LGGG.L vs. EMDG.L

Last updated Jun 25, 2026

LGGG.L (L&G Global Equity UCITS ETF) and EMDG.L (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) are both exchange-traded funds - LGGG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while EMDG.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, LGGG.L returned 12.63%/yr vs 4.03%/yr for EMDG.L. At a 0.21 correlation, their price movements are largely independent. LGGG.L charges 0.10%/yr vs 0.25%/yr for EMDG.L.

Performance

LGGG.L vs. EMDG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Global Equity UCITS ETF (LGGG.L) and L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMDG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGGG.L achieves a 10.39% return, which is significantly higher than EMDG.L's 3.76% return.

LGGG.L

• 1D: 0.57%
• 1M: 1.37%
• YTD: 10.39%
• 6M: 10.50%
• 1Y: 26.71%
• 3Y*: 18.49%
• 5Y*: 12.63%
• 10Y*: —

EMDG.L

• 1D: 0.12%
• 1M: 2.93%
• YTD: 3.76%
• 6M: 4.29%
• 1Y: 10.02%
• 3Y*: 7.09%
• 5Y*: 4.03%
• 10Y*: —

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

LGGG.L vs. EMDG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
LGGG.L L&G Global Equity UCITS ETF	10.39%	12.92%	21.13%	18.08%	-8.24%	23.53%	0.92%
EMDG.L L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF	3.76%	2.35%	10.43%	1.99%	0.28%	0.96%	-26.19%

Correlation

The correlation between LGGG.L and EMDG.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020	0.21

Return for Risk

LGGG.L vs. EMDG.L — Risk / Return Rank

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

LGGG.L

LGGG.L Risk / Return Rank: 86
LGGG.L Sharpe Ratio Rank: 87
LGGG.L Sortino Ratio Rank: 87
LGGG.L Omega Ratio Rank: 88
LGGG.L Calmar Ratio Rank: 83
LGGG.L Martin Ratio Rank: 85

EMDG.L

EMDG.L Risk / Return Rank: 58
EMDG.L Sharpe Ratio Rank: 57
EMDG.L Sortino Ratio Rank: 65
EMDG.L Omega Ratio Rank: 56
EMDG.L Calmar Ratio Rank: 62
EMDG.L Martin Ratio Rank: 51

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.

LGGG.L vs. EMDG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (LGGG.L) and L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMDG.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.

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.

	LGGG.L	EMDG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.55	1.69	+0.86
Sortino ratio: Return per unit of downside risk	3.53	2.62	+0.92
Omega ratio: Gain probability vs. loss probability	1.48	1.30	+0.18
Calmar ratio: Return relative to maximum drawdown	3.98	2.66	+1.33
Martin ratio: Return relative to average drawdown	15.60	7.73	+7.87

LGGG.L vs. EMDG.L - Sharpe Ratio Comparison

The current LGGG.L Sharpe Ratio is 2.55, which is higher than the EMDG.L Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of LGGG.L and EMDG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LGGG.L vs. EMDG.L - Drawdown Comparison

The maximum LGGG.L drawdown since its inception was -30.19%, roughly equal to the maximum EMDG.L drawdown of -30.84%. Use the drawdown chart below to compare losses from any high point for LGGG.L and EMDG.L.

Drawdown Indicators

	LGGG.L	EMDG.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.19%	-30.84%	+0.65%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-3.76%	-2.91%
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	-7.93%	-12.02%
Max Drawdown (5Y) Largest decline over 5 years	-19.95%	-12.32%	-7.63%
Current Drawdown Current decline from peak	-0.71%	-10.65%	+9.94%
Average Drawdown Average peak-to-trough decline	-7.18%	-22.06%	+14.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.71%	1.29%	+0.42%

Volatility

LGGG.L vs. EMDG.L - Volatility Comparison

L&G Global Equity UCITS ETF (LGGG.L) has a higher volatility of 3.14% compared to L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMDG.L) at 1.77%. This indicates that LGGG.L's price experiences larger fluctuations and is considered to be riskier than EMDG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGGG.L	EMDG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	1.77%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	4.28%	+3.49%
Volatility (1Y) Calculated over the trailing 1-year period	10.46%	5.97%	+4.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.12%	7.86%	+11.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.37%	13.19%	+7.18%

LGGG.L vs. EMDG.L - Expense Ratio Comparison

LGGG.L has a 0.10% expense ratio, which is lower than EMDG.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

LGGG.L vs. EMDG.L - Dividend Comparison

LGGG.L has not paid dividends to shareholders, while EMDG.L's dividend yield for the trailing twelve months is around 5.22%.

Position	TTM	2025	2024	2023	2022	2021
EMDG.L L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF	5.22%	5.95%	5.95%	4.65%	2.91%	1.21%
LGGG.L L&G Global Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGGG.L and EMDG.L in my portfolio?

LGGG.L and EMDG.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LGGG.L or EMDG.L?

On fees, LGGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LGGG.L or EMDG.L?

LGGG.L is cheaper with a 0.10% expense ratio, compared with 0.25% for EMDG.L.

What is the main difference between LGGG.L and EMDG.L?

LGGG.L is categorized as Global Equities, while EMDG.L is Emerging Markets Bonds. LGGG.L tracks MSCI ACWI NR USD, while EMDG.L tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.10% for LGGG.L and 0.25% for EMDG.L.