SDIG.L vs. DRGG.L
SDIG.L (iShares $ Short Duration Corp Bond UCITS ETF USD (Dist)) and DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) are both exchange-traded funds - SDIG.L is a Short-Term Bond fund tracking the Markit iBoxx USD Liquid Investment Grade 0-5 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, SDIG.L returned 2.45%/yr vs 2.15%/yr for DRGG.L. At a 0.11 correlation, their price movements are largely independent. SDIG.L charges 0.20%/yr vs 0.30%/yr for DRGG.L.
Performance
SDIG.L vs. DRGG.L - Performance Comparison
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Different Trading Currencies
SDIG.L is traded in USD, while DRGG.L is traded in GBp. To make them comparable, the DRGG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SDIG.L achieves a 0.98% return, which is significantly lower than DRGG.L's 3.01% return.
SDIG.L
- 1D
- -0.03%
- 1M
- 0.16%
- 6M
- 1.03%
- YTD
- 0.98%
- 1Y
- 3.82%
- 3Y*
- 5.14%
- 5Y*
- 2.45%
- 10Y*
- 2.50%
DRGG.L
- 1D
- 0.04%
- 1M
- -0.21%
- 6M
- 3.57%
- YTD
- 3.01%
- 1Y
- 6.22%
- 3Y*
- 4.74%
- 5Y*
- 2.15%
- 10Y*
- —
SDIG.L vs. DRGG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 0.98% | 6.12% | 4.93% | 5.83% | -4.83% | -0.48% | 0.33% |
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 3.01% | 5.68% | 3.04% | 0.01% | -5.38% | 7.53% | -24.68% |
Correlation
The correlation between SDIG.L and DRGG.L is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020 | 0.11 |
The correlation between SDIG.L and DRGG.L shifts across timeframes, from -0.00 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SDIG.L vs. DRGG.L — Risk / Return Rank
SDIG.L
DRGG.L
SDIG.L vs. DRGG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.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.
| SDIG.L | DRGG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.23 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 3.76 | -0.52 |
| Martin ratioReturn relative to average drawdown | 13.59 | 13.54 | +0.05 |
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Drawdowns
SDIG.L vs. DRGG.L - Drawdown Comparison
The maximum SDIG.L drawdown since its inception was -11.39%, smaller than the maximum DRGG.L drawdown of -27.95%. Use the drawdown chart below to compare losses from any high point for SDIG.L and DRGG.L.
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Drawdown Indicators
| SDIG.L | DRGG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.39% | -27.95% | +16.56% |
Max Drawdown (1Y)Largest decline over 1 year | -1.17% | -1.65% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -1.18% | -3.61% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -7.59% | -12.16% | +4.57% |
Max Drawdown (10Y)Largest decline over 10 years | -11.39% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -14.02% | +13.85% |
Average DrawdownAverage peak-to-trough decline | -0.93% | -21.38% | +20.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.46% | -0.18% |
Volatility
SDIG.L vs. DRGG.L - Volatility Comparison
The current volatility for iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) (SDIG.L) is 0.61%, while L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) has a volatility of 1.35%. This indicates that SDIG.L experiences smaller price fluctuations and is considered to be less risky 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
| SDIG.L | DRGG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.35% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 1.55% | 4.49% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 5.16% | -3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.66% | 6.53% | -3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.75% | 12.45% | -8.70% |
SDIG.L vs. DRGG.L - Expense Ratio Comparison
SDIG.L has a 0.20% expense ratio, which is lower than DRGG.L's 0.30% expense ratio.
Dividends
SDIG.L vs. DRGG.L - Dividend Comparison
SDIG.L's dividend yield for the trailing twelve months is around 4.40%, more than DRGG.L's 0.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRGG.L L&G China CNY Bond UCITS ETF USD (Dist) | 0.01% | 2.04% | 2.27% | 2.48% | 2.61% | 1.40% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDIG.L iShares $ Short Duration Corp Bond UCITS ETF USD (Dist) | 4.40% | 4.32% | 4.03% | 3.11% | 1.85% | 1.49% | 2.12% | 2.63% | 2.29% | 1.84% | 1.75% | 1.43% |
Frequently Asked Questions
SDIG.L and DRGG.L have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDIG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDIG.L is cheaper with a 0.20% expense ratio, compared with 0.30% for DRGG.L.
SDIG.L is categorized as Short-Term Bond, while DRGG.L is Government Bonds. SDIG.L tracks Markit iBoxx USD Liquid Investment Grade 0-5 Index, while DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index. They also come from different issuers: iShares and L&G. Their fees differ too: 0.20% for SDIG.L and 0.30% for DRGG.L.
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