LGGE.DE vs. ESNB.DE
LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) and ESNB.DE (Expat Serbia BELEX15 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 ESNB.DE tracks the BELEX15 Index. Both are passively managed. Over the past 5 years, LGGE.DE returned 17.05%/yr vs -1.81%/yr for ESNB.DE. At a 0.03 correlation, their price movements are largely independent. LGGE.DE charges 0.25%/yr vs 1.38%/yr for ESNB.DE.
Performance
LGGE.DE vs. ESNB.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LGGE.DE achieves a 14.94% return, which is significantly higher than ESNB.DE's -6.99% return.
LGGE.DE
- 1D
- 0.00%
- 1M
- 0.51%
- 6M
- 11.71%
- YTD
- 14.94%
- 1Y
- 29.23%
- 3Y*
- 25.02%
- 5Y*
- 17.05%
- 10Y*
- —
ESNB.DE
- 1D
- 0.23%
- 1M
- -0.56%
- 6M
- -5.83%
- YTD
- -6.99%
- 1Y
- -5.51%
- 3Y*
- -1.61%
- 5Y*
- -1.81%
- 10Y*
- —
LGGE.DE vs. ESNB.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 | 14.94% | 38.29% | 14.07% | 17.18% | -3.86% | 6.81% |
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -6.99% | 0.82% | 0.78% | 2.90% | -8.70% | 2.67% |
Correlation
The correlation between LGGE.DE and ESNB.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.03 |
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Return for Risk
LGGE.DE vs. ESNB.DE — Risk / Return Rank
LGGE.DE
ESNB.DE
LGGE.DE vs. ESNB.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 Expat Serbia BELEX15 UCITS ETF (ESNB.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.
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.
| LGGE.DE | ESNB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.98 | ||
| Sortino ratioReturn per unit of downside risk | +3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.91 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 4.04 | -0.53 | +4.56 |
| Martin ratioReturn relative to average drawdown | 14.67 | -1.12 | +15.79 |
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Drawdowns
LGGE.DE vs. ESNB.DE - Drawdown Comparison
The maximum LGGE.DE drawdown since its inception was -20.11%, smaller than the maximum ESNB.DE drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for LGGE.DE and ESNB.DE.
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Drawdown Indicators
| LGGE.DE | ESNB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.11% | -22.77% | +2.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -10.40% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -12.60% | -2.11% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -15.85% | -4.26% |
Current DrawdownCurrent decline from peak | -0.19% | -13.67% | +13.48% |
Average DrawdownAverage peak-to-trough decline | -3.17% | -8.44% | +5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 4.91% | -2.91% |
Volatility
LGGE.DE vs. ESNB.DE - Volatility Comparison
The current volatility for L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) is 2.74%, while Expat Serbia BELEX15 UCITS ETF (ESNB.DE) has a volatility of 3.05%. This indicates that LGGE.DE experiences smaller price fluctuations and is considered to be less risky than ESNB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGGE.DE | ESNB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.74% | 3.05% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 6.22% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.19% | 9.72% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.52% | 10.52% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 12.11% | +2.40% |
LGGE.DE vs. ESNB.DE - Expense Ratio Comparison
LGGE.DE has a 0.25% expense ratio, which is lower than ESNB.DE's 1.38% expense ratio.
Dividends
LGGE.DE vs. ESNB.DE - Dividend Comparison
LGGE.DE's dividend yield for the trailing twelve months is around 3.51%, while ESNB.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ESNB.DE Expat Serbia BELEX15 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.51% | 3.47% | 4.37% | 4.43% | 4.18% | 1.52% |
Frequently Asked Questions
LGGE.DE and ESNB.DE have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
LGGE.DE is cheaper with a 0.25% expense ratio, compared with 1.38% for ESNB.DE.
LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality, while ESNB.DE tracks BELEX15 Index. They also come from different issuers: Legal & General and Expat. Their fees differ too: 0.25% for LGGE.DE and 1.38% for ESNB.DE.
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