DRGG.L vs. RTWO.L
DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) and RTWO.L (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) are both exchange-traded funds - DRGG.L is a Government Bonds fund tracking the J.P. Morgan China Custom Liquid ESG Capped Index, while RTWO.L is a Small Cap Blend Equities fund tracking the Russell 2000 0.4 Quality Target Exposure Factor Index. Both are passively managed. Over the past 5 years, DRGG.L returned 2.65%/yr vs 8.88%/yr for RTWO.L. At a correlation of -0.09, they often move in opposite directions. Both charge a 0.30% expense ratio.
Performance
DRGG.L vs. RTWO.L - Performance Comparison
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Different Trading Currencies
DRGG.L is traded in GBp, while RTWO.L is traded in USD. To make them comparable, the RTWO.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 3.22% return, which is significantly lower than RTWO.L's 19.61% return.
DRGG.L
- 1D
- -0.64%
- 1M
- -0.78%
- 6M
- 2.97%
- YTD
- 3.22%
- 1Y
- 6.08%
- 3Y*
- 3.64%
- 5Y*
- 2.65%
- 10Y*
- —
RTWO.L
- 1D
- -0.48%
- 1M
- 0.28%
- 6M
- 13.68%
- YTD
- 19.61%
- 1Y
- 31.90%
- 3Y*
- 15.08%
- 5Y*
- 8.88%
- 10Y*
- 10.92%
DRGG.L vs. RTWO.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 3.22% | -1.73% | 4.79% | -5.00% | 5.94% | 8.52% | -25.93% |
RTWO.L L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 19.61% | 3.40% | 11.14% | 14.05% | -9.01% | 20.34% | 4.77% |
Correlation
The correlation between DRGG.L and RTWO.L is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | -0.09 |
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Return for Risk
DRGG.L vs. RTWO.L — Risk / Return Rank
DRGG.L
RTWO.L
DRGG.L vs. RTWO.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 L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.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 | RTWO.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 4.18 | -2.40 |
| Martin ratioReturn relative to average drawdown | 5.39 | 12.53 | -7.13 |
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Drawdowns
DRGG.L vs. RTWO.L - Drawdown Comparison
The maximum DRGG.L drawdown since its inception was -27.90%, smaller than the maximum RTWO.L drawdown of -45.27%. Use the drawdown chart below to compare losses from any high point for DRGG.L and RTWO.L.
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Drawdown Indicators
| DRGG.L | RTWO.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -45.27% | +17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -7.59% | +4.19% |
Max Drawdown (3Y)Largest decline over 3 years | -9.04% | -28.40% | +19.36% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -28.40% | +12.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.32% | — |
Current DrawdownCurrent decline from peak | -14.39% | -3.14% | -11.25% |
Average DrawdownAverage peak-to-trough decline | -18.79% | -8.28% | -10.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 2.54% | -1.41% |
Volatility
DRGG.L vs. RTWO.L - Volatility Comparison
The current volatility for L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) is 1.44%, while L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (RTWO.L) has a volatility of 4.93%. This indicates that DRGG.L experiences smaller price fluctuations and is considered to be less risky than RTWO.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 | RTWO.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 4.93% | -3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 12.92% | -8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.85% | 16.98% | -11.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 20.15% | -12.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.96% | 20.99% | -8.03% |
DRGG.L vs. RTWO.L - Expense Ratio Comparison
Both DRGG.L and RTWO.L have an expense ratio of 0.30%.
Dividends
DRGG.L vs. RTWO.L - Dividend Comparison
DRGG.L's dividend yield for the trailing twelve months is around 0.87%, while RTWO.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 0.87% | 2.04% | 2.27% | 2.48% | 2.61% | 1.40% |
RTWO.L L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRGG.L and RTWO.L have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DRGG.L and RTWO.L have the same expense ratio: 0.30% per year.
DRGG.L is categorized as Government Bonds, while RTWO.L is Small Cap Blend Equities. DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index, while RTWO.L tracks Russell 2000 0.4 Quality Target Exposure Factor Index.
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