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LGUK.L vs. IEQD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LGUK.L vs. IEQD.L

Last updated Jun 5, 2026

LGUK.L (L&G UK Equity UCITS ETF) and IEQD.L (iShares Edge MSCI Europe Quality Factor UCITS Dist) are both Europe Equities funds - LGUK.L tracks the FTSE AllSh TR GBP while IEQD.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, LGUK.L returned 11.33%/yr vs 6.05%/yr for IEQD.L. A 0.73 correlation means they provide meaningful diversification when combined. LGUK.L charges 0.05%/yr vs 0.25%/yr for IEQD.L.

Performance

LGUK.L vs. IEQD.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 iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

LGUK.L is traded in GBp, while IEQD.L is traded in EUR. To make them comparable, the IEQD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, LGUK.L achieves a 3.73% return, which is significantly higher than IEQD.L's 3.48% 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*
—

IEQD.L

1D
0.65%
1M
1.46%
YTD
3.48%
6M
4.83%
1Y
9.50%
3Y*
7.92%
5Y*
6.05%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
LGUK.L
L&G UK Equity UCITS ETF		3.73%24.95%10.56%6.64%5.26%17.94%-12.15%20.11%-7.13%
IEQD.L
iShares Edge MSCI Europe Quality Factor UCITS Dist		3.48%15.35%-0.60%12.14%-6.61%18.73%7.28%22.75%-3.35%

Correlation

The correlation between LGUK.L and IEQD.L is 0.59, 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

0.59

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

0.66

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

0.70

Correlation (All Time)
Calculated using the full available price history since Nov 14, 2018

0.73

The correlation between LGUK.L and IEQD.L shifts across timeframes, from 0.59 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

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

Sectors
LGUK.L
IEQD.L

Financial Services

25.3%
21.1%

Healthcare

14.7%
14.2%

Industrials

14.7%
19.5%

Consumer Defensive

14.5%
8.1%

Energy

12.1%
5.2%

Basic Materials

5.9%
5.6%

Utilities

5.5%
5.1%

Consumer Cyclical

3.7%
6.6%

Communication Services

2.5%
3.0%

Technology

0.7%
10.8%

Real Estate

0.6%
0.8%

Financial Services

LGUK.L
25.3%
IEQD.L
21.1%

Healthcare

LGUK.L
14.7%
IEQD.L
14.2%

Industrials

LGUK.L
14.7%
IEQD.L
19.5%

Consumer Defensive

LGUK.L
14.5%
IEQD.L
8.1%

Energy

LGUK.L
12.1%
IEQD.L
5.2%

Basic Materials

LGUK.L
5.9%
IEQD.L
5.6%

Utilities

LGUK.L
5.5%
IEQD.L
5.1%

Consumer Cyclical

LGUK.L
3.7%
IEQD.L
6.6%

Communication Services

LGUK.L
2.5%
IEQD.L
3.0%

Technology

LGUK.L
0.7%
IEQD.L
10.8%

Real Estate

LGUK.L
0.6%
IEQD.L
0.8%

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 UK Equity UCITS ETF

iShares Edge MSCI Europe Quality Factor UCITS Dist

Often compared with LGUK.L:
LGUK.L vs. LCUK.LLGUK.L vs. VUGLGUK.L vs. S100.LLGUK.L vs. XASX.LLGUK.L vs. VUKG.LLGUK.L vs. SPYLGUK.L vs. ISF.L
Often compared with IEQD.L:
IEQD.L vs. FEUI.DEIEQD.L vs. MVOL.LIEQD.L vs. SMEA.LIEQD.L vs. VUSA.ASIEQD.L vs. JRDZ.LIEQD.L vs. CNDX.LIEQD.L vs. CEUR.L

Return for Risk

LGUK.L vs. IEQD.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: 3838
Overall Rank
LGUK.L Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
LGUK.L Sortino Ratio Rank: 3636
Sortino Ratio Rank
LGUK.L Omega Ratio Rank: 3737
Omega Ratio Rank
LGUK.L Calmar Ratio Rank: 4040
Calmar Ratio Rank
LGUK.L Martin Ratio Rank: 4141
Martin Ratio Rank
IEQD.L
IEQD.L Risk / Return Rank: 1818
Overall Rank
IEQD.L Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
IEQD.L Sortino Ratio Rank: 1818
Sortino Ratio Rank
IEQD.L Omega Ratio Rank: 1818
Omega Ratio Rank
IEQD.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
IEQD.L Martin Ratio Rank: 1919
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.

LGUK.L vs. IEQD.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 iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.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.LIEQD.LDifference
Sharpe ratioReturn per unit of total volatility
1.24
0.81

+0.43

Sortino ratioReturn per unit of downside risk
1.84
1.19

+0.65

Omega ratioGain probability vs. loss probability

1.24

1.15

+0.09

Calmar ratioReturn relative to maximum drawdown

1.92

0.99

+0.93

Martin ratioReturn relative to average drawdown

6.51

3.22

+3.29

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. IEQD.L - Sharpe Ratio Comparison

The current LGUK.L Sharpe Ratio is 1.24, which is higher than the IEQD.L Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of LGUK.L and IEQD.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.

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Sharpe Ratios by Period

LGUK.LIEQD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.24

0.81

+0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.82

0.44

+0.38

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.53

-0.01

Drawdowns

LGUK.L vs. IEQD.L - Drawdown Comparison

The maximum LGUK.L drawdown since its inception was -33.76%, which is greater than IEQD.L's maximum drawdown of -25.89%. Use the drawdown chart below to compare losses from any high point for LGUK.L and IEQD.L.

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Drawdown Indicators

LGUK.LIEQD.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.76%

-25.89%

-7.87%

Max Drawdown (1Y)

Largest decline over 1 year

-9.30%

-9.56%

+0.26%

Max Drawdown (3Y)

Largest decline over 3 years

-12.30%

-12.12%

-0.18%

Max Drawdown (5Y)

Largest decline over 5 years

-12.30%

-17.81%

+5.51%

Current Drawdown

Current decline from peak

-5.71%

-3.15%

-2.56%

Average Drawdown

Average peak-to-trough decline

-4.82%

-4.18%

-0.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.75%

2.94%

-0.19%

Volatility

LGUK.L vs. IEQD.L - Volatility Comparison

L&G UK Equity UCITS ETF (LGUK.L) has a higher volatility of 4.30% compared to iShares Edge MSCI Europe Quality Factor UCITS Dist (IEQD.L) at 4.05%. This indicates that LGUK.L's price experiences larger fluctuations and is considered to be riskier than IEQD.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.LIEQD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.30%

4.05%

+0.25%

Volatility (6M)

Calculated over the trailing 6-month period

12.53%

9.48%

+3.05%

Volatility (1Y)

Calculated over the trailing 1-year period

14.42%

11.66%

+2.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.86%

13.79%

+0.07%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.31%

15.14%

+1.17%

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

LGUK.L has a 0.05% expense ratio, which is lower than IEQD.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. IEQD.L - Dividend Comparison

LGUK.L has not paid dividends to shareholders, while IEQD.L's dividend yield for the trailing twelve months is around 2.09%.

PositionTTM20252024202320222021202020192018
IEQD.L
iShares Edge MSCI Europe Quality Factor UCITS Dist		2.09%2.18%2.37%2.74%2.69%1.96%2.21%2.89%2.93%
LGUK.L
L&G UK Equity UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

LGUK.L and IEQD.L have a correlation of 0.59, 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 IEQD.L.

LGUK.L tracks FTSE AllSh TR GBP, while IEQD.L tracks MSCI Europe NR EUR. They also come from different issuers: Legal & General and iShares. Their fees differ too: 0.05% for LGUK.L and 0.25% for IEQD.L.

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