LEGR.L vs. LUK2.L

Last updated Jul 18, 2026

LEGR.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) and LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc)) are both exchange-traded funds - LEGR.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while LUK2.L is a Leveraged Equities fund tracking the FTSE 100 Daily Leveraged Index. Both are passively managed. Over the past 5 years, LEGR.L returned 11.38%/yr vs 16.78%/yr for LUK2.L. A 0.73 correlation means they provide meaningful diversification when combined. LEGR.L charges 0.65%/yr vs 0.50%/yr for LUK2.L.

Performance

LEGR.L vs. LUK2.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.L) and L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LEGR.L is traded in USD, while LUK2.L is traded in GBp. To make them comparable, the LUK2.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, LEGR.L achieves a 7.99% return, which is significantly lower than LUK2.L's 12.79% return.

LEGR.L

• 1D: -0.51%
• 1M: -3.13%
• 6M: 5.14%
• YTD: 7.99%
• 1Y: 21.76%
• 3Y*: 20.24%
• 5Y*: 11.38%
• 10Y*: —

LUK2.L

• 1D: 0.46%
• 1M: 2.55%
• 6M: 7.10%
• YTD: 12.79%
• 1Y: 36.40%
• 3Y*: 25.34%
• 5Y*: 16.78%
• 10Y*: 10.80%

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

LEGR.L vs. LUK2.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LEGR.L First Trust Indxx Innovative Transaction & Process UCITS ETF	7.99%	31.58%	16.31%	21.81%	-18.56%	17.39%	19.03%	26.59%	-8.62%
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc)	12.79%	54.57%	7.98%	12.21%	-7.34%	33.53%	-28.30%	37.83%	-18.37%

Correlation

The correlation between LEGR.L and LUK2.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 (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018	0.73

The correlation between LEGR.L and LUK2.L shifts across timeframes, from 0.57 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LEGR.L vs. LUK2.L — Risk / Return Rank

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

LEGR.L

LEGR.L Risk / Return Rank: 56
LEGR.L Sharpe Ratio Rank: 56
LEGR.L Sortino Ratio Rank: 58
LEGR.L Omega Ratio Rank: 53
LEGR.L Calmar Ratio Rank: 58
LEGR.L Martin Ratio Rank: 55

LUK2.L

LUK2.L Risk / Return Rank: 57
LUK2.L Sharpe Ratio Rank: 65
LUK2.L Sortino Ratio Rank: 61
LUK2.L Omega Ratio Rank: 64
LUK2.L Calmar Ratio Rank: 50
LUK2.L Martin Ratio Rank: 46

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.

LEGR.L vs. LUK2.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.L) and L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.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.

	LEGR.L	LUK2.L	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.50	-0.04
Sortino ratio: Return per unit of downside risk	2.14	2.09	+0.05
Omega ratio: Gain probability vs. loss probability	1.26	1.27	-0.01
Calmar ratio: Return relative to maximum drawdown	2.23	1.92	+0.31
Martin ratio: Return relative to average drawdown	7.15	5.46	+1.70

LEGR.L vs. LUK2.L - Sharpe Ratio Comparison

The current LEGR.L Sharpe Ratio is 1.46, which is comparable to the LUK2.L Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of LEGR.L and LUK2.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LEGR.L vs. LUK2.L - Drawdown Comparison

The maximum LEGR.L drawdown since its inception was -34.70%, smaller than the maximum LUK2.L drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for LEGR.L and LUK2.L.

Drawdown Indicators

	LEGR.L	LUK2.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.70%	-64.37%	+29.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.73%	-18.89%	+9.16%
Max Drawdown (3Y) Largest decline over 3 years	-13.91%	-25.12%	+11.21%
Max Drawdown (5Y) Largest decline over 5 years	-31.56%	-34.17%	+2.61%
Max Drawdown (10Y) Largest decline over 10 years	—	-64.37%	—
Current Drawdown Current decline from peak	-5.19%	-6.38%	+1.19%
Average Drawdown Average peak-to-trough decline	-6.58%	-13.04%	+6.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	6.65%	-3.62%

Volatility

LEGR.L vs. LUK2.L - Volatility Comparison

The current volatility for First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.L) is 4.10%, while L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.L) has a volatility of 5.99%. This indicates that LEGR.L experiences smaller price fluctuations and is considered to be less risky than LUK2.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEGR.L	LUK2.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	5.99%	-1.89%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	20.97%	-8.65%
Volatility (1Y) Calculated over the trailing 1-year period	14.85%	24.17%	-9.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	28.28%	-11.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.56%	31.33%	-12.77%

LEGR.L vs. LUK2.L - Expense Ratio Comparison

LEGR.L has a 0.65% expense ratio, which is higher than LUK2.L's 0.50% expense ratio.

Dividends

LEGR.L vs. LUK2.L - Dividend Comparison

Neither LEGR.L nor LUK2.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LEGR.L and LUK2.L in my portfolio?

LEGR.L and LUK2.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, LEGR.L or LUK2.L?

On fees, LUK2.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LEGR.L or LUK2.L?

LUK2.L is cheaper with a 0.50% expense ratio, compared with 0.65% for LEGR.L.

What is the main difference between LEGR.L and LUK2.L?

LEGR.L is categorized as Technology Equities, while LUK2.L is Leveraged Equities. LEGR.L tracks MSCI World/Information Tech NR USD, while LUK2.L tracks FTSE 100 Daily Leveraged Index. They also come from different issuers: First Trust and L&G. Their fees differ too: 0.65% for LEGR.L and 0.50% for LUK2.L.