UQLT.L vs. LGUG.L
UQLT.L (UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist)) and LGUG.L (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds - UQLT.L tracks the MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index while LGUG.L tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, UQLT.L returned 11.21%/yr vs 13.09%/yr for LGUG.L. A 0.78 correlation means they provide meaningful diversification when combined. UQLT.L charges 0.28%/yr vs 0.05%/yr for LGUG.L.
Performance
UQLT.L vs. LGUG.L - Performance Comparison
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Returns By Period
In the year-to-date period, UQLT.L achieves a 10.15% return, which is significantly higher than LGUG.L's 9.08% return.
UQLT.L
- 1D
- -0.84%
- 1M
- 0.58%
- 6M
- 8.77%
- YTD
- 10.15%
- 1Y
- 23.33%
- 3Y*
- 18.68%
- 5Y*
- 11.21%
- 10Y*
- 14.42%
LGUG.L
- 1D
- -0.92%
- 1M
- -0.84%
- 6M
- 7.45%
- YTD
- 9.08%
- 1Y
- 19.38%
- 3Y*
- 18.60%
- 5Y*
- 13.09%
- 10Y*
- —
UQLT.L vs. LGUG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) | 10.15% | 17.64% | 20.58% | 33.76% | -25.29% | 27.69% | 19.02% | 34.52% | -10.11% |
LGUG.L L&G US Equity UCITS ETF | 9.08% | 9.75% | 27.44% | 21.53% | -10.98% | 29.52% | 17.11% | 26.81% | -29.04% |
Correlation
The correlation between UQLT.L and LGUG.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.78 |
The correlation between UQLT.L and LGUG.L has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.
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Return for Risk
UQLT.L vs. LGUG.L — Risk / Return Rank
UQLT.L
LGUG.L
UQLT.L vs. LGUG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.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.
| UQLT.L | LGUG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.41 | -0.41 |
| Martin ratioReturn relative to average drawdown | 8.36 | 7.99 | +0.36 |
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Drawdowns
UQLT.L vs. LGUG.L - Drawdown Comparison
The maximum UQLT.L drawdown since its inception was -33.41%, 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 UQLT.L and LGUG.L.
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Drawdown Indicators
| UQLT.L | LGUG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.41% | -30.90% | -2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -8.01% | -3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.34% | -21.49% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -31.53% | -21.49% | -10.04% |
Max Drawdown (10Y)Largest decline over 10 years | -33.41% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -1.85% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -7.06% | +1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.42% | +0.36% |
Volatility
UQLT.L vs. LGUG.L - Volatility Comparison
UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) (UQLT.L) has a higher volatility of 3.81% compared to L&G US Equity UCITS ETF (LGUG.L) at 2.99%. This indicates that UQLT.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.
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Volatility by Period
| UQLT.L | LGUG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 2.99% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 8.02% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.88% | 11.30% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 20.34% | -2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 21.39% | -3.90% |
UQLT.L vs. LGUG.L - Expense Ratio Comparison
UQLT.L has a 0.28% expense ratio, which is higher than LGUG.L's 0.05% expense ratio.
Dividends
UQLT.L vs. LGUG.L - Dividend Comparison
UQLT.L's dividend yield for the trailing twelve months is around 0.22%, while LGUG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UQLT.L UBS Factor MSCI USA Quality Screened UCITS ETF GBP Hedged (Dist) | 0.22% | 0.54% | 0.30% | 0.78% | 0.81% | 0.70% | 0.86% | 0.93% | 1.24% | 1.04% | 0.65% |
Frequently Asked Questions
UQLT.L and LGUG.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
LGUG.L is cheaper with a 0.05% expense ratio, compared with 0.28% for UQLT.L.
UQLT.L tracks MSCI USA Quality Advanced Target Select 100% Hedged to GBP Index, while LGUG.L tracks Russell 1000 TR USD. They also come from different issuers: UBS and Legal & General. Their fees differ too: 0.28% for UQLT.L and 0.05% for LGUG.L.
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