MVEW.L vs. LGGL.L
MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - MVEW.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, MVEW.L returned 5.98%/yr vs 12.08%/yr for LGGL.L. A 0.59 correlation means they provide meaningful diversification when combined. MVEW.L charges 0.30%/yr vs 0.10%/yr for LGGL.L.
Performance
MVEW.L vs. LGGL.L - Performance Comparison
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Different Trading Currencies
MVEW.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, MVEW.L achieves a 2.49% return, which is significantly lower than LGGL.L's 9.26% return.
MVEW.L
- 1D
- 0.82%
- 1M
- 2.15%
- 6M
- 2.15%
- YTD
- 2.49%
- 1Y
- 5.47%
- 3Y*
- 8.21%
- 5Y*
- 5.98%
- 10Y*
- —
LGGL.L
- 1D
- -0.90%
- 1M
- -1.88%
- 6M
- 6.84%
- YTD
- 9.26%
- 1Y
- 20.12%
- 3Y*
- 17.31%
- 5Y*
- 12.08%
- 10Y*
- —
MVEW.L vs. LGGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MVEW.L iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 2.49% | 3.61% | 12.60% | 3.91% | -0.44% | 12.39% |
LGGL.L L&G Global Equity UCITS ETF | 9.26% | 12.55% | 21.28% | 18.77% | -8.29% | 12.62% |
Correlation
The correlation between MVEW.L and LGGL.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 14, 2021 | 0.59 |
Over the past year, the correlation between MVEW.L and LGGL.L has dropped to 0.27 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
MVEW.L vs. LGGL.L — Risk / Return Rank
MVEW.L
LGGL.L
MVEW.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 ESG UCITS ETF (Acc) (MVEW.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.
| MVEW.L | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.31 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 3.04 | -2.10 |
| Martin ratioReturn relative to average drawdown | 2.34 | 10.99 | -8.65 |
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Drawdowns
MVEW.L vs. LGGL.L - Drawdown Comparison
The maximum MVEW.L drawdown since its inception was -10.07%, smaller than the maximum LGGL.L drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for MVEW.L and LGGL.L.
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Drawdown Indicators
| MVEW.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.07% | -25.97% | +15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -5.78% | -6.59% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -8.99% | -19.24% | +10.25% |
Max Drawdown (5Y)Largest decline over 5 years | -10.07% | -19.24% | +9.17% |
Current DrawdownCurrent decline from peak | -0.96% | -1.93% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -3.25% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.83% | +0.50% |
Volatility
MVEW.L vs. LGGL.L - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) is 2.59%, while L&G Global Equity UCITS ETF (LGGL.L) has a volatility of 3.15%. This indicates that MVEW.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.
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Volatility by Period
| MVEW.L | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 3.15% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 6.17% | 9.62% | -3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.30% | 12.12% | -3.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.87% | 14.54% | -4.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.82% | 16.22% | -6.40% |
MVEW.L vs. LGGL.L - Expense Ratio Comparison
MVEW.L has a 0.30% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.
Dividends
MVEW.L vs. LGGL.L - Dividend Comparison
Neither MVEW.L nor LGGL.L has paid dividends to shareholders.
Frequently Asked Questions
MVEW.L and LGGL.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.30% for MVEW.L.
MVEW.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: 0.30% for MVEW.L and 0.10% for LGGL.L.
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