DRGG.L vs. UB82.L

Last updated Jul 18, 2026

DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) and UB82.L (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) are both Government Bonds funds - DRGG.L tracks the J.P. Morgan China Custom Liquid ESG Capped Index while UB82.L tracks the Bloomberg US 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, DRGG.L returned 2.62%/yr vs -0.98%/yr for UB82.L. A 0.60 correlation means they provide meaningful diversification when combined. DRGG.L charges 0.30%/yr vs 0.05%/yr for UB82.L.

Performance

DRGG.L vs. UB82.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 UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.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 UB82.L's 0.13% 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*: —

UB82.L

• 1D: 0.37%
• 1M: -0.35%
• 6M: -0.09%
• YTD: 0.13%
• 1Y: 2.84%
• 3Y*: 1.57%
• 5Y*: -0.98%
• 10Y*: 0.26%

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

DRGG.L vs. UB82.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%
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	0.13%	-0.40%	1.34%	-2.28%	-4.86%	-1.84%	-0.99%

Correlation

The correlation between DRGG.L and UB82.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020	0.60

Over the past year, DRGG.L and UB82.L have become more correlated (0.82) than their long-term average of 0.60, meaning their price movements have been converging.

Return for Risk

DRGG.L vs. UB82.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

UB82.L

UB82.L Risk / Return Rank: 18
UB82.L Sharpe Ratio Rank: 19
UB82.L Sortino Ratio Rank: 18
UB82.L Omega Ratio Rank: 17
UB82.L Calmar Ratio Rank: 19
UB82.L Martin Ratio Rank: 19

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. UB82.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 UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.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	UB82.L	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.48	+0.53
Sortino ratio: Return per unit of downside risk	1.56	0.75	+0.80
Omega ratio: Gain probability vs. loss probability	1.19	1.09	+0.10
Calmar ratio: Return relative to maximum drawdown	1.74	0.58	+1.16
Martin ratio: Return relative to average drawdown	5.19	1.39	+3.81

DRGG.L vs. UB82.L - Sharpe Ratio Comparison

The current DRGG.L Sharpe Ratio is 1.01, which is higher than the UB82.L Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of DRGG.L and UB82.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. UB82.L - Drawdown Comparison

The maximum DRGG.L drawdown since its inception was -27.90%, smaller than the maximum UB82.L drawdown of -44.55%. Use the drawdown chart below to compare losses from any high point for DRGG.L and UB82.L.

Drawdown Indicators

	DRGG.L	UB82.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.90%	-44.55%	+16.65%
Max Drawdown (1Y) Largest decline over 1 year	-3.40%	-4.86%	+1.46%
Max Drawdown (3Y) Largest decline over 3 years	-9.04%	-7.79%	-1.25%
Max Drawdown (5Y) Largest decline over 5 years	-15.77%	-16.40%	+0.63%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.42%	—
Current Drawdown Current decline from peak	-14.51%	-22.93%	+8.42%
Average Drawdown Average peak-to-trough decline	-18.79%	-23.84%	+5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	2.04%	-0.90%

Volatility

DRGG.L vs. UB82.L - Volatility Comparison

The current volatility for L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) is 1.03%, while UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) has a volatility of 1.32%. This indicates that DRGG.L experiences smaller price fluctuations and is considered to be less risky than UB82.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRGG.L	UB82.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.03%	1.32%	-0.29%
Volatility (6M) Calculated over the trailing 6-month period	4.49%	4.37%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	5.85%	5.93%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.33%	9.39%	-2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.95%	9.87%	+3.08%

DRGG.L vs. UB82.L - Expense Ratio Comparison

DRGG.L has a 0.30% expense ratio, which is higher than UB82.L's 0.05% expense ratio.

Dividends

DRGG.L vs. UB82.L - Dividend Comparison

DRGG.L's dividend yield for the trailing twelve months is around 0.01%, less than UB82.L's 3.09% 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%
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	3.09%	2.20%	2.49%	2.80%	1.34%	1.02%	1.82%	1.98%	2.70%	1.92%	0.84%	0.83%

Frequently Asked Questions

Can I hold both DRGG.L and UB82.L in my portfolio?

DRGG.L and UB82.L have a correlation of 0.82, 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 UB82.L?

On fees, UB82.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 UB82.L?

UB82.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 UB82.L?

DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index, while UB82.L tracks Bloomberg US 7-10 Year Treasury Bond Index. They also come from different issuers: L&G and UBS. Their fees differ too: 0.30% for DRGG.L and 0.05% for UB82.L.