LGGL.L vs. SWDA.L

Last updated Jun 25, 2026

LGGL.L (L&G Global Equity UCITS ETF) and SWDA.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 SWDA.L tracks the MSCI World Index. Both are passively managed. Over the past 5 years, LGGL.L returned 11.42%/yr vs 11.31%/yr for SWDA.L. Their correlation of 0.91 suggests significant overlap in exposure. LGGL.L charges 0.10%/yr vs 0.20%/yr for SWDA.L.

Performance

LGGL.L vs. SWDA.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) (SWDA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LGGL.L is traded in USD, while SWDA.L is traded in GBp. To make them comparable, the SWDA.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with LGGL.L having a 8.05% return and SWDA.L slightly lower at 8.04%.

LGGL.L

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

SWDA.L

• 1D: 0.30%
• 1M: -0.48%
• YTD: 8.04%
• 6M: 7.87%
• 1Y: 22.44%
• 3Y*: 19.75%
• 5Y*: 11.31%
• 10Y*: 13.29%

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

LGGL.L vs. SWDA.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%
SWDA.L iShares Core MSCI World UCITS ETF USD (Acc)	8.04%	21.14%	19.09%	23.79%	-18.13%	22.52%	15.68%	27.97%	-9.16%

Correlation

The correlation between LGGL.L and SWDA.L is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.91

The correlation between LGGL.L and SWDA.L has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

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

Sectors	LGGL.L	SWDA.L
Technology	31.5%	30.2%
Financial Services	15.2%	15.6%
Industrials	10.5%	10.9%
Consumer Cyclical	9.4%	8.9%
Communication Services	9.2%	8.7%
Healthcare	8.6%	9.0%
Consumer Defensive	4.9%	5.2%
Energy	3.6%	4.1%
Basic Materials	3.2%	3.2%
Utilities	2.3%	2.5%
Real Estate	1.7%	1.8%

Return for Risk

LGGL.L vs. SWDA.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

SWDA.L

SWDA.L Risk / Return Rank: 86
SWDA.L Sharpe Ratio Rank: 87
SWDA.L Sortino Ratio Rank: 87
SWDA.L Omega Ratio Rank: 87
SWDA.L Calmar Ratio Rank: 83
SWDA.L Martin Ratio Rank: 85

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. SWDA.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) (SWDA.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	SWDA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.85	1.92	-0.07
Sortino ratio: Return per unit of downside risk	2.81	2.85	-0.05
Omega ratio: Gain probability vs. loss probability	1.34	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	2.67	2.60	+0.07
Martin ratio: Return relative to average drawdown	11.15	11.17	-0.02

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

The current LGGL.L Sharpe Ratio is 1.85, which is comparable to the SWDA.L Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of LGGL.L and SWDA.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. SWDA.L - Drawdown Comparison

The maximum LGGL.L drawdown since its inception was -33.89%, smaller than the maximum SWDA.L drawdown of -45.69%. Use the drawdown chart below to compare losses from any high point for LGGL.L and SWDA.L.

Drawdown Indicators

	LGGL.L	SWDA.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.89%	-45.69%	+11.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.42%	-8.59%	+0.17%
Max Drawdown (3Y) Largest decline over 3 years	-17.79%	-17.07%	-0.72%
Max Drawdown (5Y) Largest decline over 5 years	-25.76%	-26.50%	+0.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.61%	—
Current Drawdown Current decline from peak	-2.12%	-2.02%	-0.10%
Average Drawdown Average peak-to-trough decline	-4.94%	-11.19%	+6.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	2.00%	+0.02%

Volatility

LGGL.L vs. SWDA.L - Volatility Comparison

L&G Global Equity UCITS ETF (LGGL.L) has a higher volatility of 3.84% compared to iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) at 3.47%. This indicates that LGGL.L's price experiences larger fluctuations and is considered to be riskier than SWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGGL.L	SWDA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	3.47%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	9.07%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	11.72%	+0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	15.35%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.15%	15.76%	+1.39%

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

LGGL.L has a 0.10% expense ratio, which is lower than SWDA.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. SWDA.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.91, LGGL.L and SWDA.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 SWDA.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 SWDA.L?

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

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

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