DRGG.L vs. VDTA.L
DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) and VDTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) are both Government Bonds funds - DRGG.L tracks the J.P. Morgan China Custom Liquid ESG Capped Index while VDTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted index. Both are passively managed. Over the past 5 years, DRGG.L returned 2.65%/yr vs -0.36%/yr for VDTA.L. A 0.51 correlation means they provide meaningful diversification when combined. DRGG.L charges 0.30%/yr vs 0.05%/yr for VDTA.L.
Performance
DRGG.L vs. VDTA.L - Performance Comparison
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Different Trading Currencies
DRGG.L is traded in GBp, while VDTA.L is traded in USD. To make them comparable, the VDTA.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 higher than VDTA.L's -0.74% 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*
- —
VDTA.L
- 1D
- -0.89%
- 1M
- -1.06%
- 6M
- -0.97%
- YTD
- -0.74%
- 1Y
- 2.41%
- 3Y*
- 1.76%
- 5Y*
- -0.36%
- 10Y*
- —
DRGG.L vs. VDTA.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% |
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | -0.74% | -1.33% | 2.71% | -1.47% | -1.95% | -1.41% | -1.32% |
Correlation
The correlation between DRGG.L and VDTA.L is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.51 |
The correlation between DRGG.L and VDTA.L has been stable across timeframes, ranging from 0.48 to 0.57 - a consistent structural relationship.
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Return for Risk
DRGG.L vs. VDTA.L — Risk / Return Rank
DRGG.L
VDTA.L
DRGG.L vs. VDTA.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 Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.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 | VDTA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.07 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.41 | +1.37 |
| Martin ratioReturn relative to average drawdown | 5.39 | 0.98 | +4.42 |
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Drawdowns
DRGG.L vs. VDTA.L - Drawdown Comparison
The maximum DRGG.L drawdown since its inception was -27.90%, which is greater than VDTA.L's maximum drawdown of -22.98%. Use the drawdown chart below to compare losses from any high point for DRGG.L and VDTA.L.
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Drawdown Indicators
| DRGG.L | VDTA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.90% | -22.98% | -4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -3.40% | -5.84% | +2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -9.04% | -8.53% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -15.77% | -16.77% | +1.00% |
Current DrawdownCurrent decline from peak | -14.39% | -18.62% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -18.79% | -14.97% | -3.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 2.46% | -1.33% |
Volatility
DRGG.L vs. VDTA.L - Volatility Comparison
The current volatility for L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) is 1.44%, while Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) has a volatility of 2.24%. This indicates that DRGG.L experiences smaller price fluctuations and is considered to be less risky than VDTA.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 | VDTA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 2.24% | -0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 5.23% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.85% | 6.65% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.33% | 8.99% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.96% | 9.41% | +3.55% |
DRGG.L vs. VDTA.L - Expense Ratio Comparison
DRGG.L has a 0.30% expense ratio, which is higher than VDTA.L's 0.05% expense ratio.
Dividends
DRGG.L vs. VDTA.L - Dividend Comparison
DRGG.L's dividend yield for the trailing twelve months is around 0.87%, while VDTA.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% |
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRGG.L and VDTA.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDTA.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDTA.L is cheaper with a 0.05% expense ratio, compared with 0.30% for DRGG.L.
DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index, while VDTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted index. They also come from different issuers: L&G and Vanguard. Their fees differ too: 0.30% for DRGG.L and 0.05% for VDTA.L.
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