DRGN.L vs. EMGA.L
Compare and contrast key facts about L&G China CNY Bond UCITS ETF (DRGN.L) and iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.L).
DRGN.L and EMGA.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. EMGA.L is a passively managed fund by iShares that tracks the performance of the JPM GBI-EM Global Diversified TR USD. It was launched on May 31, 2018.
Performance
DRGN.L vs. EMGA.L - Performance Comparison
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DRGN.L vs. EMGA.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% |
EMGA.L iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) | -1.34% | 18.25% | -2.74% | 11.65% | -10.95% | -10.50% | 1.41% |
Returns By Period
In the year-to-date period, DRGN.L achieves a 1.64% return, which is significantly higher than EMGA.L's -1.34% 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*
- —
EMGA.L
- 1D
- 1.33%
- 1M
- -3.13%
- YTD
- -1.34%
- 6M
- 1.68%
- 1Y
- 12.32%
- 3Y*
- 6.59%
- 5Y*
- 1.65%
- 10Y*
- —
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DRGN.L vs. EMGA.L - Expense Ratio Comparison
DRGN.L has a 0.30% expense ratio, which is lower than EMGA.L's 0.50% expense ratio.
Return for Risk
DRGN.L vs. EMGA.L — Risk / Return Rank
DRGN.L
EMGA.L
DRGN.L vs. EMGA.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 iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.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 | EMGA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 1.68 | +0.42 |
Sortino ratioReturn per unit of downside risk | 2.98 | 2.34 | +0.64 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.34 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 4.88 | 2.07 | +2.81 |
Martin ratioReturn relative to average drawdown | 19.90 | 8.56 | +11.35 |
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 | EMGA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.68 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.19 | +0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.14 | +0.40 |
Correlation
The correlation between DRGN.L and EMGA.L is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DRGN.L vs. EMGA.L - Dividend Comparison
DRGN.L's dividend yield for the trailing twelve months is around 1.68%, while EMGA.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% |
EMGA.L iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DRGN.L vs. EMGA.L - Drawdown Comparison
The maximum DRGN.L drawdown since its inception was -11.71%, smaller than the maximum EMGA.L drawdown of -28.18%. Use the drawdown chart below to compare losses from any high point for DRGN.L and EMGA.L.
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Drawdown Indicators
| DRGN.L | EMGA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.71% | -28.18% | +16.47% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -5.93% | +4.46% |
Max Drawdown (5Y)Largest decline over 5 years | -11.71% | -26.60% | +14.89% |
Current DrawdownCurrent decline from peak | -1.35% | -4.59% | +3.24% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -9.12% | +5.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 1.44% | -1.08% |
Volatility
DRGN.L vs. EMGA.L - Volatility Comparison
The current volatility for L&G China CNY Bond UCITS ETF (DRGN.L) is 2.25%, while iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.L) has a volatility of 3.84%. This indicates that DRGN.L experiences smaller price fluctuations and is considered to be less risky than EMGA.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 | EMGA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 3.84% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 5.33% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 7.31% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 8.92% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 10.24% | -5.69% |