MWEQ.L vs. LGGG.L
MWEQ.L (Invesco MSCI World Equal Weight UCITS ETF Acc) and LGGG.L (L&G Global Equity UCITS ETF) are both Global Equities funds - MWEQ.L tracks the MSCI World Equal Weighted Net Total Return USD Index while LGGG.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past year, MWEQ.L returned 17.85% vs 21.68% for LGGG.L. A 0.78 correlation means they provide meaningful diversification when combined. MWEQ.L charges 0.20%/yr vs 0.10%/yr for LGGG.L.
Performance
MWEQ.L vs. LGGG.L - Performance Comparison
Loading charts...
Different Trading Currencies
MWEQ.L is traded in USD, while LGGG.L is traded in GBp. To make them comparable, the LGGG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with MWEQ.L having a 7.27% return and LGGG.L slightly higher at 7.63%.
MWEQ.L
- 1D
- 0.00%
- 1M
- -0.53%
- YTD
- 7.27%
- 6M
- 7.09%
- 1Y
- 17.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LGGG.L
- 1D
- -0.36%
- 1M
- -1.49%
- YTD
- 7.63%
- 6M
- 7.37%
- 1Y
- 21.68%
- 3Y*
- 19.74%
- 5Y*
- 11.38%
- 10Y*
- —
MWEQ.L vs. LGGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MWEQ.L Invesco MSCI World Equal Weight UCITS ETF Acc | 7.27% | 21.96% | 0.07% |
LGGG.L L&G Global Equity UCITS ETF | 7.63% | 21.45% | 3.22% |
Correlation
The correlation between MWEQ.L and LGGG.L is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.78 |
The correlation between MWEQ.L and LGGG.L has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MWEQ.L vs. LGGG.L — Risk / Return Rank
MWEQ.L
LGGG.L
MWEQ.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 (MWEQ.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.
| MWEQ.L | LGGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.47 | -0.41 |
| Martin ratioReturn relative to average drawdown | 7.82 | 10.54 | -2.72 |
Loading charts...
Drawdowns
MWEQ.L vs. LGGG.L - Drawdown Comparison
The maximum MWEQ.L drawdown since its inception was -12.95%, smaller than the maximum LGGG.L drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for MWEQ.L and LGGG.L.
Loading charts...
Drawdown Indicators
| MWEQ.L | LGGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -37.64% | +24.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -8.74% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.41% | — |
Current DrawdownCurrent decline from peak | -1.78% | -2.47% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -8.83% | +7.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.05% | +0.23% |
Volatility
MWEQ.L vs. LGGG.L - Volatility Comparison
The current volatility for Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) is 3.30%, while L&G Global Equity UCITS ETF (LGGG.L) has a volatility of 3.55%. This indicates that MWEQ.L experiences smaller price fluctuations and is considered to be less risky than LGGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MWEQ.L | LGGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 3.55% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 9.14% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 11.69% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 20.52% | -6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 21.84% | -7.80% |
MWEQ.L vs. LGGG.L - Expense Ratio Comparison
MWEQ.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
MWEQ.L vs. LGGG.L - Dividend Comparison
Neither MWEQ.L nor LGGG.L has paid dividends to shareholders.
Frequently Asked Questions
MWEQ.L and LGGG.L have a correlation of 0.76, 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 MWEQ.L.
MWEQ.L tracks MSCI World Equal Weighted Net Total Return USD 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 MWEQ.L and 0.10% for LGGG.L.
Find the right allocation for MWEQ.L and LGGG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer