DRGG.L vs. PRIT.L

Last updated Jul 18, 2026

DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) and PRIT.L (Amundi Prime US Treasury UCITS ETF DR (D)) are both Government Bonds funds - DRGG.L tracks the J.P. Morgan China Custom Liquid ESG Capped Index while PRIT.L tracks the Solactive US Treasury Bond Index. Both are passively managed. Over the past 5 years, DRGG.L returned 2.62%/yr vs 0.04%/yr for PRIT.L. A 0.68 correlation means they provide meaningful diversification when combined. DRGG.L charges 0.30%/yr vs 0.05%/yr for PRIT.L.

Performance

DRGG.L vs. PRIT.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) and Amundi Prime US Treasury UCITS ETF DR (D) (PRIT.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRGG.L achieves a 3.07% return, which is significantly higher than PRIT.L's 0.11% 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*: —

PRIT.L

• 1D: 0.10%
• 1M: -0.45%
• 6M: -0.23%
• YTD: 0.11%
• 1Y: 3.27%
• 3Y*: 2.17%
• 5Y*: 0.04%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRGG.L vs. PRIT.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%
PRIT.L Amundi Prime US Treasury UCITS ETF DR (D)	0.11%	-1.06%	2.58%	-1.73%	-1.78%	-0.98%	-1.02%

Correlation

The correlation between DRGG.L and PRIT.L is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020	0.68

The correlation between DRGG.L and PRIT.L has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.

Return for Risk

DRGG.L vs. PRIT.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRGG.L

DRGG.L Risk / Return Rank: 39
DRGG.L Sharpe Ratio Rank: 37
DRGG.L Sortino Ratio Rank: 38
DRGG.L Omega Ratio Rank: 35
DRGG.L Calmar Ratio Rank: 44
DRGG.L Martin Ratio Rank: 43

PRIT.L

PRIT.L Risk / Return Rank: 21
PRIT.L Sharpe Ratio Rank: 22
PRIT.L Sortino Ratio Rank: 22
PRIT.L Omega Ratio Rank: 20
PRIT.L Calmar Ratio Rank: 21
PRIT.L Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRGG.L vs. PRIT.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 Amundi Prime US Treasury UCITS ETF DR (D) (PRIT.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	PRIT.L	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.59	+0.42
Sortino ratio: Return per unit of downside risk	1.56	0.93	+0.63
Omega ratio: Gain probability vs. loss probability	1.19	1.10	+0.08
Calmar ratio: Return relative to maximum drawdown	1.74	0.69	+1.05
Martin ratio: Return relative to average drawdown	5.19	1.57	+3.62

DRGG.L vs. PRIT.L - Sharpe Ratio Comparison

The current DRGG.L Sharpe Ratio is 1.01, which is higher than the PRIT.L Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of DRGG.L and PRIT.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRGG.L vs. PRIT.L - Drawdown Comparison

The maximum DRGG.L drawdown since its inception was -27.90%, which is greater than PRIT.L's maximum drawdown of -24.81%. Use the drawdown chart below to compare losses from any high point for DRGG.L and PRIT.L.

Drawdown Indicators

	DRGG.L	PRIT.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.90%	-24.81%	-3.09%
Max Drawdown (1Y) Largest decline over 1 year	-3.40%	-5.19%	+1.79%
Max Drawdown (3Y) Largest decline over 3 years	-9.04%	-8.19%	-0.85%
Max Drawdown (5Y) Largest decline over 5 years	-15.77%	-16.09%	+0.32%
Current Drawdown Current decline from peak	-14.51%	-18.47%	+3.96%
Average Drawdown Average peak-to-trough decline	-18.79%	-17.37%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	2.28%	-1.14%

Volatility

DRGG.L vs. PRIT.L - Volatility Comparison

The current volatility for L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) is 1.03%, while Amundi Prime US Treasury UCITS ETF DR (D) (PRIT.L) has a volatility of 1.86%. This indicates that DRGG.L experiences smaller price fluctuations and is considered to be less risky than PRIT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRGG.L	PRIT.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	1.86%	-0.83%
Volatility (6M) Calculated over the trailing 6-month period	4.49%	4.47%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	5.85%	6.05%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.33%	8.67%	-1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.95%	12.82%	+0.13%

DRGG.L vs. PRIT.L - Expense Ratio Comparison

DRGG.L has a 0.30% expense ratio, which is higher than PRIT.L's 0.05% expense ratio.

Dividends

DRGG.L vs. PRIT.L - Dividend Comparison

DRGG.L's dividend yield for the trailing twelve months is around 0.01%, less than PRIT.L's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
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%
PRIT.L Amundi Prime US Treasury UCITS ETF DR (D)	3.22%	3.22%	2.79%	2.34%	1.88%	1.74%	2.11%	1.94%

Frequently Asked Questions

Can I hold both DRGG.L and PRIT.L in my portfolio?

DRGG.L and PRIT.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRGG.L or PRIT.L?

On fees, PRIT.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRGG.L or PRIT.L?

PRIT.L is cheaper with a 0.05% expense ratio, compared with 0.30% for DRGG.L.

What is the main difference between DRGG.L and PRIT.L?

DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index, while PRIT.L tracks Solactive US Treasury Bond Index. They also come from different issuers: L&G and Amundi. Their fees differ too: 0.30% for DRGG.L and 0.05% for PRIT.L.