PSRW.L vs. LGGL.L

Last updated Jun 24, 2026

PSRW.L (Invesco FTSE RAFI All World 3000 UCITS ETF) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - PSRW.L tracks the MSCI ACWI Value 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, PSRW.L returned 13.62%/yr vs 12.61%/yr for LGGL.L. Their correlation of 0.82 suggests significant overlap in exposure. PSRW.L charges 0.39%/yr vs 0.10%/yr for LGGL.L.

Performance

PSRW.L vs. LGGL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) and L&G Global Equity UCITS ETF (LGGL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PSRW.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, PSRW.L achieves a 15.72% return, which is significantly higher than LGGL.L's 9.99% return.

PSRW.L

• 1D: -0.86%
• 1M: 1.64%
• YTD: 15.72%
• 6M: 16.54%
• 1Y: 35.64%
• 3Y*: 19.74%
• 5Y*: 13.62%
• 10Y*: 12.80%

LGGL.L

• 1D: -1.22%
• 1M: 0.80%
• YTD: 9.99%
• 6M: 10.30%
• 1Y: 27.18%
• 3Y*: 18.30%
• 5Y*: 12.61%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PSRW.L Invesco FTSE RAFI All World 3000 UCITS ETF	15.72%	19.97%	12.95%	10.09%	2.42%	22.39%	2.67%	17.83%	-6.69%
LGGL.L L&G Global Equity UCITS ETF	9.99%	12.55%	21.28%	18.77%	-8.29%	23.09%	12.93%	22.15%	-6.16%

Correlation

The correlation between PSRW.L and LGGL.L is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.82

The correlation between PSRW.L and LGGL.L has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

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

Sectors	PSRW.L	LGGL.L
Technology	20.3%	31.5%
Financial Services	18.5%	15.2%
Industrials	9.8%	10.5%
Energy	9.0%	3.6%
Healthcare	8.7%	8.6%
Consumer Cyclical	8.7%	9.4%
Communication Services	7.4%	9.2%
Basic Materials	6.8%	3.2%
Consumer Defensive	5.5%	4.9%
Utilities	3.5%	2.3%
Real Estate	1.8%	1.7%

Return for Risk

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

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

PSRW.L

PSRW.L Risk / Return Rank: 93
PSRW.L Sharpe Ratio Rank: 95
PSRW.L Sortino Ratio Rank: 95
PSRW.L Omega Ratio Rank: 95
PSRW.L Calmar Ratio Rank: 90
PSRW.L Martin Ratio Rank: 91

LGGL.L

LGGL.L Risk / Return Rank: 68
LGGL.L Sharpe Ratio Rank: 67
LGGL.L Sortino Ratio Rank: 73
LGGL.L Omega Ratio Rank: 66
LGGL.L Calmar Ratio Rank: 64
LGGL.L Martin Ratio Rank: 71

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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.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.

	PSRW.L	LGGL.L	Difference
Sharpe ratio: Return per unit of total volatility	3.57	2.26	+1.31
Sortino ratio: Return per unit of downside risk	4.82	3.18	+1.64
Omega ratio: Gain probability vs. loss probability	1.68	1.42	+0.26
Calmar ratio: Return relative to maximum drawdown	5.38	4.11	+1.27
Martin ratio: Return relative to average drawdown	20.52	15.04	+5.48

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

The current PSRW.L Sharpe Ratio is 3.57, which is higher than the LGGL.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of PSRW.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

PSRW.L vs. LGGL.L - Drawdown Comparison

The maximum PSRW.L drawdown since its inception was -78.62%, 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 PSRW.L and LGGL.L.

Drawdown Indicators

	PSRW.L	LGGL.L	Difference
Max Drawdown Largest peak-to-trough decline	-78.62%	-25.97%	-52.65%
Max Drawdown (1Y) Largest decline over 1 year	-6.59%	-6.59%	0.00%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-19.24%	+5.01%
Max Drawdown (5Y) Largest decline over 5 years	-14.23%	-19.24%	+5.01%
Max Drawdown (10Y) Largest decline over 10 years	-29.05%	—	—
Current Drawdown Current decline from peak	-1.06%	-1.37%	+0.31%
Average Drawdown Average peak-to-trough decline	-27.67%	-3.28%	-24.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	1.80%	-0.07%

Volatility

PSRW.L vs. LGGL.L - Volatility Comparison

Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) and L&G Global Equity UCITS ETF (LGGL.L) have volatilities of 3.65% and 3.84%, 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.

Volatility by Period

	PSRW.L	LGGL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	3.84%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	7.73%	9.41%	-1.68%
Volatility (1Y) Calculated over the trailing 1-year period	9.93%	11.98%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.24%	14.52%	-2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.39%	16.26%	-1.87%

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

PSRW.L has a 0.39% expense ratio, which is higher than LGGL.L's 0.10% expense ratio.

Dividends

PSRW.L vs. LGGL.L - Dividend Comparison

PSRW.L's dividend yield for the trailing twelve months is around 1.70%, while LGGL.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGGL.L L&G Global Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSRW.L Invesco FTSE RAFI All World 3000 UCITS ETF	1.70%	2.00%	2.29%	2.46%	2.58%	1.96%	1.99%	2.45%	2.52%	2.03%	1.93%	2.00%

Frequently Asked Questions

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

PSRW.L and LGGL.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

LGGL.L is cheaper with a 0.10% expense ratio, compared with 0.39% for PSRW.L.

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

PSRW.L tracks MSCI ACWI Value NR USD, 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: 0.39% for PSRW.L and 0.10% for LGGL.L.