AIAG.L vs. DRGN.L
AIAG.L (L&G Artificial Intelligence UCITS ETF) and DRGN.L (L&G China CNY Bond UCITS ETF) are both exchange-traded funds - AIAG.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while DRGN.L is a Emerging Markets Bonds fund actively managed by Legal & General. AIAG.L is passively managed, while DRGN.L is actively managed. Over the past 5 years, AIAG.L returned 19.24%/yr vs 3.36%/yr for DRGN.L. At a 0.03 correlation, their price movements are largely independent. AIAG.L charges 0.49%/yr vs 0.30%/yr for DRGN.L.
Performance
AIAG.L vs. DRGN.L - Performance Comparison
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Different Trading Currencies
AIAG.L is traded in GBp, while DRGN.L is traded in USD. To make them comparable, the DRGN.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AIAG.L achieves a 41.86% return, which is significantly higher than DRGN.L's 5.05% return.
AIAG.L
- 1D
- -0.50%
- 1M
- 21.21%
- YTD
- 41.86%
- 6M
- 38.73%
- 1Y
- 78.49%
- 3Y*
- 34.00%
- 5Y*
- 19.24%
- 10Y*
- —
DRGN.L
- 1D
- -0.08%
- 1M
- 2.30%
- YTD
- 5.05%
- 6M
- 5.55%
- 1Y
- 9.27%
- 3Y*
- 2.36%
- 5Y*
- 3.36%
- 10Y*
- —
AIAG.L vs. DRGN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AIAG.L L&G Artificial Intelligence UCITS ETF | 41.86% | 21.44% | 20.57% | 50.58% | -33.18% | 11.07% | 2.27% |
DRGN.L L&G China CNY Bond UCITS ETF | 5.05% | -2.08% | 4.95% | -4.56% | 5.93% | 8.17% | -1.03% |
Correlation
The correlation between AIAG.L and DRGN.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.03 |
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Return for Risk
AIAG.L vs. DRGN.L — Risk / Return Rank
AIAG.L
DRGN.L
AIAG.L vs. DRGN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Artificial Intelligence UCITS ETF (AIAG.L) and L&G China CNY Bond UCITS ETF (DRGN.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.
| AIAG.L | DRGN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.27 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 2.93 | +1.71 |
| Martin ratioReturn relative to average drawdown | 12.44 | 8.53 | +3.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIAG.L | DRGN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 1.42 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.44 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.38 | +0.40 |
Drawdowns
AIAG.L vs. DRGN.L - Drawdown Comparison
The maximum AIAG.L drawdown since its inception was -41.56%, which is greater than DRGN.L's maximum drawdown of -16.74%. Use the drawdown chart below to compare losses from any high point for AIAG.L and DRGN.L.
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Drawdown Indicators
| AIAG.L | DRGN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.56% | -16.74% | -24.82% |
Max Drawdown (1Y)Largest decline over 1 year | -16.80% | -3.15% | -13.65% |
Max Drawdown (3Y)Largest decline over 3 years | -30.73% | -9.14% | -21.59% |
Max Drawdown (5Y)Largest decline over 5 years | -41.56% | -16.74% | -24.82% |
Current DrawdownCurrent decline from peak | -2.07% | -5.57% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -12.39% | -7.74% | -4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.29% | 1.09% | +5.20% |
Volatility
AIAG.L vs. DRGN.L - Volatility Comparison
L&G Artificial Intelligence UCITS ETF (AIAG.L) has a higher volatility of 9.70% compared to L&G China CNY Bond UCITS ETF (DRGN.L) at 1.82%. This indicates that AIAG.L's price experiences larger fluctuations and is considered to be riskier than DRGN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIAG.L | DRGN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 1.82% | +7.88% |
Volatility (6M)Calculated over the trailing 6-month period | 18.98% | 5.18% | +13.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.07% | 6.51% | +18.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.58% | 7.58% | +19.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.56% | 7.55% | +20.01% |
AIAG.L vs. DRGN.L - Expense Ratio Comparison
AIAG.L has a 0.49% expense ratio, which is higher than DRGN.L's 0.30% expense ratio.
Dividends
AIAG.L vs. DRGN.L - Dividend Comparison
AIAG.L has not paid dividends to shareholders, while DRGN.L's dividend yield for the trailing twelve months is around 1.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AIAG.L L&G Artificial Intelligence UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DRGN.L L&G China CNY Bond UCITS ETF | 1.63% | 1.94% | 2.31% | 2.45% | 2.76% | 1.44% |
Frequently Asked Questions
AIAG.L and DRGN.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRGN.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRGN.L is cheaper with a 0.30% expense ratio, compared with 0.49% for AIAG.L.
AIAG.L is categorized as Technology Equities, while DRGN.L is Emerging Markets Bonds. Their fees differ too: 0.49% for AIAG.L and 0.30% for DRGN.L.
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