UB82.L vs. DRGG.L

Last updated Jul 18, 2026

UB82.L (UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis) and DRGG.L (L&G China CNY Bond UCITS ETF USD (Dist)) are both Government Bonds funds - UB82.L tracks the Bloomberg US 7-10 Year Treasury Bond Index while DRGG.L tracks the J.P. Morgan China Custom Liquid ESG Capped Index. Both are passively managed. Over the past 5 years, UB82.L returned -0.98%/yr vs 2.62%/yr for DRGG.L. A 0.60 correlation means they provide meaningful diversification when combined. UB82.L charges 0.05%/yr vs 0.30%/yr for DRGG.L.

Performance

UB82.L vs. DRGG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) and L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UB82.L achieves a 0.13% return, which is significantly lower than DRGG.L's 3.07% return.

UB82.L

• 1D: 0.37%
• 1M: -0.35%
• 6M: -0.09%
• YTD: 0.13%
• 1Y: 2.84%
• 3Y*: 1.57%
• 5Y*: -0.98%
• 10Y*: 0.26%

DRGG.L

• 1D: 0.25%
• 1M: -1.39%
• 6M: 3.02%
• YTD: 3.07%
• 1Y: 5.96%
• 3Y*: 3.65%
• 5Y*: 2.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UB82.L vs. DRGG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	0.13%	-0.40%	1.34%	-2.28%	-4.86%	-1.84%	-0.99%
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 UB82.L and DRGG.L is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (All Time) Calculated using the full available price history since Dec 4, 2020	0.60

Over the past year, UB82.L and DRGG.L have become more correlated (0.82) than their long-term average of 0.60, meaning their price movements have been converging.

Return for Risk

UB82.L vs. DRGG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UB82.L

UB82.L Risk / Return Rank: 18
UB82.L Sharpe Ratio Rank: 19
UB82.L Sortino Ratio Rank: 18
UB82.L Omega Ratio Rank: 17
UB82.L Calmar Ratio Rank: 19
UB82.L Martin Ratio Rank: 19

DRGG.L

DRGG.L Risk / Return Rank: 39
DRGG.L Sharpe Ratio Rank: 37
DRGG.L Sortino Ratio Rank: 38
DRGG.L Omega Ratio Rank: 35
DRGG.L Calmar Ratio Rank: 44
DRGG.L Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UB82.L vs. DRGG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.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.

	UB82.L	DRGG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.48	1.01	-0.53
Sortino ratio: Return per unit of downside risk	0.75	1.56	-0.80
Omega ratio: Gain probability vs. loss probability	1.09	1.19	-0.10
Calmar ratio: Return relative to maximum drawdown	0.58	1.74	-1.16
Martin ratio: Return relative to average drawdown	1.39	5.19	-3.81

UB82.L vs. DRGG.L - Sharpe Ratio Comparison

The current UB82.L Sharpe Ratio is 0.48, which is lower than the DRGG.L Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of UB82.L and DRGG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UB82.L vs. DRGG.L - Drawdown Comparison

The maximum UB82.L drawdown since its inception was -44.55%, 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 UB82.L and DRGG.L.

Drawdown Indicators

	UB82.L	DRGG.L	Difference
Max Drawdown Largest peak-to-trough decline	-44.55%	-27.90%	-16.65%
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	-3.40%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-7.79%	-9.04%	+1.25%
Max Drawdown (5Y) Largest decline over 5 years	-16.40%	-15.77%	-0.63%
Max Drawdown (10Y) Largest decline over 10 years	-27.42%	—	—
Current Drawdown Current decline from peak	-22.93%	-14.51%	-8.42%
Average Drawdown Average peak-to-trough decline	-23.84%	-18.79%	-5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.14%	+0.90%

Volatility

UB82.L vs. DRGG.L - Volatility Comparison

UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis (UB82.L) has a higher volatility of 1.32% compared to L&G China CNY Bond UCITS ETF USD (Dist) (DRGG.L) at 1.03%. This indicates that UB82.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.

Volatility by Period

	UB82.L	DRGG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	1.03%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	4.37%	4.49%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	5.93%	5.85%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.39%	7.33%	+2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.87%	12.95%	-3.08%

UB82.L vs. DRGG.L - Expense Ratio Comparison

UB82.L has a 0.05% expense ratio, which is lower than DRGG.L's 0.30% expense ratio.

Dividends

UB82.L vs. DRGG.L - Dividend Comparison

UB82.L's dividend yield for the trailing twelve months is around 3.09%, 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%
UB82.L UBS ETF (LU) Bloomberg US 7-10 Year Treasury Bond UCITS ETF (USD) A-dis	3.09%	2.20%	2.49%	2.80%	1.34%	1.02%	1.82%	1.98%	2.70%	1.92%	0.84%	0.83%

Frequently Asked Questions

Can I hold both UB82.L and DRGG.L in my portfolio?

UB82.L and DRGG.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UB82.L or DRGG.L?

On fees, UB82.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UB82.L or DRGG.L?

UB82.L is cheaper with a 0.05% expense ratio, compared with 0.30% for DRGG.L.

What is the main difference between UB82.L and DRGG.L?

UB82.L tracks Bloomberg US 7-10 Year Treasury Bond Index, while DRGG.L tracks J.P. Morgan China Custom Liquid ESG Capped Index. They also come from different issuers: UBS and L&G. Their fees differ too: 0.05% for UB82.L and 0.30% for DRGG.L.