IBGL.L vs. DRGG.L
IBGL.L (iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist)) and DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) are both Government Bonds funds - IBGL.L tracks the iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) while DRGG.L tracks the J.P. Morgan China Custom Liquid ESG Capped Index. Both are passively managed. Over the past 5 years, IBGL.L returned -8.38%/yr vs 2.65%/yr for DRGG.L. At a 0.10 correlation, their price movements are largely independent. IBGL.L charges 0.20%/yr vs 0.30%/yr for DRGG.L.
Performance
IBGL.L vs. DRGG.L - Performance Comparison
Loading charts...
Different Trading Currencies
IBGL.L is traded in GBP, while DRGG.L is traded in GBp. To make them comparable, the DRGG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBGL.L achieves a -4.18% return, which is significantly lower than DRGG.L's 3.22% return.
IBGL.L
- 1D
- -0.40%
- 1M
- -4.05%
- 6M
- -4.44%
- YTD
- -4.18%
- 1Y
- -4.09%
- 3Y*
- -0.76%
- 5Y*
- -8.38%
- 10Y*
- -2.49%
DRGG.L
- 1D
- -0.64%
- 1M
- -0.78%
- 6M
- 2.97%
- YTD
- 3.22%
- 1Y
- 6.08%
- 3Y*
- 3.64%
- 5Y*
- 2.65%
- 10Y*
- —
IBGL.L vs. DRGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBGL.L iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | -4.18% | -0.80% | -5.06% | 7.50% | -30.45% | -13.04% | 0.44% |
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% |
Correlation
The correlation between IBGL.L and DRGG.L is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.10 |
The correlation between IBGL.L and DRGG.L shifts across timeframes, from -0.00 (3 years) to 0.10 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBGL.L vs. DRGG.L — Risk / Return Rank
IBGL.L
DRGG.L
IBGL.L vs. DRGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBGL.L) and L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.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.
| IBGL.L | DRGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.49 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.19 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.78 | -2.28 |
| Martin ratioReturn relative to average drawdown | -1.08 | 5.39 | -6.47 |
Loading charts...
Drawdowns
IBGL.L vs. DRGG.L - Drawdown Comparison
The maximum IBGL.L drawdown since its inception was -46.77%, which is greater than DRGG.L's maximum drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for IBGL.L and DRGG.L.
Loading charts...
Drawdown Indicators
| IBGL.L | DRGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.77% | -27.90% | -18.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -3.40% | -5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -12.99% | -9.04% | -3.95% |
Max Drawdown (5Y)Largest decline over 5 years | -41.54% | -15.77% | -25.77% |
Max Drawdown (10Y)Largest decline over 10 years | -46.77% | — | — |
Current DrawdownCurrent decline from peak | -42.87% | -14.39% | -28.48% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -18.79% | +4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 1.13% | +2.86% |
Volatility
IBGL.L vs. DRGG.L - Volatility Comparison
iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) (IBGL.L) has a higher volatility of 2.80% compared to L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) at 1.44%. This indicates that IBGL.L's price experiences larger fluctuations and is considered to be riskier than DRGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBGL.L | DRGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 1.44% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 4.47% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.44% | 5.85% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.81% | 7.33% | +6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.87% | 12.96% | -0.09% |
IBGL.L vs. DRGG.L - Expense Ratio Comparison
IBGL.L has a 0.20% expense ratio, which is lower than DRGG.L's 0.30% expense ratio.
Dividends
IBGL.L vs. DRGG.L - Dividend Comparison
IBGL.L's dividend yield for the trailing twelve months is around 3.83%, more than DRGG.L's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 0.87% | 2.04% | 2.27% | 2.48% | 2.61% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBGL.L iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist) | 3.83% | 3.48% | 3.23% | 2.65% | 1.28% | 0.55% | 0.73% | 1.28% | 1.48% | 1.32% | 1.41% | 1.78% |
Frequently Asked Questions
IBGL.L and DRGG.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBGL.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBGL.L is cheaper with a 0.20% expense ratio, compared with 0.30% for DRGG.L.
IBGL.L tracks iShares € Govt Bond 15-30yr UCITS ETF EUR (Dist), while DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index. They also come from different issuers: iShares and L&G. Their fees differ too: 0.20% for IBGL.L and 0.30% for DRGG.L.
Find the right allocation for IBGL.L and DRGG.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer