AIBU vs. DRGN

Last updated Aug 4, 2026

AIBU (Direxion Daily AI and Big Data Bull 2X Shares) and DRGN (Themes China Generative Artificial Intelligence ETF) are both Artificial Intelligence funds - AIBU tracks the Solactive US AI & Big Data Index while DRGN tracks the BITA China Generative AI Select Index. Both are passively managed. Over the past year, AIBU returned 44.34% vs 34.60% for DRGN. Their 0.45 correlation means their historical movements had little consistent relationship. AIBU charges 0.96%/yr vs 0.39%/yr for DRGN.

Performance

AIBU vs. DRGN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and Themes China Generative Artificial Intelligence ETF (DRGN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIBU achieves a 24.34% return, which is significantly higher than DRGN's 8.71% return.

AIBU

• 1D: 7.06%
• 1M: 2.59%
• 6M: 27.87%
• YTD: 24.34%
• 1Y: 44.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 51.00%

DRGN

• 1D: -0.02%
• 1M: -0.13%
• 6M: -0.73%
• YTD: 8.71%
• 1Y: 34.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 35.86%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AIBU Direxion Daily AI and Big Data Bull 2X Shares	$445.98K	$469.28K	$1.04M
DRGN Themes China Generative Artificial Intelligence ETF	$403.33K	$404.08K	$565.01K

AIBU vs. DRGN - Yearly Performance Comparison

	2026 (YTD)	2025
AIBU Direxion Daily AI and Big Data Bull 2X Shares	24.34%	16.73%
DRGN Themes China Generative Artificial Intelligence ETF	8.71%	26.96%

Correlation

The correlation between AIBU and DRGN is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.45

Return for Risk

AIBU vs. DRGN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AIBU

AIBU Risk / Return Rank: 32
AIBU Sharpe Ratio Rank: 33
AIBU Sortino Ratio Rank: 36
AIBU Omega Ratio Rank: 35
AIBU Calmar Ratio Rank: 28
AIBU Martin Ratio Rank: 26

DRGN

DRGN Risk / Return Rank: 37
DRGN Sharpe Ratio Rank: 36
DRGN Sortino Ratio Rank: 38
DRGN Omega Ratio Rank: 35
DRGN Calmar Ratio Rank: 44
DRGN Martin Ratio Rank: 33

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AIBU vs. DRGN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily AI and Big Data Bull 2X Shares (AIBU) and Themes China Generative Artificial Intelligence ETF (DRGN). 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.

	AIBU	DRGN	Difference
Sharpe ratio: Return per unit of total volatility	0.85	0.95	-0.11
Sortino ratio: Return per unit of downside risk	1.41	1.51	-0.10
Omega ratio: Gain probability vs. loss probability	1.17	1.18	-0.01
Calmar ratio: Return relative to maximum drawdown	0.91	1.67	-0.75
Martin ratio: Return relative to average drawdown	2.05	3.32	-1.27

AIBU vs. DRGN - Sharpe Ratio Comparison

The current AIBU Sharpe Ratio is 0.85, which is comparable to the DRGN Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of AIBU and DRGN, 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

AIBU vs. DRGN - Drawdown Comparison

The maximum AIBU drawdown since its inception was -51.17%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for AIBU and DRGN.

Drawdown Indicators

	AIBU	DRGN	Difference
Max Drawdown Largest peak-to-trough decline	-51.17%	-20.86%	-30.31%
Max Drawdown (1Y) Largest decline over 1 year	-48.71%	-20.86%	-27.85%
Current Drawdown Current decline from peak	-19.67%	-13.31%	-6.36%
Average Drawdown Average peak-to-trough decline	-14.24%	-8.41%	-5.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.67%	10.46%	+11.21%

Volatility

AIBU vs. DRGN - Volatility Comparison

Direxion Daily AI and Big Data Bull 2X Shares (AIBU) has a higher volatility of 18.26% compared to Themes China Generative Artificial Intelligence ETF (DRGN) at 11.95%. This indicates that AIBU's price experiences larger fluctuations and is considered to be riskier than DRGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIBU	DRGN	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.26%	11.95%	+6.31%
Volatility (6M) Calculated over the trailing 6-month period	42.14%	25.81%	+16.33%
Volatility (1Y) Calculated over the trailing 1-year period	52.73%	36.59%	+16.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.16%	35.96%	+20.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.16%	35.96%	+20.20%

AIBU vs. DRGN - Expense Ratio Comparison

AIBU has a 0.96% expense ratio, which is higher than DRGN's 0.39% expense ratio.

Dividends

AIBU vs. DRGN - Dividend Comparison

AIBU's dividend yield for the trailing twelve months is around 1.73%, more than DRGN's 1.12% yield.

Position	TTM	2025	2024
AIBU Direxion Daily AI and Big Data Bull 2X Shares	1.73%	2.27%	1.33%
DRGN Themes China Generative Artificial Intelligence ETF	1.12%	1.22%	0.00%

Frequently Asked Questions

Can I hold both AIBU and DRGN in my portfolio?

AIBU and DRGN have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIBU or DRGN?

AIBU has higher volatility (18.26%) compared to DRGN (11.95%). In terms of maximum drawdown, AIBU dropped -51.17% vs DRGN's -20.86%.

Which ETF is better, AIBU or DRGN?

On 1-year performance, AIBU leads with 44.34% vs 34.60% for DRGN. On fees, DRGN is cheaper at 0.39% per year. On volatility, DRGN has been the lower-risk option at 11.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIBU or DRGN?

Over the 1-year period, AIBU has performed better with a 44.34% return vs 34.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIBU or DRGN?

DRGN is cheaper with a 0.39% expense ratio, compared with 0.96% for AIBU.

Which ETF pays a higher dividend yield, AIBU or DRGN?

AIBU has the higher dividend yield at 1.73%, compared with 1.12% for DRGN.

What is the main difference between AIBU and DRGN?

AIBU tracks Solactive US AI & Big Data Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: Direxion and Themes. Their fees differ too: 0.96% for AIBU and 0.39% for DRGN.

Which has better risk-adjusted returns?

DRGN currently has the higher Sharpe Ratio (0.95 vs 0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.