FEXU.L vs. LGUS.L

Last updated Jul 18, 2026

FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) and LGUS.L (L&G US Equity UCITS ETF USD (Acc)) are both Large Cap Blend Equities funds - FEXU.L tracks the Russell 1000 TR USD while LGUS.L tracks the Solactive Core United States Large & Mid Cap Index NTR. Both are passively managed. Over the past 5 years, FEXU.L returned 10.82%/yr vs 12.54%/yr for LGUS.L. Their correlation of 0.87 suggests significant overlap in exposure. FEXU.L charges 0.75%/yr vs 0.05%/yr for LGUS.L.

Performance

FEXU.L vs. LGUS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) and L&G US Equity UCITS ETF USD (Acc) (LGUS.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FEXU.L achieves a 13.76% return, which is significantly higher than LGUS.L's 9.01% return.

FEXU.L

• 1D: -0.33%
• 1M: -2.33%
• 6M: 10.08%
• YTD: 13.76%
• 1Y: 23.12%
• 3Y*: 17.16%
• 5Y*: 10.82%
• 10Y*: 12.35%

LGUS.L

• 1D: -1.30%
• 1M: -0.36%
• 6M: 8.07%
• YTD: 9.01%
• 1Y: 19.79%
• 3Y*: 19.73%
• 5Y*: 12.54%
• 10Y*: —

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

FEXU.L vs. LGUS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF	13.76%	15.23%	16.68%	14.66%	-12.27%	26.82%	13.52%	26.07%	-11.55%
LGUS.L L&G US Equity UCITS ETF USD (Acc)	9.01%	17.98%	25.09%	28.66%	-20.46%	27.91%	21.16%	30.91%	-9.25%

Correlation

The correlation between FEXU.L and LGUS.L is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.87

The correlation between FEXU.L and LGUS.L shifts across timeframes, from 0.76 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FEXU.L vs. LGUS.L — Risk / Return Rank

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

FEXU.L

FEXU.L Risk / Return Rank: 80
FEXU.L Sharpe Ratio Rank: 75
FEXU.L Sortino Ratio Rank: 80
FEXU.L Omega Ratio Rank: 72
FEXU.L Calmar Ratio Rank: 90
FEXU.L Martin Ratio Rank: 86

LGUS.L

LGUS.L Risk / Return Rank: 65
LGUS.L Sharpe Ratio Rank: 64
LGUS.L Sortino Ratio Rank: 69
LGUS.L Omega Ratio Rank: 61
LGUS.L Calmar Ratio Rank: 62
LGUS.L Martin Ratio Rank: 67

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.

FEXU.L vs. LGUS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) and L&G US Equity UCITS ETF USD (Acc) (LGUS.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.

	FEXU.L	LGUS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.58	+0.27
Sortino ratio: Return per unit of downside risk	2.79	2.39	+0.39
Omega ratio: Gain probability vs. loss probability	1.32	1.28	+0.04
Calmar ratio: Return relative to maximum drawdown	4.14	2.30	+1.84
Martin ratio: Return relative to average drawdown	13.36	8.84	+4.51

FEXU.L vs. LGUS.L - Sharpe Ratio Comparison

The current FEXU.L Sharpe Ratio is 1.85, which is comparable to the LGUS.L Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of FEXU.L and LGUS.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

FEXU.L vs. LGUS.L - Drawdown Comparison

The maximum FEXU.L drawdown since its inception was -39.38%, which is greater than LGUS.L's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for FEXU.L and LGUS.L.

Drawdown Indicators

	FEXU.L	LGUS.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-34.26%	-5.12%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	-8.58%	+3.02%
Max Drawdown (3Y) Largest decline over 3 years	-20.15%	-19.46%	-0.69%
Max Drawdown (5Y) Largest decline over 5 years	-20.80%	-25.64%	+4.84%
Max Drawdown (10Y) Largest decline over 10 years	-39.38%	—	—
Current Drawdown Current decline from peak	-2.92%	-1.69%	-1.23%
Average Drawdown Average peak-to-trough decline	-4.37%	-5.29%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	2.23%	-0.50%

Volatility

FEXU.L vs. LGUS.L - Volatility Comparison

First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) has a higher volatility of 3.93% compared to L&G US Equity UCITS ETF USD (Acc) (LGUS.L) at 3.15%. This indicates that FEXU.L's price experiences larger fluctuations and is considered to be riskier than LGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FEXU.L	LGUS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.93%	3.15%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	9.50%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	12.53%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.34%	16.52%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	18.10%	-0.79%

FEXU.L vs. LGUS.L - Expense Ratio Comparison

FEXU.L has a 0.75% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.

Dividends

FEXU.L vs. LGUS.L - Dividend Comparison

Neither FEXU.L nor LGUS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FEXU.L and LGUS.L in my portfolio?

FEXU.L and LGUS.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEXU.L or LGUS.L?

On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEXU.L or LGUS.L?

LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.75% for FEXU.L.

What is the main difference between FEXU.L and LGUS.L?

FEXU.L tracks Russell 1000 TR USD, while LGUS.L tracks Solactive Core United States Large & Mid Cap Index NTR. They also come from different issuers: First Trust and L&G. Their fees differ too: 0.75% for FEXU.L and 0.05% for LGUS.L.