IUQA.L vs. LGUS.L
IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) and LGUS.L (L&G US Equity UCITS ETF USD (Acc)) are both Large Cap Blend Equities funds - IUQA.L tracks the MSCI USA Sector Neutral Quality Index while LGUS.L tracks the Solactive Core United States Large & Mid Cap Index NTR. Both are passively managed. Over the past 5 years, IUQA.L returned 11.21%/yr vs 12.54%/yr for LGUS.L. Their correlation of 0.93 suggests significant overlap in exposure. IUQA.L charges 0.20%/yr vs 0.05%/yr for LGUS.L.
Performance
IUQA.L vs. LGUS.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IUQA.L having a 9.47% return and LGUS.L slightly lower at 9.01%.
IUQA.L
- 1D
- -1.29%
- 1M
- 0.11%
- 6M
- 7.42%
- YTD
- 9.47%
- 1Y
- 19.35%
- 3Y*
- 17.47%
- 5Y*
- 11.21%
- 10Y*
- —
LGUS.L
- 1D
- -1.30%
- 1M
- -0.36%
- 6M
- 8.07%
- YTD
- 9.01%
- 1Y
- 19.79%
- 3Y*
- 19.73%
- 5Y*
- 12.54%
- 10Y*
- —
IUQA.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 9.47% | 12.46% | 22.48% | 30.95% | -20.74% | 27.56% | 16.09% | 33.33% | -11.08% |
LGUS.L L&G US Equity UCITS ETF USD (Acc) | 9.01% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 21.16% | 30.91% | -9.25% |
Correlation
The correlation between IUQA.L and LGUS.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.93 |
The correlation between IUQA.L and LGUS.L has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
IUQA.L vs. LGUS.L — Risk / Return Rank
IUQA.L
LGUS.L
IUQA.L vs. LGUS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) and L&G US Equity UCITS ETF USD (Acc) (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.
| IUQA.L | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.28 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.30 | +0.12 |
| Martin ratioReturn relative to average drawdown | 10.28 | 8.84 | +1.43 |
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Drawdowns
IUQA.L vs. LGUS.L - Drawdown Comparison
The maximum IUQA.L drawdown since its inception was -33.96%, roughly equal to the maximum LGUS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for IUQA.L and LGUS.L.
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Drawdown Indicators
| IUQA.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.96% | -34.26% | +0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -8.58% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -18.03% | -19.46% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -27.77% | -25.64% | -2.13% |
Current DrawdownCurrent decline from peak | -1.29% | -1.69% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -5.49% | -5.29% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.23% | -0.35% |
Volatility
IUQA.L vs. LGUS.L - Volatility Comparison
iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) and L&G US Equity UCITS ETF USD (Acc) (LGUS.L) have volatilities of 3.28% and 3.15%, 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.
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Volatility by Period
| IUQA.L | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.15% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 8.91% | 9.50% | -0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.59% | 12.53% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 16.52% | -0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.74% | 18.10% | +12.64% |
IUQA.L vs. LGUS.L - Expense Ratio Comparison
IUQA.L has a 0.20% expense ratio, which is higher than LGUS.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
IUQA.L vs. LGUS.L - Dividend Comparison
Neither IUQA.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
IUQA.L and LGUS.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.20% for IUQA.L.
IUQA.L tracks MSCI USA Sector Neutral Quality Index, while LGUS.L tracks Solactive Core United States Large & Mid Cap Index NTR. They also come from different issuers: iShares and L&G. Their fees differ too: 0.20% for IUQA.L and 0.05% for LGUS.L.
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