DRGN.L vs. AIAI.L
Compare and contrast key facts about L&G China CNY Bond UCITS ETF (DRGN.L) and L&G Artificial Intelligence UCITS ETF (AIAI.L).
DRGN.L and AIAI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRGN.L is an actively managed fund by Legal & General. It was launched on Jul 20, 2021. AIAI.L is a passively managed fund by Legal & General that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Jun 26, 2019.
Performance
DRGN.L vs. AIAI.L - Performance Comparison
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DRGN.L vs. AIAI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DRGN.L L&G China CNY Bond UCITS ETF | 1.64% | 5.43% | 3.15% | 0.46% | -5.32% | 7.15% | 0.87% |
AIAI.L L&G Artificial Intelligence UCITS ETF | -10.23% | 30.30% | 18.45% | 59.58% | -40.29% | 9.81% | 4.27% |
Returns By Period
In the year-to-date period, DRGN.L achieves a 1.64% return, which is significantly higher than AIAI.L's -10.23% return.
DRGN.L
- 1D
- -0.25%
- 1M
- -0.01%
- YTD
- 1.64%
- 6M
- 4.17%
- 1Y
- 7.23%
- 3Y*
- 3.16%
- 5Y*
- 2.41%
- 10Y*
- —
AIAI.L
- 1D
- 0.88%
- 1M
- -7.47%
- YTD
- -10.23%
- 6M
- -10.84%
- 1Y
- 28.98%
- 3Y*
- 21.48%
- 5Y*
- 7.50%
- 10Y*
- —
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DRGN.L vs. AIAI.L - Expense Ratio Comparison
DRGN.L has a 0.30% expense ratio, which is lower than AIAI.L's 0.49% expense ratio.
Return for Risk
DRGN.L vs. AIAI.L — Risk / Return Rank
DRGN.L
AIAI.L
DRGN.L vs. AIAI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G China CNY Bond UCITS ETF (DRGN.L) and L&G Artificial Intelligence UCITS ETF (AIAI.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.
| DRGN.L | AIAI.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 1.15 | +0.95 |
Sortino ratioReturn per unit of downside risk | 2.98 | 1.65 | +1.33 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.21 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 4.88 | 1.73 | +3.16 |
Martin ratioReturn relative to average drawdown | 19.90 | 5.25 | +14.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DRGN.L | AIAI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.15 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.27 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.52 | +0.02 |
Correlation
The correlation between DRGN.L and AIAI.L is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
DRGN.L vs. AIAI.L - Dividend Comparison
DRGN.L's dividend yield for the trailing twelve months is around 1.68%, while AIAI.L has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DRGN.L L&G China CNY Bond UCITS ETF | 1.68% | 1.94% | 2.31% | 2.45% | 2.76% | 1.44% |
AIAI.L L&G Artificial Intelligence UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DRGN.L vs. AIAI.L - Drawdown Comparison
The maximum DRGN.L drawdown since its inception was -11.71%, smaller than the maximum AIAI.L drawdown of -49.61%. Use the drawdown chart below to compare losses from any high point for DRGN.L and AIAI.L.
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Drawdown Indicators
| DRGN.L | AIAI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.71% | -49.61% | +37.90% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -16.80% | +15.33% |
Max Drawdown (5Y)Largest decline over 5 years | -11.71% | -49.61% | +37.90% |
Current DrawdownCurrent decline from peak | -1.35% | -16.07% | +14.72% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -14.45% | +10.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 5.52% | -5.16% |
Volatility
DRGN.L vs. AIAI.L - Volatility Comparison
The current volatility for L&G China CNY Bond UCITS ETF (DRGN.L) is 2.25%, while L&G Artificial Intelligence UCITS ETF (AIAI.L) has a volatility of 7.28%. This indicates that DRGN.L experiences smaller price fluctuations and is considered to be less risky than AIAI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRGN.L | AIAI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 7.28% | -5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 18.79% | -16.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 27.91% | -24.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 28.15% | -23.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 28.56% | -24.01% |