Themes China Generative Artificial Intelligence ETF (DRGN) Sharpe Ratio: 1.25

DRGN's Sharpe Ratio of 1.25 indicates that for each unit of volatility, it generates 1.25 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jul 16, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

DRGN Sharpe Ratio Rank

Average

DRGN ranks above 42.0% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Returns are proportional to volatility—neither strong nor weak
Evaluate whether the volatility profile aligns with your risk tolerance
Review higher-ranked alternatives in the same category
Monitor rank direction to identify improving or deteriorating trends

DRGN Sharpe Ratio Market Positioning

The chart shows DRGN's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.77 or lower
Yellow zone (middle 50%): 0.77 to 1.93
Green zone (top 25%): 1.93 or higher
Top 1%: 6.58+
Median: 1.44 — half of all investments score higher

How it compares to other similar ETFs

The table compares Themes China Generative Artificial Intelligence ETF's Sharpe Ratio with other ETFs in the China Equities, Technology Equities, Asia Pacific Equities category across multiple time periods, showing how DRGN's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jul 16, 2026.

Symbol	Name	1Y Sharpe Ratio
CHPS	Xtrackers Semiconductor Select Equity ETF	3.51
AIS	VistaShares Artificial Intelligence Supercycle ETF	3.45
FTXL	First Trust Nasdaq Semiconductor ETF	3.29
PSI	Invesco Semiconductors ETF	3.26
OPPJ	WisdomTree Japan Opportunities ETF	3.17
DXJ	WisdomTree Japan Hedged Equity Fund	3.07
FLTW	Franklin FTSE Taiwan ETF	3.05
SOXX	iShares Semiconductor ETF	3.02
ASMH	ASML Holding NV ADR Hedged ETF	2.94
KCAI	KraneShares China Alpha Index ETF	2.93
DRGN	Themes China Generative Artificial Intelligence ETF	1.25

Benchmark Against

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S&P 500 Index

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Historical Sharpe Ratio

The chart shows DRGN's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when DRGN consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does DRGN fit in your portfolio?

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