LDME.L vs. LGGL.L
LDME.L (L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis) and LGGL.L (L&G Global Equity UCITS ETF) are both exchange-traded funds - LDME.L is a Emerging Markets Equities fund tracking the L&G Emerging Markets 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, LDME.L returned 9.82%/yr vs 12.20%/yr for LGGL.L. At a 0.47 correlation, their price movements are largely independent. LDME.L charges 0.45%/yr vs 0.10%/yr for LGGL.L.
Performance
LDME.L vs. LGGL.L - Performance Comparison
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Different Trading Currencies
LDME.L is traded in GBp, while LGGL.L is traded in USD. To make them comparable, the LGGL.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, LDME.L achieves a 11.94% return, which is significantly higher than LGGL.L's 9.86% return.
LDME.L
- 1D
- -0.95%
- 1M
- -4.00%
- 6M
- 8.40%
- YTD
- 11.94%
- 1Y
- 21.67%
- 3Y*
- 16.11%
- 5Y*
- 9.82%
- 10Y*
- —
LGGL.L
- 1D
- -1.00%
- 1M
- -0.70%
- 6M
- 8.55%
- YTD
- 9.86%
- 1Y
- 20.87%
- 3Y*
- 17.81%
- 5Y*
- 12.20%
- 10Y*
- —
LDME.L vs. LGGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDME.L L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis | 11.94% | 16.54% | 11.33% | 10.64% | -2.34% | 7,358.59% |
LGGL.L L&G Global Equity UCITS ETF | 9.86% | 12.55% | 21.28% | 18.77% | -8.29% | 8.55% |
Correlation
The correlation between LDME.L and LGGL.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.47 |
The correlation between LDME.L and LGGL.L has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.
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Return for Risk
LDME.L vs. LGGL.L — Risk / Return Rank
LDME.L
LGGL.L
LDME.L vs. LGGL.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 (LDME.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.
| LDME.L | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 3.15 | +0.37 |
| Martin ratioReturn relative to average drawdown | 9.38 | 11.43 | -2.05 |
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Drawdowns
LDME.L vs. LGGL.L - Drawdown Comparison
The maximum LDME.L drawdown since its inception was -14.82%, smaller than the maximum LGGL.L drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for LDME.L and LGGL.L.
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Drawdown Indicators
| LDME.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.82% | -25.97% | +11.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.44% | -6.59% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | -19.24% | +4.42% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -19.24% | +4.42% |
Current DrawdownCurrent decline from peak | -5.29% | -1.38% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -3.26% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 1.82% | +0.60% |
Volatility
LDME.L vs. LGGL.L - Volatility Comparison
L&G Emerging Markets Quality Dividends Equal Weight ETF USD Dis (LDME.L) has a higher volatility of 3.97% compared to L&G Global Equity UCITS ETF (LGGL.L) at 3.15%. This indicates that LDME.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.
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Volatility by Period
| LDME.L | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.97% | 3.15% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 9.64% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.12% | 12.10% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.65% | 14.54% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,216.41% | 16.23% | +3,200.18% |
LDME.L vs. LGGL.L - Expense Ratio Comparison
LDME.L has a 0.45% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.
Dividends
LDME.L vs. LGGL.L - Dividend Comparison
LDME.L's dividend yield for the trailing twelve months is around 2.85%, while LGGL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
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% |
LGGL.L L&G Global Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDME.L and LGGL.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.45% for LDME.L.
LDME.L is categorized as Emerging Markets Equities, while LGGL.L is Global Equities. LDME.L tracks L&G Emerging Markets 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: 0.45% for LDME.L and 0.10% for LGGL.L.
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