LGUG.L vs. GBPC.L
LGUG.L (L&G US Equity UCITS ETF) and GBPC.L (L&G ESG GBP Corporate Bond UCITS ETF) are both exchange-traded funds - LGUG.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while GBPC.L is a European Corporate Bonds fund tracking the Markit iBoxx GBP NonGilts TR. Both are passively managed. Over the past 5 years, LGUG.L returned 14.90%/yr vs -0.17%/yr for GBPC.L. At a 0.10 correlation, their price movements are largely independent. LGUG.L charges 0.05%/yr vs 0.09%/yr for GBPC.L.
Performance
LGUG.L vs. GBPC.L - Performance Comparison
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Returns By Period
In the year-to-date period, LGUG.L achieves a 10.49% return, which is significantly higher than GBPC.L's 0.12% return.
LGUG.L
- 1D
- -0.07%
- 1M
- 5.71%
- YTD
- 10.49%
- 6M
- 10.18%
- 1Y
- 28.95%
- 3Y*
- 19.37%
- 5Y*
- 14.90%
- 10Y*
- —
GBPC.L
- 1D
- 0.26%
- 1M
- 2.00%
- YTD
- 0.12%
- 6M
- 0.43%
- 1Y
- 4.91%
- 3Y*
- 6.29%
- 5Y*
- -0.17%
- 10Y*
- —
LGUG.L vs. GBPC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LGUG.L L&G US Equity UCITS ETF | 10.49% | 9.75% | 27.44% | 21.53% | -10.98% | 29.52% | -0.90% |
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 0.12% | 6.83% | 2.78% | 8.45% | -17.18% | -2.43% | -0.23% |
Correlation
The correlation between LGUG.L and GBPC.L is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.10 |
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Return for Risk
LGUG.L vs. GBPC.L — Risk / Return Rank
LGUG.L
GBPC.L
LGUG.L vs. GBPC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G US Equity UCITS ETF (LGUG.L) and L&G ESG GBP Corporate Bond UCITS ETF (GBPC.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.
| LGUG.L | GBPC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.15 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.60 | 1.18 | +2.42 |
| Martin ratioReturn relative to average drawdown | 12.19 | 3.91 | +8.27 |
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
| LGUG.L | GBPC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 0.78 | +1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.03 | -0.02 | +1.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | -0.10 | +1.30 |
Drawdowns
LGUG.L vs. GBPC.L - Drawdown Comparison
The maximum LGUG.L drawdown since its inception was -24.75%, smaller than the maximum GBPC.L drawdown of -28.18%. Use the drawdown chart below to compare losses from any high point for LGUG.L and GBPC.L.
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Drawdown Indicators
| LGUG.L | GBPC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -28.18% | +3.43% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -4.14% | -3.87% |
Max Drawdown (3Y)Largest decline over 3 years | -21.49% | -4.14% | -17.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.49% | -27.49% | +6.00% |
Current DrawdownCurrent decline from peak | -0.30% | -4.53% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -3.78% | -11.46% | +7.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 1.25% | +1.12% |
Volatility
LGUG.L vs. GBPC.L - Volatility Comparison
The current volatility for L&G US Equity UCITS ETF (LGUG.L) is 2.89%, while L&G ESG GBP Corporate Bond UCITS ETF (GBPC.L) has a volatility of 3.33%. This indicates that LGUG.L experiences smaller price fluctuations and is considered to be less risky than GBPC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGUG.L | GBPC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.89% | 3.33% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 5.09% | +2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 6.23% | +4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.84% | 8.19% | +6.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.37% | 8.15% | +9.22% |
LGUG.L vs. GBPC.L - Expense Ratio Comparison
LGUG.L has a 0.05% expense ratio, which is lower than GBPC.L's 0.09% 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
LGUG.L vs. GBPC.L - Dividend Comparison
LGUG.L has not paid dividends to shareholders, while GBPC.L's dividend yield for the trailing twelve months is around 5.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GBPC.L L&G ESG GBP Corporate Bond UCITS ETF | 5.14% | 5.00% | 4.86% | 3.58% | 2.16% | 0.87% |
LGUG.L L&G US Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LGUG.L and GBPC.L have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUG.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUG.L is cheaper with a 0.05% expense ratio, compared with 0.09% for GBPC.L.
LGUG.L is categorized as Large Cap Blend Equities, while GBPC.L is European Corporate Bonds. LGUG.L tracks Russell 1000 TR USD, while GBPC.L tracks Markit iBoxx GBP NonGilts TR. Their fees differ too: 0.05% for LGUG.L and 0.09% for GBPC.L.
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