LGGA.DE vs. BISAX

Last updated Jun 5, 2026

LGGA.DE (L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF) and BISAX (Brandes International Small Cap Equity Fund) are both funds - LGGA.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan All Cap ex CW ex TC ex REITS Dividend Growth with Quality, while BISAX is a Foreign Small & Mid Cap Equities fund managed by Brandes. Over the past 3 years, LGGA.DE returned 18.10%/yr vs 25.30%/yr for BISAX. A 0.50 correlation means they provide meaningful diversification when combined. LGGA.DE charges 0.40%/yr vs 1.36%/yr for BISAX.

Performance

LGGA.DE vs. BISAX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.DE) and Brandes International Small Cap Equity Fund (BISAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LGGA.DE is traded in EUR, while BISAX is traded in USD. To make them comparable, the BISAX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, LGGA.DE achieves a 17.67% return, which is significantly higher than BISAX's 1.09% return.

LGGA.DE

• 1D: -0.60%
• 1M: 0.57%
• YTD: 17.67%
• 6M: 17.01%
• 1Y: 34.87%
• 3Y*: 18.10%
• 5Y*: —
• 10Y*: —

BISAX

• 1D: -0.94%
• 1M: -1.76%
• YTD: 1.09%
• 6M: 2.06%
• 1Y: 11.13%
• 3Y*: 25.30%
• 5Y*: 17.79%
• 10Y*: 10.29%

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

LGGA.DE vs. BISAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LGGA.DE L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	17.67%	21.16%	9.89%	5.48%	-3.83%	1.07%
BISAX Brandes International Small Cap Equity Fund	1.09%	28.23%	31.31%	34.87%	-3.03%	1.79%

Correlation

The correlation between LGGA.DE and BISAX is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.50

The correlation between LGGA.DE and BISAX has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.

Return for Risk

LGGA.DE vs. BISAX — Risk / Return Rank

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

LGGA.DE

LGGA.DE Risk / Return Rank: 73
LGGA.DE Sharpe Ratio Rank: 75
LGGA.DE Sortino Ratio Rank: 74
LGGA.DE Omega Ratio Rank: 74
LGGA.DE Calmar Ratio Rank: 78
LGGA.DE Martin Ratio Rank: 63

BISAX

BISAX Risk / Return Rank: 15
BISAX Sharpe Ratio Rank: 16
BISAX Sortino Ratio Rank: 18
BISAX Omega Ratio Rank: 16
BISAX Calmar Ratio Rank: 14
BISAX Martin Ratio Rank: 13

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.

LGGA.DE vs. BISAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.DE) and Brandes International Small Cap Equity Fund (BISAX). 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.

	LGGA.DE	BISAX	Difference
Sharpe ratio: Return per unit of total volatility	2.39	1.10	+1.29
Sortino ratio: Return per unit of downside risk	3.29	1.63	+1.67
Omega ratio: Gain probability vs. loss probability	1.43	1.21	+0.22
Calmar ratio: Return relative to maximum drawdown	3.91	1.21	+2.71
Martin ratio: Return relative to average drawdown	11.16	3.64	+7.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGGA.DE vs. BISAX - Sharpe Ratio Comparison

The current LGGA.DE Sharpe Ratio is 2.39, which is higher than the BISAX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of LGGA.DE and BISAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LGGA.DE	BISAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.39	1.10	+1.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.79	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.93	-0.20

Drawdowns

LGGA.DE vs. BISAX - Drawdown Comparison

The maximum LGGA.DE drawdown since its inception was -17.88%, smaller than the maximum BISAX drawdown of -43.18%. Use the drawdown chart below to compare losses from any high point for LGGA.DE and BISAX.

Drawdown Indicators

	LGGA.DE	BISAX	Difference
Max Drawdown Largest peak-to-trough decline	-17.88%	-43.18%	+25.30%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	-10.02%	+1.15%
Max Drawdown (3Y) Largest decline over 3 years	-17.88%	-11.64%	-6.24%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.18%	—
Current Drawdown Current decline from peak	-1.58%	-6.98%	+5.40%
Average Drawdown Average peak-to-trough decline	-4.82%	-6.94%	+2.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	3.31%	-0.19%

Volatility

LGGA.DE vs. BISAX - Volatility Comparison

L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF (LGGA.DE) has a higher volatility of 4.89% compared to Brandes International Small Cap Equity Fund (BISAX) at 2.74%. This indicates that LGGA.DE's price experiences larger fluctuations and is considered to be riskier than BISAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGGA.DE	BISAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	2.74%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	11.17%	8.75%	+2.42%
Volatility (1Y) Calculated over the trailing 1-year period	14.58%	10.96%	+3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.77%	11.72%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.77%	13.07%	+0.70%

LGGA.DE vs. BISAX - Expense Ratio Comparison

LGGA.DE has a 0.40% expense ratio, which is lower than BISAX's 1.36% expense ratio.

Dividends

LGGA.DE vs. BISAX - Dividend Comparison

LGGA.DE's dividend yield for the trailing twelve months is around 3.76%, more than BISAX's 3.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BISAX Brandes International Small Cap Equity Fund	3.23%	3.23%	3.06%	2.81%	3.87%	3.46%	0.81%	0.66%	3.88%	8.33%	4.00%	3.44%
LGGA.DE L&G Quality Equity Dividends ESG Exclusions Asia Pacific ex-Japan UCITS ETF	3.76%	4.29%	4.70%	5.40%	4.98%	1.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGGA.DE and BISAX in my portfolio?

LGGA.DE and BISAX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.