XWD1.L vs. LGGG.L

Last updated Jul 18, 2026

XWD1.L (Xtrackers MSCI World Swap UCITS ETF 1D) and LGGG.L (L&G Global Equity UCITS ETF) are both Global Equities funds tracking the MSCI ACWI NR USD, from Xtrackers and Legal & General respectively. Both are passively managed. Over the past 3 years, XWD1.L returned 19.09%/yr vs 18.57%/yr for LGGG.L. A 0.71 correlation means they provide meaningful diversification when combined. XWD1.L charges 0.19%/yr vs 0.10%/yr for LGGG.L.

Performance

XWD1.L vs. LGGG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World Swap UCITS ETF 1D (XWD1.L) and L&G Global Equity UCITS ETF (LGGG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XWD1.L is traded in USD, while LGGG.L is traded in GBp. To make them comparable, the LGGG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XWD1.L achieves a 10.46% return, which is significantly higher than LGGG.L's 9.00% return.

XWD1.L

• 1D: 0.00%
• 1M: 0.33%
• 6M: 8.71%
• YTD: 10.46%
• 1Y: 21.91%
• 3Y*: 19.09%
• 5Y*: —
• 10Y*: —

LGGG.L

• 1D: -1.15%
• 1M: -0.07%
• 6M: 7.40%
• YTD: 9.00%
• 1Y: 20.29%
• 3Y*: 18.57%
• 5Y*: 11.58%
• 10Y*: —

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

XWD1.L vs. LGGG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XWD1.L Xtrackers MSCI World Swap UCITS ETF 1D	10.46%	21.24%	19.47%	33.66%	-3.00%
LGGG.L L&G Global Equity UCITS ETF	9.00%	21.45%	19.11%	24.31%	2.43%

Correlation

The correlation between XWD1.L and LGGG.L is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022	0.71

The correlation between XWD1.L and LGGG.L shifts across timeframes, from 0.71 (all time) to 0.89 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XWD1.L vs. LGGG.L — Risk / Return Rank

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

XWD1.L

XWD1.L Risk / Return Rank: 74
XWD1.L Sharpe Ratio Rank: 72
XWD1.L Sortino Ratio Rank: 78
XWD1.L Omega Ratio Rank: 72
XWD1.L Calmar Ratio Rank: 69
XWD1.L Martin Ratio Rank: 78

LGGG.L

LGGG.L Risk / Return Rank: 75
LGGG.L Sharpe Ratio Rank: 75
LGGG.L Sortino Ratio Rank: 74
LGGG.L Omega Ratio Rank: 75
LGGG.L Calmar Ratio Rank: 74
LGGG.L Martin Ratio Rank: 78

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.

XWD1.L vs. LGGG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Swap UCITS ETF 1D (XWD1.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.

	XWD1.L	LGGG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.71	+0.06
Sortino ratio: Return per unit of downside risk	2.70	2.55	+0.14
Omega ratio: Gain probability vs. loss probability	1.33	1.30	+0.02
Calmar ratio: Return relative to maximum drawdown	2.64	2.31	+0.33
Martin ratio: Return relative to average drawdown	11.03	9.78	+1.25

XWD1.L vs. LGGG.L - Sharpe Ratio Comparison

The current XWD1.L Sharpe Ratio is 1.77, which is comparable to the LGGG.L Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of XWD1.L and LGGG.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

XWD1.L vs. LGGG.L - Drawdown Comparison

The maximum XWD1.L drawdown since its inception was -17.44%, smaller than the maximum LGGG.L drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for XWD1.L and LGGG.L.

Drawdown Indicators

	XWD1.L	LGGG.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.44%	-37.64%	+20.20%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-8.74%	+0.40%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	-18.96%	+1.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.41%	—
Current Drawdown Current decline from peak	-0.21%	-1.55%	+1.34%
Average Drawdown Average peak-to-trough decline	-1.85%	-8.76%	+6.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	2.07%	-0.08%

Volatility

XWD1.L vs. LGGG.L - Volatility Comparison

The current volatility for Xtrackers MSCI World Swap UCITS ETF 1D (XWD1.L) is 2.83%, while L&G Global Equity UCITS ETF (LGGG.L) has a volatility of 3.08%. This indicates that XWD1.L experiences smaller price fluctuations and is considered to be less risky than LGGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XWD1.L	LGGG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	3.08%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	9.26%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	11.83%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.54%	20.51%	-5.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.54%	21.77%	-7.23%

XWD1.L vs. LGGG.L - Expense Ratio Comparison

XWD1.L has a 0.19% expense ratio, which is higher than LGGG.L's 0.10% 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

XWD1.L vs. LGGG.L - Dividend Comparison

XWD1.L's dividend yield for the trailing twelve months is around 1.46%, while LGGG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
LGGG.L L&G Global Equity UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%
XWD1.L Xtrackers MSCI World Swap UCITS ETF 1D	1.46%	1.46%	1.78%	1.81%	0.98%

Frequently Asked Questions

Can I hold both XWD1.L and LGGG.L in my portfolio?

XWD1.L and LGGG.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XWD1.L or LGGG.L?

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.

Which ETF is cheaper, XWD1.L or LGGG.L?

LGGG.L is cheaper with a 0.10% expense ratio, compared with 0.19% for XWD1.L.

What is the main difference between XWD1.L and LGGG.L?

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: Xtrackers and Legal & General. Their fees differ too: 0.19% for XWD1.L and 0.10% for LGGG.L.