WOOD.L vs. LGGG.L
WOOD.L (iShares Global Timber & Forestry UCITS ETF USD (Dist)) and LGGG.L (L&G Global Equity UCITS ETF) are both Global Equities funds - WOOD.L tracks the S&P Global Timber & Forestry Index (Net) while LGGG.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, WOOD.L returned -2.69%/yr vs 12.09%/yr for LGGG.L. A 0.63 correlation means they provide meaningful diversification when combined. WOOD.L charges 0.65%/yr vs 0.10%/yr for LGGG.L.
Performance
WOOD.L vs. LGGG.L - Performance Comparison
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Returns By Period
In the year-to-date period, WOOD.L achieves a -4.05% return, which is significantly lower than LGGG.L's 9.06% return.
WOOD.L
- 1D
- -0.16%
- 1M
- 0.57%
- 6M
- -9.86%
- YTD
- -4.05%
- 1Y
- -4.89%
- 3Y*
- -2.36%
- 5Y*
- -2.69%
- 10Y*
- 4.62%
LGGG.L
- 1D
- -0.94%
- 1M
- -1.25%
- 6M
- 6.82%
- YTD
- 9.06%
- 1Y
- 19.99%
- 3Y*
- 17.35%
- 5Y*
- 12.09%
- 10Y*
- —
WOOD.L vs. LGGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WOOD.L iShares Global Timber & Forestry UCITS ETF USD (Dist) | -4.05% | -9.97% | -3.72% | 7.19% | -8.92% | 16.76% | 16.74% | 14.91% | -12.18% |
LGGG.L L&G Global Equity UCITS ETF | 9.06% | 12.92% | 21.13% | 18.08% | -8.24% | 23.53% | 12.41% | 22.99% | -27.80% |
Correlation
The correlation between WOOD.L and LGGG.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2018 | 0.63 |
Over the past year, the correlation between WOOD.L and LGGG.L has dropped to 0.40 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
WOOD.L vs. LGGG.L — Risk / Return Rank
WOOD.L
LGGG.L
WOOD.L vs. LGGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry UCITS ETF USD (Dist) (WOOD.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.
| WOOD.L | LGGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.35 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | 2.98 | -3.22 |
| Martin ratioReturn relative to average drawdown | -0.47 | 11.53 | -12.01 |
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Drawdowns
WOOD.L vs. LGGG.L - Drawdown Comparison
The maximum WOOD.L drawdown since its inception was -76.03%, 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 WOOD.L and LGGG.L.
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Drawdown Indicators
| WOOD.L | LGGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.03% | -30.19% | -45.84% |
Max Drawdown (1Y)Largest decline over 1 year | -20.56% | -6.67% | -13.89% |
Max Drawdown (3Y)Largest decline over 3 years | -25.68% | -19.95% | -5.73% |
Max Drawdown (5Y)Largest decline over 5 years | -29.40% | -19.95% | -9.45% |
Max Drawdown (10Y)Largest decline over 10 years | -42.38% | — | — |
Current DrawdownCurrent decline from peak | -24.38% | -1.90% | -22.48% |
Average DrawdownAverage peak-to-trough decline | -28.49% | -7.13% | -21.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.30% | 1.73% | +8.57% |
Volatility
WOOD.L vs. LGGG.L - Volatility Comparison
iShares Global Timber & Forestry UCITS ETF USD (Dist) (WOOD.L) has a higher volatility of 5.39% compared to L&G Global Equity UCITS ETF (LGGG.L) at 2.73%. This indicates that WOOD.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
| WOOD.L | LGGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 2.73% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 14.07% | 7.88% | +6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.16% | 10.57% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 19.13% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.19% | 20.30% | -2.11% |
WOOD.L vs. LGGG.L - Expense Ratio Comparison
WOOD.L has a 0.65% expense ratio, which is higher than LGGG.L's 0.10% expense ratio.
Dividends
WOOD.L vs. LGGG.L - Dividend Comparison
WOOD.L's dividend yield for the trailing twelve months is around 2.82%, 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% |
WOOD.L iShares Global Timber & Forestry UCITS ETF USD (Dist) | 2.82% | 3.27% | 2.47% | 2.76% | 2.98% | 1.40% | 1.25% | 2.67% | 0.00% | 0.91% | 1.81% | 1.86% |
Frequently Asked Questions
WOOD.L and LGGG.L have a correlation of 0.40, 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 0.65% for WOOD.L.
WOOD.L tracks S&P Global Timber & Forestry Index (Net), while LGGG.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Legal & General. Their fees differ too: 0.65% for WOOD.L and 0.10% for LGGG.L.
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