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LGEG.L vs. LGEN.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LGEG.L vs. LGEN.L

Last updated Jun 4, 2026

LGEG.L (L&G Europe ex UK Equity UCITS ETF) is Europe Equities fund tracking the MSCI Europe Ex UK NR EUR, while LGEN.L (Legal & General Group plc) is a stock. Over the past 5 years, LGEG.L returned 9.34%/yr vs 7.55%/yr for LGEN.L. A 0.53 correlation means they provide meaningful diversification when combined.

Performance

LGEG.L vs. LGEN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Europe ex UK Equity UCITS ETF (LGEG.L) and Legal & General Group plc (LGEN.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LGEG.L achieves a 6.43% return, which is significantly lower than LGEN.L's 8.75% return.

LGEG.L

1D
-0.83%
1M
2.85%
YTD
6.43%
6M
8.85%
1Y
19.40%
3Y*
13.29%
5Y*
9.34%
10Y*
—

LGEN.L

1D
-0.59%
1M
5.22%
YTD
8.75%
6M
13.93%
1Y
14.96%
3Y*
13.81%
5Y*
7.55%
10Y*
9.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LGEG.L vs. LGEN.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
LGEG.L
L&G Europe ex UK Equity UCITS ETF		6.43%26.07%1.82%15.66%-7.09%17.07%6.82%21.42%-4.53%
LGEN.L
Legal & General Group plc		8.75%24.31%-0.17%9.34%-10.20%19.04%-4.25%39.75%-12.07%

Correlation

The correlation between LGEG.L and LGEN.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.41

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Nov 14, 2018

0.53

The correlation between LGEG.L and LGEN.L shifts across timeframes, from 0.41 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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L&G Europe ex UK Equity UCITS ETF

Legal & General Group plc

Often compared with LGEG.L:
LGEG.L vs. VERG.LLGEG.L vs. LGGE.DELGEG.L vs. ROBG.LLGEG.L vs. MMS.LLGEG.L vs. AIAG.LLGEG.L vs. BCOG.LLGEG.L vs. CS1.L
Often compared with LGEN.L:
LGEN.L vs. AV.LLGEN.L vs. MNG.LLGEN.L vs. BATS.LLGEN.L vs. NG.LLGEN.L vs. VOOLGEN.L vs. IUKD.LLGEN.L vs. ANXG.L

Return for Risk

LGEG.L vs. LGEN.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LGEG.L
LGEG.L Risk / Return Rank: 4141
Overall Rank
LGEG.L Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
LGEG.L Sortino Ratio Rank: 4242
Sortino Ratio Rank
LGEG.L Omega Ratio Rank: 4343
Omega Ratio Rank
LGEG.L Calmar Ratio Rank: 3737
Calmar Ratio Rank
LGEG.L Martin Ratio Rank: 4242
Martin Ratio Rank
LGEN.L
LGEN.L Risk / Return Rank: 6060
Overall Rank
LGEN.L Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
LGEN.L Sortino Ratio Rank: 5555
Sortino Ratio Rank
LGEN.L Omega Ratio Rank: 5656
Omega Ratio Rank
LGEN.L Calmar Ratio Rank: 6262
Calmar Ratio Rank
LGEN.L Martin Ratio Rank: 6565
Martin Ratio Rank
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.

LGEG.L vs. LGEN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Europe ex UK Equity UCITS ETF (LGEG.L) and Legal & General Group plc (LGEN.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.

LGEG.LLGEN.LDifference
Sharpe ratioReturn per unit of total volatility
1.44
0.72

+0.72

Sortino ratioReturn per unit of downside risk
2.12
1.08

+1.04

Omega ratioGain probability vs. loss probability

1.27

1.15

+0.13

Calmar ratioReturn relative to maximum drawdown

1.82

1.05

+0.77

Martin ratioReturn relative to average drawdown

6.56

2.89

+3.67

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGEG.L vs. LGEN.L - Sharpe Ratio Comparison

The current LGEG.L Sharpe Ratio is 1.44, which is higher than the LGEN.L Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of LGEG.L and LGEN.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.

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Sharpe Ratios by Period

LGEG.LLGEN.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.44

0.72

+0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.62

0.31

+0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.30

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.30

+0.34

Drawdowns

LGEG.L vs. LGEN.L - Drawdown Comparison

The maximum LGEG.L drawdown since its inception was -27.46%, smaller than the maximum LGEN.L drawdown of -85.42%. Use the drawdown chart below to compare losses from any high point for LGEG.L and LGEN.L.

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Drawdown Indicators

LGEG.LLGEN.LDifference

Max Drawdown

Largest peak-to-trough decline

-27.46%

-85.42%

+57.96%

Max Drawdown (1Y)

Largest decline over 1 year

-10.60%

-14.17%

+3.57%

Max Drawdown (3Y)

Largest decline over 3 years

-13.34%

-15.59%

+2.25%

Max Drawdown (5Y)

Largest decline over 5 years

-19.79%

-29.00%

+9.21%

Max Drawdown (10Y)

Largest decline over 10 years

—

-56.47%

—

Current Drawdown

Current decline from peak

-1.21%

-1.40%

+0.19%

Average Drawdown

Average peak-to-trough decline

-4.17%

-17.45%

+13.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.95%

5.17%

-2.22%

Volatility

LGEG.L vs. LGEN.L - Volatility Comparison

The current volatility for L&G Europe ex UK Equity UCITS ETF (LGEG.L) is 4.93%, while Legal & General Group plc (LGEN.L) has a volatility of 8.46%. This indicates that LGEG.L experiences smaller price fluctuations and is considered to be less risky than LGEN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LGEG.LLGEN.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.93%

8.46%

-3.53%

Volatility (6M)

Calculated over the trailing 6-month period

11.01%

17.37%

-6.36%

Volatility (1Y)

Calculated over the trailing 1-year period

13.40%

20.63%

-7.23%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.97%

24.16%

-9.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.41%

30.63%

-14.22%

Dividends

LGEG.L vs. LGEN.L - Dividend Comparison

LGEG.L has not paid dividends to shareholders, while LGEN.L's dividend yield for the trailing twelve months is around 8.12%.

PositionTTM20252024202320222021202020192018201720162015
LGEG.L
L&G Europe ex UK Equity UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
LGEN.L
Legal & General Group plc		8.12%8.20%8.98%7.82%7.50%5.99%6.60%5.53%6.77%5.36%5.63%4.41%

Frequently Asked Questions

LGEG.L and LGEN.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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