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LGGL.L vs. ISWD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LGGL.L vs. ISWD.L

Last updated Jun 4, 2026

LGGL.L (L&G Global Equity UCITS ETF) and ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds - LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR while ISWD.L tracks the MSCI World Islamic Index. Both are passively managed. Over the past 5 years, LGGL.L returned 12.03%/yr vs 12.54%/yr for ISWD.L. Their correlation of 0.87 suggests significant overlap in exposure. LGGL.L charges 0.10%/yr vs 0.60%/yr for ISWD.L.

Performance

LGGL.L vs. ISWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Global Equity UCITS ETF (LGGL.L) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LGGL.L is traded in USD, while ISWD.L is traded in GBp. To make them comparable, the ISWD.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 ISWD.L's 20.09% 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*
—

ISWD.L

1D
0.38%
1M
10.08%
YTD
20.09%
6M
21.36%
1Y
37.91%
3Y*
19.11%
5Y*
12.54%
10Y*
11.90%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LGGL.L vs. ISWD.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
LGGL.L
L&G Global Equity UCITS ETF		9.87%21.17%19.21%25.02%-18.03%21.94%16.35%26.98%-7.73%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		20.09%20.00%6.05%23.43%-11.47%22.58%8.33%22.72%-7.24%

Correlation

The correlation between LGGL.L and ISWD.L is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.81

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

0.85

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

0.87

Correlation (All Time)
Calculated using the full available price history since Nov 12, 2018

0.87

The correlation between LGGL.L and ISWD.L has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.

LGGL.L vs. ISWD.L - Sectors Allocation Comparison

Sectors
LGGL.L
ISWD.L

Technology

28.4%
42.8%

Financial Services

15.9%
0.0%

Industrials

10.9%
12.9%

Communication Services

9.7%
0.4%

Consumer Cyclical

9.4%
6.9%

Healthcare

8.8%
10.4%

Consumer Defensive

5.3%
3.7%

Energy

4.0%
11.6%

Basic Materials

3.2%
9.6%

Utilities

2.5%
1.1%

Real Estate

1.8%
0.2%

Technology

LGGL.L
28.4%
ISWD.L
42.8%

Financial Services

LGGL.L
15.9%
ISWD.L
0.0%

Industrials

LGGL.L
10.9%
ISWD.L
12.9%

Communication Services

LGGL.L
9.7%
ISWD.L
0.4%

Consumer Cyclical

LGGL.L
9.4%
ISWD.L
6.9%

Healthcare

LGGL.L
8.8%
ISWD.L
10.4%

Consumer Defensive

LGGL.L
5.3%
ISWD.L
3.7%

Energy

LGGL.L
4.0%
ISWD.L
11.6%

Basic Materials

LGGL.L
3.2%
ISWD.L
9.6%

Utilities

LGGL.L
2.5%
ISWD.L
1.1%

Real Estate

LGGL.L
1.8%
ISWD.L
0.2%

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

iShares MSCI World Islamic UCITS ETF USD (Dist)

Often compared with LGGL.L:
LGGL.L vs. ISPY.LLGGL.L vs. PACW.LLGGL.L vs. XDEV.LLGGL.L vs. INFR.LLGGL.L vs. RTWO.LLGGL.L vs. WRDA.LLGGL.L vs. JPLG.L
Often compared with ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. UMMAISWD.L vs. HIWS.L

Return for Risk

LGGL.L vs. ISWD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LGGL.L
LGGL.L Risk / Return Rank: 6969
Overall Rank
LGGL.L Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
LGGL.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
LGGL.L Omega Ratio Rank: 6868
Omega Ratio Rank
LGGL.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
LGGL.L Martin Ratio Rank: 7272
Martin Ratio Rank
ISWD.L
ISWD.L Risk / Return Rank: 9292
Overall Rank
ISWD.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 9292
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 9292
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 9292
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.

LGGL.L vs. ISWD.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 iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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.LISWD.LDifference
Sharpe ratioReturn per unit of total volatility
2.22
2.99

-0.77

Sortino ratioReturn per unit of downside risk
3.30
4.21

-0.90

Omega ratioGain probability vs. loss probability

1.40

1.52

-0.11

Calmar ratioReturn relative to maximum drawdown

3.12

5.17

-2.05

Martin ratioReturn relative to average drawdown

13.40

18.71

-5.31

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGGL.L vs. ISWD.L - Sharpe Ratio Comparison

The current LGGL.L Sharpe Ratio is 2.22, which is comparable to the ISWD.L Sharpe Ratio of 2.99. The chart below compares the historical Sharpe Ratios of LGGL.L and ISWD.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.

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Sharpe Ratios by Period

LGGL.LISWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.22

2.99

-0.77

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.81

-0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.76

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.52

+0.30

Drawdowns

LGGL.L vs. ISWD.L - Drawdown Comparison

The maximum LGGL.L drawdown since its inception was -33.89%, smaller than the maximum ISWD.L drawdown of -48.12%. Use the drawdown chart below to compare losses from any high point for LGGL.L and ISWD.L.

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Drawdown Indicators

LGGL.LISWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.89%

-48.12%

+14.23%

Max Drawdown (1Y)

Largest decline over 1 year

-8.44%

-7.30%

-1.14%

Max Drawdown (3Y)

Largest decline over 3 years

-17.81%

-18.46%

+0.65%

Max Drawdown (5Y)

Largest decline over 5 years

-25.76%

-22.70%

-3.06%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.38%

—

Current Drawdown

Current decline from peak

-0.48%

0.00%

-0.48%

Average Drawdown

Average peak-to-trough decline

-4.97%

-4.70%

-0.27%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

2.02%

-0.05%

Volatility

LGGL.L vs. ISWD.L - Volatility Comparison

The current volatility for L&G Global Equity UCITS ETF (LGGL.L) is 3.55%, while iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) has a volatility of 3.95%. This indicates that LGGL.L experiences smaller price fluctuations and is considered to be less risky than ISWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LGGL.LISWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.55%

3.95%

-0.40%

Volatility (6M)

Calculated over the trailing 6-month period

9.22%

9.67%

-0.45%

Volatility (1Y)

Calculated over the trailing 1-year period

11.90%

12.63%

-0.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.58%

15.46%

+0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.16%

15.67%

+1.49%

LGGL.L vs. ISWD.L - Expense Ratio Comparison

LGGL.L has a 0.10% expense ratio, which is lower than ISWD.L's 0.60% expense ratio.

Dividends

LGGL.L vs. ISWD.L - Dividend Comparison

LGGL.L has not paid dividends to shareholders, while ISWD.L's dividend yield for the trailing twelve months is around 1.27%.

PositionTTM20252024202320222021202020192018201720162015
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.27%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%
LGGL.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

LGGL.L and ISWD.L have a correlation of 0.81, 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 0.60% for ISWD.L.

LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR, while ISWD.L tracks MSCI World Islamic Index. They also come from different issuers: L&G and iShares. Their fees differ too: 0.10% for LGGL.L and 0.60% for ISWD.L.

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