DRGN.L vs. EMSA.L
Compare and contrast key facts about L&G China CNY Bond UCITS ETF (DRGN.L) and iShares J.P. Morgan ESG USD EM Bond UCITS ETF USD (Acc) (EMSA.L).
DRGN.L and EMSA.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. EMSA.L is a passively managed fund by iShares that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Sep 24, 2018.
Performance
DRGN.L vs. EMSA.L - Performance Comparison
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DRGN.L vs. EMSA.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% |
EMSA.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF USD (Acc) | -1.21% | 13.11% | 5.32% | 9.71% | -18.78% | -3.11% | 1.95% |
Returns By Period
In the year-to-date period, DRGN.L achieves a 1.64% return, which is significantly higher than EMSA.L's -1.21% 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*
- —
EMSA.L
- 1D
- 1.04%
- 1M
- -2.43%
- YTD
- -1.21%
- 6M
- 1.60%
- 1Y
- 8.83%
- 3Y*
- 8.10%
- 5Y*
- 1.41%
- 10Y*
- —
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DRGN.L vs. EMSA.L - Expense Ratio Comparison
DRGN.L has a 0.30% expense ratio, which is lower than EMSA.L's 0.45% expense ratio.
Return for Risk
DRGN.L vs. EMSA.L — Risk / Return Rank
DRGN.L
EMSA.L
DRGN.L vs. EMSA.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 ESG USD EM Bond UCITS ETF USD (Acc) (EMSA.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 | EMSA.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 1.31 | +0.79 |
Sortino ratioReturn per unit of downside risk | 2.98 | 1.91 | +1.07 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.28 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 4.88 | 1.87 | +3.02 |
Martin ratioReturn relative to average drawdown | 19.90 | 8.46 | +11.44 |
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 | EMSA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.31 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.17 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.30 | +0.24 |
Correlation
The correlation between DRGN.L and EMSA.L is 0.31, 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. EMSA.L - Dividend Comparison
DRGN.L's dividend yield for the trailing twelve months is around 1.68%, while EMSA.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% |
EMSA.L iShares J.P. Morgan ESG USD EM Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DRGN.L vs. EMSA.L - Drawdown Comparison
The maximum DRGN.L drawdown since its inception was -11.71%, smaller than the maximum EMSA.L drawdown of -29.12%. Use the drawdown chart below to compare losses from any high point for DRGN.L and EMSA.L.
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Drawdown Indicators
| DRGN.L | EMSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.71% | -29.12% | +17.41% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -4.96% | +3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -11.71% | -28.91% | +17.20% |
Current DrawdownCurrent decline from peak | -1.35% | -2.98% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -8.21% | +4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 1.05% | -0.69% |
Volatility
DRGN.L vs. EMSA.L - Volatility Comparison
The current volatility for L&G China CNY Bond UCITS ETF (DRGN.L) is 2.25%, while iShares J.P. Morgan ESG USD EM Bond UCITS ETF USD (Acc) (EMSA.L) has a volatility of 2.58%. This indicates that DRGN.L experiences smaller price fluctuations and is considered to be less risky than EMSA.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 | EMSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 2.58% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 3.59% | -0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 6.73% | -3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 8.39% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 9.80% | -5.25% |