LDGL.L vs. FEQD.L

Last updated Jul 16, 2026

LDGL.L (L&G Global Quality Dividends UCITS ETF USD Distributing) and FEQD.L (Fidelity Europe Quality Income UCITS ETF) are both exchange-traded funds - LDGL.L is a Global Equity Income fund tracking the FTSE Developed All Cap Dividend Growth with Quality Index, while FEQD.L is a Europe Equities fund tracking the MSCI Europe High Div Yld NR EUR. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. LDGL.L charges 0.29%/yr vs 0.30%/yr for FEQD.L.

Performance

LDGL.L vs. FEQD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Global Quality Dividends UCITS ETF USD Distributing (LDGL.L) and Fidelity Europe Quality Income UCITS ETF (FEQD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LDGL.L is traded in USD, while FEQD.L is traded in GBP. To make them comparable, the FEQD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

LDGL.L

• 1D: 0.00%
• 1M: 0.54%
• 6M: 11.10%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FEQD.L

• 1D: 0.54%
• 1M: 0.90%
• 6M: 7.08%
• YTD: 9.58%
• 1Y: 20.18%
• 3Y*: 15.33%
• 5Y*: 7.57%
• 10Y*: —

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

LDGL.L vs. FEQD.L - Yearly Performance Comparison

	2026 (YTD)
LDGL.L L&G Global Quality Dividends UCITS ETF USD Distributing	12.26%
FEQD.L Fidelity Europe Quality Income UCITS ETF	8.07%

Correlation

The correlation between LDGL.L and FEQD.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2026	0.75

Return for Risk

LDGL.L vs. FEQD.L — Risk / Return Rank

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

LDGL.L

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

FEQD.L

FEQD.L Risk / Return Rank: 50
FEQD.L Sharpe Ratio Rank: 52
FEQD.L Sortino Ratio Rank: 51
FEQD.L Omega Ratio Rank: 51
FEQD.L Calmar Ratio Rank: 46
FEQD.L Martin Ratio Rank: 48

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.

LDGL.L vs. FEQD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Global Quality Dividends UCITS ETF USD Distributing (LDGL.L) and Fidelity Europe Quality Income UCITS ETF (FEQD.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.

	LDGL.L	FEQD.L	Difference
Sharpe ratio: Return per unit of total volatility	—	1.35	—
Sortino ratio: Return per unit of downside risk	—	1.97	—
Omega ratio: Gain probability vs. loss probability	—	1.24	—
Calmar ratio: Return relative to maximum drawdown	—	1.80	—
Martin ratio: Return relative to average drawdown	—	6.27	—

Drawdowns

LDGL.L vs. FEQD.L - Drawdown Comparison

The maximum LDGL.L drawdown since its inception was -9.46%, smaller than the maximum FEQD.L drawdown of -37.75%. Use the drawdown chart below to compare losses from any high point for LDGL.L and FEQD.L.

Drawdown Indicators

	LDGL.L	FEQD.L	Difference
Max Drawdown Largest peak-to-trough decline	-9.46%	-37.75%	+28.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.75%	—
Current Drawdown Current decline from peak	0.00%	-0.82%	+0.82%
Average Drawdown Average peak-to-trough decline	-2.37%	-9.60%	+7.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.21%	—

Volatility

Volatility by Period

	LDGL.L	FEQD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.29%	14.95%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.29%	19.40%	-5.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.29%	18.98%	-4.69%

LDGL.L vs. FEQD.L - Expense Ratio Comparison

LDGL.L has a 0.29% expense ratio, which is lower than FEQD.L's 0.30% expense ratio.

Dividends

LDGL.L vs. FEQD.L - Dividend Comparison

LDGL.L's dividend yield for the trailing twelve months is around 1.60%, while FEQD.L has not paid dividends to shareholders.

Position	TTM
FEQD.L Fidelity Europe Quality Income UCITS ETF	0.00%
LDGL.L L&G Global Quality Dividends UCITS ETF USD Distributing	1.60%

Frequently Asked Questions

Can I hold both LDGL.L and FEQD.L in my portfolio?

LDGL.L and FEQD.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDGL.L or FEQD.L?

On fees, LDGL.L is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LDGL.L or FEQD.L?

LDGL.L is cheaper with a 0.29% expense ratio, compared with 0.30% for FEQD.L.

What is the main difference between LDGL.L and FEQD.L?

LDGL.L is categorized as Global Equity Income, while FEQD.L is Europe Equities. LDGL.L tracks FTSE Developed All Cap Dividend Growth with Quality Index, while FEQD.L tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: L&G and FIL Investment Management (Luxembourg) S.A., Irela. Their fees differ too: 0.29% for LDGL.L and 0.30% for FEQD.L.