LDUK.L vs. LDGG.L

Last updated Jul 16, 2026

LDUK.L (L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF) and LDGG.L (L&G Global Quality Dividends UCITS ETF USD (Dist)) are both exchange-traded funds - LDUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while LDGG.L is a Global Equity Income fund tracking the FTSE Developed All Cap Dividend Growth with Quality Net Tax Index. Both are passively managed. A 0.57 correlation means they provide meaningful diversification when combined. LDUK.L charges 0.25%/yr vs 0.31%/yr for LDGG.L.

Performance

LDUK.L vs. LDGG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.L) and L&G Global Quality Dividends UCITS ETF USD (Dist) (LDGG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

LDUK.L

• 1D: 0.53%
• 1M: 2.13%
• 6M: 6.58%
• YTD: 7.54%
• 1Y: 16.82%
• 3Y*: 18.99%
• 5Y*: 10.51%
• 10Y*: —

LDGG.L

• 1D: 0.00%
• 1M: 1.60%
• 6M: 8,184.24%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LDUK.L vs. LDGG.L - Yearly Performance Comparison

	2026 (YTD)
LDUK.L L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF	4.91%
LDGG.L L&G Global Quality Dividends UCITS ETF USD (Dist)	8,270.81%

Correlation

The correlation between LDUK.L and LDGG.L is 0.57, 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	0.57

Return for Risk

LDUK.L vs. LDGG.L — Risk / Return Rank

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

LDUK.L

LDUK.L Risk / Return Rank: 38
LDUK.L Sharpe Ratio Rank: 37
LDUK.L Sortino Ratio Rank: 40
LDUK.L Omega Ratio Rank: 36
LDUK.L Calmar Ratio Rank: 34
LDUK.L Martin Ratio Rank: 40

LDGG.L

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

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.

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

This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.L) and L&G Global Quality Dividends UCITS ETF USD (Dist) (LDGG.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.

	LDUK.L	LDGG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.13	—	—
Sortino ratio: Return per unit of downside risk	1.73	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.46	—	—
Martin ratio: Return relative to average drawdown	5.29	—	—

Drawdowns

LDUK.L vs. LDGG.L - Drawdown Comparison

The maximum LDUK.L drawdown since its inception was -17.23%, which is greater than LDGG.L's maximum drawdown of -8.51%. Use the drawdown chart below to compare losses from any high point for LDUK.L and LDGG.L.

Drawdown Indicators

	LDUK.L	LDGG.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.23%	-8.51%	-8.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.51%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.23%	—	—
Current Drawdown Current decline from peak	-0.18%	-0.18%	0.00%
Average Drawdown Average peak-to-trough decline	-3.51%	-2.19%	-1.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	—	—

Volatility

Volatility by Period

	LDUK.L	LDGG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	10,399.82%	-10,384.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.00%	10,399.82%	-10,384.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.10%	10,399.82%	-10,384.72%

LDUK.L vs. LDGG.L - Expense Ratio Comparison

LDUK.L has a 0.25% expense ratio, which is lower than LDGG.L's 0.31% expense ratio.

Dividends

LDUK.L vs. LDGG.L - Dividend Comparison

LDUK.L's dividend yield for the trailing twelve months is around 4.67%, more than LDGG.L's 1.60% yield.

Position	TTM	2025	2024	2023	2022	2021
LDGG.L L&G Global Quality Dividends UCITS ETF USD (Dist)	1.60%	0.00%	0.00%	0.00%	0.00%	0.00%
LDUK.L L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF	4.67%	4.87%	4.43%	5.14%	5.87%	4.41%

Frequently Asked Questions

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

LDUK.L and LDGG.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LDUK.L or LDGG.L?

On fees, LDUK.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LDUK.L or LDGG.L?

LDUK.L is cheaper with a 0.25% expense ratio, compared with 0.31% for LDGG.L.

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

LDUK.L is categorized as Europe Equities, while LDGG.L is Global Equity Income. LDUK.L tracks FTSE AllSh TR GBP, while LDGG.L tracks FTSE Developed All Cap Dividend Growth with Quality Net Tax Index. Their fees differ too: 0.25% for LDUK.L and 0.31% for LDGG.L.