EXSE.DE vs. LGGE.DE
EXSE.DE (iShares STOXX Europe Small 200 UCITS ETF (DE)) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - EXSE.DE tracks the STOXX® Europe Small 200 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, EXSE.DE returned 11.63%/yr vs 24.04%/yr for LGGE.DE. Their correlation of 0.84 suggests significant overlap in exposure. EXSE.DE charges 0.20%/yr vs 0.25%/yr for LGGE.DE.
Performance
EXSE.DE vs. LGGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXSE.DE achieves a 7.33% return, which is significantly lower than LGGE.DE's 11.27% return.
EXSE.DE
- 1D
- 0.55%
- 1M
- 1.10%
- YTD
- 7.33%
- 6M
- 10.98%
- 1Y
- 15.08%
- 3Y*
- 11.63%
- 5Y*
- 3.52%
- 10Y*
- 7.21%
LGGE.DE
- 1D
- 0.15%
- 1M
- -0.22%
- YTD
- 11.27%
- 6M
- 15.32%
- 1Y
- 26.49%
- 3Y*
- 24.04%
- 5Y*
- —
- 10Y*
- —
EXSE.DE vs. LGGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 7.33% | 18.59% | 3.15% | 12.44% | -23.69% | 5.03% |
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 EXSE.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 | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.84 |
The correlation between EXSE.DE and LGGE.DE has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
EXSE.DE vs. LGGE.DE — Risk / Return Rank
EXSE.DE
LGGE.DE
EXSE.DE vs. LGGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.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.
| EXSE.DE | LGGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.61 | -2.12 |
| Martin ratioReturn relative to average drawdown | 5.48 | 13.07 | -7.59 |
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
| EXSE.DE | LGGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.19 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 1.13 | -0.73 |
Drawdowns
EXSE.DE vs. LGGE.DE - Drawdown Comparison
The maximum EXSE.DE drawdown since its inception was -62.51%, 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 EXSE.DE and LGGE.DE.
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Drawdown Indicators
| EXSE.DE | LGGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.51% | -20.11% | -42.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.36% | -7.28% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -14.71% | -0.90% |
Max Drawdown (5Y)Largest decline over 5 years | -35.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.03% | — | — |
Current DrawdownCurrent decline from peak | -1.14% | -2.09% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -3.23% | -9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.01% | +0.81% |
Volatility
EXSE.DE vs. LGGE.DE - Volatility Comparison
iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.DE) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) have volatilities of 3.72% and 3.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXSE.DE | LGGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 3.60% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 9.47% | +1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 11.99% | +1.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 14.60% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 14.60% | +2.74% |
EXSE.DE vs. LGGE.DE - Expense Ratio Comparison
EXSE.DE has a 0.20% expense ratio, which is lower than LGGE.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EXSE.DE vs. LGGE.DE - Dividend Comparison
EXSE.DE's dividend yield for the trailing twelve months is around 2.67%, less than LGGE.DE's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 2.67% | 2.91% | 2.58% | 2.29% | 2.59% | 1.43% | 1.25% | 2.13% | 2.59% | 3.45% | 2.83% | 2.87% |
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
EXSE.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, EXSE.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSE.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for LGGE.DE.
EXSE.DE tracks STOXX® Europe Small 200, 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: 0.20% for EXSE.DE and 0.25% for LGGE.DE.
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