LGGL.L vs. ETRA.L
LGGL.L (L&G Global Equity UCITS ETF) and ETRA.L (L&G New Energy Commodities UCITS ETF USD Acc) are both exchange-traded funds - LGGL.L is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap USD Index NTR, while ETRA.L is a Commodities fund tracking the Solactive Energy Transition Commodity Total Return Index. Both are passively managed. Over the past year, LGGL.L returned 26.57% vs 41.11% for ETRA.L. At a 0.23 correlation, their price movements are largely independent. LGGL.L charges 0.10%/yr vs 0.65%/yr for ETRA.L.
Performance
LGGL.L vs. ETRA.L - Performance Comparison
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Different Trading Currencies
LGGL.L is traded in USD, while ETRA.L is traded in GBp. To make them comparable, the ETRA.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LGGL.L achieves a 9.87% return, which is significantly lower than ETRA.L's 14.73% return.
LGGL.L
- 1D
- -0.48%
- 1M
- 4.00%
- YTD
- 9.87%
- 6M
- 11.34%
- 1Y
- 26.57%
- 3Y*
- 20.97%
- 5Y*
- 12.03%
- 10Y*
- —
ETRA.L
- 1D
- -1.02%
- 1M
- 2.29%
- YTD
- 14.73%
- 6M
- 23.26%
- 1Y
- 41.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LGGL.L vs. ETRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LGGL.L L&G Global Equity UCITS ETF | 9.87% | 21.17% | 14.97% |
ETRA.L L&G New Energy Commodities UCITS ETF USD Acc | 14.73% | 28.38% | -1.82% |
Correlation
The correlation between LGGL.L and ETRA.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Apr 18, 2024 | 0.23 |
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Return for Risk
LGGL.L vs. ETRA.L — Risk / Return Rank
LGGL.L
ETRA.L
LGGL.L vs. ETRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (LGGL.L) and L&G New Energy Commodities UCITS ETF USD Acc (ETRA.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.
| LGGL.L | ETRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.52 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 4.33 | -1.21 |
| Martin ratioReturn relative to average drawdown | 13.40 | 15.19 | -1.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LGGL.L | ETRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | 2.83 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.35 | -0.53 |
Drawdowns
LGGL.L vs. ETRA.L - Drawdown Comparison
The maximum LGGL.L drawdown since its inception was -33.89%, which is greater than ETRA.L's maximum drawdown of -13.42%. Use the drawdown chart below to compare losses from any high point for LGGL.L and ETRA.L.
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Drawdown Indicators
| LGGL.L | ETRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -13.42% | -20.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -9.45% | +1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.76% | — | — |
Current DrawdownCurrent decline from peak | -0.48% | -2.87% | +2.39% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -4.89% | -0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.70% | -0.73% |
Volatility
LGGL.L vs. ETRA.L - Volatility Comparison
L&G Global Equity UCITS ETF (LGGL.L) and L&G New Energy Commodities UCITS ETF USD Acc (ETRA.L) have volatilities of 3.55% and 3.69%, 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.
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Volatility by Period
| LGGL.L | ETRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 3.69% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 12.39% | -3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 14.45% | -2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 14.02% | +1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 14.02% | +3.14% |
LGGL.L vs. ETRA.L - Expense Ratio Comparison
LGGL.L has a 0.10% expense ratio, which is lower than ETRA.L's 0.65% expense ratio.
Dividends
LGGL.L vs. ETRA.L - Dividend Comparison
Neither LGGL.L nor ETRA.L has paid dividends to shareholders.
Frequently Asked Questions
LGGL.L and ETRA.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.65% for ETRA.L.
LGGL.L is categorized as Global Equities, while ETRA.L is Commodities. LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR, while ETRA.L tracks Solactive Energy Transition Commodity Total Return Index. Their fees differ too: 0.10% for LGGL.L and 0.65% for ETRA.L.
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