LDGG.L vs. SPY

Last updated Jun 5, 2026

LDGG.L (L&G Global Quality Dividends UCITS ETF USD (Dist)) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - LDGG.L is a Global Equity Income fund tracking the FTSE Developed All Cap Dividend Growth with Quality Net Tax Index, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. At a 0.24 correlation, their price movements are largely independent. LDGG.L charges 0.31%/yr vs 0.09%/yr for SPY.

Performance

LDGG.L vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Global Quality Dividends UCITS ETF USD (Dist) (LDGG.L) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

LDGG.L

• 1D: -0.05%
• 1M: 3.04%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPY

• 1D: 0.38%
• 1M: 5.56%
• YTD: 11.78%
• 6M: 10.48%
• 1Y: 29.74%
• 3Y*: 19.51%
• 5Y*: 15.14%
• 10Y*: 16.34%

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

LDGG.L vs. SPY - Yearly Performance Comparison

	2026 (YTD)
LDGG.L L&G Global Quality Dividends UCITS ETF USD (Dist)	9.22%
SPY State Street SPDR S&P 500 ETF	12.23%

Correlation

The correlation between LDGG.L and SPY is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 21, 2026	0.24

Return for Risk

LDGG.L vs. SPY — Risk / Return Rank

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

SPY

SPY Risk / Return Rank: 74
SPY Sharpe Ratio Rank: 76
SPY Sortino Ratio Rank: 74
SPY Omega Ratio Rank: 75
SPY Calmar Ratio Rank: 66
SPY Martin Ratio Rank: 78

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.

LDGG.L vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Global Quality Dividends UCITS ETF USD (Dist) (LDGG.L) and State Street SPDR S&P 500 ETF (SPY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	LDGG.L	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.61	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.43	0.69	+1.73

Drawdowns

LDGG.L vs. SPY - Drawdown Comparison

The maximum LDGG.L drawdown since its inception was -8.72%, smaller than the maximum SPY drawdown of -34.68%. Use the drawdown chart below to compare losses from any high point for LDGG.L and SPY.

Drawdown Indicators

	LDGG.L	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-8.72%	-34.68%	+25.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.94%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.78%	—
Current Drawdown Current decline from peak	-0.70%	0.00%	-0.70%
Average Drawdown Average peak-to-trough decline	-2.58%	-4.78%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.01%	—

Volatility

Volatility by Period

	LDGG.L	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.47%	11.48%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.47%	16.02%	-4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.47%	18.02%	-6.55%

LDGG.L vs. SPY - Expense Ratio Comparison

LDGG.L has a 0.31% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

LDGG.L vs. SPY - Dividend Comparison

LDGG.L's dividend yield for the trailing twelve months is around 1.75%, more than SPY's 0.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LDGG.L L&G Global Quality Dividends UCITS ETF USD (Dist)	1.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	0.98%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both LDGG.L and SPY in my portfolio?

LDGG.L and SPY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDGG.L or SPY?

On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LDGG.L or SPY?

SPY is cheaper with a 0.09% expense ratio, compared with 0.31% for LDGG.L.

What is the main difference between LDGG.L and SPY?

LDGG.L is categorized as Global Equity Income, while SPY is S&P 500. LDGG.L tracks FTSE Developed All Cap Dividend Growth with Quality Net Tax Index, while SPY tracks S&P 500 Index. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.31% for LDGG.L and 0.09% for SPY.