RTWP.L vs. DRGN.L
RTWP.L (L&G Russell 2000 US Small Cap UCITS ETF) and DRGN.L (L&G China CNY Bond UCITS ETF) are both exchange-traded funds - RTWP.L is a Small Cap Blend Equities fund tracking the Russell 2000 TR USD, while DRGN.L is a Emerging Markets Bonds fund actively managed by Legal & General. RTWP.L is passively managed, while DRGN.L is actively managed. Over the past 5 years, RTWP.L returned 8.43%/yr vs 3.36%/yr for DRGN.L. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.30% expense ratio.
Performance
RTWP.L vs. DRGN.L - Performance Comparison
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Different Trading Currencies
RTWP.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, RTWP.L achieves a 16.93% return, which is significantly higher than DRGN.L's 5.05% return.
RTWP.L
- 1D
- 1.41%
- 1M
- 4.16%
- YTD
- 16.93%
- 6M
- 15.64%
- 1Y
- 36.63%
- 3Y*
- 14.81%
- 5Y*
- 8.43%
- 10Y*
- 12.05%
DRGN.L
- 1D
- -0.08%
- 1M
- 2.30%
- YTD
- 5.05%
- 6M
- 5.55%
- 1Y
- 9.27%
- 3Y*
- 2.36%
- 5Y*
- 3.36%
- 10Y*
- —
RTWP.L vs. DRGN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RTWP.L L&G Russell 2000 US Small Cap UCITS ETF | 16.93% | 3.61% | 11.18% | 13.44% | -8.94% | 20.68% | 0.62% |
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 RTWP.L and DRGN.L is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020 | 0.05 |
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Return for Risk
RTWP.L vs. DRGN.L — Risk / Return Rank
RTWP.L
DRGN.L
RTWP.L vs. DRGN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Russell 2000 US Small Cap UCITS ETF (RTWP.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.
| RTWP.L | DRGN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.92 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.27 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.93 | 2.93 | +2.00 |
| Martin ratioReturn relative to average drawdown | 14.84 | 8.53 | +6.31 |
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
| RTWP.L | DRGN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 1.42 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.44 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.38 | +0.32 |
Drawdowns
RTWP.L vs. DRGN.L - Drawdown Comparison
The maximum RTWP.L drawdown since its inception was -35.32%, 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 RTWP.L and DRGN.L.
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Drawdown Indicators
| RTWP.L | DRGN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -16.74% | -18.58% |
Max Drawdown (1Y)Largest decline over 1 year | -7.40% | -3.15% | -4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -28.77% | -9.14% | -19.63% |
Max Drawdown (5Y)Largest decline over 5 years | -28.77% | -16.74% | -12.03% |
Max Drawdown (10Y)Largest decline over 10 years | -35.32% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.57% | +5.57% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -7.74% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 1.09% | +1.37% |
Volatility
RTWP.L vs. DRGN.L - Volatility Comparison
L&G Russell 2000 US Small Cap UCITS ETF (RTWP.L) has a higher volatility of 4.55% compared to L&G China CNY Bond UCITS ETF (DRGN.L) at 1.82%. This indicates that RTWP.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
| RTWP.L | DRGN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 1.82% | +2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 10.96% | 5.18% | +5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.61% | 6.51% | +9.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.25% | 7.58% | +11.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.40% | 7.55% | +12.85% |
RTWP.L vs. DRGN.L - Expense Ratio Comparison
Both RTWP.L and DRGN.L have an expense ratio of 0.30%.
Dividends
RTWP.L vs. DRGN.L - Dividend Comparison
RTWP.L has not paid dividends to shareholders, while DRGN.L's dividend yield for the trailing twelve months is around 1.63%.
| 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% |
RTWP.L L&G Russell 2000 US Small Cap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RTWP.L and DRGN.L have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
RTWP.L and DRGN.L have the same expense ratio: 0.30% per year.
RTWP.L is categorized as Small Cap Blend Equities, while DRGN.L is Emerging Markets Bonds.
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