LGGE.DE vs. MVEE.DE
LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) 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 MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, LGGE.DE returned 25.32%/yr vs 10.33%/yr for MVEE.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
LGGE.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LGGE.DE achieves a 12.88% return, which is significantly higher than MVEE.DE's 8.14% return.
LGGE.DE
- 1D
- 0.00%
- 1M
- 0.04%
- YTD
- 12.88%
- 6M
- 13.57%
- 1Y
- 30.01%
- 3Y*
- 25.32%
- 5Y*
- —
- 10Y*
- —
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
LGGE.DE vs. MVEE.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 | 12.88% | 38.29% | 14.07% | 17.18% | -3.86% | 6.81% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 7.97% |
Correlation
The correlation between LGGE.DE and MVEE.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2021 | 0.76 |
Over the past year, the correlation between LGGE.DE and MVEE.DE has dropped to 0.56 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
LGGE.DE vs. MVEE.DE — Risk / Return Rank
LGGE.DE
MVEE.DE
LGGE.DE vs. MVEE.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 iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.22 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 1.58 | +2.57 |
| Martin ratioReturn relative to average drawdown | 15.10 | 5.45 | +9.65 |
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Drawdowns
LGGE.DE vs. MVEE.DE - Drawdown Comparison
The maximum LGGE.DE drawdown since its inception was -20.11%, roughly equal to the maximum MVEE.DE drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for LGGE.DE and MVEE.DE.
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Drawdown Indicators
| LGGE.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.11% | -20.19% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.28% | -7.40% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.71% | -12.19% | -2.52% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.19% | — |
Current DrawdownCurrent decline from peak | -1.29% | 0.00% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -3.21% | -4.50% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 2.15% | -0.16% |
Volatility
LGGE.DE vs. MVEE.DE - Volatility Comparison
L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) has a higher volatility of 2.68% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that LGGE.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 2.19% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 8.16% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.20% | 9.93% | +2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.57% | 12.08% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 12.47% | +2.10% |
LGGE.DE vs. MVEE.DE - Expense Ratio Comparison
Both LGGE.DE and MVEE.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LGGE.DE vs. MVEE.DE - Dividend Comparison
LGGE.DE's dividend yield for the trailing twelve months is around 3.57%, while MVEE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF | 3.57% | 3.47% | 4.37% | 4.43% | 4.18% | 1.52% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LGGE.DE and MVEE.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LGGE.DE and MVEE.DE have the same expense ratio: 0.25% per year.
LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: Legal & General and iShares.
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