SGWS.L vs. LGGL.L
SGWS.L (iShares MSCI World SRI UCITS ETF GBP Hedged (Dist)) and LGGL.L (L&G Global Equity UCITS ETF) are both Global Equities funds - SGWS.L tracks the MSCI World SRI Select Reduced Fossil Fuel Index while LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, SGWS.L returned 9.69%/yr vs 12.08%/yr for LGGL.L. Their correlation of 0.80 suggests significant overlap in exposure. SGWS.L charges 0.23%/yr vs 0.10%/yr for LGGL.L.
Performance
SGWS.L vs. LGGL.L - Performance Comparison
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Different Trading Currencies
SGWS.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, SGWS.L achieves a 10.87% return, which is significantly higher than LGGL.L's 9.26% return.
SGWS.L
- 1D
- -1.10%
- 1M
- -1.67%
- 6M
- 7.19%
- YTD
- 10.87%
- 1Y
- 19.03%
- 3Y*
- 14.15%
- 5Y*
- 9.69%
- 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*
- —
SGWS.L vs. LGGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 10.87% | 12.73% | 13.86% | 24.27% | -20.28% | 28.51% | 7.96% |
LGGL.L L&G Global Equity UCITS ETF | 9.26% | 12.55% | 21.28% | 18.77% | -8.29% | 23.09% | 3.97% |
Correlation
The correlation between SGWS.L and LGGL.L is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.80 |
The correlation between SGWS.L and LGGL.L has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
SGWS.L vs. LGGL.L — Risk / Return Rank
SGWS.L
LGGL.L
SGWS.L vs. LGGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.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.
| SGWS.L | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.04 | -0.84 |
| Martin ratioReturn relative to average drawdown | 8.49 | 10.99 | -2.50 |
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Drawdowns
SGWS.L vs. LGGL.L - Drawdown Comparison
The maximum SGWS.L drawdown since its inception was -25.65%, roughly equal to the maximum LGGL.L drawdown of -25.97%. Use the drawdown chart below to compare losses from any high point for SGWS.L and LGGL.L.
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Drawdown Indicators
| SGWS.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.65% | -25.97% | +0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -6.59% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -19.24% | +1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -19.24% | -6.41% |
Current DrawdownCurrent decline from peak | -2.39% | -1.93% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -3.25% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.83% | +0.40% |
Volatility
SGWS.L vs. LGGL.L - Volatility Comparison
iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) has a higher volatility of 4.16% compared to L&G Global Equity UCITS ETF (LGGL.L) at 3.15%. This indicates that SGWS.L's price experiences larger fluctuations and is considered to be riskier 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
| SGWS.L | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 3.15% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 9.62% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 12.12% | +1.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 14.54% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 16.22% | -1.02% |
SGWS.L vs. LGGL.L - Expense Ratio Comparison
SGWS.L has a 0.23% 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
SGWS.L vs. LGGL.L - Dividend Comparison
SGWS.L's dividend yield for the trailing twelve months is around 1.17%, while LGGL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
LGGL.L L&G Global Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 1.17% | 1.16% | 1.36% | 1.47% | 1.75% | 1.16% | 0.10% |
Frequently Asked Questions
SGWS.L and LGGL.L have a correlation of 0.78, 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 0.23% for SGWS.L.
SGWS.L tracks MSCI World SRI Select Reduced Fossil Fuel Index, 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: 0.23% for SGWS.L and 0.10% for LGGL.L.
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