MWEQ.L vs. LGGL.L
MWEQ.L (Invesco MSCI World Equal Weight UCITS ETF Acc) and LGGL.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 LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past year, MWEQ.L returned 17.85% vs 22.16% for LGGL.L. Their correlation of 0.84 suggests significant overlap in exposure. MWEQ.L charges 0.20%/yr vs 0.10%/yr for LGGL.L.
Performance
MWEQ.L vs. LGGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, MWEQ.L achieves a 7.27% return, which is significantly lower than LGGL.L's 7.69% return.
MWEQ.L
- 1D
- 0.00%
- 1M
- -0.53%
- YTD
- 7.27%
- 6M
- 7.09%
- 1Y
- 17.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LGGL.L
- 1D
- -0.34%
- 1M
- -1.40%
- YTD
- 7.69%
- 6M
- 7.48%
- 1Y
- 22.16%
- 3Y*
- 19.78%
- 5Y*
- 11.34%
- 10Y*
- —
MWEQ.L vs. LGGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MWEQ.L Invesco MSCI World Equal Weight UCITS ETF Acc | 7.27% | 21.96% | 0.07% |
LGGL.L L&G Global Equity UCITS ETF | 7.69% | 21.18% | 3.64% |
Correlation
The correlation between MWEQ.L and LGGL.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.84 |
The correlation between MWEQ.L and LGGL.L has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
MWEQ.L vs. LGGL.L — Risk / Return Rank
MWEQ.L
LGGL.L
MWEQ.L vs. LGGL.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 (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.
| MWEQ.L | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.62 | -0.56 |
| Martin ratioReturn relative to average drawdown | 7.82 | 10.89 | -3.07 |
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Drawdowns
MWEQ.L vs. LGGL.L - Drawdown Comparison
The maximum MWEQ.L drawdown since its inception was -12.95%, smaller than the maximum LGGL.L drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for MWEQ.L and LGGL.L.
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Drawdown Indicators
| MWEQ.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -33.89% | +20.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -8.42% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.76% | — |
Current DrawdownCurrent decline from peak | -1.78% | -2.44% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -1.66% | -4.94% | +3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.03% | +0.25% |
Volatility
MWEQ.L vs. LGGL.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 (LGGL.L) has a volatility of 3.85%. This indicates that MWEQ.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
| MWEQ.L | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.30% | 3.85% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 10.08% | 9.72% | +0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.60% | 12.18% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.04% | 15.64% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.04% | 17.14% | -3.10% |
MWEQ.L vs. LGGL.L - Expense Ratio Comparison
MWEQ.L has a 0.20% expense ratio, which is higher than LGGL.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. LGGL.L - Dividend Comparison
Neither MWEQ.L nor LGGL.L has paid dividends to shareholders.
Frequently Asked Questions
MWEQ.L and LGGL.L have a correlation of 0.86, 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 0.20% for MWEQ.L.
MWEQ.L tracks MSCI World Equal Weighted Net Total Return USD Index, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. They also come from different issuers: Invesco and L&G. Their fees differ too: 0.20% for MWEQ.L and 0.10% for LGGL.L.
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