V3AB.L vs. LGUK.L

Last updated Jun 26, 2026

V3AB.L (Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating) and LGUK.L (L&G UK Equity UCITS ETF) are both exchange-traded funds - V3AB.L is a Global Equities fund tracking the MSCI ACWI NR USD, while LGUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP. Both are passively managed. Over the past 5 years, V3AB.L returned 10.80%/yr vs 11.99%/yr for LGUK.L. A 0.53 correlation means they provide meaningful diversification when combined. V3AB.L charges 0.24%/yr vs 0.05%/yr for LGUK.L.

Performance

V3AB.L vs. LGUK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.L) and L&G UK Equity UCITS ETF (LGUK.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

V3AB.L is traded in GBP, while LGUK.L is traded in GBp. To make them comparable, the LGUK.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, V3AB.L achieves a 12.05% return, which is significantly higher than LGUK.L's 7.86% return.

V3AB.L

• 1D: -0.46%
• 1M: 0.93%
• YTD: 12.05%
• 6M: 12.44%
• 1Y: 28.40%
• 3Y*: 18.42%
• 5Y*: 10.80%
• 10Y*: —

LGUK.L

• 1D: 0.95%
• 1M: 1.04%
• YTD: 7.86%
• 6M: 8.55%
• 1Y: 23.35%
• 3Y*: 16.17%
• 5Y*: 11.99%
• 10Y*: —

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

V3AB.L vs. LGUK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
V3AB.L Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	12.05%	12.16%	19.63%	18.07%	-13.32%	17.37%
LGUK.L L&G UK Equity UCITS ETF	7.86%	24.95%	10.56%	6.64%	5.62%	12.39%

Correlation

The correlation between V3AB.L and LGUK.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Mar 25, 2021	0.53

The correlation between V3AB.L and LGUK.L shifts across timeframes, from 0.37 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.

V3AB.L vs. LGUK.L - Sectors Allocation Comparison

Sectors	V3AB.L	LGUK.L
Technology	37.5%	0.6%
Financial Services	16.6%	26.3%
Consumer Cyclical	10.8%	3.7%
Communication Services	9.4%	2.3%
Healthcare	9.3%	14.6%
Industrials	6.1%	14.3%
Consumer Defensive	4.0%	14.7%
Basic Materials	3.3%	6.6%
Real Estate	2.8%	0.4%
Utilities	0.4%	5.1%
Energy	0.0%	11.3%

Return for Risk

V3AB.L vs. LGUK.L — Risk / Return Rank

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

V3AB.L

V3AB.L Risk / Return Rank: 83
V3AB.L Sharpe Ratio Rank: 83
V3AB.L Sortino Ratio Rank: 83
V3AB.L Omega Ratio Rank: 85
V3AB.L Calmar Ratio Rank: 79
V3AB.L Martin Ratio Rank: 82

LGUK.L

LGUK.L Risk / Return Rank: 55
LGUK.L Sharpe Ratio Rank: 53
LGUK.L Sortino Ratio Rank: 54
LGUK.L Omega Ratio Rank: 55
LGUK.L Calmar Ratio Rank: 58
LGUK.L Martin Ratio Rank: 53

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.

V3AB.L vs. LGUK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.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.

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.

	V3AB.L	LGUK.L	Difference
Sharpe ratio: Return per unit of total volatility	2.32	1.59	+0.73
Sortino ratio: Return per unit of downside risk	3.23	2.31	+0.93
Omega ratio: Gain probability vs. loss probability	1.45	1.30	+0.15
Calmar ratio: Return relative to maximum drawdown	3.58	2.50	+1.08
Martin ratio: Return relative to average drawdown	14.17	8.08	+6.09

V3AB.L vs. LGUK.L - Sharpe Ratio Comparison

The current V3AB.L Sharpe Ratio is 2.32, which is higher than the LGUK.L Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of V3AB.L and LGUK.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

V3AB.L vs. LGUK.L - Drawdown Comparison

The maximum V3AB.L drawdown since its inception was -19.04%, smaller than the maximum LGUK.L drawdown of -33.76%. Use the drawdown chart below to compare losses from any high point for V3AB.L and LGUK.L.

Drawdown Indicators

	V3AB.L	LGUK.L	Difference
Max Drawdown Largest peak-to-trough decline	-19.04%	-33.76%	+14.72%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-9.30%	+1.40%
Max Drawdown (3Y) Largest decline over 3 years	-19.04%	-12.30%	-6.74%
Max Drawdown (5Y) Largest decline over 5 years	-19.04%	-12.30%	-6.74%
Current Drawdown Current decline from peak	-1.51%	-1.96%	+0.45%
Average Drawdown Average peak-to-trough decline	-4.76%	-4.80%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.88%	-0.88%

Volatility

V3AB.L vs. LGUK.L - Volatility Comparison

Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.L) has a higher volatility of 4.26% compared to L&G UK Equity UCITS ETF (LGUK.L) at 3.42%. This indicates that V3AB.L's price experiences larger fluctuations and is considered to be riskier than LGUK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V3AB.L	LGUK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.26%	3.42%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	9.48%	11.64%	-2.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.17%	14.63%	-2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.80%	13.89%	-0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.68%	16.27%	-2.59%

V3AB.L vs. LGUK.L - Expense Ratio Comparison

V3AB.L has a 0.24% 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

V3AB.L vs. LGUK.L - Dividend Comparison

Neither V3AB.L nor LGUK.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both V3AB.L and LGUK.L in my portfolio?

V3AB.L and LGUK.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, V3AB.L or LGUK.L?

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.

Which ETF is cheaper, V3AB.L or LGUK.L?

LGUK.L is cheaper with a 0.05% expense ratio, compared with 0.24% for V3AB.L.

What is the main difference between V3AB.L and LGUK.L?

V3AB.L is categorized as Global Equities, while LGUK.L is Europe Equities. V3AB.L tracks MSCI ACWI NR USD, while LGUK.L tracks FTSE AllSh TR GBP. They also come from different issuers: Vanguard and Legal & General. Their fees differ too: 0.24% for V3AB.L and 0.05% for LGUK.L.