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

LGGL.L vs. SPY

Last updated Jun 5, 2026

LGGL.L (L&G Global Equity UCITS ETF) and SPY (State Street SPDR S&P 500 ETF) 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 SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, LGGL.L returned 12.04%/yr vs 13.91%/yr for SPY. A 0.59 correlation means they provide meaningful diversification when combined. LGGL.L charges 0.10%/yr vs 0.09%/yr for SPY.

Performance

LGGL.L vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in L&G Global Equity UCITS ETF (LGGL.L) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, LGGL.L achieves a 9.92% return, which is significantly lower than SPY's 11.33% return.

LGGL.L

1D
0.05%
1M
4.04%
YTD
9.92%
6M
11.05%
1Y
26.06%
3Y*
20.95%
5Y*
12.04%
10Y*
—

SPY

1D
0.38%
1M
4.60%
YTD
11.33%
6M
11.25%
1Y
28.50%
3Y*
22.58%
5Y*
13.91%
10Y*
15.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LGGL.L vs. SPY - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
LGGL.L
L&G Global Equity UCITS ETF		9.92%21.17%19.21%25.02%-18.03%21.94%16.35%26.98%-7.73%
SPY
State Street SPDR S&P 500 ETF		11.33%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-9.50%

Correlation

The correlation between LGGL.L and SPY is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.66

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

0.58

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

0.58

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

0.59

The correlation between LGGL.L and SPY has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.

LGGL.L vs. SPY - Sectors Allocation Comparison

Sectors
LGGL.L
SPY

Technology

28.4%
35.9%

Financial Services

15.9%
11.8%

Industrials

10.9%
7.8%

Communication Services

9.7%
11.3%

Consumer Cyclical

9.4%
10.3%

Healthcare

8.8%
8.4%

Consumer Defensive

5.3%
4.8%

Energy

4.0%
3.6%

Basic Materials

3.2%
1.8%

Utilities

2.5%
2.4%

Real Estate

1.8%
1.9%

Technology

LGGL.L
28.4%
SPY
35.9%

Financial Services

LGGL.L
15.9%
SPY
11.8%

Industrials

LGGL.L
10.9%
SPY
7.8%

Communication Services

LGGL.L
9.7%
SPY
11.3%

Consumer Cyclical

LGGL.L
9.4%
SPY
10.3%

Healthcare

LGGL.L
8.8%
SPY
8.4%

Consumer Defensive

LGGL.L
5.3%
SPY
4.8%

Energy

LGGL.L
4.0%
SPY
3.6%

Basic Materials

LGGL.L
3.2%
SPY
1.8%

Utilities

LGGL.L
2.5%
SPY
2.4%

Real Estate

LGGL.L
1.8%
SPY
1.9%

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

State Street SPDR S&P 500 ETF

Often compared with LGGL.L:
LGGL.L vs. ISPY.LLGGL.L vs. PACW.LLGGL.L vs. WRDA.LLGGL.L vs. XDEV.LLGGL.L vs. INFR.LLGGL.L vs. RTWO.LLGGL.L vs. JPLG.L
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

LGGL.L vs. SPY — 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: 6868
Overall Rank
LGGL.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
LGGL.L Sortino Ratio Rank: 7373
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: 7171
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 7474
Overall Rank
SPY Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 7474
Sortino Ratio Rank
SPY Omega Ratio Rank: 7575
Omega Ratio Rank
SPY Calmar Ratio Rank: 6666
Calmar Ratio Rank
SPY Martin Ratio Rank: 7878
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. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Global Equity UCITS ETF (LGGL.L) and State Street SPDR S&P 500 ETF (SPY). 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.LSPYDifference
Sharpe ratioReturn per unit of total volatility
2.18
2.42

-0.25

Sortino ratioReturn per unit of downside risk
3.25
3.29

-0.04

Omega ratioGain probability vs. loss probability

1.40

1.44

-0.04

Calmar ratioReturn relative to maximum drawdown

3.06

3.22

-0.16

Martin ratioReturn relative to average drawdown

13.14

14.99

-1.85

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. SPY - Sharpe Ratio Comparison

The current LGGL.L Sharpe Ratio is 2.18, which is comparable to the SPY Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of LGGL.L and SPY, 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.LSPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.18

2.42

-0.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.77

0.82

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.87

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.59

+0.23

Drawdowns

LGGL.L vs. SPY - Drawdown Comparison

The maximum LGGL.L drawdown since its inception was -33.89%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for LGGL.L and SPY.

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Drawdown Indicators

LGGL.LSPYDifference

Max Drawdown

Largest peak-to-trough decline

-33.89%

-55.19%

+21.30%

Max Drawdown (1Y)

Largest decline over 1 year

-8.44%

-8.88%

+0.44%

Max Drawdown (3Y)

Largest decline over 3 years

-17.81%

-18.76%

+0.95%

Max Drawdown (5Y)

Largest decline over 5 years

-25.76%

-24.50%

-1.26%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.72%

—

Current Drawdown

Current decline from peak

-0.44%

-0.33%

-0.11%

Average Drawdown

Average peak-to-trough decline

-4.97%

-9.05%

+4.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

1.91%

+0.06%

Volatility

LGGL.L vs. SPY - Volatility Comparison

L&G Global Equity UCITS ETF (LGGL.L) has a higher volatility of 3.30% compared to State Street SPDR S&P 500 ETF (SPY) at 2.79%. This indicates that LGGL.L's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LGGL.LSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.30%

2.79%

+0.51%

Volatility (6M)

Calculated over the trailing 6-month period

9.21%

8.91%

+0.30%

Volatility (1Y)

Calculated over the trailing 1-year period

11.88%

11.82%

+0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.58%

17.05%

-1.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.16%

17.93%

-0.77%

LGGL.L vs. SPY - Expense Ratio Comparison

LGGL.L has a 0.10% expense ratio, which is higher than SPY's 0.09% expense ratio. However, 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. SPY - Dividend Comparison

LGGL.L has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.98%.

PositionTTM20252024202320222021202020192018201720162015
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%
SPY
State Street SPDR S&P 500 ETF		0.98%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

LGGL.L and SPY have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPY is cheaper with a 0.09% expense ratio, compared with 0.10% for LGGL.L.

LGGL.L is categorized as Global Equities, while SPY is S&P 500. LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR, while SPY tracks S&P 500 Index. They also come from different issuers: L&G and State Street. Their fees differ too: 0.10% for LGGL.L and 0.09% for SPY.

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