GLUG.L vs. GLGG.L

Last updated Jul 18, 2026

GLUG.L (L&G Clean Water UCITS ETF USD (Acc)) and GLGG.L (L&G Clean Water UCITS ETF) are both Water Equities funds - GLUG.L tracks the Solactive Clean Water Index NTR while GLGG.L tracks the S&P Global Water TR. Both are passively managed. Over the past 5 years, GLUG.L returned 6.20%/yr vs 6.19%/yr for GLGG.L. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.49% expense ratio.

Performance

GLUG.L vs. GLGG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Clean Water UCITS ETF USD (Acc) (GLUG.L) and L&G Clean Water UCITS ETF (GLGG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GLUG.L is traded in USD, while GLGG.L is traded in GBp. To make them comparable, the GLGG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with GLUG.L having a 5.95% return and GLGG.L slightly lower at 5.67%.

GLUG.L

• 1D: -0.09%
• 1M: 1.36%
• 6M: 0.23%
• YTD: 5.95%
• 1Y: 9.33%
• 3Y*: 11.06%
• 5Y*: 6.20%
• 10Y*: —

GLGG.L

• 1D: -0.25%
• 1M: 1.93%
• 6M: 0.31%
• YTD: 5.67%
• 1Y: 9.05%
• 3Y*: 10.86%
• 5Y*: 6.19%
• 10Y*: —

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

GLUG.L vs. GLGG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GLUG.L L&G Clean Water UCITS ETF USD (Acc)	5.95%	15.76%	4.02%	21.24%	-17.39%	26.15%	18.97%	13.32%
GLGG.L L&G Clean Water UCITS ETF	5.67%	15.95%	3.98%	20.62%	-17.38%	26.68%	18.42%	-10.28%

Correlation

The correlation between GLUG.L and GLGG.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 26, 2019	0.92

The correlation between GLUG.L and GLGG.L has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

GLUG.L vs. GLGG.L — Risk / Return Rank

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

GLUG.L

GLUG.L Risk / Return Rank: 22
GLUG.L Sharpe Ratio Rank: 22
GLUG.L Sortino Ratio Rank: 22
GLUG.L Omega Ratio Rank: 21
GLUG.L Calmar Ratio Rank: 22
GLUG.L Martin Ratio Rank: 21

GLGG.L

GLGG.L Risk / Return Rank: 21
GLGG.L Sharpe Ratio Rank: 22
GLGG.L Sortino Ratio Rank: 21
GLGG.L Omega Ratio Rank: 20
GLGG.L Calmar Ratio Rank: 21
GLGG.L Martin Ratio Rank: 20

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.

GLUG.L vs. GLGG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF USD (Acc) (GLUG.L) and L&G Clean Water UCITS ETF (GLGG.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.

	GLUG.L	GLGG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.59	0.59	0.00
Sortino ratio: Return per unit of downside risk	0.95	0.95	0.00
Omega ratio: Gain probability vs. loss probability	1.11	1.11	0.00
Calmar ratio: Return relative to maximum drawdown	0.73	0.71	+0.03
Martin ratio: Return relative to average drawdown	1.70	1.64	+0.06

GLUG.L vs. GLGG.L - Sharpe Ratio Comparison

The current GLUG.L Sharpe Ratio is 0.59, which is comparable to the GLGG.L Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of GLUG.L and GLGG.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

GLUG.L vs. GLGG.L - Drawdown Comparison

The maximum GLUG.L drawdown since its inception was -35.67%, smaller than the maximum GLGG.L drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for GLUG.L and GLGG.L.

Drawdown Indicators

	GLUG.L	GLGG.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.67%	-41.32%	+5.65%
Max Drawdown (1Y) Largest decline over 1 year	-12.66%	-12.72%	+0.06%
Max Drawdown (3Y) Largest decline over 3 years	-16.61%	-19.46%	+2.85%
Max Drawdown (5Y) Largest decline over 5 years	-30.10%	-30.24%	+0.14%
Current Drawdown Current decline from peak	-5.19%	-5.45%	+0.26%
Average Drawdown Average peak-to-trough decline	-7.43%	-10.36%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.47%	5.52%	-0.05%

Volatility

GLUG.L vs. GLGG.L - Volatility Comparison

L&G Clean Water UCITS ETF USD (Acc) (GLUG.L) has a higher volatility of 4.96% compared to L&G Clean Water UCITS ETF (GLGG.L) at 4.60%. This indicates that GLUG.L's price experiences larger fluctuations and is considered to be riskier than GLGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLUG.L	GLGG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	4.60%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	13.11%	12.45%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	15.37%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.65%	22.06%	-4.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	23.52%	-4.13%

GLUG.L vs. GLGG.L - Expense Ratio Comparison

Both GLUG.L and GLGG.L have an expense ratio of 0.49%.

Dividends

GLUG.L vs. GLGG.L - Dividend Comparison

Neither GLUG.L nor GLGG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLUG.L and GLGG.L in my portfolio?

With a correlation of 0.92, GLUG.L and GLGG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GLUG.L or GLGG.L?

Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLUG.L or GLGG.L?

GLUG.L and GLGG.L have the same expense ratio: 0.49% per year.

What is the main difference between GLUG.L and GLGG.L?

GLUG.L tracks Solactive Clean Water Index NTR, while GLGG.L tracks S&P Global Water TR. They also come from different issuers: L&G and Legal & General.