LUK2.L vs. DRGG.L
LUK2.L (L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc)) and DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - LUK2.L is a Leveraged Equities fund tracking the FTSE 100 Daily Leveraged 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, LUK2.L returned 17.31%/yr vs 2.62%/yr for DRGG.L. At a correlation of -0.12, they often move in opposite directions. LUK2.L charges 0.50%/yr vs 0.30%/yr for DRGG.L.
Performance
LUK2.L vs. DRGG.L - Performance Comparison
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Returns By Period
In the year-to-date period, LUK2.L achieves a 12.85% return, which is significantly higher than DRGG.L's 3.07% return.
LUK2.L
- 1D
- 0.67%
- 1M
- 1.34%
- 6M
- 6.53%
- YTD
- 12.85%
- 1Y
- 36.06%
- 3Y*
- 24.04%
- 5Y*
- 17.31%
- 10Y*
- 10.51%
DRGG.L
- 1D
- 0.25%
- 1M
- -1.39%
- 6M
- 3.02%
- YTD
- 3.07%
- 1Y
- 5.96%
- 3Y*
- 3.65%
- 5Y*
- 2.62%
- 10Y*
- —
LUK2.L vs. DRGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) | 12.85% | 43.73% | 9.81% | 6.59% | 3.75% | 34.76% | -0.76% |
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 3.07% | -1.73% | 4.79% | -5.00% | 5.94% | 8.52% | -25.93% |
Correlation
The correlation between LUK2.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 | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | -0.12 |
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Return for Risk
LUK2.L vs. DRGG.L — Risk / Return Rank
LUK2.L
DRGG.L
LUK2.L vs. DRGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.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.
| LUK2.L | DRGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.19 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.74 | +0.19 |
| Martin ratioReturn relative to average drawdown | 5.67 | 5.19 | +0.47 |
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Drawdowns
LUK2.L vs. DRGG.L - Drawdown Comparison
The maximum LUK2.L drawdown since its inception was -58.84%, 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 LUK2.L and DRGG.L.
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Drawdown Indicators
| LUK2.L | DRGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.84% | -27.90% | -30.94% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -3.40% | -15.15% |
Max Drawdown (3Y)Largest decline over 3 years | -25.42% | -9.04% | -16.38% |
Max Drawdown (5Y)Largest decline over 5 years | -25.42% | -15.77% | -9.65% |
Max Drawdown (10Y)Largest decline over 10 years | -58.84% | — | — |
Current DrawdownCurrent decline from peak | -6.16% | -14.51% | +8.35% |
Average DrawdownAverage peak-to-trough decline | -10.67% | -18.79% | +8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.34% | 1.14% | +5.20% |
Volatility
LUK2.L vs. DRGG.L - Volatility Comparison
L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) (LUK2.L) has a higher volatility of 5.83% compared to L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) at 1.03%. This indicates that LUK2.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
| LUK2.L | DRGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 1.03% | +4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | 4.49% | +15.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.62% | 5.85% | +16.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.60% | 7.33% | +18.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.65% | 12.95% | +16.70% |
LUK2.L vs. DRGG.L - Expense Ratio Comparison
LUK2.L has a 0.50% expense ratio, which is higher than DRGG.L's 0.30% expense ratio.
Dividends
LUK2.L vs. DRGG.L - Dividend Comparison
LUK2.L has not paid dividends to shareholders, while DRGG.L's dividend yield for the trailing twelve months is around 0.01%.
| 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% |
LUK2.L L&G FTSE 100 Leveraged (Daily 2x) UCITS ETF GBP (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LUK2.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, 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 0.50% for LUK2.L.
LUK2.L is categorized as Leveraged Equities, while DRGG.L is Government Bonds. LUK2.L tracks FTSE 100 Daily Leveraged Index, while DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index. Their fees differ too: 0.50% for LUK2.L and 0.30% for DRGG.L.
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