MAGG.L vs. MACG.L

Last updated Jun 4, 2026

MAGG.L (BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc)) and MACG.L (BlackRock ESG Multi-Asset Conservative Portfolio UCITS ETF GBP Hedged (Acc)) are both Diversified Portfolio funds from iShares - MAGG.L tracks the Morningstar UK Mod Adv Tgt Alloc NR GBP while MACG.L tracks the Morningstar UK Mod Caut Tgt Alloc NR GBP. Both are passively managed. Over the past 5 years, MAGG.L returned 9.05%/yr vs 2.21%/yr for MACG.L. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.

Performance

MAGG.L vs. MACG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) (MAGG.L) and BlackRock ESG Multi-Asset Conservative Portfolio UCITS ETF GBP Hedged (Acc) (MACG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGG.L achieves a 13.00% return, which is significantly higher than MACG.L's 4.32% return.

MAGG.L

• 1D: -0.70%
• 1M: 6.21%
• YTD: 13.00%
• 6M: 14.47%
• 1Y: 27.21%
• 3Y*: 16.87%
• 5Y*: 9.05%
• 10Y*: —

MACG.L

• 1D: -0.02%
• 1M: 1.99%
• YTD: 4.32%
• 6M: 5.03%
• 1Y: 9.48%
• 3Y*: 6.69%
• 5Y*: 2.21%
• 10Y*: —

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

MAGG.L vs. MACG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MAGG.L BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc)	13.00%	10.89%	19.68%	12.90%	-17.33%	18.23%	6.63%
MACG.L BlackRock ESG Multi-Asset Conservative Portfolio UCITS ETF GBP Hedged (Acc)	4.32%	6.37%	5.38%	6.25%	-12.51%	3.80%	2.03%

Correlation

The correlation between MAGG.L and MACG.L is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Sep 17, 2020	0.62

The correlation between MAGG.L and MACG.L shifts across timeframes, from 0.56 (3 years) to 0.67 (1 year), reflecting how their relationship changes across market environments.

MAGG.L vs. MACG.L - Sectors Allocation Comparison

Sectors	MAGG.L	MACG.L
Technology	32.3%	31.8%
Financial Services	15.1%	14.6%
Industrials	10.6%	10.5%
Consumer Cyclical	9.2%	9.1%
Communication Services	8.9%	9.0%
Healthcare	8.5%	8.1%
Consumer Defensive	4.1%	3.8%
Utilities	3.5%	4.6%
Energy	3.0%	3.6%
Basic Materials	2.8%	2.7%
Real Estate	2.1%	2.1%

Return for Risk

MAGG.L vs. MACG.L — Risk / Return Rank

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

MAGG.L

MAGG.L Risk / Return Rank: 81
MAGG.L Sharpe Ratio Rank: 81
MAGG.L Sortino Ratio Rank: 85
MAGG.L Omega Ratio Rank: 83
MAGG.L Calmar Ratio Rank: 74
MAGG.L Martin Ratio Rank: 81

MACG.L

MACG.L Risk / Return Rank: 63
MACG.L Sharpe Ratio Rank: 61
MACG.L Sortino Ratio Rank: 72
MACG.L Omega Ratio Rank: 70
MACG.L Calmar Ratio Rank: 49
MACG.L Martin Ratio Rank: 61

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.

MAGG.L vs. MACG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) (MAGG.L) and BlackRock ESG Multi-Asset Conservative Portfolio UCITS ETF GBP Hedged (Acc) (MACG.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.

	MAGG.L	MACG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.64	2.04	+0.59
Sortino ratio: Return per unit of downside risk	3.83	3.22	+0.61
Omega ratio: Gain probability vs. loss probability	1.50	1.42	+0.08
Calmar ratio: Return relative to maximum drawdown	3.68	2.38	+1.30
Martin ratio: Return relative to average drawdown	15.96	10.95	+5.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGG.L vs. MACG.L - Sharpe Ratio Comparison

The current MAGG.L Sharpe Ratio is 2.64, which is comparable to the MACG.L Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of MAGG.L and MACG.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

	MAGG.L	MACG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	2.04	+0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.43	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.50	+0.37

Drawdowns

MAGG.L vs. MACG.L - Drawdown Comparison

The maximum MAGG.L drawdown since its inception was -21.07%, which is greater than MACG.L's maximum drawdown of -14.85%. Use the drawdown chart below to compare losses from any high point for MAGG.L and MACG.L.

Drawdown Indicators

	MAGG.L	MACG.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.07%	-14.85%	-6.22%
Max Drawdown (1Y) Largest decline over 1 year	-7.36%	-3.97%	-3.39%
Max Drawdown (3Y) Largest decline over 3 years	-17.71%	-3.97%	-13.74%
Max Drawdown (5Y) Largest decline over 5 years	-21.07%	-14.85%	-6.22%
Current Drawdown Current decline from peak	-0.70%	-0.16%	-0.54%
Average Drawdown Average peak-to-trough decline	-5.73%	-4.77%	-0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.70%	0.86%	+0.84%

Volatility

MAGG.L vs. MACG.L - Volatility Comparison

BlackRock ESG Multi-Asset Growth Portfolio UCITS ETF GBP Hedged (Acc) (MAGG.L) has a higher volatility of 3.58% compared to BlackRock ESG Multi-Asset Conservative Portfolio UCITS ETF GBP Hedged (Acc) (MACG.L) at 1.79%. This indicates that MAGG.L's price experiences larger fluctuations and is considered to be riskier than MACG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGG.L	MACG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	1.79%	+1.79%
Volatility (6M) Calculated over the trailing 6-month period	8.07%	4.08%	+3.99%
Volatility (1Y) Calculated over the trailing 1-year period	10.30%	4.63%	+5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.08%	5.17%	+6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.05%	5.01%	+7.04%

MAGG.L vs. MACG.L - Expense Ratio Comparison

Both MAGG.L and MACG.L have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

MAGG.L vs. MACG.L - Dividend Comparison

Neither MAGG.L nor MACG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MAGG.L and MACG.L in my portfolio?

MAGG.L and MACG.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAGG.L or MACG.L?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MAGG.L or MACG.L?

MAGG.L and MACG.L have the same expense ratio: 0.25% per year.

What is the main difference between MAGG.L and MACG.L?

MAGG.L tracks Morningstar UK Mod Adv Tgt Alloc NR GBP, while MACG.L tracks Morningstar UK Mod Caut Tgt Alloc NR GBP.