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L&G China CNY Bond UCITS ETF (DRGN.L) Sharpe Ratio: 2.10

DRGN.L's Sharpe Ratio of 2.10 indicates that for each unit of volatility, it generates 2.10 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

DRGN.L Sharpe Ratio Rank

DRGN.L Sharpe Ratio Rank: 90.590
Exceptional

DRGN.L ranks above 90.5% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

DRGN.L Sharpe Ratio Market Positioning

The chart shows DRGN.L's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.50 or lower
  • Yellow zone (middle 50%): 0.50 to 1.44
  • Green zone (top 25%): 1.44 or higher
  • Top 1%: 5.95+
  • Median: 0.98 — half of all investments score higher

How it compares to other similar ETFs

The table compares L&G China CNY Bond UCITS ETF's Sharpe Ratio with other ETFs in the Emerging Markets Bonds category across multiple time periods, showing how DRGN.L's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
UBXX.LUBS J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF hGBP dis2.33
DRGN.LL&G China CNY Bond UCITS ETF2.10
EMLO.LUBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis1.90
EMLI.LPIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Dist1.81
EMGB.LVanEck J.P. Morgan EM Local Currency Bond UCITS ETF1.78
EMGA.LiShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc)1.68
XUEM.LXtrackers USD Emerging Markets Bond UCITS ETF 2D1.58
XUEB.LXtrackers II USD Emerging Markets Bond UCITS ETF 2C1.54
EMLP.LPIMCO Emerging Markets Advantage Local Bond Index UCITS ETF Acc1.54
EMES.LiShares J.P. Morgan ESG USD EM Bond UCITS ETF1.44

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows DRGN.L's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when DRGN.L consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore DRGN.L risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

DRGN.L Sortino Ratio