DRGG.L vs. IE15.L
DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) and IE15.L (iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist)) are both exchange-traded funds - DRGG.L is a Government Bonds fund tracking the J.P. Morgan China Custom Liquid ESG Capped Index, while IE15.L is a Short-Term Bond fund tracking the BBG Euro Corp 1-5 Yrs (EUR). Both are passively managed. Over the past 5 years, DRGG.L returned 2.62%/yr vs 0.52%/yr for IE15.L. At a 0.27 correlation, their price movements are largely independent. DRGG.L charges 0.30%/yr vs 0.20%/yr for IE15.L.
Performance
DRGG.L vs. IE15.L - Performance Comparison
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Different Trading Currencies
DRGG.L is traded in GBp, while IE15.L is traded in EUR. To make them comparable, the IE15.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, DRGG.L achieves a 3.07% return, which is significantly higher than IE15.L's -3.61% return.
DRGG.L
- 1D
- 0.25%
- 1M
- -1.39%
- 6M
- 3.02%
- YTD
- 3.07%
- 1Y
- 5.96%
- 3Y*
- 3.65%
- 5Y*
- 2.62%
- 10Y*
- —
IE15.L
- 1D
- 0.08%
- 1M
- -1.95%
- 6M
- -1.79%
- YTD
- -3.61%
- 1Y
- -1.93%
- 3Y*
- 3.08%
- 5Y*
- 0.52%
- 10Y*
- 0.87%
DRGG.L vs. IE15.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 3.07% | -1.73% | 4.79% | -5.00% | 5.94% | 8.52% | -25.93% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | -3.61% | 8.96% | -0.40% | 3.66% | -3.03% | -6.25% | -0.80% |
Correlation
The correlation between DRGG.L and IE15.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.27 |
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Return for Risk
DRGG.L vs. IE15.L — Risk / Return Rank
DRGG.L
IE15.L
DRGG.L vs. IE15.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) and iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.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.
| DRGG.L | IE15.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.93 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | -0.39 | +2.13 |
| Martin ratioReturn relative to average drawdown | 5.19 | -0.82 | +6.01 |
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Drawdowns
DRGG.L vs. IE15.L - Drawdown Comparison
The maximum DRGG.L drawdown since its inception was -27.90%, which is greater than IE15.L's maximum drawdown of -16.54%. Use the drawdown chart below to compare losses from any high point for DRGG.L and IE15.L.
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Drawdown Indicators
| DRGG.L | IE15.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -16.54% | -11.36% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -4.93% | +1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -9.04% | -4.93% | -4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -9.97% | -5.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.62% | — |
Current DrawdownCurrent decline from peak | -14.51% | -4.74% | -9.77% |
Average DrawdownAverage peak-to-trough decline | -18.79% | -6.69% | -12.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 2.36% | -1.22% |
Volatility
DRGG.L vs. IE15.L - Volatility Comparison
The current volatility for L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) is 1.03%, while iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) (IE15.L) has a volatility of 1.19%. This indicates that DRGG.L experiences smaller price fluctuations and is considered to be less risky than IE15.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRGG.L | IE15.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.19% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 3.19% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.85% | 4.47% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 5.52% | +1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 6.85% | +6.10% |
DRGG.L vs. IE15.L - Expense Ratio Comparison
DRGG.L has a 0.30% expense ratio, which is higher than IE15.L's 0.20% expense ratio.
Dividends
DRGG.L vs. IE15.L - Dividend Comparison
DRGG.L's dividend yield for the trailing twelve months is around 0.01%, less than IE15.L's 1.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 0.01% | 2.04% | 2.27% | 2.48% | 2.61% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IE15.L iShares € Corp Bond 1-5yr UCITS ETF EUR (Dist) | 1.51% | 2.92% | 2.50% | 1.41% | 0.51% | 0.57% | 0.59% | 0.62% | 0.62% | 0.68% | 0.90% | 0.56% |
Frequently Asked Questions
DRGG.L and IE15.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IE15.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IE15.L is cheaper with a 0.20% expense ratio, compared with 0.30% for DRGG.L.
DRGG.L is categorized as Government Bonds, while IE15.L is Short-Term Bond. DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index, while IE15.L tracks BBG Euro Corp 1-5 Yrs (EUR). They also come from different issuers: L&G and iShares. Their fees differ too: 0.30% for DRGG.L and 0.20% for IE15.L.
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