LGGG.L vs. VALW.L
Compare and contrast key facts about L&G Global Equity UCITS ETF (LGGG.L) and SPDR MSCI World Value UCITS ETF (VALW.L).
LGGG.L and VALW.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. VALW.L is a passively managed fund by State Street that tracks the performance of the MSCI ACWI Value NR USD. It was launched on Sep 2, 2020. Both LGGG.L and VALW.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 VALW.L.
Key characteristics
| LGGG.L | VALW.L | |
|---|---|---|
| YTD Return | 12.53% | 3.76% |
| 1Y Return | 17.80% | 7.90% |
| 3Y Return (Ann) | 9.09% | 8.17% |
| Sharpe Ratio | 1.69 | 0.25 |
| Daily Std Dev | 10.67% | 32.21% |
| Max Drawdown | -25.38% | -19.68% |
| Current Drawdown | -1.14% | -11.74% |
Correlation
The correlation between LGGG.L and VALW.L is 0.86, 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.
Performance
LGGG.L vs. VALW.L - Performance Comparison
In the year-to-date period, LGGG.L achieves a 12.53% return, which is significantly higher than VALW.L's 3.76% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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LGGG.L vs. VALW.L - Expense Ratio Comparison
LGGG.L has a 0.10% expense ratio, which is lower than VALW.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%.
Risk-Adjusted Performance
LGGG.L vs. VALW.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 SPDR MSCI World Value UCITS ETF (VALW.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. VALW.L - Dividend Comparison
Neither LGGG.L nor VALW.L has paid dividends to shareholders.
Drawdowns
LGGG.L vs. VALW.L - Drawdown Comparison
The maximum LGGG.L drawdown since its inception was -25.38%, which is greater than VALW.L's maximum drawdown of -19.68%. Use the drawdown chart below to compare losses from any high point for LGGG.L and VALW.L. For additional features, visit the drawdowns tool.
Volatility
LGGG.L vs. VALW.L - Volatility Comparison
L&G Global Equity UCITS ETF (LGGG.L) and SPDR MSCI World Value UCITS ETF (VALW.L) have volatilities of 4.40% and 4.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.