XWEV.L vs. LGGG.L
XWEV.L (Xtrackers MSCI World Value ESG UCITS ETF 1C) and LGGG.L (L&G Global Equity UCITS ETF) are both Global Equities funds - XWEV.L tracks the MSCI World Value Low Carbon SRI Screened Select while LGGG.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past year, XWEV.L returned 43.60% vs 25.34% for LGGG.L. Their correlation of 0.81 suggests significant overlap in exposure. XWEV.L charges 0.25%/yr vs 0.10%/yr for LGGG.L.
Performance
XWEV.L vs. LGGG.L - Performance Comparison
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Different Trading Currencies
XWEV.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, XWEV.L achieves a 18.20% return, which is significantly higher than LGGG.L's 10.15% return.
XWEV.L
- 1D
- -0.36%
- 1M
- 5.85%
- YTD
- 18.20%
- 6M
- 20.60%
- 1Y
- 43.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LGGG.L
- 1D
- 0.13%
- 1M
- 2.62%
- YTD
- 10.15%
- 6M
- 11.83%
- 1Y
- 25.34%
- 3Y*
- 19.69%
- 5Y*
- 12.06%
- 10Y*
- —
XWEV.L vs. LGGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XWEV.L Xtrackers MSCI World Value ESG UCITS ETF 1C | 18.20% | 38.58% | 6.98% | 7.84% |
LGGG.L L&G Global Equity UCITS ETF | 10.15% | 21.45% | 19.11% | 7.82% |
Correlation
The correlation between XWEV.L and LGGG.L is 0.83, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.81 |
The correlation between XWEV.L and LGGG.L has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
XWEV.L vs. LGGG.L — Risk / Return Rank
XWEV.L
LGGG.L
XWEV.L vs. LGGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.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.
| XWEV.L | LGGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.38 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 2.89 | +1.30 |
| Martin ratioReturn relative to average drawdown | 16.28 | 12.44 | +3.84 |
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Drawdowns
XWEV.L vs. LGGG.L - Drawdown Comparison
The maximum XWEV.L drawdown since its inception was -14.23%, smaller than the maximum LGGG.L drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for XWEV.L and LGGG.L.
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Drawdown Indicators
| XWEV.L | LGGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.23% | -37.64% | +23.41% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -8.74% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.41% | — |
Current DrawdownCurrent decline from peak | -0.91% | -0.19% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -8.85% | +6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.03% | +0.64% |
Volatility
XWEV.L vs. LGGG.L - Volatility Comparison
Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) has a higher volatility of 5.20% compared to L&G Global Equity UCITS ETF (LGGG.L) at 3.44%. This indicates that XWEV.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
| XWEV.L | LGGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 3.44% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 9.04% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 11.71% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 20.52% | -5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 21.87% | -6.77% |
XWEV.L vs. LGGG.L - Expense Ratio Comparison
XWEV.L has a 0.25% 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
XWEV.L vs. LGGG.L - Dividend Comparison
Neither XWEV.L nor LGGG.L has paid dividends to shareholders.
Frequently Asked Questions
XWEV.L and LGGG.L have a correlation of 0.83, 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 0.25% for XWEV.L.
XWEV.L tracks MSCI World Value Low Carbon SRI Screened Select, while LGGG.L tracks MSCI ACWI NR USD. They also come from different issuers: Xtrackers and Legal & General. Their fees differ too: 0.25% for XWEV.L and 0.10% for LGGG.L.
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