IWQU.L vs. LGGL.L

Last updated Jun 26, 2026

IWQU.L (iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc)) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - IWQU.L tracks the MSCI World Sector Neutral Quality 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, IWQU.L returned 9.83%/yr vs 11.34%/yr for LGGL.L. With a 0.95 correlation, they move nearly in lockstep. IWQU.L charges 0.25%/yr vs 0.10%/yr for LGGL.L.

Performance

IWQU.L vs. LGGL.L - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with IWQU.L having a 7.37% return and LGGL.L slightly higher at 7.69%.

IWQU.L

• 1D: -0.02%
• 1M: -0.59%
• YTD: 7.37%
• 6M: 7.17%
• 1Y: 19.67%
• 3Y*: 17.54%
• 5Y*: 9.83%
• 10Y*: 12.96%

LGGL.L

• 1D: -0.34%
• 1M: -1.40%
• YTD: 7.69%
• 6M: 7.48%
• 1Y: 22.16%
• 3Y*: 19.78%
• 5Y*: 11.34%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IWQU.L iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc)	7.37%	15.28%	17.17%	25.90%	-19.26%	23.70%	14.95%	29.64%	-9.28%
LGGL.L L&G Global Equity UCITS ETF	7.69%	21.18%	19.20%	25.02%	-18.03%	21.94%	16.35%	26.98%	-7.73%

Correlation

The correlation between IWQU.L and LGGL.L is 0.94, 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	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.95

The correlation between IWQU.L and LGGL.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

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

Sectors	IWQU.L	LGGL.L
Technology	31.2%	31.5%
Financial Services	14.7%	15.2%
Industrials	10.3%	10.5%
Communication Services	9.6%	9.2%
Consumer Cyclical	9.2%	9.4%
Healthcare	8.8%	8.6%
Consumer Defensive	4.8%	4.9%
Energy	3.9%	3.6%
Basic Materials	3.4%	3.2%
Utilities	2.5%	2.3%
Real Estate	1.7%	1.7%

Return for Risk

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

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

IWQU.L

IWQU.L Risk / Return Rank: 59
IWQU.L Sharpe Ratio Rank: 58
IWQU.L Sortino Ratio Rank: 66
IWQU.L Omega Ratio Rank: 57
IWQU.L Calmar Ratio Rank: 54
IWQU.L Martin Ratio Rank: 61

LGGL.L

LGGL.L Risk / Return Rank: 64
LGGL.L Sharpe Ratio Rank: 62
LGGL.L Sortino Ratio Rank: 68
LGGL.L Omega Ratio Rank: 61
LGGL.L Calmar Ratio Rank: 60
LGGL.L Martin Ratio Rank: 68

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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) (IWQU.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.

	IWQU.L	LGGL.L	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.81	-0.11
Sortino ratio: Return per unit of downside risk	2.64	2.75	-0.11
Omega ratio: Gain probability vs. loss probability	1.31	1.33	-0.02
Calmar ratio: Return relative to maximum drawdown	2.30	2.62	-0.32
Martin ratio: Return relative to average drawdown	9.47	10.89	-1.42

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

The current IWQU.L Sharpe Ratio is 1.70, which is comparable to the LGGL.L Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of IWQU.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

IWQU.L vs. LGGL.L - Drawdown Comparison

The maximum IWQU.L drawdown since its inception was -33.05%, roughly equal to the maximum LGGL.L drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for IWQU.L and LGGL.L.

Drawdown Indicators

	IWQU.L	LGGL.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.05%	-33.89%	+0.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.53%	-8.42%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-16.09%	-17.79%	+1.70%
Max Drawdown (5Y) Largest decline over 5 years	-27.70%	-25.76%	-1.94%
Max Drawdown (10Y) Largest decline over 10 years	-33.05%	—	—
Current Drawdown Current decline from peak	-2.21%	-2.44%	+0.23%
Average Drawdown Average peak-to-trough decline	-4.57%	-4.94%	+0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.03%	+0.04%

Volatility

IWQU.L vs. LGGL.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Quality Factor UCITS ETF USD (Acc) (IWQU.L) is 3.28%, while L&G Global Equity UCITS ETF (LGGL.L) has a volatility of 3.85%. This indicates that IWQU.L experiences smaller price fluctuations and is considered to be less risky than LGGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IWQU.L	LGGL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.85%	-0.57%
Volatility (6M) Calculated over the trailing 6-month period	9.22%	9.72%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	11.54%	12.18%	-0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	15.64%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.69%	17.14%	-1.45%

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

IWQU.L has a 0.25% expense ratio, which is higher than LGGL.L's 0.10% 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

IWQU.L vs. LGGL.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.94, IWQU.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, IWQU.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, IWQU.L or LGGL.L?

LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.25% for IWQU.L.

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

IWQU.L tracks MSCI World Sector Neutral Quality 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: 0.25% for IWQU.L and 0.10% for LGGL.L.