IGDA.L vs. LGGL.L

Last updated Jun 25, 2026

IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - IGDA.L tracks the Dow Jones Islamic Market Developed Markets Index while LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 3 years, IGDA.L returned 19.67%/yr vs 19.89%/yr for LGGL.L. Their correlation of 0.95 suggests significant overlap in exposure. IGDA.L charges 0.40%/yr vs 0.10%/yr for LGGL.L.

Performance

IGDA.L vs. LGGL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) and L&G Global Equity UCITS ETF (LGGL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGDA.L achieves a 11.69% return, which is significantly higher than LGGL.L's 8.05% return.

IGDA.L

• 1D: 0.49%
• 1M: -0.71%
• YTD: 11.69%
• 6M: 11.40%
• 1Y: 28.90%
• 3Y*: 19.67%
• 5Y*: —
• 10Y*: —

LGGL.L

• 1D: 0.34%
• 1M: -0.67%
• YTD: 8.05%
• 6M: 7.84%
• 1Y: 22.62%
• 3Y*: 19.89%
• 5Y*: 11.42%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc	11.69%	18.76%	17.94%	29.70%	-20.97%
LGGL.L L&G Global Equity UCITS ETF	8.05%	21.18%	19.20%	25.02%	-16.95%

Correlation

The correlation between IGDA.L and LGGL.L is 0.93, 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	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022	0.95

The correlation between IGDA.L and LGGL.L has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

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

Sectors	IGDA.L	LGGL.L
Technology	45.3%	31.5%
Healthcare	10.7%	8.6%
Consumer Cyclical	10.4%	9.4%
Industrials	9.9%	10.5%
Communication Services	8.8%	9.2%
Basic Materials	4.5%	3.2%
Consumer Defensive	4.2%	4.9%
Energy	3.1%	3.6%
Financial Services	1.9%	15.2%
Real Estate	0.9%	1.7%
Utilities	0.2%	2.3%

Return for Risk

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

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

IGDA.L

IGDA.L Risk / Return Rank: 68
IGDA.L Sharpe Ratio Rank: 69
IGDA.L Sortino Ratio Rank: 71
IGDA.L Omega Ratio Rank: 65
IGDA.L Calmar Ratio Rank: 66
IGDA.L Martin Ratio Rank: 71

LGGL.L

LGGL.L Risk / Return Rank: 67
LGGL.L Sharpe Ratio Rank: 66
LGGL.L Sortino Ratio Rank: 72
LGGL.L Omega Ratio Rank: 66
LGGL.L Calmar Ratio Rank: 63
LGGL.L Martin Ratio Rank: 70

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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.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.

	IGDA.L	LGGL.L	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.85	+0.13
Sortino ratio: Return per unit of downside risk	2.85	2.81	+0.04
Omega ratio: Gain probability vs. loss probability	1.35	1.34	+0.01
Calmar ratio: Return relative to maximum drawdown	2.97	2.67	+0.29
Martin ratio: Return relative to average drawdown	11.90	11.15	+0.75

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

The current IGDA.L Sharpe Ratio is 1.98, which is comparable to the LGGL.L Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of IGDA.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.

Drawdowns

IGDA.L vs. LGGL.L - Drawdown Comparison

The maximum IGDA.L drawdown since its inception was -27.14%, smaller than the maximum LGGL.L drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for IGDA.L and LGGL.L.

Drawdown Indicators

	IGDA.L	LGGL.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.14%	-33.89%	+6.75%
Max Drawdown (1Y) Largest decline over 1 year	-9.69%	-8.42%	-1.27%
Max Drawdown (3Y) Largest decline over 3 years	-20.14%	-17.79%	-2.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.76%	—
Current Drawdown Current decline from peak	-4.05%	-2.12%	-1.93%
Average Drawdown Average peak-to-trough decline	-7.01%	-4.94%	-2.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.42%	2.02%	+0.40%

Volatility

IGDA.L vs. LGGL.L - Volatility Comparison

Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a higher volatility of 4.98% compared to L&G Global Equity UCITS ETF (LGGL.L) at 3.84%. This indicates that IGDA.L's price experiences larger fluctuations and is considered to be riskier than LGGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGDA.L	LGGL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	3.84%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	11.56%	9.72%	+1.84%
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	12.26%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	15.64%	+2.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.72%	17.15%	+0.57%

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

IGDA.L has a 0.40% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.

Dividends

IGDA.L vs. LGGL.L - Dividend Comparison

Neither IGDA.L nor LGGL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IGDA.L and LGGL.L in my portfolio?

With a correlation of 0.93, IGDA.L and LGGL.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, IGDA.L or LGGL.L?

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.

Which ETF is cheaper, IGDA.L or LGGL.L?

LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.40% for IGDA.L.

What is the main difference between IGDA.L and LGGL.L?

IGDA.L tracks Dow Jones Islamic Market Developed Markets Index, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. They also come from different issuers: Invesco and L&G. Their fees differ too: 0.40% for IGDA.L and 0.10% for LGGL.L.