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IWRD.L vs. LGGG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWRD.L vs. LGGG.L

Last updated Jul 22, 2026
Documentation

IWRD.L (iShares MSCI World UCITS) and LGGG.L (L&G Global Equity UCITS ETF) are both Global Equities funds tracking the MSCI ACWI NR USD, from iShares and Legal & General respectively. Both are passively managed. Over the past 5 years, IWRD.L returned 11.68%/yr vs 12.16%/yr for LGGG.L. With a 0.98 correlation, they move nearly in lockstep. IWRD.L charges 0.50%/yr vs 0.10%/yr for LGGG.L.

Performance

IWRD.L vs. LGGG.L - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with IWRD.L having a 9.97% return and LGGG.L slightly higher at 10.12%.

IWRD.L

1D
0.65%
1M
-0.91%
6M
9.57%
YTD
9.97%
1Y
20.53%
3Y*
16.49%
5Y*
11.68%
10Y*
12.32%
ALL TIME*
10.27%

LGGG.L

1D
0.69%
1M
-0.95%
6M
9.77%
YTD
10.12%
1Y
21.03%
3Y*
17.05%
5Y*
12.16%
10Y*
—
ALL TIME*
9.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWRD.L vs. LGGG.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
IWRD.L
iShares MSCI World UCITS		9.97%12.34%20.62%17.33%-8.62%23.21%11.80%22.77%-6.76%
LGGG.L
L&G Global Equity UCITS ETF		10.12%12.92%21.13%18.08%-8.24%23.53%12.41%22.99%-27.80%

Correlation

The correlation between IWRD.L and LGGG.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2018

0.98

The correlation between IWRD.L and LGGG.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

IWRD.L vs. LGGG.L - Sectors Allocation Comparison

Sectors
IWRD.L
LGGG.L

Technology

30.3%
30.6%

Financial Services

16.3%
16.5%

Industrials

11.1%
10.6%

Healthcare

8.9%
8.9%

Consumer Cyclical

8.8%
9.0%

Communication Services

8.5%
8.9%

Consumer Defensive

4.9%
5.0%

Energy

3.8%
3.6%

Basic Materials

3.1%
3.0%

Utilities

2.5%
2.4%

Real Estate

1.7%
1.7%

Technology

IWRD.L
30.3%
LGGG.L
30.6%

Financial Services

IWRD.L
16.3%
LGGG.L
16.5%

Industrials

IWRD.L
11.1%
LGGG.L
10.6%

Healthcare

IWRD.L
8.9%
LGGG.L
8.9%

Consumer Cyclical

IWRD.L
8.8%
LGGG.L
9.0%

Communication Services

IWRD.L
8.5%
LGGG.L
8.9%

Consumer Defensive

IWRD.L
4.9%
LGGG.L
5.0%

Energy

IWRD.L
3.8%
LGGG.L
3.6%

Basic Materials

IWRD.L
3.1%
LGGG.L
3.0%

Utilities

IWRD.L
2.5%
LGGG.L
2.4%

Real Estate

IWRD.L
1.7%
LGGG.L
1.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World UCITS

L&G Global Equity UCITS ETF

Often compared with IWRD.L:
IWRD.L vs. VWRL.LIWRD.L vs. SWRD.ASIWRD.L vs. URTHIWRD.L vs. HMWO.LIWRD.L vs. ACNIWRD.L vs. VTIWRD.L vs. DEM.L
Often compared with LGGG.L:
LGGG.L vs. VWRP.LLGGG.L vs. SWLD.LLGGG.L vs. VEVE.LLGGG.L vs. SWDA.LLGGG.L vs. FUQIXLGGG.L vs. VFEM.LLGGG.L vs. VUSA.L

Return for Risk

IWRD.L vs. LGGG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWRD.L
IWRD.L Risk / Return Rank: 8181
Overall Rank
IWRD.L Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
IWRD.L Sortino Ratio Rank: 7979
Sortino Ratio Rank
IWRD.L Omega Ratio Rank: 8181
Omega Ratio Rank
IWRD.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
IWRD.L Martin Ratio Rank: 8383
Martin Ratio Rank
LGGG.L
LGGG.L Risk / Return Rank: 8282
Overall Rank
LGGG.L Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
LGGG.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
LGGG.L Omega Ratio Rank: 8282
Omega Ratio Rank
LGGG.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
LGGG.L Martin Ratio Rank: 8383
Martin Ratio Rank
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.

IWRD.L vs. LGGG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS (IWRD.L) and L&G Global Equity UCITS ETF (LGGG.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.

IWRD.LLGGG.LDifference
Sharpe ratioReturn per unit of total volatility
1.93
1.99

-0.05

Sortino ratioReturn per unit of downside risk
2.70
2.78

-0.09

Omega ratioGain probability vs. loss probability

1.36

1.37

-0.01

Calmar ratioReturn relative to maximum drawdown

3.11

3.14

-0.02

Martin ratioReturn relative to average drawdown

11.95

12.11

-0.16

IWRD.L vs. LGGG.L - Sharpe Ratio Comparison

The current IWRD.L Sharpe Ratio is 1.93, which is comparable to the LGGG.L Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of IWRD.L and LGGG.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.

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Drawdowns

IWRD.L vs. LGGG.L - Drawdown Comparison

The maximum IWRD.L drawdown since its inception was -66.71%, which is greater than LGGG.L's maximum drawdown of -30.19%. Use the drawdown chart below to compare losses from any high point for IWRD.L and LGGG.L.

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Drawdown Indicators

IWRD.LLGGG.LDifference

Max Drawdown

Largest peak-to-trough decline

-66.71%

-30.19%

-36.52%

Max Drawdown (1Y)

Largest decline over 1 year

-6.57%

-6.67%

+0.10%

Max Drawdown (3Y)

Largest decline over 3 years

-18.93%

-19.95%

+1.02%

Max Drawdown (5Y)

Largest decline over 5 years

-18.93%

-19.95%

+1.02%

Max Drawdown (10Y)

Largest decline over 10 years

-25.30%

—

—

Current Drawdown

Current decline from peak

-0.91%

-0.95%

+0.04%

Average Drawdown

Average peak-to-trough decline

-17.25%

-7.12%

-10.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.71%

1.73%

-0.02%

Volatility

IWRD.L vs. LGGG.L - Volatility Comparison

iShares MSCI World UCITS (IWRD.L) and L&G Global Equity UCITS ETF (LGGG.L) have volatilities of 2.78% and 2.85%, 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

IWRD.LLGGG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.78%

2.85%

-0.07%

Volatility (6M)

Calculated over the trailing 6-month period

7.69%

7.77%

-0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

10.57%

10.55%

+0.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.30%

19.11%

-5.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.44%

20.29%

-5.85%

IWRD.L vs. LGGG.L - Expense Ratio Comparison

IWRD.L has a 0.50% expense ratio, which is higher than LGGG.L's 0.10% expense ratio.

Dividends

IWRD.L vs. LGGG.L - Dividend Comparison

IWRD.L's dividend yield for the trailing twelve months is around 0.88%, while LGGG.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IWRD.L
iShares MSCI World UCITS		0.88%0.93%1.06%1.31%1.44%1.03%1.21%1.66%1.81%1.64%1.61%1.78%
LGGG.L
L&G Global Equity UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.99, IWRD.L and LGGG.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, LGGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

LGGG.L is cheaper with a 0.10% expense ratio, compared with 0.50% for IWRD.L.

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.50% for IWRD.L and 0.10% for LGGG.L.

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