LGUS.L vs. FLQA.L
LGUS.L (L&G US Equity UCITS ETF USD (Acc)) and FLQA.L (Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc)) are both exchange-traded funds - LGUS.L is a Large Cap Blend Equities fund tracking the Solactive Core United States Large & Mid Cap Index NTR, while FLQA.L is a Asia Pacific Equities fund tracking the Linked FTSE Asia ex Japan ex China Index - Net Return. Both are passively managed. Over the past 5 years, LGUS.L returned 12.54%/yr vs 12.23%/yr for FLQA.L. A 0.62 correlation means they provide meaningful diversification when combined. LGUS.L charges 0.05%/yr vs 0.14%/yr for FLQA.L.
Performance
LGUS.L vs. FLQA.L - Performance Comparison
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Returns By Period
In the year-to-date period, LGUS.L achieves a 9.01% return, which is significantly lower than FLQA.L's 30.17% return.
LGUS.L
- 1D
- -1.30%
- 1M
- -0.36%
- 6M
- 8.07%
- YTD
- 9.01%
- 1Y
- 19.79%
- 3Y*
- 19.73%
- 5Y*
- 12.54%
- 10Y*
- —
FLQA.L
- 1D
- -1.86%
- 1M
- -11.56%
- 6M
- 22.63%
- YTD
- 30.17%
- 1Y
- 48.05%
- 3Y*
- 24.43%
- 5Y*
- 12.23%
- 10Y*
- —
LGUS.L vs. FLQA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
LGUS.L L&G US Equity UCITS ETF USD (Acc) | 9.01% | 17.98% | 25.09% | 28.66% | -20.46% | 27.91% | 21.16% | 30.91% | -9.25% |
FLQA.L Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) | 30.17% | 29.84% | 7.76% | 12.02% | -12.93% | 4.57% | 6.71% | 9.75% | -1.10% |
Correlation
The correlation between LGUS.L and FLQA.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.62 |
The correlation between LGUS.L and FLQA.L has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
LGUS.L vs. FLQA.L — Risk / Return Rank
LGUS.L
FLQA.L
LGUS.L vs. FLQA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G US Equity UCITS ETF USD (Acc) (LGUS.L) and Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) (FLQA.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.
| LGUS.L | FLQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.37 | -1.07 |
| Martin ratioReturn relative to average drawdown | 8.84 | 10.76 | -1.91 |
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Drawdowns
LGUS.L vs. FLQA.L - Drawdown Comparison
The maximum LGUS.L drawdown since its inception was -34.26%, which is greater than FLQA.L's maximum drawdown of -29.21%. Use the drawdown chart below to compare losses from any high point for LGUS.L and FLQA.L.
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Drawdown Indicators
| LGUS.L | FLQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -29.21% | -5.05% |
Max Drawdown (1Y)Largest decline over 1 year | -8.58% | -14.19% | +5.61% |
Max Drawdown (3Y)Largest decline over 3 years | -19.46% | -22.19% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -25.64% | -25.38% | -0.26% |
Current DrawdownCurrent decline from peak | -1.69% | -14.19% | +12.50% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -7.22% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 4.45% | -2.22% |
Volatility
LGUS.L vs. FLQA.L - Volatility Comparison
The current volatility for L&G US Equity UCITS ETF USD (Acc) (LGUS.L) is 3.15%, while Franklin FTSE Asia ex China ex Japan UCITS ETF USD (Acc) (FLQA.L) has a volatility of 10.89%. This indicates that LGUS.L experiences smaller price fluctuations and is considered to be less risky than FLQA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGUS.L | FLQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 10.89% | -7.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.50% | 23.07% | -13.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.53% | 25.18% | -12.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.52% | 17.75% | -1.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.10% | 18.53% | -0.43% |
LGUS.L vs. FLQA.L - Expense Ratio Comparison
LGUS.L has a 0.05% expense ratio, which is lower than FLQA.L's 0.14% 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
LGUS.L vs. FLQA.L - Dividend Comparison
Neither LGUS.L nor FLQA.L has paid dividends to shareholders.
Frequently Asked Questions
LGUS.L and FLQA.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.14% for FLQA.L.
LGUS.L is categorized as Large Cap Blend Equities, while FLQA.L is Asia Pacific Equities. LGUS.L tracks Solactive Core United States Large & Mid Cap Index NTR, while FLQA.L tracks Linked FTSE Asia ex Japan ex China Index - Net Return. They also come from different issuers: L&G and Franklin. Their fees differ too: 0.05% for LGUS.L and 0.14% for FLQA.L.
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