 2.41% | 2.94% | 3.53% | 3.22% | 3.28% | 3.05% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUN1.DE and LGGE.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGGE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGGE.DE is cheaper with a 0.25% expense ratio, compared with 0.35% for EUN1.DE.
EUN1.DE tracks STOXX® Europe 50, while LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.35% for EUN1.DE and 0.25% for LGGE.DE.
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