IDBT.L vs. DRGG.L
IDBT.L (iShares $ Treasury Bond 1-3yr UCITS ETF) and DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) are both Government Bonds funds - IDBT.L tracks the iShares $ Treasury Bond 1-3yr UCITS ETF while DRGG.L tracks the J.P. Morgan China Custom Liquid ESG Capped Index. Both are passively managed. Over the past 5 years, IDBT.L returned 1.93%/yr vs 2.31%/yr for DRGG.L. At a 0.14 correlation, their price movements are largely independent. IDBT.L charges 0.07%/yr vs 0.30%/yr for DRGG.L.
Performance
IDBT.L vs. DRGG.L - Performance Comparison
Loading charts...
Different Trading Currencies
IDBT.L is traded in USD, while DRGG.L is traded in GBp. To make them comparable, the DRGG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDBT.L achieves a 0.76% return, which is significantly lower than DRGG.L's 3.82% return.
IDBT.L
- 1D
- 0.00%
- 1M
- 0.15%
- 6M
- 0.76%
- YTD
- 0.76%
- 1Y
- 3.38%
- 3Y*
- 4.30%
- 5Y*
- 1.93%
- 10Y*
- 1.76%
DRGG.L
- 1D
- 0.49%
- 1M
- 0.12%
- 6M
- 3.69%
- YTD
- 3.82%
- 1Y
- 7.31%
- 3Y*
- 4.79%
- 5Y*
- 2.31%
- 10Y*
- —
IDBT.L vs. DRGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IDBT.L iShares $ Treasury Bond 1-3yr UCITS ETF | 0.76% | 5.28% | 4.03% | 4.16% | -3.71% | -0.64% | 0.09% |
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 3.82% | 5.68% | 3.04% | 0.01% | -5.38% | 7.53% | -24.68% |
Correlation
The correlation between IDBT.L and DRGG.L is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.14 |
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
IDBT.L vs. DRGG.L — Risk / Return Rank
IDBT.L
DRGG.L
IDBT.L vs. DRGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF (IDBT.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.
| IDBT.L | DRGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.28 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.37 | 4.42 | -0.05 |
| Martin ratioReturn relative to average drawdown | 16.88 | 16.28 | +0.60 |
Loading charts...
Drawdowns
IDBT.L vs. DRGG.L - Drawdown Comparison
The maximum IDBT.L drawdown since its inception was -5.66%, smaller than the maximum DRGG.L drawdown of -27.95%. Use the drawdown chart below to compare losses from any high point for IDBT.L and DRGG.L.
Loading charts...
Drawdown Indicators
| IDBT.L | DRGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.66% | -27.95% | +22.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -1.65% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | -3.61% | +2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -5.66% | -12.16% | +6.50% |
Max Drawdown (10Y)Largest decline over 10 years | -5.66% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -13.35% | +13.35% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -21.39% | +20.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 0.45% | -0.26% |
Volatility
IDBT.L vs. DRGG.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF (IDBT.L) is 0.39%, while L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) has a volatility of 1.31%. This indicates that IDBT.L experiences smaller price fluctuations and is considered to be less risky than DRGG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IDBT.L | DRGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.39% | 1.31% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 4.46% | -3.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.21% | 5.08% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.99% | 6.53% | -4.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.77% | 12.45% | -10.68% |
IDBT.L vs. DRGG.L - Expense Ratio Comparison
IDBT.L has a 0.07% expense ratio, which is lower than DRGG.L's 0.30% expense ratio.
Dividends
IDBT.L vs. DRGG.L - Dividend Comparison
IDBT.L's dividend yield for the trailing twelve months is around 3.99%, 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% |
IDBT.L iShares $ Treasury Bond 1-3yr UCITS ETF | 3.99% | 4.15% | 4.25% | 2.97% | 0.74% | 0.63% | 1.71% | 2.31% | 1.57% | 0.96% | 0.74% | 0.51% |
Frequently Asked Questions
IDBT.L and DRGG.L have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDBT.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDBT.L is cheaper with a 0.07% expense ratio, compared with 0.30% for DRGG.L.
IDBT.L tracks iShares $ Treasury Bond 1-3yr UCITS ETF, 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: 0.07% for IDBT.L and 0.30% for DRGG.L.
Find the right allocation for IDBT.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