LGGG.L vs. UKRE.L
LGGG.L (L&G Global Equity UCITS ETF) and UKRE.L (iShares MSCI Target UK Real Estate UCITS ETF) are both exchange-traded funds - LGGG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while UKRE.L is a REIT fund tracking the MSCI UK IMI Liquid Real Estate Index. Both are passively managed. Over the past 5 years, LGGG.L returned 12.78%/yr vs -2.05%/yr for UKRE.L. At a 0.33 correlation, their price movements are largely independent. LGGG.L charges 0.10%/yr vs 0.40%/yr for UKRE.L.
Performance
LGGG.L vs. UKRE.L - Performance Comparison
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Returns By Period
In the year-to-date period, LGGG.L achieves a 8.87% return, which is significantly higher than UKRE.L's 1.43% return.
LGGG.L
- 1D
- 1.52%
- 1M
- 0.35%
- YTD
- 8.87%
- 6M
- 9.38%
- 1Y
- 25.53%
- 3Y*
- 17.25%
- 5Y*
- 12.78%
- 10Y*
- —
UKRE.L
- 1D
- 1.37%
- 1M
- 2.91%
- YTD
- 1.43%
- 6M
- 3.88%
- 1Y
- 1.31%
- 3Y*
- 3.06%
- 5Y*
- -2.05%
- 10Y*
- 0.74%
LGGG.L vs. UKRE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGGG.L L&G Global Equity UCITS ETF | 8.87% | 12.92% | 21.13% | 18.08% | -8.24% | 23.53% | 12.41% | 22.99% | -27.80% |
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | 1.43% | 6.21% | -7.39% | 7.02% | -24.23% | 21.16% | -10.46% | 21.84% | -5.54% |
Correlation
The correlation between LGGG.L and UKRE.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.33 |
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Return for Risk
LGGG.L vs. UKRE.L — Risk / Return Rank
LGGG.L
UKRE.L
LGGG.L vs. UKRE.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 iShares MSCI Target UK Real Estate UCITS ETF (UKRE.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 | UKRE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.38 | ||
| Sortino ratioReturn per unit of downside risk | +3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.01 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 0.01 | +3.71 |
| Martin ratioReturn relative to average drawdown | 14.54 | 0.02 | +14.52 |
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Drawdowns
LGGG.L vs. UKRE.L - Drawdown Comparison
The maximum LGGG.L drawdown since its inception was -30.19%, smaller than the maximum UKRE.L drawdown of -31.82%. Use the drawdown chart below to compare losses from any high point for LGGG.L and UKRE.L.
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Drawdown Indicators
| LGGG.L | UKRE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.19% | -31.82% | +1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -11.51% | +4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -19.95% | -15.60% | -4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -19.95% | -31.82% | +11.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.82% | — |
Current DrawdownCurrent decline from peak | -1.28% | -19.10% | +17.82% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -11.98% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 4.79% | -3.08% |
Volatility
LGGG.L vs. UKRE.L - Volatility Comparison
The current volatility for L&G Global Equity UCITS ETF (LGGG.L) is 3.26%, while iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L) has a volatility of 3.82%. This indicates that LGGG.L experiences smaller price fluctuations and is considered to be less risky than UKRE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGGG.L | UKRE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.26% | 3.82% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 7.66% | 10.13% | -2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.41% | 12.71% | -2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 14.48% | +4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 13.76% | +6.64% |
LGGG.L vs. UKRE.L - Expense Ratio Comparison
LGGG.L has a 0.10% expense ratio, which is lower than UKRE.L's 0.40% expense ratio.
Dividends
LGGG.L vs. UKRE.L - Dividend Comparison
LGGG.L has not paid dividends to shareholders, while UKRE.L's dividend yield for the trailing twelve months is around 6.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | 6.71% | 7.07% | 7.68% | 5.20% | 1.90% | 0.86% | 1.45% | 2.09% | 2.60% | 2.31% | 1.76% | 0.86% |
Frequently Asked Questions
LGGG.L and UKRE.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
LGGG.L is cheaper with a 0.10% expense ratio, compared with 0.40% for UKRE.L.
LGGG.L is categorized as Global Equities, while UKRE.L is REIT. LGGG.L tracks MSCI ACWI NR USD, while UKRE.L tracks MSCI UK IMI Liquid Real Estate Index. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.10% for LGGG.L and 0.40% for UKRE.L.
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