USDC.L vs. LGGL.L
USDC.L (L&G USD Corporate Bond Screened UCITS ETF USD Distributing) and LGGL.L (L&G Global Equity UCITS ETF) are both exchange-traded funds - USDC.L is a Corporate Bonds fund tracking the L&G USD Corporate Bond Screened UCITS ETF USD Distributing, while LGGL.L is a Global Equities fund tracking the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past 5 years, USDC.L returned 0.12%/yr vs 11.81%/yr for LGGL.L. At a 0.27 correlation, their price movements are largely independent. USDC.L charges 0.09%/yr vs 0.10%/yr for LGGL.L.
Performance
USDC.L vs. LGGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, USDC.L achieves a -2.14% return, which is significantly lower than LGGL.L's 10.31% return.
USDC.L
- 1D
- 0.12%
- 1M
- -0.69%
- 6M
- -2.91%
- YTD
- -2.14%
- 1Y
- 2.26%
- 3Y*
- 4.32%
- 5Y*
- 0.12%
- 10Y*
- —
LGGL.L
- 1D
- 0.04%
- 1M
- 0.18%
- 6M
- 9.21%
- YTD
- 10.31%
- 1Y
- 22.17%
- 3Y*
- 19.11%
- 5Y*
- 11.81%
- 10Y*
- —
USDC.L vs. LGGL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing | -2.14% | 7.42% | 3.13% | 8.35% | -13.91% | -0.43% |
LGGL.L L&G Global Equity UCITS ETF | 10.31% | 21.18% | 19.20% | 25.02% | -18.03% | 19.01% |
Correlation
The correlation between USDC.L and LGGL.L is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2021 | 0.27 |
The correlation between USDC.L and LGGL.L shifts across timeframes, from 0.27 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USDC.L vs. LGGL.L — Risk / Return Rank
USDC.L
LGGL.L
USDC.L vs. LGGL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.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.
| USDC.L | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.33 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | 2.62 | -2.16 |
| Martin ratioReturn relative to average drawdown | 1.07 | 10.81 | -9.74 |
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Drawdowns
USDC.L vs. LGGL.L - Drawdown Comparison
The maximum USDC.L drawdown since its inception was -20.07%, smaller than the maximum LGGL.L drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for USDC.L and LGGL.L.
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Drawdown Indicators
| USDC.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.07% | -33.89% | +13.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.92% | -8.42% | +3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.92% | -17.79% | +12.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.07% | -25.76% | +5.69% |
Current DrawdownCurrent decline from peak | -2.91% | -0.07% | -2.84% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -4.91% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.11% | 2.05% | +0.06% |
Volatility
USDC.L vs. LGGL.L - Volatility Comparison
The current volatility for L&G USD Corporate Bond Screened UCITS ETF USD Distributing (USDC.L) is 1.13%, while L&G Global Equity UCITS ETF (LGGL.L) has a volatility of 2.85%. This indicates that USDC.L experiences smaller price fluctuations and is considered to be less risky 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
| USDC.L | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 2.85% | -1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 4.95% | 9.86% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.88% | 12.27% | -6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.28% | 15.65% | -9.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.13% | 17.10% | -10.97% |
USDC.L vs. LGGL.L - Expense Ratio Comparison
USDC.L has a 0.09% expense ratio, which is lower than LGGL.L's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
USDC.L vs. LGGL.L - Dividend Comparison
USDC.L's dividend yield for the trailing twelve months is around 2.32%, while LGGL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LGGL.L L&G Global Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDC.L L&G USD Corporate Bond Screened UCITS ETF USD Distributing | 2.32% | 4.47% | 4.08% | 3.24% | 2.36% | 0.78% |
Frequently Asked Questions
USDC.L and LGGL.L have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USDC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USDC.L is cheaper with a 0.09% expense ratio, compared with 0.10% for LGGL.L.
USDC.L is categorized as Corporate Bonds, while LGGL.L is Global Equities. USDC.L tracks L&G USD Corporate Bond Screened UCITS ETF USD Distributing, while LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Their fees differ too: 0.09% for USDC.L and 0.10% for LGGL.L.
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