LDAG.L vs. LGAG.L

Last updated Jun 5, 2026

LDAG.L (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) and LGAG.L (L&G Asia Pacific ex Japan Equity UCITS ETF) are both Asia Pacific Equities funds from Legal & General - LDAG.L tracks the MSCI AC Asia Pac Ex JPN NR USD while LGAG.L tracks the MSCI Pacific Ex Japan NR USD. Both are passively managed. Over the past 5 years, LDAG.L returned 9.96%/yr vs 5.68%/yr for LGAG.L. A 0.78 correlation means they provide meaningful diversification when combined. LDAG.L charges 0.40%/yr vs 0.10%/yr for LGAG.L.

Performance

LDAG.L vs. LGAG.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 L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDAG.L achieves a 15.96% return, which is significantly higher than LGAG.L's 8.78% return.

LDAG.L

• 1D: -1.55%
• 1M: -0.93%
• YTD: 15.96%
• 6M: 14.69%
• 1Y: 36.09%
• 3Y*: 17.83%
• 5Y*: 9.96%
• 10Y*: —

LGAG.L

• 1D: -0.69%
• 1M: -2.02%
• YTD: 8.78%
• 6M: 8.92%
• 1Y: 16.76%
• 3Y*: 10.29%
• 5Y*: 5.68%
• 10Y*: —

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

LDAG.L vs. LGAG.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	15.96%	26.41%	5.50%	3.28%	1.73%	-0.75%
LGAG.L L&G Asia Pacific ex Japan Equity UCITS ETF	8.78%	12.56%	6.20%	-0.81%	5.61%	-3.43%

Correlation

The correlation between LDAG.L and LGAG.L is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021	0.78

The correlation between LDAG.L and LGAG.L has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.

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

Sectors	LDAG.L	LGAG.L
Financial Services	34.9%	41.2%
Industrials	12.3%	9.2%
Utilities	11.6%	2.7%
Consumer Cyclical	11.1%	6.4%
Consumer Defensive	7.1%	3.1%
Technology	6.5%	1.9%
Basic Materials	5.8%	16.4%
Communication Services	4.3%	3.7%
Energy	3.7%	3.1%
Healthcare	2.8%	3.9%
Real Estate	0.3%	8.6%

Return for Risk

LDAG.L vs. LGAG.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: 84
LDAG.L Sortino Ratio Rank: 81
LDAG.L Omega Ratio Rank: 80
LDAG.L Calmar Ratio Rank: 77
LDAG.L Martin Ratio Rank: 61

LGAG.L

LGAG.L Risk / Return Rank: 46
LGAG.L Sharpe Ratio Rank: 45
LGAG.L Sortino Ratio Rank: 47
LGAG.L Omega Ratio Rank: 44
LGAG.L Calmar Ratio Rank: 49
LGAG.L Martin Ratio Rank: 44

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. LGAG.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 L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.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	LGAG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.72	1.55	+1.17
Sortino ratio: Return per unit of downside risk	3.57	2.30	+1.27
Omega ratio: Gain probability vs. loss probability	1.47	1.28	+0.19
Calmar ratio: Return relative to maximum drawdown	3.87	2.37	+1.50
Martin ratio: Return relative to average drawdown	10.60	6.97	+3.64
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. LGAG.L - Sharpe Ratio Comparison

The current LDAG.L Sharpe Ratio is 2.72, which is higher than the LGAG.L Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of LDAG.L and LGAG.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	LGAG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.72	1.55	+1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.28	+0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.16	+0.59

Drawdowns

LDAG.L vs. LGAG.L - Drawdown Comparison

The maximum LDAG.L drawdown since its inception was -14.68%, smaller than the maximum LGAG.L drawdown of -35.16%. Use the drawdown chart below to compare losses from any high point for LDAG.L and LGAG.L.

Drawdown Indicators

	LDAG.L	LGAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.68%	-35.16%	+20.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.58%	-7.24%	-2.34%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	-24.83%	+10.15%
Max Drawdown (5Y) Largest decline over 5 years	-14.68%	-24.83%	+10.15%
Current Drawdown Current decline from peak	-3.00%	-3.09%	+0.09%
Average Drawdown Average peak-to-trough decline	-4.33%	-10.11%	+5.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	2.47%	+1.04%

Volatility

LDAG.L vs. LGAG.L - Volatility Comparison

L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LDAG.L) has a higher volatility of 4.72% compared to L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) at 3.98%. This indicates that LDAG.L's price experiences larger fluctuations and is considered to be riskier than LGAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDAG.L	LGAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	3.98%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	10.47%	8.63%	+1.84%
Volatility (1Y) Calculated over the trailing 1-year period	13.75%	11.11%	+2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.90%	20.57%	-7.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.90%	22.27%	-9.37%

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

LDAG.L has a 0.40% expense ratio, which is higher than LGAG.L's 0.10% expense ratio.

Dividends

LDAG.L vs. LGAG.L - Dividend Comparison

LDAG.L's dividend yield for the trailing twelve months is around 3.78%, while LGAG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
LDAG.L L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	3.78%	4.23%	4.75%	5.40%	4.80%	2.19%
LGAG.L L&G Asia Pacific ex Japan Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

LDAG.L and LGAG.L have a correlation of 0.68, 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 LGAG.L?

On fees, LGAG.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, LDAG.L or LGAG.L?

LGAG.L is cheaper with a 0.10% expense ratio, compared with 0.40% for LDAG.L.

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

LDAG.L tracks MSCI AC Asia Pac Ex JPN NR USD, while LGAG.L tracks MSCI Pacific Ex Japan NR USD. Their fees differ too: 0.40% for LDAG.L and 0.10% for LGAG.L.