IGDA.L vs. LGUS.L
IGDA.L (Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - IGDA.L tracks the Dow Jones Islamic Market Developed Markets Index while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 3 years, IGDA.L returned 18.23%/yr vs 20.40%/yr for LGUS.L. Their correlation of 0.94 suggests significant overlap in exposure. IGDA.L charges 0.40%/yr vs 0.05%/yr for LGUS.L.
Performance
IGDA.L vs. LGUS.L - Performance Comparison
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Returns By Period
In the year-to-date period, IGDA.L achieves a 12.26% return, which is significantly higher than LGUS.L's 10.34% return.
IGDA.L
- 1D
- -0.23%
- 1M
- -1.78%
- 6M
- 10.83%
- YTD
- 12.26%
- 1Y
- 25.93%
- 3Y*
- 18.23%
- 5Y*
- —
- 10Y*
- —
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
IGDA.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
IGDA.L Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc | 12.26% | 18.76% | 17.94% | 29.70% | -20.97% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 28.66% | -18.91% |
Correlation
The correlation between IGDA.L and LGUS.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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 2022 | 0.94 |
The correlation between IGDA.L and LGUS.L has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
IGDA.L vs. LGUS.L — Risk / Return Rank
IGDA.L
LGUS.L
IGDA.L vs. LGUS.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 US Equity UCITS ETF (LGUS.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 | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 2.59 | +0.07 |
| Martin ratioReturn relative to average drawdown | 10.04 | 9.99 | +0.06 |
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Drawdowns
IGDA.L vs. LGUS.L - Drawdown Comparison
The maximum IGDA.L drawdown since its inception was -27.14%, smaller than the maximum LGUS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for IGDA.L and LGUS.L.
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Drawdown Indicators
| IGDA.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.14% | -34.26% | +7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -8.58% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -20.14% | -19.46% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.64% | — |
Current DrawdownCurrent decline from peak | -3.55% | -0.49% | -3.06% |
Average DrawdownAverage peak-to-trough decline | -6.96% | -5.30% | -1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.23% | +0.35% |
Volatility
IGDA.L vs. LGUS.L - Volatility Comparison
Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) has a higher volatility of 4.17% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that IGDA.L's price experiences larger fluctuations and is considered to be riskier than LGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGDA.L | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 2.86% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 9.41% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.79% | 12.47% | +2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.67% | 16.51% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 18.10% | -0.43% |
IGDA.L vs. LGUS.L - Expense Ratio Comparison
IGDA.L has a 0.40% expense ratio, which is higher than LGUS.L's 0.05% expense ratio.
Dividends
IGDA.L vs. LGUS.L - Dividend Comparison
Neither IGDA.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, IGDA.L and LGUS.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.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.40% for IGDA.L.
IGDA.L tracks Dow Jones Islamic Market Developed Markets Index, while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: Invesco and L&G. Their fees differ too: 0.40% for IGDA.L and 0.05% for LGUS.L.
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