GBP5.L vs. LDEG.L
GBP5.L (L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF) and LDEG.L (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both exchange-traded funds - GBP5.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts 1-5 TR, while LDEG.L is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR. Both are passively managed. Over the past 5 years, GBP5.L returned 2.30%/yr vs 16.11%/yr for LDEG.L. At a 0.21 correlation, their price movements are largely independent. GBP5.L charges 0.09%/yr vs 0.25%/yr for LDEG.L.
Performance
GBP5.L vs. LDEG.L - Performance Comparison
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Returns By Period
In the year-to-date period, GBP5.L achieves a 0.88% return, which is significantly lower than LDEG.L's 10.41% return.
GBP5.L
- 1D
- 0.07%
- 1M
- 0.59%
- YTD
- 0.88%
- 6M
- 1.27%
- 1Y
- 4.67%
- 3Y*
- 6.06%
- 5Y*
- 2.30%
- 10Y*
- —
LDEG.L
- 1D
- 0.89%
- 1M
- -0.33%
- YTD
- 10.41%
- 6M
- 14.16%
- 1Y
- 30.16%
- 3Y*
- 23.92%
- 5Y*
- 16.11%
- 10Y*
- —
GBP5.L vs. LDEG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 0.88% | 6.37% | 4.55% | 6.90% | -6.01% | -0.56% |
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 10.41% | 44.92% | 8.83% | 14.32% | 3.42% | 2.83% |
Correlation
The correlation between GBP5.L and LDEG.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 10, 2021 | 0.21 |
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Return for Risk
GBP5.L vs. LDEG.L — Risk / Return Rank
GBP5.L
LDEG.L
GBP5.L vs. LDEG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.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.
| GBP5.L | LDEG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.48 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 3.78 | -1.21 |
| Martin ratioReturn relative to average drawdown | 9.07 | 13.82 | -4.75 |
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
| GBP5.L | LDEG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 2.63 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 1.24 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.24 | -0.59 |
Drawdowns
GBP5.L vs. LDEG.L - Drawdown Comparison
The maximum GBP5.L drawdown since its inception was -11.97%, smaller than the maximum LDEG.L drawdown of -15.97%. Use the drawdown chart below to compare losses from any high point for GBP5.L and LDEG.L.
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Drawdown Indicators
| GBP5.L | LDEG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.97% | -15.97% | +4.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.82% | -8.04% | +6.22% |
Max Drawdown (3Y)Largest decline over 3 years | -1.82% | -12.05% | +10.23% |
Max Drawdown (5Y)Largest decline over 5 years | -11.97% | -15.97% | +4.00% |
Current DrawdownCurrent decline from peak | -0.51% | -1.33% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -2.22% | -2.95% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 2.20% | -1.68% |
Volatility
GBP5.L vs. LDEG.L - Volatility Comparison
The current volatility for L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF (GBP5.L) is 1.86%, while L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) has a volatility of 3.57%. This indicates that GBP5.L experiences smaller price fluctuations and is considered to be less risky than LDEG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBP5.L | LDEG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.86% | 3.57% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 9.21% | -6.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 11.55% | -8.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.54% | 15.99% | -12.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.48% | 16.01% | -12.53% |
GBP5.L vs. LDEG.L - Expense Ratio Comparison
GBP5.L has a 0.09% expense ratio, which is lower than LDEG.L'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
GBP5.L vs. LDEG.L - Dividend Comparison
GBP5.L's dividend yield for the trailing twelve months is around 4.58%, more than LDEG.L's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GBP5.L L&G ESG GBP Corporate Bond 0-5 Year UCITS ETF | 4.58% | 4.40% | 3.78% | 2.56% | 1.05% | 0.32% |
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.13% | 3.43% | 4.21% | 4.11% | 3.70% | 3.11% |
Frequently Asked Questions
GBP5.L and LDEG.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBP5.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBP5.L is cheaper with a 0.09% expense ratio, compared with 0.25% for LDEG.L.
GBP5.L is categorized as European Corporate Bonds, while LDEG.L is Europe Equities. GBP5.L tracks Markit iBoxx GBP NonGilts 1-5 TR, while LDEG.L tracks MSCI Europe Ex UK NR EUR. Their fees differ too: 0.09% for GBP5.L and 0.25% for LDEG.L.
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