DRGG.L vs. SUK2.L
DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) and SUK2.L (L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF GBP (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 SUK2.L is a Inverse Equities fund tracking the FTSE 100 Daily Super Short Strategy Index. Both are passively managed. Over the past 5 years, DRGG.L returned 2.62%/yr vs -17.69%/yr for SUK2.L. At a 0.12 correlation, their price movements are largely independent. DRGG.L charges 0.30%/yr vs 0.60%/yr for SUK2.L.
Performance
DRGG.L vs. SUK2.L - Performance Comparison
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Returns By Period
In the year-to-date period, DRGG.L achieves a 3.07% return, which is significantly higher than SUK2.L's -12.71% 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*
- —
SUK2.L
- 1D
- -0.43%
- 1M
- -1.24%
- 6M
- -7.72%
- YTD
- -12.71%
- 1Y
- -27.94%
- 3Y*
- -19.62%
- 5Y*
- -17.69%
- 10Y*
- -17.07%
DRGG.L vs. SUK2.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% |
SUK2.L L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF GBP (Acc) | -12.71% | -32.13% | -6.81% | -6.41% | -13.97% | -32.73% | 0.06% |
Correlation
The correlation between DRGG.L and SUK2.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.12 |
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Return for Risk
DRGG.L vs. SUK2.L — Risk / Return Rank
DRGG.L
SUK2.L
DRGG.L vs. SUK2.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 FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF GBP (Acc) (SUK2.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 | SUK2.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.80 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | -0.91 | +2.66 |
| Martin ratioReturn relative to average drawdown | 5.19 | -1.45 | +6.65 |
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Drawdowns
DRGG.L vs. SUK2.L - Drawdown Comparison
The maximum DRGG.L drawdown since its inception was -27.90%, smaller than the maximum SUK2.L drawdown of -98.38%. Use the drawdown chart below to compare losses from any high point for DRGG.L and SUK2.L.
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Drawdown Indicators
| DRGG.L | SUK2.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -98.38% | +70.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -30.53% | +27.13% |
Max Drawdown (3Y)Largest decline over 3 years | -9.04% | -52.62% | +43.58% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -65.37% | +49.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.18% | — |
Current DrawdownCurrent decline from peak | -14.51% | -98.31% | +83.80% |
Average DrawdownAverage peak-to-trough decline | -18.79% | -84.98% | +66.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 18.90% | -17.76% |
Volatility
DRGG.L vs. SUK2.L - Volatility Comparison
The current volatility for L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) is 1.03%, while L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF GBP (Acc) (SUK2.L) has a volatility of 5.69%. This indicates that DRGG.L experiences smaller price fluctuations and is considered to be less risky than SUK2.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 | SUK2.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 5.69% | -4.66% |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | 19.48% | -14.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.85% | 22.53% | -16.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 25.52% | -18.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.95% | 29.98% | -17.03% |
DRGG.L vs. SUK2.L - Expense Ratio Comparison
DRGG.L has a 0.30% expense ratio, which is lower than SUK2.L's 0.60% expense ratio.
Dividends
DRGG.L vs. SUK2.L - Dividend Comparison
DRGG.L's dividend yield for the trailing twelve months is around 0.01%, while SUK2.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) | 0.01% | 2.04% | 2.27% | 2.48% | 2.61% | 1.40% |
SUK2.L L&G FTSE 100 Super Short Strategy (Daily 2x) UCITS ETF GBP (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRGG.L and SUK2.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRGG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRGG.L is cheaper with a 0.30% expense ratio, compared with 0.60% for SUK2.L.
DRGG.L is categorized as Government Bonds, while SUK2.L is Inverse Equities. DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index, while SUK2.L tracks FTSE 100 Daily Super Short Strategy Index. Their fees differ too: 0.30% for DRGG.L and 0.60% for SUK2.L.
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