UC46.L vs. LGUG.L

Last updated Jun 26, 2026

UC46.L (UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis) and LGUG.L (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from UBS and Legal & General respectively. Both are passively managed. Over the past 5 years, UC46.L returned 11.91%/yr vs 13.70%/yr for LGUG.L. Their correlation of 0.92 suggests significant overlap in exposure. UC46.L charges 0.22%/yr vs 0.05%/yr for LGUG.L.

Performance

UC46.L vs. LGUG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis (UC46.L) and L&G US Equity UCITS ETF (LGUG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UC46.L achieves a 14.63% return, which is significantly higher than LGUG.L's 9.40% return.

UC46.L

• 1D: -0.22%
• 1M: 3.24%
• YTD: 14.63%
• 6M: 14.48%
• 1Y: 27.02%
• 3Y*: 16.90%
• 5Y*: 11.91%
• 10Y*: 15.06%

LGUG.L

• 1D: -1.01%
• 1M: 0.00%
• YTD: 9.40%
• 6M: 9.46%
• 1Y: 25.64%
• 3Y*: 19.44%
• 5Y*: 13.70%
• 10Y*: —

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

UC46.L vs. LGUG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
UC46.L UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis	14.63%	2.79%	21.13%	25.01%	-16.49%	32.62%	18.59%	25.18%	-6.61%
LGUG.L L&G US Equity UCITS ETF	9.40%	9.75%	27.44%	21.53%	-10.98%	29.52%	17.11%	26.81%	-29.04%

Correlation

The correlation between UC46.L and LGUG.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 (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018	0.92

The correlation between UC46.L and LGUG.L has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

UC46.L vs. LGUG.L - Sectors Allocation Comparison

Sectors	UC46.L	LGUG.L
Technology	42.8%	38.5%
Financial Services	13.2%	11.3%
Consumer Cyclical	12.7%	9.8%
Industrials	9.5%	7.8%
Healthcare	9.3%	8.9%
Consumer Defensive	4.6%	4.7%
Communication Services	2.9%	10.7%
Real Estate	2.6%	1.6%
Basic Materials	1.8%	1.6%
Utilities	0.7%	1.9%
Energy	-	3.2%

Return for Risk

UC46.L vs. LGUG.L — Risk / Return Rank

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

UC46.L

UC46.L Risk / Return Rank: 69
UC46.L Sharpe Ratio Rank: 76
UC46.L Sortino Ratio Rank: 75
UC46.L Omega Ratio Rank: 74
UC46.L Calmar Ratio Rank: 63
UC46.L Martin Ratio Rank: 56

LGUG.L

LGUG.L Risk / Return Rank: 76
LGUG.L Sharpe Ratio Rank: 81
LGUG.L Sortino Ratio Rank: 80
LGUG.L Omega Ratio Rank: 81
LGUG.L Calmar Ratio Rank: 72
LGUG.L Martin Ratio Rank: 67

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.

UC46.L vs. LGUG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis (UC46.L) and L&G US Equity UCITS ETF (LGUG.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.

	UC46.L	LGUG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.27	-0.14
Sortino ratio: Return per unit of downside risk	2.96	3.11	-0.14
Omega ratio: Gain probability vs. loss probability	1.38	1.42	-0.03
Calmar ratio: Return relative to maximum drawdown	2.75	3.19	-0.44
Martin ratio: Return relative to average drawdown	8.83	10.64	-1.81

UC46.L vs. LGUG.L - Sharpe Ratio Comparison

The current UC46.L Sharpe Ratio is 2.13, which is comparable to the LGUG.L Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of UC46.L and LGUG.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

UC46.L vs. LGUG.L - Drawdown Comparison

The maximum UC46.L drawdown since its inception was -41.58%, which is greater than LGUG.L's maximum drawdown of -30.90%. Use the drawdown chart below to compare losses from any high point for UC46.L and LGUG.L.

Drawdown Indicators

	UC46.L	LGUG.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.58%	-30.90%	-10.68%
Max Drawdown (1Y) Largest decline over 1 year	-9.80%	-8.01%	-1.79%
Max Drawdown (3Y) Largest decline over 3 years	-22.59%	-21.49%	-1.10%
Max Drawdown (5Y) Largest decline over 5 years	-23.06%	-21.49%	-1.57%
Max Drawdown (10Y) Largest decline over 10 years	-25.03%	—	—
Current Drawdown Current decline from peak	-0.59%	-1.57%	+0.98%
Average Drawdown Average peak-to-trough decline	-8.41%	-7.12%	-1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.40%	+0.65%

Volatility

UC46.L vs. LGUG.L - Volatility Comparison

UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis (UC46.L) has a higher volatility of 4.38% compared to L&G US Equity UCITS ETF (LGUG.L) at 3.67%. This indicates that UC46.L's price experiences larger fluctuations and is considered to be riskier than LGUG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UC46.L	LGUG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	3.67%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	9.63%	8.08%	+1.55%
Volatility (1Y) Calculated over the trailing 1-year period	12.60%	11.24%	+1.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.83%	20.33%	-4.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	21.46%	-5.24%

UC46.L vs. LGUG.L - Expense Ratio Comparison

UC46.L has a 0.22% expense ratio, which is higher than LGUG.L's 0.05% 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

UC46.L vs. LGUG.L - Dividend Comparison

UC46.L's dividend yield for the trailing twelve months is around 0.42%, while LGUG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LGUG.L L&G US 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%
UC46.L UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (USD) A-dis	0.42%	0.80%	0.72%	0.75%	0.86%	0.64%	0.87%	1.03%	1.02%	1.23%	1.18%	1.24%

Frequently Asked Questions

Can I hold both UC46.L and LGUG.L in my portfolio?

UC46.L and LGUG.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.

Which ETF is better, UC46.L or LGUG.L?

On fees, LGUG.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UC46.L or LGUG.L?

LGUG.L is cheaper with a 0.05% expense ratio, compared with 0.22% for UC46.L.

What is the main difference between UC46.L and LGUG.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: UBS and Legal & General. Their fees differ too: 0.22% for UC46.L and 0.05% for LGUG.L.