LGGG.L vs. HSWO.L
Compare and contrast key facts about L&G Global Equity UCITS ETF (LGGG.L) and HSBC Developed World Sustainable Equity UCITS ETF USD (HSWO.L).
LGGG.L and HSWO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LGGG.L is a passively managed fund by Legal & General that tracks the performance of the MSCI ACWI NR USD. It was launched on Nov 7, 2018. HSWO.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Jul 9, 2020. Both LGGG.L and HSWO.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LGGG.L or HSWO.L.
Performance
LGGG.L vs. HSWO.L - Performance Comparison
Returns By Period
In the year-to-date period, LGGG.L achieves a 19.73% return, which is significantly higher than HSWO.L's 16.83% return.
LGGG.L
19.73%
2.54%
8.47%
24.55%
13.23%
N/A
HSWO.L
16.83%
1.72%
7.69%
20.75%
N/A
N/A
Key characteristics
| LGGG.L | HSWO.L | |
|---|---|---|
| Sharpe Ratio | 2.35 | 2.27 |
| Sortino Ratio | 3.29 | 3.23 |
| Omega Ratio | 1.45 | 1.43 |
| Calmar Ratio | 3.81 | 3.54 |
| Martin Ratio | 16.59 | 15.68 |
| Ulcer Index | 1.47% | 1.33% |
| Daily Std Dev | 10.33% | 9.16% |
| Max Drawdown | -25.38% | -14.28% |
| Current Drawdown | -0.52% | -0.41% |
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LGGG.L vs. HSWO.L - Expense Ratio Comparison
LGGG.L has a 0.10% expense ratio, which is lower than HSWO.L's 0.18% 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%.
Correlation
The correlation between LGGG.L and HSWO.L is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
LGGG.L vs. HSWO.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (LGGG.L) and HSBC Developed World Sustainable Equity UCITS ETF USD (HSWO.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.
Dividends
LGGG.L vs. HSWO.L - Dividend Comparison
Neither LGGG.L nor HSWO.L has paid dividends to shareholders.
Drawdowns
LGGG.L vs. HSWO.L - Drawdown Comparison
The maximum LGGG.L drawdown since its inception was -25.38%, which is greater than HSWO.L's maximum drawdown of -14.28%. Use the drawdown chart below to compare losses from any high point for LGGG.L and HSWO.L. For additional features, visit the drawdowns tool.
Volatility
LGGG.L vs. HSWO.L - Volatility Comparison
L&G Global Equity UCITS ETF (LGGG.L) has a higher volatility of 3.12% compared to HSBC Developed World Sustainable Equity UCITS ETF USD (HSWO.L) at 2.84%. This indicates that LGGG.L's price experiences larger fluctuations and is considered to be riskier than HSWO.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.