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GBDV.L vs. LGGL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GBDV.L vs. LGGL.L

Last updated Jun 26, 2026

GBDV.L (SPDR S&P Global Dividend Aristocrats UCITS) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - GBDV.L tracks the S&P Global Dividend Aristocrats index while LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, GBDV.L returned 7.25%/yr vs 12.47%/yr for LGGL.L. A 0.63 correlation means they provide meaningful diversification when combined. GBDV.L charges 0.45%/yr vs 0.10%/yr for LGGL.L.

Performance

GBDV.L vs. LGGL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) and L&G Global Equity UCITS ETF (LGGL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

GBDV.L is traded in GBP, while LGGL.L is traded in USD. To make them comparable, the LGGL.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with GBDV.L having a 9.62% return and LGGL.L slightly higher at 9.94%.

GBDV.L

1D
0.20%
1M
1.93%
YTD
9.62%
6M
9.74%
1Y
20.65%
3Y*
13.77%
5Y*
7.25%
10Y*
7.24%

LGGL.L

1D
-0.55%
1M
0.47%
YTD
9.94%
6M
9.99%
1Y
26.44%
3Y*
18.29%
5Y*
12.47%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GBDV.L vs. LGGL.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
GBDV.L
SPDR S&P Global Dividend Aristocrats UCITS		9.62%9.25%8.98%1.23%4.57%16.69%-12.13%15.83%-1.85%
LGGL.L
L&G Global Equity UCITS ETF		9.94%12.55%21.28%18.77%-8.29%23.09%12.93%22.15%-6.16%

Correlation

The correlation between GBDV.L and LGGL.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.36

Correlation (3Y)
Calculated over the trailing 3-year period

0.47

Correlation (5Y)
Calculated over the trailing 5-year period

0.55

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2018

0.63

Over the past year, the correlation between GBDV.L and LGGL.L has dropped to 0.36 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.

GBDV.L vs. LGGL.L - Sectors Allocation Comparison

Sectors
GBDV.L
LGGL.L

Financial Services

23.0%
15.2%

Utilities

16.9%
2.3%

Industrials

12.0%
10.5%

Real Estate

11.4%
1.7%

Communication Services

10.3%
9.2%

Consumer Defensive

8.4%
4.9%

Energy

7.8%
3.6%

Healthcare

3.8%
8.6%

Technology

2.9%
31.5%

Basic Materials

2.3%
3.2%

Consumer Cyclical

1.3%
9.4%

Financial Services

GBDV.L
23.0%
LGGL.L
15.2%

Utilities

GBDV.L
16.9%
LGGL.L
2.3%

Industrials

GBDV.L
12.0%
LGGL.L
10.5%

Real Estate

GBDV.L
11.4%
LGGL.L
1.7%

Communication Services

GBDV.L
10.3%
LGGL.L
9.2%

Consumer Defensive

GBDV.L
8.4%
LGGL.L
4.9%

Energy

GBDV.L
7.8%
LGGL.L
3.6%

Healthcare

GBDV.L
3.8%
LGGL.L
8.6%

Technology

GBDV.L
2.9%
LGGL.L
31.5%

Basic Materials

GBDV.L
2.3%
LGGL.L
3.2%

Consumer Cyclical

GBDV.L
1.3%
LGGL.L
9.4%

Compare stocks, funds, or ETFs

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SPDR S&P Global Dividend Aristocrats UCITS

L&G Global Equity UCITS ETF

Often compared with GBDV.L:
GBDV.L vs. VHYL.ASGBDV.L vs. VHYD.LGBDV.L vs. SDIVGBDV.L vs. IUKD.LGBDV.L vs. XGSD.LGBDV.L vs. FLXX.DEGBDV.L vs. TDGB.L
Often compared with LGGL.L:
LGGL.L vs. ISPY.LLGGL.L vs. HTWG.LLGGL.L vs. WRDA.LLGGL.L vs. XDEV.LLGGL.L vs. RTWO.LLGGL.L vs. SBUY.LLGGL.L vs. INFR.L

Return for Risk

GBDV.L vs. LGGL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GBDV.L
GBDV.L Risk / Return Rank: 7979
Overall Rank
GBDV.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
GBDV.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
GBDV.L Omega Ratio Rank: 8383
Omega Ratio Rank
GBDV.L Calmar Ratio Rank: 7676
Calmar Ratio Rank
GBDV.L Martin Ratio Rank: 6666
Martin Ratio Rank
LGGL.L
LGGL.L Risk / Return Rank: 6464
Overall Rank
LGGL.L Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
LGGL.L Sortino Ratio Rank: 6868
Sortino Ratio Rank
LGGL.L Omega Ratio Rank: 6161
Omega Ratio Rank
LGGL.L Calmar Ratio Rank: 6060
Calmar Ratio Rank
LGGL.L Martin Ratio Rank: 6868
Martin Ratio Rank
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.

GBDV.L vs. LGGL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend Aristocrats UCITS (GBDV.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.

GBDV.LLGGL.LDifference
Sharpe ratioReturn per unit of total volatility
2.37
2.20

+0.17

Sortino ratioReturn per unit of downside risk
3.29
3.11

+0.18

Omega ratioGain probability vs. loss probability

1.43

1.41

+0.02

Calmar ratioReturn relative to maximum drawdown

3.39

3.99

-0.60

Martin ratioReturn relative to average drawdown

10.53

14.61

-4.08

GBDV.L vs. LGGL.L - Sharpe Ratio Comparison

The current GBDV.L Sharpe Ratio is 2.37, which is comparable to the LGGL.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of GBDV.L and LGGL.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.

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Drawdowns

GBDV.L vs. LGGL.L - Drawdown Comparison

The maximum GBDV.L drawdown since its inception was -40.46%, which is greater than LGGL.L's maximum drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for GBDV.L and LGGL.L.

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Drawdown Indicators

GBDV.LLGGL.LDifference

Max Drawdown

Largest peak-to-trough decline

-40.46%

-25.97%

-14.49%

Max Drawdown (1Y)

Largest decline over 1 year

-6.06%

-6.59%

+0.53%

Max Drawdown (3Y)

Largest decline over 3 years

-13.57%

-19.24%

+5.67%

Max Drawdown (5Y)

Largest decline over 5 years

-16.18%

-19.24%

+3.06%

Max Drawdown (10Y)

Largest decline over 10 years

-34.77%

—

—

Current Drawdown

Current decline from peak

0.00%

-1.31%

+1.31%

Average Drawdown

Average peak-to-trough decline

-11.60%

-3.27%

-8.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

1.81%

+0.15%

Volatility

GBDV.L vs. LGGL.L - Volatility Comparison

The current volatility for SPDR S&P Global Dividend Aristocrats UCITS (GBDV.L) is 1.97%, while L&G Global Equity UCITS ETF (LGGL.L) has a volatility of 3.86%. This indicates that GBDV.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.

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Volatility by Period

GBDV.LLGGL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.97%

3.86%

-1.89%

Volatility (6M)

Calculated over the trailing 6-month period

6.45%

9.42%

-2.97%

Volatility (1Y)

Calculated over the trailing 1-year period

8.71%

11.95%

-3.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.74%

14.52%

-2.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.08%

16.26%

-2.18%

GBDV.L vs. LGGL.L - Expense Ratio Comparison

GBDV.L has a 0.45% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.

Dividends

GBDV.L vs. LGGL.L - Dividend Comparison

GBDV.L's dividend yield for the trailing twelve months is around 3.81%, while LGGL.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
GBDV.L
SPDR S&P Global Dividend Aristocrats UCITS		3.81%4.21%3.80%4.25%4.26%3.68%3.91%3.60%3.87%3.28%3.49%3.73%
LGGL.L
L&G Global Equity UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

GBDV.L and LGGL.L have a correlation of 0.36, 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 0.45% for GBDV.L.

GBDV.L tracks S&P Global Dividend Aristocrats index, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. They also come from different issuers: State Street and L&G. Their fees differ too: 0.45% for GBDV.L and 0.10% for LGGL.L.

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