LGUK.L vs. AIAG.L

Last updated Jun 5, 2026

LGUK.L (L&G UK Equity UCITS ETF) and AIAG.L (L&G Artificial Intelligence UCITS ETF) are both exchange-traded funds - LGUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while AIAG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, LGUK.L returned 11.33%/yr vs 19.24%/yr for AIAG.L. At a 0.38 correlation, their price movements are largely independent. LGUK.L charges 0.05%/yr vs 0.49%/yr for AIAG.L.

Performance

LGUK.L vs. AIAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G UK Equity UCITS ETF (LGUK.L) and L&G Artificial Intelligence UCITS ETF (AIAG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LGUK.L achieves a 3.73% return, which is significantly lower than AIAG.L's 41.86% return.

LGUK.L

• 1D: -1.06%
• 1M: -0.31%
• YTD: 3.73%
• 6M: 8.03%
• 1Y: 17.97%
• 3Y*: 13.62%
• 5Y*: 11.33%
• 10Y*: —

AIAG.L

• 1D: -0.50%
• 1M: 21.21%
• YTD: 41.86%
• 6M: 38.73%
• 1Y: 78.49%
• 3Y*: 34.00%
• 5Y*: 19.24%
• 10Y*: —

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

LGUK.L vs. AIAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LGUK.L L&G UK Equity UCITS ETF	3.73%	24.95%	10.56%	6.64%	5.26%	17.94%	-12.15%	2.13%
AIAG.L L&G Artificial Intelligence UCITS ETF	41.86%	21.44%	20.57%	50.58%	-33.18%	11.07%	63.12%	-2.52%

Correlation

The correlation between LGUK.L and AIAG.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 15, 2019	0.38

The correlation between LGUK.L and AIAG.L shifts across timeframes, from 0.21 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

LGUK.L vs. AIAG.L - Sectors Allocation Comparison

Sectors	LGUK.L	AIAG.L
Financial Services	25.3%	1.3%
Healthcare	14.7%	5.7%
Industrials	14.7%	1.1%
Consumer Defensive	14.5%	-
Energy	12.1%	-
Basic Materials	5.9%	-
Utilities	5.5%	-
Consumer Cyclical	3.7%	9.2%
Communication Services	2.5%	10.3%
Technology	0.7%	71.5%
Real Estate	0.6%	0.9%

Return for Risk

LGUK.L vs. AIAG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LGUK.L

LGUK.L Risk / Return Rank: 38
LGUK.L Sharpe Ratio Rank: 36
LGUK.L Sortino Ratio Rank: 36
LGUK.L Omega Ratio Rank: 37
LGUK.L Calmar Ratio Rank: 40
LGUK.L Martin Ratio Rank: 41

AIAG.L

AIAG.L Risk / Return Rank: 82
AIAG.L Sharpe Ratio Rank: 91
AIAG.L Sortino Ratio Rank: 84
AIAG.L Omega Ratio Rank: 82
AIAG.L Calmar Ratio Rank: 85
AIAG.L Martin Ratio Rank: 69

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.

LGUK.L vs. AIAG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G UK Equity UCITS ETF (LGUK.L) and L&G Artificial Intelligence UCITS ETF (AIAG.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.

	LGUK.L	AIAG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.24	3.12	-1.87
Sortino ratio: Return per unit of downside risk	1.84	3.75	-1.91
Omega ratio: Gain probability vs. loss probability	1.24	1.49	-0.25
Calmar ratio: Return relative to maximum drawdown	1.92	4.65	-2.72
Martin ratio: Return relative to average drawdown	6.51	12.44	-5.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGUK.L vs. AIAG.L - Sharpe Ratio Comparison

The current LGUK.L Sharpe Ratio is 1.24, which is lower than the AIAG.L Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of LGUK.L and AIAG.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.

Sharpe Ratios by Period

	LGUK.L	AIAG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	3.12	-1.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.72	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.78	-0.25

Drawdowns

LGUK.L vs. AIAG.L - Drawdown Comparison

The maximum LGUK.L drawdown since its inception was -33.76%, smaller than the maximum AIAG.L drawdown of -41.56%. Use the drawdown chart below to compare losses from any high point for LGUK.L and AIAG.L.

Drawdown Indicators

	LGUK.L	AIAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.76%	-41.56%	+7.80%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-16.80%	+7.50%
Max Drawdown (3Y) Largest decline over 3 years	-12.30%	-30.73%	+18.43%
Max Drawdown (5Y) Largest decline over 5 years	-12.30%	-41.56%	+29.26%
Current Drawdown Current decline from peak	-5.71%	-2.07%	-3.64%
Average Drawdown Average peak-to-trough decline	-4.82%	-12.39%	+7.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.75%	6.29%	-3.54%

Volatility

LGUK.L vs. AIAG.L - Volatility Comparison

The current volatility for L&G UK Equity UCITS ETF (LGUK.L) is 4.30%, while L&G Artificial Intelligence UCITS ETF (AIAG.L) has a volatility of 9.70%. This indicates that LGUK.L experiences smaller price fluctuations and is considered to be less risky than AIAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LGUK.L	AIAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	9.70%	-5.40%
Volatility (6M) Calculated over the trailing 6-month period	12.53%	18.98%	-6.45%
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	25.07%	-10.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.86%	26.58%	-12.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.31%	27.56%	-11.25%

LGUK.L vs. AIAG.L - Expense Ratio Comparison

LGUK.L has a 0.05% expense ratio, which is lower than AIAG.L's 0.49% expense ratio.

Dividends

LGUK.L vs. AIAG.L - Dividend Comparison

Neither LGUK.L nor AIAG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LGUK.L and AIAG.L in my portfolio?

LGUK.L and AIAG.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LGUK.L or AIAG.L?

On fees, LGUK.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LGUK.L or AIAG.L?

LGUK.L is cheaper with a 0.05% expense ratio, compared with 0.49% for AIAG.L.

What is the main difference between LGUK.L and AIAG.L?

LGUK.L is categorized as Europe Equities, while AIAG.L is Technology Equities. LGUK.L tracks FTSE AllSh TR GBP, while AIAG.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.05% for LGUK.L and 0.49% for AIAG.L.