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LGGG.L vs. IARCX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LGGG.L vs. IARCX

Last updated Jun 25, 2026

LGGG.L (L&G Global Equity UCITS ETF) and IARCX (Invesco Real Estate Fund) are both funds - LGGG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while IARCX is a REIT fund managed by Invesco. Over the past 5 years, LGGG.L returned 12.63%/yr vs 2.40%/yr for IARCX. At a 0.29 correlation, their price movements are largely independent. LGGG.L charges 0.10%/yr vs 1.98%/yr for IARCX.

Performance

LGGG.L vs. IARCX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G Global Equity UCITS ETF (LGGG.L) and Invesco Real Estate Fund (IARCX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LGGG.L is traded in GBp, while IARCX is traded in USD. To make them comparable, the IARCX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, LGGG.L achieves a 10.39% return, which is significantly lower than IARCX's 17.58% 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*
—

IARCX

1D
1.64%
1M
3.46%
YTD
17.58%
6M
17.72%
1Y
14.43%
3Y*
7.32%
5Y*
2.40%
10Y*
4.13%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LGGG.L vs. IARCX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
LGGG.L
L&G Global Equity UCITS ETF		10.39%12.92%21.13%18.08%-8.24%23.53%12.41%22.99%-27.80%
IARCX
Invesco Real Estate Fund		17.58%-7.97%2.79%2.55%-16.53%41.13%-14.28%21.69%-3.85%

Correlation

The correlation between LGGG.L and IARCX is 0.09, 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

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.18

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Nov 9, 2018

0.29

Over the past year, the correlation between LGGG.L and IARCX has dropped to 0.09 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

L&G Global Equity UCITS ETF

Invesco Real Estate Fund

Often compared with LGGG.L:
LGGG.L vs. VWRP.LLGGG.L vs. SWLD.LLGGG.L vs. VEVE.LLGGG.L vs. SWDA.LLGGG.L vs. FUQIXLGGG.L vs. VFEM.LLGGG.L vs. VALW.L
Often compared with IARCX:
IARCX vs. INDEXIARCX vs. ^GSPCIARCX vs. VNQIARCX vs. ACWIIARCX vs. XLREIARCX vs. FTECIARCX vs. JPM

Return for Risk

LGGG.L vs. IARCX — 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: 8686
Overall Rank
LGGG.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
LGGG.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
LGGG.L Omega Ratio Rank: 8888
Omega Ratio Rank
LGGG.L Calmar Ratio Rank: 8383
Calmar Ratio Rank
LGGG.L Martin Ratio Rank: 8585
Martin Ratio Rank
IARCX
IARCX Risk / Return Rank: 1414
Overall Rank
IARCX Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
IARCX Sortino Ratio Rank: 1111
Sortino Ratio Rank
IARCX Omega Ratio Rank: 1212
Omega Ratio Rank
IARCX Calmar Ratio Rank: 1919
Calmar Ratio Rank
IARCX Martin Ratio Rank: 1717
Martin Ratio Rank
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. IARCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (LGGG.L) and Invesco Real Estate Fund (IARCX). 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.LIARCXDifference
Sharpe ratioReturn per unit of total volatility
2.55
1.05

+1.50

Sortino ratioReturn per unit of downside risk
3.53
1.49

+2.04

Omega ratioGain probability vs. loss probability

1.48

1.18

+0.30

Calmar ratioReturn relative to maximum drawdown

3.98

1.89

+2.10

Martin ratioReturn relative to average drawdown

15.60

4.85

+10.75

LGGG.L vs. IARCX - Sharpe Ratio Comparison

The current LGGG.L Sharpe Ratio is 2.55, which is higher than the IARCX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of LGGG.L and IARCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

LGGG.L vs. IARCX - Drawdown Comparison

The maximum LGGG.L drawdown since its inception was -30.19%, smaller than the maximum IARCX drawdown of -53.88%. Use the drawdown chart below to compare losses from any high point for LGGG.L and IARCX.

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Drawdown Indicators

LGGG.LIARCXDifference

Max Drawdown

Largest peak-to-trough decline

-30.19%

-53.88%

+23.69%

Max Drawdown (1Y)

Largest decline over 1 year

-6.67%

-7.43%

+0.76%

Max Drawdown (3Y)

Largest decline over 3 years

-19.95%

-18.38%

-1.57%

Max Drawdown (5Y)

Largest decline over 5 years

-19.95%

-30.34%

+10.39%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.62%

—

Current Drawdown

Current decline from peak

-0.71%

-8.50%

+7.79%

Average Drawdown

Average peak-to-trough decline

-7.18%

-11.86%

+4.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.71%

2.90%

-1.19%

Volatility

LGGG.L vs. IARCX - Volatility Comparison

The current volatility for L&G Global Equity UCITS ETF (LGGG.L) is 3.14%, while Invesco Real Estate Fund (IARCX) has a volatility of 5.02%. This indicates that LGGG.L experiences smaller price fluctuations and is considered to be less risky than IARCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LGGG.LIARCXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.14%

5.02%

-1.88%

Volatility (6M)

Calculated over the trailing 6-month period

7.77%

10.31%

-2.54%

Volatility (1Y)

Calculated over the trailing 1-year period

10.46%

13.44%

-2.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.12%

17.71%

+1.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.37%

20.58%

-0.21%

LGGG.L vs. IARCX - Expense Ratio Comparison

LGGG.L has a 0.10% expense ratio, which is lower than IARCX's 1.98% expense ratio.

Dividends

LGGG.L vs. IARCX - Dividend Comparison

LGGG.L has not paid dividends to shareholders, while IARCX's dividend yield for the trailing twelve months is around 4.46%.

PositionTTM20252024202320222021202020192018201720162015
IARCX
Invesco Real Estate Fund		4.46%5.26%3.66%2.50%9.87%4.94%6.58%7.98%6.65%5.22%14.83%16.26%
LGGG.L
L&G Global Equity UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LGGG.L and IARCX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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