LEGR.L vs. SHLD.L
LEGR.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) and SHLD.L (iShares Digital Security UCITS ETF USD (Dist)) are both Technology Equities funds - LEGR.L tracks the MSCI World/Information Tech NR USD while SHLD.L tracks the STOXX Global Digital Security Open Net Index in USD. Both are passively managed. Over the past 5 years, LEGR.L returned 11.38%/yr vs 9.10%/yr for SHLD.L. A 0.79 correlation means they provide meaningful diversification when combined. LEGR.L charges 0.65%/yr vs 0.40%/yr for SHLD.L.
Performance
LEGR.L vs. SHLD.L - Performance Comparison
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Returns By Period
In the year-to-date period, LEGR.L achieves a 7.99% return, which is significantly lower than SHLD.L's 16.56% 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*
- —
SHLD.L
- 1D
- -0.54%
- 1M
- 3.39%
- 6M
- 16.67%
- YTD
- 16.56%
- 1Y
- 21.82%
- 3Y*
- 19.12%
- 5Y*
- 9.10%
- 10Y*
- —
LEGR.L vs. SHLD.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% | -4.16% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 16.56% | 11.51% | 16.55% | 33.91% | -29.11% | 16.50% | 27.22% | 28.27% | -1.78% |
Correlation
The correlation between LEGR.L and SHLD.L is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2018 | 0.79 |
The correlation between LEGR.L and SHLD.L shifts across timeframes, from 0.66 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LEGR.L vs. SHLD.L — Risk / Return Rank
LEGR.L
SHLD.L
LEGR.L vs. SHLD.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 iShares Digital Security UCITS ETF USD (Dist) (SHLD.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 | SHLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.18 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.91 | +0.32 |
| Martin ratioReturn relative to average drawdown | 7.15 | 4.12 | +3.03 |
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Drawdowns
LEGR.L vs. SHLD.L - Drawdown Comparison
The maximum LEGR.L drawdown since its inception was -34.70%, roughly equal to the maximum SHLD.L drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for LEGR.L and SHLD.L.
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Drawdown Indicators
| LEGR.L | SHLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.70% | -36.07% | +1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -11.40% | +1.67% |
Max Drawdown (3Y)Largest decline over 3 years | -13.91% | -22.72% | +8.81% |
Max Drawdown (5Y)Largest decline over 5 years | -31.56% | -36.07% | +4.51% |
Current DrawdownCurrent decline from peak | -5.19% | -5.36% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -6.58% | -9.27% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.03% | 5.28% | -2.25% |
Volatility
LEGR.L vs. SHLD.L - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.L) is 4.10%, while iShares Digital Security UCITS ETF USD (Dist) (SHLD.L) has a volatility of 6.81%. This indicates that LEGR.L experiences smaller price fluctuations and is considered to be less risky than SHLD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LEGR.L | SHLD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 6.81% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 18.09% | -5.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 21.64% | -6.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 21.39% | -4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 21.22% | -2.66% |
LEGR.L vs. SHLD.L - Expense Ratio Comparison
LEGR.L has a 0.65% expense ratio, which is higher than SHLD.L's 0.40% expense ratio.
Dividends
LEGR.L vs. SHLD.L - Dividend Comparison
LEGR.L has not paid dividends to shareholders, while SHLD.L's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
LEGR.L First Trust Indxx Innovative Transaction & Process UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD.L iShares Digital Security UCITS ETF USD (Dist) | 0.35% | 0.39% | 0.48% | 0.43% | 0.63% | 0.66% | 0.84% | 1.00% |
Frequently Asked Questions
LEGR.L and SHLD.L have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SHLD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SHLD.L is cheaper with a 0.40% expense ratio, compared with 0.65% for LEGR.L.
LEGR.L tracks MSCI World/Information Tech NR USD, while SHLD.L tracks STOXX Global Digital Security Open Net Index in USD. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for LEGR.L and 0.40% for SHLD.L.
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