LDME.L vs. DRGG.L
LDME.L (L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist)) and DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - LDME.L is a Emerging Markets Equities fund tracking the FTSE Emerging All Cap ex CW ex TC ex REITS Dividend Growth with Quality Index, while DRGG.L is a Government Bonds fund tracking the J.P. Morgan China Custom Liquid ESG Capped Index. Both are passively managed. Over the past 5 years, LDME.L returned 9.58%/yr vs 2.62%/yr for DRGG.L. At a 0.14 correlation, their price movements are largely independent. LDME.L charges 0.45%/yr vs 0.30%/yr for DRGG.L.
Performance
LDME.L vs. DRGG.L - Performance Comparison
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Returns By Period
In the year-to-date period, LDME.L achieves a 10.73% return, which is significantly higher than DRGG.L's 3.07% return.
LDME.L
- 1D
- -0.96%
- 1M
- -5.18%
- 6M
- 6.28%
- YTD
- 10.73%
- 1Y
- 20.08%
- 3Y*
- 15.53%
- 5Y*
- 9.58%
- 10Y*
- —
DRGG.L
- 1D
- 0.25%
- 1M
- -1.39%
- 6M
- 3.02%
- YTD
- 3.07%
- 1Y
- 5.96%
- 3Y*
- 3.65%
- 5Y*
- 2.62%
- 10Y*
- —
LDME.L vs. DRGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDME.L L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) | 10.73% | 16.54% | 11.33% | 10.64% | -2.34% | 7,358.59% |
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 3.07% | -1.73% | 4.79% | -5.00% | 5.94% | 6.99% |
Correlation
The correlation between LDME.L and DRGG.L is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | 0.14 |
The correlation between LDME.L and DRGG.L shifts across timeframes, from 0.02 (1 year) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
LDME.L vs. DRGG.L — Risk / Return Rank
LDME.L
DRGG.L
LDME.L vs. DRGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDME.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.
| LDME.L | DRGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 1.74 | +1.36 |
| Martin ratioReturn relative to average drawdown | 8.15 | 5.19 | +2.96 |
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Drawdowns
LDME.L vs. DRGG.L - Drawdown Comparison
The maximum LDME.L drawdown since its inception was -14.82%, smaller than the maximum DRGG.L drawdown of -27.90%. Use the drawdown chart below to compare losses from any high point for LDME.L and DRGG.L.
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Drawdown Indicators
| LDME.L | DRGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.82% | -27.90% | +13.08% |
Max Drawdown (1Y)Largest decline over 1 year | -6.44% | -3.40% | -3.04% |
Max Drawdown (3Y)Largest decline over 3 years | -14.82% | -9.04% | -5.78% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -15.77% | +0.95% |
Current DrawdownCurrent decline from peak | -6.32% | -14.51% | +8.19% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -18.79% | +15.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 1.14% | +1.32% |
Volatility
LDME.L vs. DRGG.L - Volatility Comparison
L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) (LDME.L) has a higher volatility of 3.98% compared to L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) at 1.03%. This indicates that LDME.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.
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Volatility by Period
| LDME.L | DRGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 1.03% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 4.49% | +5.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.14% | 5.85% | +6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.65% | 7.33% | +5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3,215.14% | 12.95% | +3,202.19% |
LDME.L vs. DRGG.L - Expense Ratio Comparison
LDME.L has a 0.45% expense ratio, which is higher than DRGG.L's 0.30% expense ratio.
Dividends
LDME.L vs. DRGG.L - Dividend Comparison
LDME.L's dividend yield for the trailing twelve months is around 2.88%, more than DRGG.L's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 0.01% | 2.04% | 2.27% | 2.48% | 2.61% | 1.40% |
LDME.L L&G Emerging Markets Quality Dividends Equal Weight UCITS ETF USD (Dist) | 2.88% | 3.04% | 3.67% | 3.56% | 4.57% | 1.55% |
Frequently Asked Questions
LDME.L and DRGG.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRGG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRGG.L is cheaper with a 0.30% expense ratio, compared with 0.45% for LDME.L.
LDME.L is categorized as Emerging Markets Equities, while DRGG.L is Government Bonds. LDME.L tracks FTSE Emerging All Cap ex CW ex TC ex REITS Dividend Growth with Quality Index, while DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index. Their fees differ too: 0.45% for LDME.L and 0.30% for DRGG.L.
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