LGGL.L vs. IWDA.L

Last updated Jun 25, 2026

LGGL.L (L&G Global Equity UCITS ETF) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds - LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR while IWDA.L tracks the MSCI World Index (Net). Both are passively managed. Over the past 5 years, LGGL.L returned 11.42%/yr vs 11.26%/yr for IWDA.L. With a 0.98 correlation, they move nearly in lockstep. LGGL.L charges 0.10%/yr vs 0.20%/yr for IWDA.L.

Performance

LGGL.L vs. IWDA.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 Core MSCI World UCITS ETF USD (Acc) (IWDA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with LGGL.L having a 8.05% return and IWDA.L slightly lower at 8.01%.

LGGL.L

• 1D: 0.34%
• 1M: -0.67%
• YTD: 8.05%
• 6M: 7.84%
• 1Y: 22.62%
• 3Y*: 19.89%
• 5Y*: 11.42%
• 10Y*: —

IWDA.L

• 1D: 0.38%
• 1M: -0.60%
• YTD: 8.01%
• 6M: 7.75%
• 1Y: 22.39%
• 3Y*: 19.76%
• 5Y*: 11.26%
• 10Y*: 13.31%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LGGL.L L&G Global Equity UCITS ETF	8.05%	21.18%	19.20%	25.02%	-18.03%	21.94%	16.35%	26.98%	-7.73%
IWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	8.01%	21.03%	19.11%	24.27%	-18.11%	22.19%	16.06%	27.13%	-9.31%

Correlation

The correlation between LGGL.L and IWDA.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.98

The correlation between LGGL.L and IWDA.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

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

Sectors	LGGL.L	IWDA.L
Technology	31.5%	31.3%
Financial Services	15.2%	15.0%
Industrials	10.5%	10.9%
Consumer Cyclical	9.4%	9.2%
Communication Services	9.2%	8.9%
Healthcare	8.6%	8.6%
Consumer Defensive	4.9%	4.9%
Energy	3.6%	3.8%
Basic Materials	3.2%	3.3%
Utilities	2.3%	2.4%
Real Estate	1.7%	1.7%

Return for Risk

LGGL.L vs. IWDA.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: 67
LGGL.L Sharpe Ratio Rank: 66
LGGL.L Sortino Ratio Rank: 72
LGGL.L Omega Ratio Rank: 66
LGGL.L Calmar Ratio Rank: 63
LGGL.L Martin Ratio Rank: 70

IWDA.L

IWDA.L Risk / Return Rank: 63
IWDA.L Sharpe Ratio Rank: 61
IWDA.L Sortino Ratio Rank: 68
IWDA.L Omega Ratio Rank: 60
IWDA.L Calmar Ratio Rank: 60
IWDA.L Martin Ratio Rank: 67

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. IWDA.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 Core MSCI World UCITS ETF USD (Acc) (IWDA.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.

	LGGL.L	IWDA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.83	+0.02
Sortino ratio: Return per unit of downside risk	2.81	2.78	+0.02
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio: Return relative to maximum drawdown	2.67	2.68	-0.01
Martin ratio: Return relative to average drawdown	11.15	11.05	+0.10

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

The current LGGL.L Sharpe Ratio is 1.85, which is comparable to the IWDA.L Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of LGGL.L and IWDA.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.

Drawdowns

LGGL.L vs. IWDA.L - Drawdown Comparison

The maximum LGGL.L drawdown since its inception was -33.89%, roughly equal to the maximum IWDA.L drawdown of -34.11%. Use the drawdown chart below to compare losses from any high point for LGGL.L and IWDA.L.

Drawdown Indicators

	LGGL.L	IWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-34.11%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-8.31%	-0.11%
Max Drawdown (3Y) Largest decline over 3 years	-17.79%	-16.94%	-0.85%
Max Drawdown (5Y) Largest decline over 5 years	-25.76%	-25.88%	+0.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.11%	—
Current Drawdown Current decline from peak	-2.12%	-2.08%	-0.04%
Average Drawdown Average peak-to-trough decline	-4.94%	-4.40%	-0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.02%	0.00%

Volatility

LGGL.L vs. IWDA.L - Volatility Comparison

L&G Global Equity UCITS ETF (LGGL.L) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) have volatilities of 3.84% and 3.72%, 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.

Volatility by Period

	LGGL.L	IWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	3.72%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	9.71%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	12.29%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	15.73%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.15%	15.85%	+1.30%

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

LGGL.L has a 0.10% expense ratio, which is lower than IWDA.L's 0.20% 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%.

Dividends

LGGL.L vs. IWDA.L - Dividend Comparison

Neither LGGL.L nor IWDA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LGGL.L and IWDA.L in my portfolio?

With a correlation of 0.99, LGGL.L and IWDA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, LGGL.L or IWDA.L?

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.

Which ETF is cheaper, LGGL.L or IWDA.L?

LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.20% for IWDA.L.

What is the main difference between LGGL.L and IWDA.L?

LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR, while IWDA.L tracks MSCI World Index (Net). They also come from different issuers: L&G and iShares. Their fees differ too: 0.10% for LGGL.L and 0.20% for IWDA.L.