JMBP.L vs. DRGN.L
JMBP.L (JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist)) and DRGN.L (L&G China CNY Bond UCITS ETF) are both Emerging Markets Bonds funds. JMBP.L is passively managed, while DRGN.L is actively managed. Over the past 5 years, JMBP.L returned 0.77%/yr vs 3.36%/yr for DRGN.L. At a correlation of -0.17, they often move in opposite directions. JMBP.L charges 0.39%/yr vs 0.30%/yr for DRGN.L.
Performance
JMBP.L vs. DRGN.L - Performance Comparison
Loading charts...
Different Trading Currencies
JMBP.L is traded in GBP, while DRGN.L is traded in USD. To make them comparable, the DRGN.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, JMBP.L achieves a 1.62% return, which is significantly lower than DRGN.L's 5.05% return.
JMBP.L
- 1D
- 0.24%
- 1M
- 1.00%
- YTD
- 1.62%
- 6M
- 1.99%
- 1Y
- 10.82%
- 3Y*
- 7.54%
- 5Y*
- 0.77%
- 10Y*
- —
DRGN.L
- 1D
- -0.08%
- 1M
- 2.30%
- YTD
- 5.05%
- 6M
- 5.55%
- 1Y
- 9.27%
- 3Y*
- 2.36%
- 5Y*
- 3.36%
- 10Y*
- —
JMBP.L vs. DRGN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 1.62% | 13.12% | 1.60% | 8.37% | -17.57% | -2.86% | 1.85% |
DRGN.L L&G China CNY Bond UCITS ETF | 5.05% | -2.08% | 4.95% | -4.56% | 5.93% | 8.17% | -1.03% |
Correlation
The correlation between JMBP.L and DRGN.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | -0.17 |
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
JMBP.L vs. DRGN.L — Risk / Return Rank
JMBP.L
DRGN.L
JMBP.L vs. DRGN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) and L&G China CNY Bond UCITS ETF (DRGN.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.
| JMBP.L | DRGN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.27 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.93 | -0.55 |
| Martin ratioReturn relative to average drawdown | 10.19 | 8.53 | +1.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| JMBP.L | DRGN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.42 | +0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.44 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.38 | -0.27 |
Drawdowns
JMBP.L vs. DRGN.L - Drawdown Comparison
The maximum JMBP.L drawdown since its inception was -27.19%, which is greater than DRGN.L's maximum drawdown of -16.74%. Use the drawdown chart below to compare losses from any high point for JMBP.L and DRGN.L.
Loading charts...
Drawdown Indicators
| JMBP.L | DRGN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.19% | -16.74% | -10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.52% | -3.15% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -7.61% | -9.14% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -26.88% | -16.74% | -10.14% |
Current DrawdownCurrent decline from peak | -0.08% | -5.57% | +5.49% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -7.74% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.09% | -0.03% |
Volatility
JMBP.L vs. DRGN.L - Volatility Comparison
JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) (JMBP.L) has a higher volatility of 1.96% compared to L&G China CNY Bond UCITS ETF (DRGN.L) at 1.82%. This indicates that JMBP.L's price experiences larger fluctuations and is considered to be riskier than DRGN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| JMBP.L | DRGN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 1.82% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 4.53% | 5.18% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.44% | 6.51% | -1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.49% | 7.58% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.58% | 7.55% | +3.03% |
JMBP.L vs. DRGN.L - Expense Ratio Comparison
JMBP.L has a 0.39% expense ratio, which is higher than DRGN.L's 0.30% expense ratio.
Dividends
JMBP.L vs. DRGN.L - Dividend Comparison
JMBP.L's dividend yield for the trailing twelve months is around 5.75%, more than DRGN.L's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DRGN.L L&G China CNY Bond UCITS ETF | 1.63% | 1.94% | 2.31% | 2.45% | 2.76% | 1.44% | 0.00% |
JMBP.L JPMorgan USD Emerging Markets Sovereign Bond UCITS ETF GBP Hedged (dist) | 5.75% | 5.61% | 5.83% | 5.24% | 5.16% | 3.70% | 4.42% |
Frequently Asked Questions
JMBP.L and DRGN.L have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRGN.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRGN.L is cheaper with a 0.30% expense ratio, compared with 0.39% for JMBP.L.
They also come from different issuers: JPMorgan and Legal & General. Their fees differ too: 0.39% for JMBP.L and 0.30% for DRGN.L.
Find the right allocation for JMBP.L and DRGN.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