LDAG.L vs. UB45.L

Last updated Jun 5, 2026

LDAG.L (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) and UB45.L (UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis) are both Asia Pacific Equities funds - LDAG.L tracks the MSCI AC Asia Pac Ex JPN NR USD while UB45.L tracks the MSCI AC Asia Pacific NR USD. Both are passively managed. Over the past 5 years, LDAG.L returned 9.96%/yr vs 5.06%/yr for UB45.L. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.

Performance

LDAG.L vs. UB45.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 UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis (UB45.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 UB45.L's 8.51% 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*: —

UB45.L

• 1D: -0.79%
• 1M: 1.90%
• YTD: 8.51%
• 6M: 8.87%
• 1Y: 16.93%
• 3Y*: 7.81%
• 5Y*: 5.06%
• 10Y*: 7.61%

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

LDAG.L vs. UB45.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%
UB45.L UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis	8.51%	9.37%	4.53%	7.70%	-8.77%	1.69%

Correlation

The correlation between LDAG.L and UB45.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021	0.59

The correlation between LDAG.L and UB45.L shifts across timeframes, from 0.46 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

LDAG.L vs. UB45.L - Sectors Allocation Comparison

Sectors	LDAG.L	UB45.L
Financial Services	34.9%	26.7%
Industrials	12.3%	17.8%
Utilities	11.6%	-
Consumer Cyclical	11.1%	5.9%
Consumer Defensive	7.1%	4.0%
Technology	6.5%	17.7%
Basic Materials	5.8%	7.6%
Communication Services	4.3%	9.4%
Energy	3.7%	-
Healthcare	2.8%	6.7%
Real Estate	0.3%	4.1%

Return for Risk

LDAG.L vs. UB45.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

UB45.L

UB45.L Risk / Return Rank: 31
UB45.L Sharpe Ratio Rank: 29
UB45.L Sortino Ratio Rank: 29
UB45.L Omega Ratio Rank: 29
UB45.L Calmar Ratio Rank: 33
UB45.L Martin Ratio Rank: 35

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. UB45.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 UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis (UB45.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	UB45.L	Difference
Sharpe ratio: Return per unit of total volatility	2.72	1.02	+1.69
Sortino ratio: Return per unit of downside risk	3.57	1.54	+2.04
Omega ratio: Gain probability vs. loss probability	1.47	1.19	+0.28
Calmar ratio: Return relative to maximum drawdown	3.87	1.60	+2.27
Martin ratio: Return relative to average drawdown	10.60	5.30	+5.31
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. UB45.L - Sharpe Ratio Comparison

The current LDAG.L Sharpe Ratio is 2.72, which is higher than the UB45.L Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of LDAG.L and UB45.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	UB45.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.72	1.02	+1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.34	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.56	+0.19

Drawdowns

LDAG.L vs. UB45.L - Drawdown Comparison

The maximum LDAG.L drawdown since its inception was -14.68%, smaller than the maximum UB45.L drawdown of -23.46%. Use the drawdown chart below to compare losses from any high point for LDAG.L and UB45.L.

Drawdown Indicators

	LDAG.L	UB45.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.68%	-23.46%	+8.78%
Max Drawdown (1Y) Largest decline over 1 year	-9.58%	-10.11%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-14.68%	-14.14%	-0.54%
Max Drawdown (5Y) Largest decline over 5 years	-14.68%	-17.65%	+2.97%
Max Drawdown (10Y) Largest decline over 10 years	—	-23.46%	—
Current Drawdown Current decline from peak	-3.00%	-0.79%	-2.21%
Average Drawdown Average peak-to-trough decline	-4.33%	-5.36%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.51%	3.07%	+0.44%

Volatility

LDAG.L vs. UB45.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 UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis (UB45.L) at 3.32%. This indicates that LDAG.L's price experiences larger fluctuations and is considered to be riskier than UB45.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDAG.L	UB45.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	3.32%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	10.47%	12.66%	-2.19%
Volatility (1Y) Calculated over the trailing 1-year period	13.75%	15.87%	-2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.90%	14.68%	-1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.90%	15.99%	-3.09%

LDAG.L vs. UB45.L - Expense Ratio Comparison

Both LDAG.L and UB45.L have an expense ratio of 0.40%.

Dividends

LDAG.L vs. UB45.L - Dividend Comparison

LDAG.L's dividend yield for the trailing twelve months is around 3.78%, more than UB45.L's 1.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UB45.L UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) A-dis	1.43%	1.87%	1.81%	1.88%	2.08%	1.42%	1.73%	2.39%	2.79%	2.48%	2.20%	2.60%

Frequently Asked Questions

Can I hold both LDAG.L and UB45.L in my portfolio?

LDAG.L and UB45.L have a correlation of 0.46, 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 UB45.L?

Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LDAG.L or UB45.L?

LDAG.L and UB45.L have the same expense ratio: 0.40% per year.

What is the main difference between LDAG.L and UB45.L?

LDAG.L tracks MSCI AC Asia Pac Ex JPN NR USD, while UB45.L tracks MSCI AC Asia Pacific NR USD. They also come from different issuers: Legal & General and UBS.