LDAG.L vs. ASDV.L

Last updated Jun 6, 2026

LDAG.L (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) and ASDV.L (SPDR S&P Pan Asia Dividend Aristocrats UCITS) are both Asia Pacific Equities funds - LDAG.L tracks the MSCI AC Asia Pac Ex JPN NR USD while ASDV.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 5 years, LDAG.L returned 9.80%/yr vs 5.18%/yr for ASDV.L. A 0.64 correlation means they provide meaningful diversification when combined. LDAG.L charges 0.40%/yr vs 0.55%/yr for ASDV.L.

Performance

LDAG.L vs. ASDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) and SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LDAG.L is traded in GBp, while ASDV.L is traded in USD. To make them comparable, the ASDV.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, LDAG.L achieves a 15.11% return, which is significantly higher than ASDV.L's 3.44% return.

LDAG.L

• 1D: -0.73%
• 1M: -1.66%
• YTD: 15.11%
• 6M: 13.86%
• 1Y: 35.10%
• 3Y*: 17.40%
• 5Y*: 9.80%
• 10Y*: —

ASDV.L

• 1D: -0.30%
• 1M: -1.03%
• YTD: 3.44%
• 6M: 1.32%
• 1Y: 13.20%
• 3Y*: 10.14%
• 5Y*: 5.18%
• 10Y*: 7.38%

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

LDAG.L vs. ASDV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LDAG.L L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	15.11%	26.42%	5.50%	3.28%	1.73%	-25.94%
ASDV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS	3.44%	14.48%	6.68%	9.70%	-5.58%	-1.86%

Correlation

The correlation between LDAG.L and ASDV.L is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (All Time) Calculated using the full available price history since Apr 13, 2021	0.64

The correlation between LDAG.L and ASDV.L shifts across timeframes, from 0.51 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

LDAG.L vs. ASDV.L - Sectors Allocation Comparison

Sectors	LDAG.L	ASDV.L
Financial Services	34.9%	33.0%
Industrials	12.3%	7.3%
Utilities	11.6%	14.9%
Consumer Cyclical	11.1%	6.7%
Consumer Defensive	7.1%	9.2%
Technology	6.5%	6.7%
Basic Materials	5.8%	2.8%
Communication Services	4.3%	6.2%
Energy	3.7%	-
Healthcare	2.8%	8.7%
Real Estate	0.3%	4.6%

Return for Risk

LDAG.L vs. ASDV.L — Risk / Return Rank

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

LDAG.L

LDAG.L Risk / Return Rank: 77
LDAG.L Sharpe Ratio Rank: 85
LDAG.L Sortino Ratio Rank: 82
LDAG.L Omega Ratio Rank: 80
LDAG.L Calmar Ratio Rank: 77
LDAG.L Martin Ratio Rank: 60

ASDV.L

ASDV.L Risk / Return Rank: 30
ASDV.L Sharpe Ratio Rank: 30
ASDV.L Sortino Ratio Rank: 29
ASDV.L Omega Ratio Rank: 28
ASDV.L Calmar Ratio Rank: 33
ASDV.L Martin Ratio Rank: 30

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.

LDAG.L vs. ASDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) and SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.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.

	LDAG.L	ASDV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.56	1.22	+1.33
Sortino ratio: Return per unit of downside risk	3.39	1.71	+1.68
Omega ratio: Gain probability vs. loss probability	1.44	1.22	+0.22
Calmar ratio: Return relative to maximum drawdown	3.65	1.97	+1.68
Martin ratio: Return relative to average drawdown	9.97	4.88	+5.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LDAG.L vs. ASDV.L - Sharpe Ratio Comparison

The current LDAG.L Sharpe Ratio is 2.56, which is higher than the ASDV.L Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of LDAG.L and ASDV.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.

Sharpe Ratios by Period

	LDAG.L	ASDV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.56	1.22	+1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.39	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.41	-0.25

Drawdowns

LDAG.L vs. ASDV.L - Drawdown Comparison

The maximum LDAG.L drawdown since its inception was -33.08%, which is greater than ASDV.L's maximum drawdown of -27.03%. Use the drawdown chart below to compare losses from any high point for LDAG.L and ASDV.L.

Drawdown Indicators

	LDAG.L	ASDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.08%	-27.03%	-6.05%
Max Drawdown (1Y) Largest decline over 1 year	-9.58%	-6.67%	-2.91%
Max Drawdown (3Y) Largest decline over 3 years	-19.89%	-10.42%	-9.47%
Max Drawdown (5Y) Largest decline over 5 years	-19.89%	-20.03%	+0.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.34%	—
Current Drawdown Current decline from peak	-3.71%	-4.62%	+0.91%
Average Drawdown Average peak-to-trough decline	-19.99%	-6.44%	-13.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	2.70%	+0.81%

Volatility

LDAG.L vs. ASDV.L - Volatility Comparison

L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) has a higher volatility of 4.66% compared to SPDR S&P Pan Asia Dividend Aristocrats UCITS (ASDV.L) at 3.25%. This indicates that LDAG.L's price experiences larger fluctuations and is considered to be riskier than ASDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDAG.L	ASDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	3.25%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	10.49%	8.79%	+1.70%
Volatility (1Y) Calculated over the trailing 1-year period	13.69%	10.76%	+2.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.76%	13.28%	+6.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.73%	14.90%	+7.83%

LDAG.L vs. ASDV.L - Expense Ratio Comparison

LDAG.L has a 0.40% expense ratio, which is lower than ASDV.L's 0.55% expense ratio.

Dividends

LDAG.L vs. ASDV.L - Dividend Comparison

LDAG.L's dividend yield for the trailing twelve months is around 3.81%, more than ASDV.L's 2.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASDV.L SPDR S&P Pan Asia Dividend Aristocrats UCITS	2.91%	2.85%	3.11%	2.89%	3.63%	2.98%	2.82%	2.65%	2.52%	1.70%	2.37%	3.24%
LDAG.L L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	3.81%	4.23%	4.75%	5.40%	4.80%	2.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LDAG.L and ASDV.L in my portfolio?

LDAG.L and ASDV.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDAG.L or ASDV.L?

On fees, LDAG.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LDAG.L or ASDV.L?

LDAG.L is cheaper with a 0.40% expense ratio, compared with 0.55% for ASDV.L.

What is the main difference between LDAG.L and ASDV.L?

LDAG.L tracks MSCI AC Asia Pac Ex JPN NR USD, while ASDV.L tracks MSCI AC Asia Pacific NR USD. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.40% for LDAG.L and 0.55% for ASDV.L.