MWEP.L vs. LGGG.L
MWEP.L (Invesco MSCI World Equal Weight UCITS ETF Acc) and LGGG.L (L&G Global Equity UCITS ETF) are both Global Equities funds - MWEP.L tracks the MSCI World Equal Weighted Index while LGGG.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past year, MWEP.L returned 17.34% vs 19.99% for LGGG.L. A 0.75 correlation means they provide meaningful diversification when combined. MWEP.L charges 0.20%/yr vs 0.10%/yr for LGGG.L.
Performance
MWEP.L vs. LGGG.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MWEP.L having a 9.31% return and LGGG.L slightly lower at 9.06%.
MWEP.L
- 1D
- 0.00%
- 1M
- -0.30%
- 6M
- 5.88%
- YTD
- 9.31%
- 1Y
- 17.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LGGG.L
- 1D
- -0.94%
- 1M
- -1.25%
- 6M
- 6.82%
- YTD
- 9.06%
- 1Y
- 19.99%
- 3Y*
- 17.35%
- 5Y*
- 12.09%
- 10Y*
- —
MWEP.L vs. LGGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MWEP.L Invesco MSCI World Equal Weight UCITS ETF Acc | 9.31% | 13.60% | -20.16% |
LGGG.L L&G Global Equity UCITS ETF | 9.06% | 12.92% | 8.19% |
Correlation
The correlation between MWEP.L and LGGG.L is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.75 |
The correlation between MWEP.L and LGGG.L has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
MWEP.L vs. LGGG.L — Risk / Return Rank
MWEP.L
LGGG.L
MWEP.L vs. LGGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World Equal Weight UCITS ETF Acc (MWEP.L) and L&G Global Equity UCITS ETF (LGGG.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.
| MWEP.L | LGGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.35 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.98 | -0.72 |
| Martin ratioReturn relative to average drawdown | 8.87 | 11.53 | -2.66 |
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Drawdowns
MWEP.L vs. LGGG.L - Drawdown Comparison
The maximum MWEP.L drawdown since its inception was -27.56%, smaller than the maximum LGGG.L drawdown of -30.19%. Use the drawdown chart below to compare losses from any high point for MWEP.L and LGGG.L.
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Drawdown Indicators
| MWEP.L | LGGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.56% | -30.19% | +2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.71% | -6.67% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.95% | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.90% | +0.87% |
Average DrawdownAverage peak-to-trough decline | -13.21% | -7.13% | -6.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.73% | +0.23% |
Volatility
MWEP.L vs. LGGG.L - Volatility Comparison
Invesco MSCI World Equal Weight UCITS ETF Acc (MWEP.L) and L&G Global Equity UCITS ETF (LGGG.L) have volatilities of 2.85% and 2.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWEP.L | LGGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 2.73% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.83% | 7.88% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.68% | 10.57% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.67% | 19.13% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.67% | 20.30% | +0.37% |
MWEP.L vs. LGGG.L - Expense Ratio Comparison
MWEP.L has a 0.20% expense ratio, which is higher than LGGG.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MWEP.L vs. LGGG.L - Dividend Comparison
Neither MWEP.L nor LGGG.L has paid dividends to shareholders.
Frequently Asked Questions
MWEP.L and LGGG.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGGG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGGG.L is cheaper with a 0.10% expense ratio, compared with 0.20% for MWEP.L.
MWEP.L tracks MSCI World Equal Weighted Index, while LGGG.L tracks MSCI ACWI NR USD. They also come from different issuers: Invesco and Legal & General. Their fees differ too: 0.20% for MWEP.L and 0.10% for LGGG.L.
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