LGUK.L vs. EMDG.L
LGUK.L (L&G UK Equity UCITS ETF) and EMDG.L (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF) are both exchange-traded funds - LGUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while EMDG.L is a Emerging Markets Bonds fund tracking the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, LGUK.L returned 11.78%/yr vs 4.03%/yr for EMDG.L. At a correlation of -0.03, they often move in opposite directions. LGUK.L charges 0.05%/yr vs 0.25%/yr for EMDG.L.
Performance
LGUK.L vs. EMDG.L - Performance Comparison
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Returns By Period
In the year-to-date period, LGUK.L achieves a 6.84% return, which is significantly higher than EMDG.L's 3.76% return.
LGUK.L
- 1D
- 0.10%
- 1M
- 0.23%
- YTD
- 6.84%
- 6M
- 7.53%
- 1Y
- 21.64%
- 3Y*
- 15.75%
- 5Y*
- 11.78%
- 10Y*
- —
EMDG.L
- 1D
- 0.12%
- 1M
- 2.93%
- YTD
- 3.76%
- 6M
- 4.29%
- 1Y
- 10.02%
- 3Y*
- 7.09%
- 5Y*
- 4.03%
- 10Y*
- —
LGUK.L vs. EMDG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LGUK.L L&G UK Equity UCITS ETF | 6.84% | 24.95% | 10.56% | 6.64% | 5.62% | 17.54% | -0.17% |
EMDG.L L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 3.76% | 2.35% | 10.43% | 1.99% | 0.28% | 0.96% | -26.19% |
Correlation
The correlation between LGUK.L and EMDG.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | -0.03 |
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Return for Risk
LGUK.L vs. EMDG.L — Risk / Return Rank
LGUK.L
EMDG.L
LGUK.L vs. EMDG.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 ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMDG.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.
| LGUK.L | EMDG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.66 | -0.34 |
| Martin ratioReturn relative to average drawdown | 7.50 | 7.73 | -0.23 |
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Drawdowns
LGUK.L vs. EMDG.L - Drawdown Comparison
The maximum LGUK.L drawdown since its inception was -33.76%, which is greater than EMDG.L's maximum drawdown of -30.84%. Use the drawdown chart below to compare losses from any high point for LGUK.L and EMDG.L.
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Drawdown Indicators
| LGUK.L | EMDG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.76% | -30.84% | -2.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -3.76% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -12.30% | -7.93% | -4.37% |
Max Drawdown (5Y)Largest decline over 5 years | -12.30% | -12.32% | +0.02% |
Current DrawdownCurrent decline from peak | -2.88% | -10.65% | +7.77% |
Average DrawdownAverage peak-to-trough decline | -4.80% | -22.06% | +17.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.29% | +1.59% |
Volatility
LGUK.L vs. EMDG.L - Volatility Comparison
L&G UK Equity UCITS ETF (LGUK.L) has a higher volatility of 3.29% compared to L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EMDG.L) at 1.77%. This indicates that LGUK.L's price experiences larger fluctuations and is considered to be riskier than EMDG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGUK.L | EMDG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 1.77% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 4.28% | +7.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.60% | 5.97% | +8.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.88% | 7.86% | +6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 13.19% | +3.08% |
LGUK.L vs. EMDG.L - Expense Ratio Comparison
LGUK.L has a 0.05% expense ratio, which is lower than EMDG.L's 0.25% 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
LGUK.L vs. EMDG.L - Dividend Comparison
LGUK.L has not paid dividends to shareholders, while EMDG.L's dividend yield for the trailing twelve months is around 5.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
EMDG.L L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF | 5.22% | 5.95% | 5.95% | 4.65% | 2.91% | 1.21% |
LGUK.L L&G UK Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LGUK.L and EMDG.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
LGUK.L is cheaper with a 0.05% expense ratio, compared with 0.25% for EMDG.L.
LGUK.L is categorized as Europe Equities, while EMDG.L is Emerging Markets Bonds. LGUK.L tracks FTSE AllSh TR GBP, while EMDG.L tracks JPM EMBI Global Diversified TR USD. Their fees differ too: 0.05% for LGUK.L and 0.25% for EMDG.L.
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