LDAP.L vs. LGGL.L

Last updated Jul 16, 2026

LDAP.L (L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis) and LGGL.L (L&G Global Equity UCITS ETF) are both exchange-traded funds - LDAP.L is a Japan Equities fund tracking the L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis, while LGGL.L is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, LDAP.L returned 9.64%/yr vs 11.81%/yr for LGGL.L. A 0.71 correlation means they provide meaningful diversification when combined. LDAP.L charges 0.40%/yr vs 0.10%/yr for LGGL.L.

Performance

LDAP.L vs. LGGL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.L) and L&G Global Equity UCITS ETF (LGGL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LDAP.L achieves a 17.12% return, which is significantly higher than LGGL.L's 10.31% return.

LDAP.L

• 1D: 1.71%
• 1M: -1.56%
• 6M: 15.58%
• YTD: 17.12%
• 1Y: 24.38%
• 3Y*: 20.08%
• 5Y*: 9.64%
• 10Y*: —

LGGL.L

• 1D: 0.04%
• 1M: 0.18%
• 6M: 9.21%
• YTD: 10.31%
• 1Y: 22.17%
• 3Y*: 19.11%
• 5Y*: 11.81%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis	17.12%	35.59%	3.81%	9.13%	-8.93%	-99.00%
LGGL.L L&G Global Equity UCITS ETF	10.31%	21.18%	19.20%	25.02%	-18.03%	12.38%

Correlation

The correlation between LDAP.L and LGGL.L is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Apr 12, 2021	0.71

The correlation between LDAP.L and LGGL.L has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.

Return for Risk

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

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

LDAP.L

LDAP.L Risk / Return Rank: 55
LDAP.L Sharpe Ratio Rank: 58
LDAP.L Sortino Ratio Rank: 58
LDAP.L Omega Ratio Rank: 54
LDAP.L Calmar Ratio Rank: 57
LDAP.L Martin Ratio Rank: 46

LGGL.L

LGGL.L Risk / Return Rank: 70
LGGL.L Sharpe Ratio Rank: 68
LGGL.L Sortino Ratio Rank: 76
LGGL.L Omega Ratio Rank: 68
LGGL.L Calmar Ratio Rank: 65
LGGL.L Martin Ratio Rank: 73

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.

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

This table presents a comparison of risk-adjusted performance metrics for L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.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.

	LDAP.L	LGGL.L	Difference
Sharpe ratio: Return per unit of total volatility	1.58	1.80	-0.21
Sortino ratio: Return per unit of downside risk	2.23	2.73	-0.50
Omega ratio: Gain probability vs. loss probability	1.28	1.33	-0.05
Calmar ratio: Return relative to maximum drawdown	2.31	2.62	-0.31
Martin ratio: Return relative to average drawdown	6.22	10.81	-4.59

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

The current LDAP.L Sharpe Ratio is 1.58, which is comparable to the LGGL.L Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of LDAP.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

LDAP.L vs. LGGL.L - Drawdown Comparison

The maximum LDAP.L drawdown since its inception was -99.33%, which is greater than LGGL.L's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for LDAP.L and LGGL.L.

Drawdown Indicators

	LDAP.L	LGGL.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.33%	-33.89%	-65.44%
Max Drawdown (1Y) Largest decline over 1 year	-10.85%	-8.42%	-2.43%
Max Drawdown (3Y) Largest decline over 3 years	-24.47%	-17.79%	-6.68%
Max Drawdown (5Y) Largest decline over 5 years	-34.61%	-25.76%	-8.85%
Current Drawdown Current decline from peak	-98.38%	-0.07%	-98.31%
Average Drawdown Average peak-to-trough decline	-98.71%	-4.91%	-93.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	2.05%	+1.99%

Volatility

LDAP.L vs. LGGL.L - Volatility Comparison

L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis (LDAP.L) has a higher volatility of 4.91% compared to L&G Global Equity UCITS ETF (LGGL.L) at 2.85%. This indicates that LDAP.L's price experiences larger fluctuations and is considered to be riskier than LGGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LDAP.L	LGGL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	2.85%	+2.06%
Volatility (6M) Calculated over the trailing 6-month period	13.37%	9.86%	+3.51%
Volatility (1Y) Calculated over the trailing 1-year period	15.84%	12.27%	+3.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.07%	15.65%	+12.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.15%	17.10%	+34.05%

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

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

Dividends

LDAP.L vs. LGGL.L - Dividend Comparison

LDAP.L's dividend yield for the trailing twelve months is around 3.83%, while LGGL.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
LDAP.L L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis	3.83%	4.23%	4.86%	5.25%	4.92%	2.23%
LGGL.L L&G Global Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

LDAP.L and LGGL.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDAP.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, LDAP.L or LGGL.L?

LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.40% for LDAP.L.

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

LDAP.L is categorized as Japan Equities, while LGGL.L is Global Equities. LDAP.L tracks L&G APAC ex-Japan Quality Dividends Equal Weight ETF USD Dis, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Their fees differ too: 0.40% for LDAP.L and 0.10% for LGGL.L.