LGGE.DE vs. EL4C.DE

Last updated Jun 5, 2026

LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) and EL4C.DE (Deka STOXX Europe Strong Growth 20 UCITS ETF) are both Europe Equities funds - LGGE.DE tracks the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality while EL4C.DE tracks the STOXX® Europe Strong Growth 20. Both are passively managed. Over the past 3 years, LGGE.DE returned 24.04%/yr vs 1.76%/yr for EL4C.DE. A 0.61 correlation means they provide meaningful diversification when combined. LGGE.DE charges 0.25%/yr vs 0.65%/yr for EL4C.DE.

Performance

LGGE.DE vs. EL4C.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) and Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGGE.DE achieves a 11.27% return, which is significantly lower than EL4C.DE's 12.27% return.

LGGE.DE

• 1D: 0.15%
• 1M: -0.22%
• YTD: 11.27%
• 6M: 15.32%
• 1Y: 26.49%
• 3Y*: 24.04%
• 5Y*: —
• 10Y*: —

EL4C.DE

• 1D: 0.62%
• 1M: -0.01%
• YTD: 12.27%
• 6M: 13.94%
• 1Y: 5.07%
• 3Y*: 1.76%
• 5Y*: -2.09%
• 10Y*: 7.35%

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

LGGE.DE vs. EL4C.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	11.27%	38.29%	14.07%	17.18%	-3.86%	7.23%
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF	12.27%	-3.34%	-6.07%	15.53%	-35.98%	8.29%

Correlation

The correlation between LGGE.DE and EL4C.DE is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.61

The correlation between LGGE.DE and EL4C.DE has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.

Return for Risk

LGGE.DE vs. EL4C.DE — Risk / Return Rank

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

LGGE.DE

LGGE.DE Risk / Return Rank: 69
LGGE.DE Sharpe Ratio Rank: 67
LGGE.DE Sortino Ratio Rank: 65
LGGE.DE Omega Ratio Rank: 67
LGGE.DE Calmar Ratio Rank: 73
LGGE.DE Martin Ratio Rank: 71

EL4C.DE

EL4C.DE Risk / Return Rank: 13
EL4C.DE Sharpe Ratio Rank: 12
EL4C.DE Sortino Ratio Rank: 13
EL4C.DE Omega Ratio Rank: 12
EL4C.DE Calmar Ratio Rank: 13
EL4C.DE Martin Ratio Rank: 12

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.

LGGE.DE vs. EL4C.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) and Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE). 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.

	LGGE.DE	EL4C.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.19	0.23	+1.96
Sortino ratio: Return per unit of downside risk	2.95	0.50	+2.45
Omega ratio: Gain probability vs. loss probability	1.40	1.06	+0.34
Calmar ratio: Return relative to maximum drawdown	3.61	0.33	+3.27
Martin ratio: Return relative to average drawdown	13.07	0.70	+12.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGGE.DE vs. EL4C.DE - Sharpe Ratio Comparison

The current LGGE.DE Sharpe Ratio is 2.19, which is higher than the EL4C.DE Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of LGGE.DE and EL4C.DE, 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

	LGGE.DE	EL4C.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	0.23	+1.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.09	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.36	+0.77

Drawdowns

LGGE.DE vs. EL4C.DE - Drawdown Comparison

The maximum LGGE.DE drawdown since its inception was -20.11%, smaller than the maximum EL4C.DE drawdown of -50.13%. Use the drawdown chart below to compare losses from any high point for LGGE.DE and EL4C.DE.

Drawdown Indicators

	LGGE.DE	EL4C.DE	Difference
Max Drawdown Largest peak-to-trough decline	-20.11%	-50.13%	+30.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.28%	-15.20%	+7.92%
Max Drawdown (3Y) Largest decline over 3 years	-14.71%	-28.07%	+13.36%
Max Drawdown (5Y) Largest decline over 5 years	—	-44.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.48%	—
Current Drawdown Current decline from peak	-2.09%	-26.07%	+23.98%
Average Drawdown Average peak-to-trough decline	-3.23%	-16.08%	+12.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	7.19%	-5.18%

Volatility

LGGE.DE vs. EL4C.DE - Volatility Comparison

The current volatility for L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) is 3.60%, while Deka STOXX Europe Strong Growth 20 UCITS ETF (EL4C.DE) has a volatility of 7.32%. This indicates that LGGE.DE experiences smaller price fluctuations and is considered to be less risky than EL4C.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGGE.DE	EL4C.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	7.32%	-3.72%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	17.65%	-8.18%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	21.87%	-9.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	22.58%	-7.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.60%	21.55%	-6.95%

LGGE.DE vs. EL4C.DE - Expense Ratio Comparison

LGGE.DE has a 0.25% expense ratio, which is lower than EL4C.DE's 0.65% expense ratio.

Dividends

LGGE.DE vs. EL4C.DE - Dividend Comparison

LGGE.DE's dividend yield for the trailing twelve months is around 3.13%, more than EL4C.DE's 0.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EL4C.DE Deka STOXX Europe Strong Growth 20 UCITS ETF	0.79%	0.79%	0.67%	0.42%	4.57%	0.00%	0.00%	0.00%	0.21%	0.16%	0.24%	0.17%
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	3.13%	3.47%	4.37%	4.43%	4.18%	1.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGGE.DE and EL4C.DE in my portfolio?

LGGE.DE and EL4C.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LGGE.DE or EL4C.DE?

On fees, LGGE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LGGE.DE or EL4C.DE?

LGGE.DE is cheaper with a 0.25% expense ratio, compared with 0.65% for EL4C.DE.

What is the main difference between LGGE.DE and EL4C.DE?

LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality, while EL4C.DE tracks STOXX® Europe Strong Growth 20. They also come from different issuers: Legal & General and Deka. Their fees differ too: 0.25% for LGGE.DE and 0.65% for EL4C.DE.