LGGG.L vs. VAGS.L

Last updated Jun 5, 2026

LGGG.L (L&G Global Equity UCITS ETF) and VAGS.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating) are both exchange-traded funds - LGGG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while VAGS.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, LGGG.L returned 13.23%/yr vs -0.25%/yr for VAGS.L. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.10% expense ratio.

Performance

LGGG.L vs. VAGS.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating (VAGS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LGGG.L is traded in GBp, while VAGS.L is traded in GBP. To make them comparable, the VAGS.L 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 10.12% return, which is significantly higher than VAGS.L's 0.19% return.

LGGG.L

• 1D: 0.07%
• 1M: 5.28%
• YTD: 10.12%
• 6M: 10.38%
• 1Y: 27.26%
• 3Y*: 17.85%
• 5Y*: 13.23%
• 10Y*: —

VAGS.L

• 1D: 0.14%
• 1M: 0.45%
• YTD: 0.19%
• 6M: 0.45%
• 1Y: 3.13%
• 3Y*: 3.76%
• 5Y*: -0.25%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LGGG.L L&G Global Equity UCITS ETF	10.12%	12.92%	21.13%	18.08%	-8.24%	23.53%	12.41%	4.97%
VAGS.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating	0.19%	4.96%	2.39%	5.94%	-13.72%	-2.14%	5.52%	2.06%

Correlation

The correlation between LGGG.L and VAGS.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019	-0.01

The correlation between LGGG.L and VAGS.L shifts across timeframes, from -0.01 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

LGGG.L vs. VAGS.L - Sectors Allocation Comparison

Sectors	LGGG.L	VAGS.L
Technology	28.4%	-
Financial Services	15.9%	100.0%
Industrials	10.9%	-
Communication Services	9.7%	-
Consumer Cyclical	9.4%	-
Healthcare	8.8%	-
Consumer Defensive	5.3%	-
Energy	4.0%	-
Basic Materials	3.2%	-
Utilities	2.5%	-
Real Estate	1.8%	-

Return for Risk

LGGG.L vs. VAGS.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: 82
LGGG.L Sharpe Ratio Rank: 83
LGGG.L Sortino Ratio Rank: 83
LGGG.L Omega Ratio Rank: 85
LGGG.L Calmar Ratio Rank: 80
LGGG.L Martin Ratio Rank: 82

VAGS.L

VAGS.L Risk / Return Rank: 25
VAGS.L Sharpe Ratio Rank: 26
VAGS.L Sortino Ratio Rank: 24
VAGS.L Omega Ratio Rank: 23
VAGS.L Calmar Ratio Rank: 25
VAGS.L Martin Ratio Rank: 26

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. VAGS.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating (VAGS.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.

	LGGG.L	VAGS.L	Difference
Sharpe ratio: Return per unit of total volatility	2.67	0.89	+1.78
Sortino ratio: Return per unit of downside risk	3.69	1.29	+2.40
Omega ratio: Gain probability vs. loss probability	1.51	1.15	+0.36
Calmar ratio: Return relative to maximum drawdown	4.07	1.17	+2.90
Martin ratio: Return relative to average drawdown	16.19	3.41	+12.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current LGGG.L Sharpe Ratio is 2.67, which is higher than the VAGS.L Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of LGGG.L and VAGS.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.

Sharpe Ratios by Period

	LGGG.L	VAGS.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.67	0.89	+1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	-0.05	+1.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	0.12	+0.80

Drawdowns

LGGG.L vs. VAGS.L - Drawdown Comparison

The maximum LGGG.L drawdown since its inception was -25.38%, which is greater than VAGS.L's maximum drawdown of -17.99%. Use the drawdown chart below to compare losses from any high point for LGGG.L and VAGS.L.

Drawdown Indicators

	LGGG.L	VAGS.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.38%	-17.99%	-7.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.67%	-2.67%	-4.00%
Max Drawdown (3Y) Largest decline over 3 years	-18.68%	-3.93%	-14.75%
Max Drawdown (5Y) Largest decline over 5 years	-18.68%	-17.60%	-1.08%
Current Drawdown Current decline from peak	-0.15%	-3.70%	+3.55%
Average Drawdown Average peak-to-trough decline	-3.21%	-6.65%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.68%	0.91%	+0.77%

Volatility

LGGG.L vs. VAGS.L - Volatility Comparison

L&G Global Equity UCITS ETF (LGGG.L) has a higher volatility of 2.47% compared to Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Accumulating (VAGS.L) at 1.44%. This indicates that LGGG.L's price experiences larger fluctuations and is considered to be riskier than VAGS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGGG.L	VAGS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.47%	1.44%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	7.32%	2.76%	+4.56%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	3.51%	+6.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.19%	4.86%	+8.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.09%	4.57%	+10.52%

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

Both LGGG.L and VAGS.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

LGGG.L vs. VAGS.L - Dividend Comparison

Neither LGGG.L nor VAGS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

LGGG.L and VAGS.L have a correlation of 0.24, 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 VAGS.L?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

LGGG.L and VAGS.L have the same expense ratio: 0.10% per year.

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

LGGG.L is categorized as Global Equities, while VAGS.L is Global Bonds. LGGG.L tracks MSCI ACWI NR USD, while VAGS.L tracks Bloomberg Global Aggregate TR Hdg GBP. They also come from different issuers: Legal & General and Vanguard.