MINV.L vs. LGGL.L

Last updated Jun 26, 2026

MINV.L (iShares Edge MSCI World Minimum Volatility UCITS ETF) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - MINV.L tracks the MSCI ACWI NR USD while LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, MINV.L returned 6.05%/yr vs 12.47%/yr for LGGL.L. A 0.64 correlation means they provide meaningful diversification when combined. MINV.L charges 0.35%/yr vs 0.10%/yr for LGGL.L.

Performance

MINV.L vs. LGGL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and L&G Global Equity UCITS ETF (LGGL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MINV.L is traded in GBp, while LGGL.L is traded in USD. To make them comparable, the LGGL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, MINV.L achieves a 1.81% return, which is significantly lower than LGGL.L's 9.94% return.

MINV.L

• 1D: -0.39%
• 1M: 0.45%
• YTD: 1.81%
• 6M: 2.26%
• 1Y: 5.16%
• 3Y*: 7.65%
• 5Y*: 6.05%
• 10Y*: 7.15%

LGGL.L

• 1D: -0.55%
• 1M: 0.47%
• YTD: 9.94%
• 6M: 9.99%
• 1Y: 26.44%
• 3Y*: 18.29%
• 5Y*: 12.47%
• 10Y*: —

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

MINV.L vs. LGGL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF	1.81%	3.37%	12.86%	1.50%	1.23%	15.98%	-1.05%	18.84%	-2.62%
LGGL.L L&G Global Equity UCITS ETF	9.94%	12.55%	21.28%	18.77%	-8.29%	23.09%	12.93%	22.15%	-6.16%

Correlation

The correlation between MINV.L and LGGL.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.64

Over the past year, the correlation between MINV.L and LGGL.L has dropped to 0.24 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

MINV.L vs. LGGL.L - Sectors Allocation Comparison

Sectors	MINV.L	LGGL.L
Technology	23.6%	31.5%
Healthcare	14.0%	8.6%
Financial Services	13.3%	15.2%
Communication Services	11.1%	9.2%
Consumer Defensive	10.4%	4.9%
Industrials	8.9%	10.5%
Utilities	7.6%	2.3%
Consumer Cyclical	5.4%	9.4%
Energy	3.9%	3.6%
Real Estate	1.1%	1.7%
Basic Materials	0.9%	3.2%

Return for Risk

MINV.L vs. LGGL.L — Risk / Return Rank

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

MINV.L

MINV.L Risk / Return Rank: 19
MINV.L Sharpe Ratio Rank: 20
MINV.L Sortino Ratio Rank: 19
MINV.L Omega Ratio Rank: 18
MINV.L Calmar Ratio Rank: 20
MINV.L Martin Ratio Rank: 20

LGGL.L

LGGL.L Risk / Return Rank: 64
LGGL.L Sharpe Ratio Rank: 62
LGGL.L Sortino Ratio Rank: 68
LGGL.L Omega Ratio Rank: 61
LGGL.L Calmar Ratio Rank: 60
LGGL.L Martin Ratio Rank: 68

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.

MINV.L vs. LGGL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) and L&G Global Equity UCITS ETF (LGGL.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.

	MINV.L	LGGL.L	Difference
Sharpe ratio: Return per unit of total volatility	0.64	2.20	-1.56
Sortino ratio: Return per unit of downside risk	1.00	3.11	-2.11
Omega ratio: Gain probability vs. loss probability	1.11	1.41	-0.30
Calmar ratio: Return relative to maximum drawdown	0.82	3.99	-3.18
Martin ratio: Return relative to average drawdown	2.10	14.61	-12.52

MINV.L vs. LGGL.L - Sharpe Ratio Comparison

The current MINV.L Sharpe Ratio is 0.64, which is lower than the LGGL.L Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of MINV.L and LGGL.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.

Drawdowns

MINV.L vs. LGGL.L - Drawdown Comparison

The maximum MINV.L drawdown since its inception was -39.64%, which is greater than LGGL.L's maximum drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for MINV.L and LGGL.L.

Drawdown Indicators

	MINV.L	LGGL.L	Difference
Max Drawdown Largest peak-to-trough decline	-39.64%	-25.97%	-13.67%
Max Drawdown (1Y) Largest decline over 1 year	-6.31%	-6.59%	+0.28%
Max Drawdown (3Y) Largest decline over 3 years	-20.10%	-19.24%	-0.86%
Max Drawdown (5Y) Largest decline over 5 years	-20.10%	-19.24%	-0.86%
Max Drawdown (10Y) Largest decline over 10 years	-20.38%	—	—
Current Drawdown Current decline from peak	-2.83%	-1.31%	-1.52%
Average Drawdown Average peak-to-trough decline	-8.65%	-3.27%	-5.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	1.81%	+0.65%

Volatility

MINV.L vs. LGGL.L - Volatility Comparison

The current volatility for iShares Edge MSCI World Minimum Volatility UCITS ETF (MINV.L) is 1.93%, while L&G Global Equity UCITS ETF (LGGL.L) has a volatility of 3.86%. This indicates that MINV.L experiences smaller price fluctuations and is considered to be less risky than LGGL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MINV.L	LGGL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	3.86%	-1.93%
Volatility (6M) Calculated over the trailing 6-month period	5.96%	9.42%	-3.46%
Volatility (1Y) Calculated over the trailing 1-year period	8.01%	11.95%	-3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	14.52%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.23%	16.26%	-1.03%

MINV.L vs. LGGL.L - Expense Ratio Comparison

MINV.L has a 0.35% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.

Dividends

MINV.L vs. LGGL.L - Dividend Comparison

Neither MINV.L nor LGGL.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MINV.L and LGGL.L in my portfolio?

MINV.L and LGGL.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MINV.L or LGGL.L?

On fees, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MINV.L or LGGL.L?

LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.35% for MINV.L.

What is the main difference between MINV.L and LGGL.L?

MINV.L tracks MSCI ACWI NR USD, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. They also come from different issuers: iShares and L&G. Their fees differ too: 0.35% for MINV.L and 0.10% for LGGL.L.