GPSA.L vs. LGUG.L

Last updated Jun 5, 2026

GPSA.L (iShares MSCI USA ESG Screened UCITS ETF USD (Acc)) and LGUG.L (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from iShares and Legal & General respectively. Both are passively managed. Over the past 5 years, GPSA.L returned 15.27%/yr vs 14.90%/yr for LGUG.L. Their correlation of 0.89 suggests significant overlap in exposure. GPSA.L charges 0.07%/yr vs 0.05%/yr for LGUG.L.

Performance

GPSA.L vs. LGUG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.L) and L&G US Equity UCITS ETF (LGUG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GPSA.L is traded in GBP, while LGUG.L is traded in GBp. To make them comparable, the LGUG.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 GPSA.L having a 10.42% return and LGUG.L slightly higher at 10.49%.

GPSA.L

• 1D: 0.14%
• 1M: 4.94%
• YTD: 10.42%
• 6M: 9.60%
• 1Y: 29.51%
• 3Y*: 20.13%
• 5Y*: 15.27%
• 10Y*: —

LGUG.L

• 1D: -0.07%
• 1M: 5.71%
• YTD: 10.49%
• 6M: 10.18%
• 1Y: 28.95%
• 3Y*: 19.37%
• 5Y*: 14.90%
• 10Y*: —

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

GPSA.L vs. LGUG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GPSA.L iShares MSCI USA ESG Screened UCITS ETF USD (Acc)	10.42%	9.72%	28.95%	23.60%	-11.94%	29.93%	17.87%	1.19%
LGUG.L L&G US Equity UCITS ETF	10.49%	9.75%	27.44%	21.53%	-10.98%	29.52%	15.44%	3.09%

Correlation

The correlation between GPSA.L and LGUG.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 25, 2019	0.89

The correlation between GPSA.L and LGUG.L has been stable across timeframes, ranging from 0.89 to 0.98 - a consistent structural relationship.

GPSA.L vs. LGUG.L - Sectors Allocation Comparison

Sectors	GPSA.L	LGUG.L
Technology	40.6%	38.3%
Communication Services	11.7%	11.2%
Financial Services	11.7%	11.1%
Consumer Cyclical	10.6%	10.1%
Healthcare	9.0%	8.6%
Industrials	7.3%	7.6%
Consumer Defensive	2.5%	4.7%
Real Estate	2.0%	1.6%
Basic Materials	1.8%	1.6%
Energy	1.7%	3.3%
Utilities	1.2%	2.0%

Return for Risk

GPSA.L vs. LGUG.L — Risk / Return Rank

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

GPSA.L

GPSA.L Risk / Return Rank: 75
GPSA.L Sharpe Ratio Rank: 81
GPSA.L Sortino Ratio Rank: 79
GPSA.L Omega Ratio Rank: 81
GPSA.L Calmar Ratio Rank: 68
GPSA.L Martin Ratio Rank: 64

LGUG.L

LGUG.L Risk / Return Rank: 78
LGUG.L Sharpe Ratio Rank: 83
LGUG.L Sortino Ratio Rank: 81
LGUG.L Omega Ratio Rank: 83
LGUG.L Calmar Ratio Rank: 73
LGUG.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.

GPSA.L vs. LGUG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.L) and L&G US Equity UCITS ETF (LGUG.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.

	GPSA.L	LGUG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.66	-0.07
Sortino ratio: Return per unit of downside risk	3.49	3.59	-0.10
Omega ratio: Gain probability vs. loss probability	1.48	1.50	-0.02
Calmar ratio: Return relative to maximum drawdown	3.32	3.60	-0.28
Martin ratio: Return relative to average drawdown	11.67	12.19	-0.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GPSA.L vs. LGUG.L - Sharpe Ratio Comparison

The current GPSA.L Sharpe Ratio is 2.59, which is comparable to the LGUG.L Sharpe Ratio of 2.66. The chart below compares the historical Sharpe Ratios of GPSA.L and LGUG.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.

Sharpe Ratios by Period

	GPSA.L	LGUG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.59	2.66	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	1.03	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	1.20	-0.24

Drawdowns

GPSA.L vs. LGUG.L - Drawdown Comparison

The maximum GPSA.L drawdown since its inception was -23.14%, smaller than the maximum LGUG.L drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for GPSA.L and LGUG.L.

Drawdown Indicators

	GPSA.L	LGUG.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.14%	-24.75%	+1.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-8.01%	-0.94%
Max Drawdown (3Y) Largest decline over 3 years	-22.33%	-21.49%	-0.84%
Max Drawdown (5Y) Largest decline over 5 years	-22.33%	-21.49%	-0.84%
Current Drawdown Current decline from peak	-0.19%	-0.30%	+0.11%
Average Drawdown Average peak-to-trough decline	-4.09%	-3.78%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	2.37%	+0.18%

Volatility

GPSA.L vs. LGUG.L - Volatility Comparison

iShares MSCI USA ESG Screened UCITS ETF USD (Acc) (GPSA.L) and L&G US Equity UCITS ETF (LGUG.L) have volatilities of 2.87% and 2.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GPSA.L	LGUG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	2.89%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	7.86%	7.56%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	11.45%	10.83%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.12%	14.84%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	17.37%	-0.67%

GPSA.L vs. LGUG.L - Expense Ratio Comparison

GPSA.L has a 0.07% expense ratio, which is higher than LGUG.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GPSA.L vs. LGUG.L - Dividend Comparison

Neither GPSA.L nor LGUG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GPSA.L and LGUG.L in my portfolio?

With a correlation of 0.97, GPSA.L and LGUG.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, GPSA.L or LGUG.L?

On fees, LGUG.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, GPSA.L or LGUG.L?

LGUG.L is cheaper with a 0.05% expense ratio, compared with 0.07% for GPSA.L.

What is the main difference between GPSA.L and LGUG.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.07% for GPSA.L and 0.05% for LGUG.L.