LGAG.L vs. ^GSPC

Last updated Jul 18, 2026

LGAG.L (L&G Asia Pacific ex Japan Equity UCITS ETF) is Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, LGAG.L returned 6.03%/yr vs 12.20%/yr for ^GSPC. At a 0.42 correlation, their price movements are largely independent.

Performance

LGAG.L vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with LGAG.L having a 9.68% return and ^GSPC slightly higher at 10.02%.

LGAG.L

• 1D: -0.05%
• 1M: -0.57%
• 6M: 6.15%
• YTD: 9.68%
• 1Y: 13.66%
• 3Y*: 11.12%
• 5Y*: 6.03%
• 10Y*: —

^GSPC

• 1D: 0.00%
• 1M: 0.11%
• 6M: 7.74%
• YTD: 10.02%
• 1Y: 19.10%
• 3Y*: 16.96%
• 5Y*: 12.20%
• 10Y*: 12.96%

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

LGAG.L vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LGAG.L L&G Asia Pacific ex Japan Equity UCITS ETF	9.68%	12.56%	6.20%	-0.81%	5.61%	4.15%	4.80%	14.08%	-22.77%
^GSPC S&P 500 Index	9.10%	8.10%	25.46%	18.02%	-9.86%	28.09%	12.84%	23.98%	-8.55%

Correlation

The correlation between LGAG.L and ^GSPC is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.42

Return for Risk

LGAG.L vs. ^GSPC — Risk / Return Rank

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

LGAG.L

LGAG.L Risk / Return Rank: 43
LGAG.L Sharpe Ratio Rank: 42
LGAG.L Sortino Ratio Rank: 44
LGAG.L Omega Ratio Rank: 41
LGAG.L Calmar Ratio Rank: 47
LGAG.L Martin Ratio Rank: 40

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 53
^GSPC Sortino Ratio Rank: 54
^GSPC Omega Ratio Rank: 56
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 75

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.

LGAG.L vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) and S&P 500 Index (^GSPC). 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.

	LGAG.L	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.59	-0.41
Sortino ratio: Return per unit of downside risk	1.79	2.14	-0.35
Omega ratio: Gain probability vs. loss probability	1.22	1.30	-0.08
Calmar ratio: Return relative to maximum drawdown	1.88	2.39	-0.51
Martin ratio: Return relative to average drawdown	4.93	8.68	-3.75

LGAG.L vs. ^GSPC - Sharpe Ratio Comparison

The current LGAG.L Sharpe Ratio is 1.19, which is comparable to the ^GSPC Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of LGAG.L and ^GSPC, 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

LGAG.L vs. ^GSPC - Drawdown Comparison

The maximum LGAG.L drawdown since its inception was -35.16%, smaller than the maximum ^GSPC drawdown of -37.07%. Use the drawdown chart below to compare losses from any high point for LGAG.L and ^GSPC.

Drawdown Indicators

	LGAG.L	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-35.16%	-37.07%	+1.91%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-8.03%	+0.79%
Max Drawdown (3Y) Largest decline over 3 years	-21.32%	-22.15%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-21.32%	-22.15%	+0.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-26.01%	—
Current Drawdown Current decline from peak	-2.29%	-1.55%	-0.74%
Average Drawdown Average peak-to-trough decline	-9.23%	-5.29%	-3.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	2.20%	+0.57%

Volatility

LGAG.L vs. ^GSPC - Volatility Comparison

The current volatility for L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) is 2.65%, while S&P 500 Index (^GSPC) has a volatility of 2.89%. This indicates that LGAG.L experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGAG.L	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.89%	-0.24%
Volatility (6M) Calculated over the trailing 6-month period	9.17%	8.97%	+0.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	12.03%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.44%	15.96%	+3.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.08%	18.05%	+3.03%

Frequently Asked Questions

Can I hold both LGAG.L and ^GSPC in my portfolio?

LGAG.L and ^GSPC have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.