XMLC.DE vs. LGGE.DE

Last updated Jun 5, 2026

XMLC.DE (L&G Clean Water UCITS ETF) and LGGE.DE (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both exchange-traded funds - XMLC.DE is a Water Equities fund tracking the Solactive Clean Water, while LGGE.DE is a Europe Equities fund tracking the FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Both are passively managed. Over the past 3 years, XMLC.DE returned 8.21%/yr vs 24.04%/yr for LGGE.DE. A 0.64 correlation means they provide meaningful diversification when combined. XMLC.DE charges 0.49%/yr vs 0.25%/yr for LGGE.DE.

Performance

XMLC.DE vs. LGGE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Clean Water UCITS ETF (XMLC.DE) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XMLC.DE achieves a 2.11% return, which is significantly lower than LGGE.DE's 11.27% return.

XMLC.DE

• 1D: 0.01%
• 1M: -1.48%
• YTD: 2.11%
• 6M: 1.67%
• 1Y: 6.86%
• 3Y*: 8.21%
• 5Y*: 6.47%
• 10Y*: —

LGGE.DE

• 1D: 0.15%
• 1M: 1.27%
• YTD: 11.27%
• 6M: 15.17%
• 1Y: 26.35%
• 3Y*: 24.04%
• 5Y*: —
• 10Y*: —

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

XMLC.DE vs. LGGE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XMLC.DE L&G Clean Water UCITS ETF	2.11%	3.88%	9.96%	17.08%	-12.64%	10.65%
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	11.27%	38.29%	14.07%	17.18%	-3.86%	7.23%

Correlation

The correlation between XMLC.DE and LGGE.DE is 0.56, 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	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (All Time) Calculated using the full available price history since Jul 16, 2021	0.64

The correlation between XMLC.DE and LGGE.DE has been stable across timeframes, ranging from 0.56 to 0.64 - a consistent structural relationship.

Return for Risk

XMLC.DE vs. LGGE.DE — Risk / Return Rank

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

XMLC.DE

XMLC.DE Risk / Return Rank: 17
XMLC.DE Sharpe Ratio Rank: 17
XMLC.DE Sortino Ratio Rank: 17
XMLC.DE Omega Ratio Rank: 16
XMLC.DE Calmar Ratio Rank: 17
XMLC.DE Martin Ratio Rank: 17

LGGE.DE

LGGE.DE Risk / Return Rank: 69
LGGE.DE Sharpe Ratio Rank: 67
LGGE.DE Sortino Ratio Rank: 65
LGGE.DE Omega Ratio Rank: 67
LGGE.DE Calmar Ratio Rank: 73
LGGE.DE Martin Ratio Rank: 71

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.

XMLC.DE vs. LGGE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Clean Water UCITS ETF (XMLC.DE) and L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE). 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.

	XMLC.DE	LGGE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.48	2.19	-1.71
Sortino ratio: Return per unit of downside risk	0.77	2.95	-2.17
Omega ratio: Gain probability vs. loss probability	1.09	1.40	-0.30
Calmar ratio: Return relative to maximum drawdown	0.62	3.61	-2.99
Martin ratio: Return relative to average drawdown	1.60	13.07	-11.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XMLC.DE vs. LGGE.DE - Sharpe Ratio Comparison

The current XMLC.DE Sharpe Ratio is 0.48, which is lower than the LGGE.DE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of XMLC.DE and LGGE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XMLC.DE	LGGE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	2.19	-1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	1.13	-0.56

Drawdowns

XMLC.DE vs. LGGE.DE - Drawdown Comparison

The maximum XMLC.DE drawdown since its inception was -35.25%, which is greater than LGGE.DE's maximum drawdown of -20.11%. Use the drawdown chart below to compare losses from any high point for XMLC.DE and LGGE.DE.

Drawdown Indicators

	XMLC.DE	LGGE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.25%	-20.11%	-15.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.02%	-7.28%	-3.74%
Max Drawdown (3Y) Largest decline over 3 years	-19.51%	-14.71%	-4.80%
Max Drawdown (5Y) Largest decline over 5 years	-20.54%	—	—
Current Drawdown Current decline from peak	-7.57%	-2.09%	-5.48%
Average Drawdown Average peak-to-trough decline	-6.31%	-3.23%	-3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.28%	2.01%	+2.27%

Volatility

XMLC.DE vs. LGGE.DE - Volatility Comparison

L&G Clean Water UCITS ETF (XMLC.DE) has a higher volatility of 4.03% compared to L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LGGE.DE) at 3.60%. This indicates that XMLC.DE's price experiences larger fluctuations and is considered to be riskier than LGGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XMLC.DE	LGGE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	3.60%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	10.79%	9.47%	+1.32%
Volatility (1Y) Calculated over the trailing 1-year period	14.11%	11.99%	+2.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	14.60%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.66%	14.60%	+4.06%

XMLC.DE vs. LGGE.DE - Expense Ratio Comparison

XMLC.DE has a 0.49% expense ratio, which is higher than LGGE.DE's 0.25% expense ratio.

Dividends

XMLC.DE vs. LGGE.DE - Dividend Comparison

XMLC.DE has not paid dividends to shareholders, while LGGE.DE's dividend yield for the trailing twelve months is around 3.13%.

Position	TTM	2025	2024	2023	2022	2021
LGGE.DE L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	3.13%	3.47%	4.37%	4.43%	4.18%	1.52%
XMLC.DE L&G Clean Water UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XMLC.DE and LGGE.DE in my portfolio?

XMLC.DE and LGGE.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XMLC.DE or LGGE.DE?

On fees, LGGE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XMLC.DE or LGGE.DE?

LGGE.DE is cheaper with a 0.25% expense ratio, compared with 0.49% for XMLC.DE.

What is the main difference between XMLC.DE and LGGE.DE?

XMLC.DE is categorized as Water Equities, while LGGE.DE is Europe Equities. XMLC.DE tracks Solactive Clean Water, while LGGE.DE tracks FTSE Developed Europe ex UK All Cap ex CW ex TC ex REITS Dividend Growth with Quality. Their fees differ too: 0.49% for XMLC.DE and 0.25% for LGGE.DE.