IWDE.L vs. LGGL.L

Last updated Jul 17, 2026

IWDE.L (iShares MSCI World EUR Hedged UCITS ETF (Acc)) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - IWDE.L tracks the MSCI World 100% Hedged to EUR Index while LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, IWDE.L returned 10.22%/yr vs 12.50%/yr for LGGL.L. Their correlation of 0.88 suggests significant overlap in exposure. IWDE.L charges 0.55%/yr vs 0.10%/yr for LGGL.L.

Performance

IWDE.L vs. LGGL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) and L&G Global Equity UCITS ETF (LGGL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

IWDE.L is traded in EUR, while LGGL.L is traded in USD. To make them comparable, the LGGL.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWDE.L achieves a 9.63% return, which is significantly lower than LGGL.L's 13.17% return.

IWDE.L

• 1D: 0.02%
• 1M: 0.51%
• 6M: 7.50%
• YTD: 9.63%
• 1Y: 21.01%
• 3Y*: 17.17%
• 5Y*: 10.22%
• 10Y*: 11.07%

LGGL.L

• 1D: 0.11%
• 1M: 1.71%
• 6M: 9.82%
• YTD: 13.17%
• 1Y: 24.68%
• 3Y*: 18.41%
• 5Y*: 12.50%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IWDE.L iShares MSCI World EUR Hedged UCITS ETF (Acc)	9.63%	16.39%	19.76%	21.13%	-18.36%	23.42%	11.49%	23.65%	-9.61%
LGGL.L L&G Global Equity UCITS ETF	13.17%	6.80%	27.07%	21.27%	-12.95%	31.06%	6.76%	29.84%	-8.77%

Correlation

The correlation between IWDE.L and LGGL.L is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.88

The correlation between IWDE.L and LGGL.L has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

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

Sectors	IWDE.L	LGGL.L
Technology	30.5%	31.5%
Financial Services	15.7%	15.2%
Industrials	10.9%	10.5%
Healthcare	9.1%	8.6%
Consumer Cyclical	8.8%	9.4%
Communication Services	8.0%	9.2%
Consumer Defensive	4.9%	4.9%
Energy	3.6%	3.6%
Basic Materials	3.2%	3.2%
Utilities	2.8%	2.3%
Real Estate	1.7%	1.7%

Return for Risk

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

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

IWDE.L

IWDE.L Risk / Return Rank: 71
IWDE.L Sharpe Ratio Rank: 69
IWDE.L Sortino Ratio Rank: 73
IWDE.L Omega Ratio Rank: 70
IWDE.L Calmar Ratio Rank: 67
IWDE.L Martin Ratio Rank: 76

LGGL.L

LGGL.L Risk / Return Rank: 72
LGGL.L Sharpe Ratio Rank: 72
LGGL.L Sortino Ratio Rank: 77
LGGL.L Omega Ratio Rank: 71
LGGL.L Calmar Ratio Rank: 67
LGGL.L Martin Ratio Rank: 75

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.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.

	IWDE.L	LGGL.L	Difference
Sharpe ratio: Return per unit of total volatility	1.79	1.99	-0.20
Sortino ratio: Return per unit of downside risk	2.65	2.83	-0.18
Omega ratio: Gain probability vs. loss probability	1.33	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	2.68	3.71	-1.04
Martin ratio: Return relative to average drawdown	11.18	13.60	-2.42

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

The current IWDE.L Sharpe Ratio is 1.79, which is comparable to the LGGL.L Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of IWDE.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

IWDE.L vs. LGGL.L - Drawdown Comparison

The maximum IWDE.L drawdown since its inception was -33.32%, roughly equal to the maximum LGGL.L drawdown of -33.39%. Use the drawdown chart below to compare losses from any high point for IWDE.L and LGGL.L.

Drawdown Indicators

	IWDE.L	LGGL.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.32%	-33.39%	+0.07%
Max Drawdown (1Y) Largest decline over 1 year	-7.82%	-6.62%	-1.20%
Max Drawdown (3Y) Largest decline over 3 years	-17.50%	-21.53%	+4.03%
Max Drawdown (5Y) Largest decline over 5 years	-23.72%	-21.53%	-2.19%
Max Drawdown (10Y) Largest decline over 10 years	-33.32%	—	—
Current Drawdown Current decline from peak	0.00%	-0.24%	+0.24%
Average Drawdown Average peak-to-trough decline	-4.50%	-4.37%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	1.81%	+0.07%

Volatility

IWDE.L vs. LGGL.L - Volatility Comparison

iShares MSCI World EUR Hedged UCITS ETF (Acc) (IWDE.L) and L&G Global Equity UCITS ETF (LGGL.L) have volatilities of 2.67% and 2.81%, 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

	IWDE.L	LGGL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.67%	2.81%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	9.18%	9.46%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.69%	12.36%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.91%	15.06%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.26%	16.78%	-1.52%

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

IWDE.L has a 0.55% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.

Dividends

IWDE.L vs. LGGL.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

IWDE.L and LGGL.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWDE.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, IWDE.L or LGGL.L?

LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.55% for IWDE.L.

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

IWDE.L tracks MSCI World 100% Hedged to EUR Index, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. They also come from different issuers: iShares and L&G. Their fees differ too: 0.55% for IWDE.L and 0.10% for LGGL.L.