GBPC.L vs. LGGG.L
GBPC.L (L&G ESG GBP Corporate Bond UCITS ETF) and LGGG.L (L&G Global Equity UCITS ETF) are both exchange-traded funds - GBPC.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts TR, while LGGG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, GBPC.L returned -0.17%/yr vs 13.23%/yr for LGGG.L. At a 0.15 correlation, their price movements are largely independent. GBPC.L charges 0.09%/yr vs 0.10%/yr for LGGG.L.
Performance
GBPC.L vs. LGGG.L - Performance Comparison
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Returns By Period
In the year-to-date period, GBPC.L achieves a 0.12% return, which is significantly lower than LGGG.L's 10.12% return.
GBPC.L
- 1D
- 0.26%
- 1M
- 1.04%
- YTD
- 0.12%
- 6M
- 0.62%
- 1Y
- 4.88%
- 3Y*
- 6.29%
- 5Y*
- -0.17%
- 10Y*
- —
LGGG.L
- 1D
- 0.07%
- 1M
- 3.97%
- YTD
- 10.12%
- 6M
- 9.95%
- 1Y
- 27.20%
- 3Y*
- 17.85%
- 5Y*
- 13.23%
- 10Y*
- —
GBPC.L vs. LGGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 0.12% | 6.83% | 2.78% | 8.45% | -17.18% | -2.43% | -0.23% |
LGGG.L L&G Global Equity UCITS ETF | 10.12% | 12.92% | 21.13% | 18.08% | -8.24% | 23.53% | -0.66% |
Correlation
The correlation between GBPC.L and LGGG.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.15 |
The correlation between GBPC.L and LGGG.L shifts across timeframes, from 0.15 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GBPC.L vs. LGGG.L — Risk / Return Rank
GBPC.L
LGGG.L
GBPC.L vs. LGGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG GBP Corporate Bond UCITS ETF (GBPC.L) and L&G Global Equity UCITS ETF (LGGG.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.
| GBPC.L | LGGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.51 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 4.07 | -2.89 |
| Martin ratioReturn relative to average drawdown | 3.91 | 16.19 | -12.27 |
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
| GBPC.L | LGGG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.78 | 2.67 | -1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | 1.00 | -1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.91 | -1.02 |
Drawdowns
GBPC.L vs. LGGG.L - Drawdown Comparison
The maximum GBPC.L drawdown since its inception was -28.18%, which is greater than LGGG.L's maximum drawdown of -25.38%. Use the drawdown chart below to compare losses from any high point for GBPC.L and LGGG.L.
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Drawdown Indicators
| GBPC.L | LGGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.18% | -25.38% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -6.67% | +2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.14% | -18.68% | +14.54% |
Max Drawdown (5Y)Largest decline over 5 years | -27.49% | -18.68% | -8.81% |
Current DrawdownCurrent decline from peak | -4.53% | -0.15% | -4.38% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -3.21% | -8.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 1.68% | -0.43% |
Volatility
GBPC.L vs. LGGG.L - Volatility Comparison
L&G ESG GBP Corporate Bond UCITS ETF (GBPC.L) has a higher volatility of 3.33% compared to L&G Global Equity UCITS ETF (LGGG.L) at 2.47%. This indicates that GBPC.L's price experiences larger fluctuations and is considered to be riskier than LGGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBPC.L | LGGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 2.47% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 5.09% | 7.32% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 10.16% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.19% | 13.19% | -5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.15% | 15.09% | -6.94% |
GBPC.L vs. LGGG.L - Expense Ratio Comparison
GBPC.L has a 0.09% expense ratio, which is lower than LGGG.L's 0.10% 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
GBPC.L vs. LGGG.L - Dividend Comparison
GBPC.L's dividend yield for the trailing twelve months is around 5.14%, while LGGG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 5.14% | 5.00% | 4.86% | 3.58% | 2.16% | 0.87% |
LGGG.L L&G Global Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GBPC.L and LGGG.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GBPC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GBPC.L is cheaper with a 0.09% expense ratio, compared with 0.10% for LGGG.L.
GBPC.L is categorized as European Corporate Bonds, while LGGG.L is Global Equities. GBPC.L tracks Markit iBoxx GBP NonGilts TR, while LGGG.L tracks MSCI ACWI NR USD. Their fees differ too: 0.09% for GBPC.L and 0.10% for LGGG.L.
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