UKRE.L vs. LGGG.L
UKRE.L (iShares MSCI Target UK Real Estate UCITS ETF) and LGGG.L (L&G Global Equity UCITS ETF) are both exchange-traded funds - UKRE.L is a REIT fund tracking the MSCI UK IMI Liquid Real Estate Index, while LGGG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, UKRE.L returned -2.05%/yr vs 12.78%/yr for LGGG.L. At a 0.33 correlation, their price movements are largely independent. UKRE.L charges 0.40%/yr vs 0.10%/yr for LGGG.L.
Performance
UKRE.L vs. LGGG.L - Performance Comparison
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Returns By Period
In the year-to-date period, UKRE.L achieves a 1.43% return, which is significantly lower than LGGG.L's 8.87% return.
UKRE.L
- 1D
- 1.37%
- 1M
- 2.91%
- YTD
- 1.43%
- 6M
- 3.88%
- 1Y
- 1.31%
- 3Y*
- 3.06%
- 5Y*
- -2.05%
- 10Y*
- 0.74%
LGGG.L
- 1D
- 1.52%
- 1M
- 0.35%
- YTD
- 8.87%
- 6M
- 9.38%
- 1Y
- 25.53%
- 3Y*
- 17.25%
- 5Y*
- 12.78%
- 10Y*
- —
UKRE.L vs. LGGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | 1.43% | 6.21% | -7.39% | 7.02% | -24.23% | 21.16% | -10.46% | 21.84% | -5.54% |
LGGG.L L&G Global Equity UCITS ETF | 8.87% | 12.92% | 21.13% | 18.08% | -8.24% | 23.53% | 12.41% | 22.99% | -27.80% |
Correlation
The correlation between UKRE.L and LGGG.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.33 |
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Return for Risk
UKRE.L vs. LGGG.L — Risk / Return Rank
UKRE.L
LGGG.L
UKRE.L vs. LGGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Target UK Real Estate UCITS ETF (UKRE.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.
| UKRE.L | LGGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.45 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 3.72 | -3.71 |
| Martin ratioReturn relative to average drawdown | 0.02 | 14.54 | -14.52 |
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Drawdowns
UKRE.L vs. LGGG.L - Drawdown Comparison
The maximum UKRE.L drawdown since its inception was -31.82%, which is greater than LGGG.L's maximum drawdown of -30.19%. Use the drawdown chart below to compare losses from any high point for UKRE.L and LGGG.L.
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Drawdown Indicators
| UKRE.L | LGGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.82% | -30.19% | -1.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.51% | -6.67% | -4.84% |
Max Drawdown (3Y)Largest decline over 3 years | -15.60% | -19.95% | +4.35% |
Max Drawdown (5Y)Largest decline over 5 years | -31.82% | -19.95% | -11.87% |
Max Drawdown (10Y)Largest decline over 10 years | -31.82% | — | — |
Current DrawdownCurrent decline from peak | -19.10% | -1.28% | -17.82% |
Average DrawdownAverage peak-to-trough decline | -11.98% | -7.21% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 1.71% | +3.08% |
Volatility
UKRE.L vs. LGGG.L - Volatility Comparison
iShares MSCI Target UK Real Estate UCITS ETF (UKRE.L) has a higher volatility of 3.82% compared to L&G Global Equity UCITS ETF (LGGG.L) at 3.26%. This indicates that UKRE.L's price experiences larger fluctuations and is considered to be riskier than LGGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UKRE.L | LGGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 3.26% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 10.13% | 7.66% | +2.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.71% | 10.41% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.48% | 19.10% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.76% | 20.40% | -6.64% |
UKRE.L vs. LGGG.L - Expense Ratio Comparison
UKRE.L has a 0.40% expense ratio, which is higher than LGGG.L's 0.10% expense ratio.
Dividends
UKRE.L vs. LGGG.L - Dividend Comparison
UKRE.L's dividend yield for the trailing twelve months is around 6.71%, while LGGG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGGG.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% |
UKRE.L iShares MSCI Target UK Real Estate UCITS ETF | 6.71% | 7.07% | 7.68% | 5.20% | 1.90% | 0.86% | 1.45% | 2.09% | 2.60% | 2.31% | 1.76% | 0.86% |
Frequently Asked Questions
UKRE.L and LGGG.L have a correlation of 0.34, 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 0.40% for UKRE.L.
UKRE.L is categorized as REIT, while LGGG.L is Global Equities. UKRE.L tracks MSCI UK IMI Liquid Real Estate Index, while LGGG.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.40% for UKRE.L and 0.10% for LGGG.L.
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