LGGE.DE vs. HDEM.L
LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) and HDEM.L (Invesco FTSE EM High Dividend Low Volatility UCITS ETF) are both exchange-traded funds - LGGE.DE is a Europe Equities fund tracking the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality, while HDEM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 3 years, LGGE.DE returned 24.04%/yr vs 11.84%/yr for HDEM.L. At a 0.37 correlation, their price movements are largely independent. LGGE.DE charges 0.25%/yr vs 0.49%/yr for HDEM.L.
Performance
LGGE.DE vs. HDEM.L - Performance Comparison
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Different Trading Currencies
LGGE.DE is traded in EUR, while HDEM.L is traded in GBp. To make them comparable, the HDEM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, LGGE.DE achieves a 11.27% return, which is significantly higher than HDEM.L's 9.32% return.
LGGE.DE
- 1D
- 0.15%
- 1M
- -0.22%
- YTD
- 11.27%
- 6M
- 15.32%
- 1Y
- 26.49%
- 3Y*
- 24.04%
- 5Y*
- —
- 10Y*
- —
HDEM.L
- 1D
- -0.59%
- 1M
- -2.38%
- YTD
- 9.32%
- 6M
- 7.85%
- 1Y
- 22.16%
- 3Y*
- 11.84%
- 5Y*
- 6.68%
- 10Y*
- 7.16%
LGGE.DE vs. HDEM.L - 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% |
HDEM.L Invesco FTSE EM High Dividend Low Volatility UCITS ETF | 9.34% | 12.15% | 8.93% | 5.94% | -11.22% | 10.58% |
Correlation
The correlation between LGGE.DE and HDEM.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 | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021 | 0.37 |
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Return for Risk
LGGE.DE vs. HDEM.L — Risk / Return Rank
LGGE.DE
HDEM.L
LGGE.DE vs. HDEM.L - 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 Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.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.
| LGGE.DE | HDEM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.61 | 4.66 | -1.05 |
| Martin ratioReturn relative to average drawdown | 13.07 | 14.35 | -1.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LGGE.DE | HDEM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.12 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.45 | +0.67 |
Drawdowns
LGGE.DE vs. HDEM.L - Drawdown Comparison
The maximum LGGE.DE drawdown since its inception was -20.11%, smaller than the maximum HDEM.L drawdown of -36.51%. Use the drawdown chart below to compare losses from any high point for LGGE.DE and HDEM.L.
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Drawdown Indicators
| LGGE.DE | HDEM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.11% | -36.51% | +16.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -4.73% | -2.55% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -13.83% | -0.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.99% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.51% | — |
Current DrawdownCurrent decline from peak | -2.09% | -3.18% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -7.63% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.54% | +0.47% |
Volatility
LGGE.DE vs. HDEM.L - Volatility Comparison
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) has a higher volatility of 3.60% compared to Invesco FTSE EM High Dividend Low Volatility UCITS ETF (HDEM.L) at 3.17%. This indicates that LGGE.DE's price experiences larger fluctuations and is considered to be riskier than HDEM.L 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 | HDEM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.60% | 3.17% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.47% | 7.69% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.99% | 10.41% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.60% | 13.87% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 16.08% | -1.48% |
LGGE.DE vs. HDEM.L - Expense Ratio Comparison
LGGE.DE has a 0.25% expense ratio, which is lower than HDEM.L's 0.49% expense ratio.
Dividends
LGGE.DE vs. HDEM.L - Dividend Comparison
LGGE.DE's dividend yield for the trailing twelve months is around 3.13%, less than HDEM.L's 4.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HDEM.L Invesco FTSE EM High Dividend Low Volatility UCITS ETF | 4.86% | 5.17% | 5.62% | 6.08% | 8.93% | 5.96% | 4.31% | 5.23% | 5.37% | 6.81% | 2.78% |
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% |
Frequently Asked Questions
LGGE.DE and HDEM.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.
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 0.49% for HDEM.L.
LGGE.DE is categorized as Europe Equities, while HDEM.L is Emerging Markets Equities. LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality, while HDEM.L tracks MSCI EM NR USD. They also come from different issuers: Legal & General and Invesco. Their fees differ too: 0.25% for LGGE.DE and 0.49% for HDEM.L.
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