LDUK.L vs. DRGN.L
LDUK.L (L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF) and DRGN.L (L&G China CNY Bond UCITS ETF) are both exchange-traded funds - LDUK.L is a Europe Equities fund tracking the FTSE AllSh TR GBP, while DRGN.L is a Emerging Markets Bonds fund actively managed by Legal & General. LDUK.L is passively managed, while DRGN.L is actively managed. Over the past 5 years, LDUK.L returned 9.34%/yr vs 3.36%/yr for DRGN.L. At a correlation of -0.09, they often move in opposite directions. LDUK.L charges 0.25%/yr vs 0.30%/yr for DRGN.L.
Performance
LDUK.L vs. DRGN.L - Performance Comparison
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Different Trading Currencies
LDUK.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, LDUK.L achieves a 3.01% return, which is significantly lower than DRGN.L's 5.05% return.
LDUK.L
- 1D
- 0.72%
- 1M
- 4.03%
- YTD
- 3.01%
- 6M
- 7.64%
- 1Y
- 12.83%
- 3Y*
- 16.70%
- 5Y*
- 9.34%
- 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*
- —
LDUK.L vs. DRGN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LDUK.L L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF | 3.01% | 22.62% | 16.13% | 8.22% | -3.33% | 6.07% |
DRGN.L L&G China CNY Bond UCITS ETF | 5.05% | -2.08% | 4.95% | -4.56% | 5.93% | 8.86% |
Correlation
The correlation between LDUK.L and DRGN.L is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021 | -0.09 |
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Return for Risk
LDUK.L vs. DRGN.L — Risk / Return Rank
LDUK.L
DRGN.L
LDUK.L vs. DRGN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.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.
| LDUK.L | DRGN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 2.93 | -1.82 |
| Martin ratioReturn relative to average drawdown | 4.06 | 8.53 | -4.47 |
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
| LDUK.L | DRGN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.42 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.44 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.38 | +0.37 |
Drawdowns
LDUK.L vs. DRGN.L - Drawdown Comparison
The maximum LDUK.L drawdown since its inception was -17.13%, roughly equal to the maximum DRGN.L drawdown of -16.74%. Use the drawdown chart below to compare losses from any high point for LDUK.L and DRGN.L.
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Drawdown Indicators
| LDUK.L | DRGN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.13% | -16.74% | -0.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.51% | -3.15% | -8.36% |
Max Drawdown (3Y)Largest decline over 3 years | -13.46% | -9.14% | -4.32% |
Max Drawdown (5Y)Largest decline over 5 years | -17.13% | -16.74% | -0.39% |
Current DrawdownCurrent decline from peak | -1.80% | -5.57% | +3.77% |
Average DrawdownAverage peak-to-trough decline | -3.66% | -7.74% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 1.09% | +2.06% |
Volatility
LDUK.L vs. DRGN.L - Volatility Comparison
L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF (LDUK.L) has a higher volatility of 4.63% compared to L&G China CNY Bond UCITS ETF (DRGN.L) at 1.82%. This indicates that LDUK.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.
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Volatility by Period
| LDUK.L | DRGN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 1.82% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 5.18% | +7.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.67% | 6.51% | +8.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 7.58% | +8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.64% | 7.55% | +8.09% |
LDUK.L vs. DRGN.L - Expense Ratio Comparison
LDUK.L has a 0.25% expense ratio, which is lower than DRGN.L's 0.30% expense ratio.
Dividends
LDUK.L vs. DRGN.L - Dividend Comparison
LDUK.L's dividend yield for the trailing twelve months is around 4.79%, more than DRGN.L's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
DRGN.L L&G China CNY Bond UCITS ETF | 1.63% | 1.94% | 2.31% | 2.45% | 2.76% | 1.44% |
LDUK.L L&G Quality Equity Dividends ESG Exclusions UK UCITS ETF | 4.79% | 4.87% | 4.43% | 5.14% | 5.87% | 4.41% |
Frequently Asked Questions
LDUK.L and DRGN.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDUK.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDUK.L is cheaper with a 0.25% expense ratio, compared with 0.30% for DRGN.L.
LDUK.L is categorized as Europe Equities, while DRGN.L is Emerging Markets Bonds. Their fees differ too: 0.25% for LDUK.L and 0.30% for DRGN.L.
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