LDEM.L vs. LDME.L
LDEM.L (L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis) and LDME.L (L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis) are both Emerging Markets Equities funds from L&G tracking the L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis. Both are passively managed. Over the past 5 years, LDEM.L returned 9.59%/yr vs 9.67%/yr for LDME.L. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.45% expense ratio.
Performance
LDEM.L vs. LDME.L - Performance Comparison
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Different Trading Currencies
LDEM.L is traded in USD, while LDME.L is traded in GBp. To make them comparable, the LDME.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LDEM.L achieves a 11.68% return, which is significantly lower than LDME.L's 13.68% return.
LDEM.L
- 1D
- -1.32%
- 1M
- -4.20%
- 6M
- 8.15%
- YTD
- 11.68%
- 1Y
- 23.20%
- 3Y*
- 17.43%
- 5Y*
- 9.59%
- 10Y*
- —
LDME.L
- 1D
- 0.00%
- 1M
- -2.20%
- 6M
- 10.22%
- YTD
- 13.68%
- 1Y
- 24.26%
- 3Y*
- 17.83%
- 5Y*
- 9.67%
- 10Y*
- —
LDEM.L vs. LDME.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDEM.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 11.68% | 25.93% | 9.54% | 17.25% | -11.95% | 0.39% |
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 13.68% | 25.33% | 9.47% | 16.47% | -12.78% | 7,213.16% |
Correlation
The correlation between LDEM.L and LDME.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.89 |
The correlation between LDEM.L and LDME.L has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.
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Return for Risk
LDEM.L vs. LDME.L — Risk / Return Rank
LDEM.L
LDME.L
LDEM.L vs. LDME.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDEM.L) and L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.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.
| LDEM.L | LDME.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.05 | -0.38 |
| Martin ratioReturn relative to average drawdown | 8.52 | 9.77 | -1.25 |
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Drawdowns
LDEM.L vs. LDME.L - Drawdown Comparison
The maximum LDEM.L drawdown since its inception was -25.82%, roughly equal to the maximum LDME.L drawdown of -26.64%. Use the drawdown chart below to compare losses from any high point for LDEM.L and LDME.L.
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Drawdown Indicators
| LDEM.L | LDME.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.82% | -26.64% | +0.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.70% | -8.18% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.16% | -17.19% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -25.82% | -26.64% | +0.82% |
Current DrawdownCurrent decline from peak | -4.73% | -2.32% | -2.41% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -6.40% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.56% | +0.17% |
Volatility
LDEM.L vs. LDME.L - Volatility Comparison
L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDEM.L) has a higher volatility of 4.70% compared to L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.L) at 4.44%. This indicates that LDEM.L's price experiences larger fluctuations and is considered to be riskier than LDME.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LDEM.L | LDME.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 4.44% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.94% | 11.31% | +0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 13.65% | +0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.53% | 14.71% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.52% | 3,207.10% | -3,192.58% |
LDEM.L vs. LDME.L - Expense Ratio Comparison
Both LDEM.L and LDME.L have an expense ratio of 0.45%.
Dividends
LDEM.L vs. LDME.L - Dividend Comparison
LDEM.L's dividend yield for the trailing twelve months is around 3.35%, more than LDME.L's 2.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LDEM.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 3.35% | 3.59% | 3.85% | 3.74% | 5.33% | 1.41% |
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 2.85% | 3.04% | 3.67% | 3.56% | 4.57% | 1.55% |
Frequently Asked Questions
LDEM.L and LDME.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.45% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LDEM.L and LDME.L have the same expense ratio: 0.45% per year.
Both ETFs track L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis.
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