XWEV.L vs. LGGL.L
XWEV.L (Xtrackers MSCI World Value ESG UCITS ETF 1C) and LGGL.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 LGGL.L tracks the Solactive Core Developed Markets Large & Mid Cap USD Index NTR. Both are passively managed. Over the past year, XWEV.L returned 43.60% vs 24.94% for LGGL.L. Their correlation of 0.89 suggests significant overlap in exposure. XWEV.L charges 0.25%/yr vs 0.10%/yr for LGGL.L.
Performance
XWEV.L vs. LGGL.L - Performance Comparison
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Returns By Period
In the year-to-date period, XWEV.L achieves a 18.20% return, which is significantly higher than LGGL.L's 9.95% return.
XWEV.L
- 1D
- -0.36%
- 1M
- 5.85%
- YTD
- 18.20%
- 6M
- 20.60%
- 1Y
- 43.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LGGL.L
- 1D
- -0.15%
- 1M
- 2.55%
- YTD
- 9.95%
- 6M
- 11.66%
- 1Y
- 24.94%
- 3Y*
- 19.64%
- 5Y*
- 12.01%
- 10Y*
- —
XWEV.L vs. LGGL.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% |
LGGL.L L&G Global Equity UCITS ETF | 9.95% | 21.18% | 19.20% | 7.84% |
Correlation
The correlation between XWEV.L and LGGL.L is 0.93, 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.89 |
The correlation between XWEV.L and LGGL.L has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
XWEV.L vs. LGGL.L — Risk / Return Rank
XWEV.L
LGGL.L
XWEV.L vs. LGGL.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 (LGGL.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 | LGGL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.18 | 2.95 | +1.23 |
| Martin ratioReturn relative to average drawdown | 16.28 | 12.36 | +3.92 |
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Drawdowns
XWEV.L vs. LGGL.L - Drawdown Comparison
The maximum XWEV.L drawdown since its inception was -14.23%, smaller than the maximum LGGL.L drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for XWEV.L and LGGL.L.
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Drawdown Indicators
| XWEV.L | LGGL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.23% | -33.89% | +19.66% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -8.42% | -1.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.79% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.76% | — |
Current DrawdownCurrent decline from peak | -0.91% | -0.40% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -2.33% | -4.95% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.01% | +0.66% |
Volatility
XWEV.L vs. LGGL.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 (LGGL.L) at 3.89%. This indicates that XWEV.L's price experiences larger fluctuations and is considered to be riskier than LGGL.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 | LGGL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 3.89% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 9.70% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.19% | 12.28% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.10% | 15.66% | -0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.10% | 17.17% | -2.07% |
XWEV.L vs. LGGL.L - Expense Ratio Comparison
XWEV.L has a 0.25% expense ratio, which is higher than LGGL.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. LGGL.L - Dividend Comparison
Neither XWEV.L nor LGGL.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XWEV.L and LGGL.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, LGGL.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGGL.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 LGGL.L tracks Solactive Core Developed Markets Large & Mid Cap USD Index NTR. They also come from different issuers: Xtrackers and L&G. Their fees differ too: 0.25% for XWEV.L and 0.10% for LGGL.L.
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