USDG.L vs. LGUK.L
USDG.L (L&G ESG USD Corporate Bond UCITS ETF) and LGUK.L (L&G UK Equity UCITS ETF) are both exchange-traded funds - USDG.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while LGUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, USDG.L returned 2.06%/yr vs 11.33%/yr for LGUK.L. At a correlation of -0.08, they often move in opposite directions. USDG.L charges 0.09%/yr vs 0.05%/yr for LGUK.L.
Performance
USDG.L vs. LGUK.L - Performance Comparison
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Returns By Period
In the year-to-date period, USDG.L achieves a 0.73% return, which is significantly lower than LGUK.L's 3.73% return.
USDG.L
- 1D
- 0.34%
- 1M
- 1.26%
- YTD
- 0.73%
- 6M
- 0.27%
- 1Y
- 6.86%
- 3Y*
- 2.83%
- 5Y*
- 2.06%
- 10Y*
- —
LGUK.L
- 1D
- -1.06%
- 1M
- -1.92%
- YTD
- 3.73%
- 6M
- 6.65%
- 1Y
- 17.58%
- 3Y*
- 13.62%
- 5Y*
- 11.33%
- 10Y*
- —
USDG.L vs. LGUK.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USDG.L L&G ESG USD Corporate Bond UCITS ETF | 0.73% | 0.15% | 4.75% | 2.41% | -3.62% | 1.57% |
LGUK.L L&G UK Equity UCITS ETF | 3.73% | 24.95% | 10.56% | 6.64% | 5.26% | 13.29% |
Correlation
The correlation between USDG.L and LGUK.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2021 | -0.08 |
The correlation between USDG.L and LGUK.L shifts across timeframes, from -0.08 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USDG.L vs. LGUK.L — Risk / Return Rank
USDG.L
LGUK.L
USDG.L vs. LGUK.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG USD Corporate Bond UCITS ETF (USDG.L) and L&G UK Equity UCITS ETF (LGUK.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.
| USDG.L | LGUK.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.92 | -0.48 |
| Martin ratioReturn relative to average drawdown | 3.32 | 6.51 | -3.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USDG.L | LGUK.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 1.24 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 0.82 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.52 | -0.40 |
Drawdowns
USDG.L vs. LGUK.L - Drawdown Comparison
The maximum USDG.L drawdown since its inception was -12.80%, smaller than the maximum LGUK.L drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for USDG.L and LGUK.L.
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Drawdown Indicators
| USDG.L | LGUK.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.80% | -33.76% | +20.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -9.30% | +4.77% |
Max Drawdown (3Y)Largest decline over 3 years | -8.61% | -12.30% | +3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -12.80% | -12.30% | -0.50% |
Current DrawdownCurrent decline from peak | -2.29% | -5.71% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -4.82% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 2.75% | -0.78% |
Volatility
USDG.L vs. LGUK.L - Volatility Comparison
The current volatility for L&G ESG USD Corporate Bond UCITS ETF (USDG.L) is 1.98%, while L&G UK Equity UCITS ETF (LGUK.L) has a volatility of 4.30%. This indicates that USDG.L experiences smaller price fluctuations and is considered to be less risky than LGUK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDG.L | LGUK.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 4.30% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.75% | 12.53% | -5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.88% | 14.42% | -6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.67% | 13.86% | -5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.64% | 16.31% | -7.67% |
USDG.L vs. LGUK.L - Expense Ratio Comparison
USDG.L has a 0.09% expense ratio, which is higher than LGUK.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
USDG.L vs. LGUK.L - Dividend Comparison
USDG.L's dividend yield for the trailing twelve months is around 4.67%, while LGUK.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LGUK.L L&G UK Equity UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDG.L L&G ESG USD Corporate Bond UCITS ETF | 4.67% | 4.70% | 3.99% | 3.27% | 2.25% | 0.76% |
Frequently Asked Questions
USDG.L and LGUK.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUK.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUK.L is cheaper with a 0.05% expense ratio, compared with 0.09% for USDG.L.
USDG.L is categorized as Corporate Bonds, while LGUK.L is Europe Equities. USDG.L tracks Bloomberg US Corp Bond TR USD, while LGUK.L tracks FTSE AllSh TR GBP. Their fees differ too: 0.09% for USDG.L and 0.05% for LGUK.L.
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