- Issuer
- Themes
- Inception Date
- Jul 15, 2025
- Region
- Asia (China)
- Category
- Technology Equities, China Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- BITA China Generative AI Select Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
DRGN Performance Chart
Themes China Generative Artificial Intelligence ETF (DRGN) is up 17.6% since the beginning of the year. DRGN is currently trading at $38 per share.
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Returns By Period
Themes China Generative Artificial Intelligence ETF
- 1D
- 0.92%
- 1M
- 2.68%
- YTD
- 17.63%
- 6M
- 19.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DRGN Monthly Returns History
Based on dividend-adjusted daily data since Jul 15, 2025, DRGN's average daily return is +0.19%, while the average monthly return is +3.90%. At this rate, an investment would double in approximately 1.5 years.
Historically, 67% of months were positive and 33% were negative. The best month was Aug 2025 with a return of +24.4%, while the worst month was Mar 2026 at -10.8%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, DRGN closed higher 52% of trading days. The best single day was Sep 11, 2025 with a return of +6.4%, while the worst single day was Oct 10, 2025 at -8.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.22% | -5.60% | -10.79% | 17.90% | 2.99% | 3.44% | 17.63% | ||||||
| 2025 | 4.41% | 24.36% | 11.73% | -7.34% | -5.84% | 0.30% | 26.96% |
Benchmark Metrics
Themes China Generative Artificial Intelligence ETF has an annualized alpha of 26.43%, beta of 1.30, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since July 15, 2025.
- This ETF captured 269.47% of S&P 500 Index gains and 163.84% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.22 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 26.43%
- Beta
- 1.30
- R²
- 0.22
- Upside Capture
- 269.47%
- Downside Capture
- 163.84%
Expense Ratio
DRGN has an expense ratio of 0.39%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Themes China Generative Artificial Intelligence ETF (DRGN) and compare them to S&P 500 Index.
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.
| DRGN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Themes China Generative Artificial Intelligence ETF provided a 1.03% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.40 | $0.40 |
Dividend yield | 1.03% | 1.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Themes China Generative Artificial Intelligence ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.40 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Themes China Generative Artificial Intelligence ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Themes China Generative Artificial Intelligence ETF was 20.86%, occurring on Mar 30, 2026. Recovery took 26 trading sessions.
The current Themes China Generative Artificial Intelligence ETF drawdown is 6.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -20.86%Mar 2026 | 5mo 28d | 1mo 7d | 7mo 5dOct 2025 - May 2026 |
2026 correction2026 | -13.96%Jun 2026 | 29d | — | 1mo 10dMay 2026 - now |
2025 pullback2025 | -7.91%Sep 2025 | 6d | 7d | 13dAug 2025 - Sep 2025 |
2025 pullback2025 | -4.07%Sep 2025 | 0s | 4d | 4dSep 2025 - Sep 2025 |
2025 pullback2025 | -3.31%Sep 2025 | 0s | 2d | 2dSep 2025 - Sep 2025 |
Drawdown Indicators
| DRGN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -56.78% | +35.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.19% | -1.80% | -4.39% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -10.71% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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