DRGN.L vs. JMAB.L
Compare and contrast key facts about L&G China CNY Bond UCITS ETF (DRGN.L) and JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (JMAB.L).
DRGN.L and JMAB.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. JMAB.L is a passively managed fund by JPMorgan that tracks the performance of the JPM EMBI Global Diversified TR USD. It was launched on Dec 3, 2019.
Performance
DRGN.L vs. JMAB.L - Performance Comparison
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DRGN.L vs. JMAB.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% |
JMAB.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF | -1.58% | 13.61% | 1.87% | 8.97% | -16.14% | -2.08% | 1.55% |
Different Trading Currencies
DRGN.L is traded in USD, while JMAB.L is traded in GBP. To make them comparable, the JMAB.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DRGN.L achieves a 1.64% return, which is significantly higher than JMAB.L's -1.58% 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*
- —
JMAB.L
- 1D
- 0.83%
- 1M
- -2.55%
- YTD
- -1.58%
- 6M
- 0.41%
- 1Y
- 8.35%
- 3Y*
- 6.84%
- 5Y*
- 1.44%
- 10Y*
- —
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DRGN.L vs. JMAB.L - Expense Ratio Comparison
DRGN.L has a 0.30% expense ratio, which is lower than JMAB.L's 0.39% expense ratio.
Return for Risk
DRGN.L vs. JMAB.L — Risk / Return Rank
DRGN.L
JMAB.L
DRGN.L vs. JMAB.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 JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (JMAB.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 | JMAB.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 1.21 | +0.89 |
Sortino ratioReturn per unit of downside risk | 2.98 | 1.70 | +1.28 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.22 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 4.88 | 1.68 | +3.21 |
Martin ratioReturn relative to average drawdown | 19.90 | 7.23 | +12.68 |
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 | JMAB.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.21 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.16 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.15 | +0.39 |
Correlation
The correlation between DRGN.L and JMAB.L is 0.24, 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. JMAB.L - Dividend Comparison
DRGN.L's dividend yield for the trailing twelve months is around 1.68%, while JMAB.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% |
JMAB.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DRGN.L vs. JMAB.L - Drawdown Comparison
The maximum DRGN.L drawdown since its inception was -11.71%, smaller than the maximum JMAB.L drawdown of -26.09%. Use the drawdown chart below to compare losses from any high point for DRGN.L and JMAB.L.
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Drawdown Indicators
| DRGN.L | JMAB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.71% | -16.21% | +4.50% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -5.51% | +4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -11.71% | -13.80% | +2.09% |
Current DrawdownCurrent decline from peak | -1.35% | -2.42% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -7.29% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 1.93% | -1.57% |
Volatility
DRGN.L vs. JMAB.L - Volatility Comparison
The current volatility for L&G China CNY Bond UCITS ETF (DRGN.L) is 2.25%, while JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF (JMAB.L) has a volatility of 2.68%. This indicates that DRGN.L experiences smaller price fluctuations and is considered to be less risky than JMAB.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 | JMAB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 2.68% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.74% | 4.18% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 6.91% | -3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.57% | 9.12% | -4.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 10.34% | -5.79% |