AIQ vs. DRGN
AIQ (Global X Artificial Intelligence & Technology ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both Artificial Intelligence funds - AIQ tracks the Indxx Artificial Intelligence & Big Data Index while DRGN tracks the BITA China Generative AI Select Index. Both are passively managed. Over the past year, AIQ returned 39.46% vs 34.60% for DRGN. Their 0.54 correlation means they have sometimes moved together and sometimes differently. AIQ charges 0.68%/yr vs 0.39%/yr for DRGN.
Performance
AIQ vs. DRGN - Performance Comparison
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Returns By Period
In the year-to-date period, AIQ achieves a 19.09% return, which is significantly higher than DRGN's 8.71% return.
AIQ
- 1D
- 2.85%
- 1M
- -2.07%
- 6M
- 15.64%
- YTD
- 19.09%
- 1Y
- 39.46%
- 3Y*
- 28.94%
- 5Y*
- 14.71%
- 10Y*
- —
- ALL TIME*
- 18.89%
DRGN
- 1D
- -0.02%
- 1M
- -0.13%
- 6M
- -0.73%
- YTD
- 8.71%
- 1Y
- 34.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $119.65M | $125.66M | $166.59M | |
| $403.33K | $404.08K | $565.01K |
AIQ vs. DRGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 19.09% | 17.00% |
DRGN Themes China Generative Artificial Intelligence ETF | 8.71% | 26.96% |
Correlation
The correlation between AIQ and DRGN is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.54 |
The correlation between AIQ and DRGN has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.
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Return for Risk
AIQ vs. DRGN — Risk / Return Rank
AIQ
DRGN
AIQ vs. DRGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Artificial Intelligence & Technology ETF (AIQ) 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.
| AIQ | DRGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.67 | +0.30 |
| Martin ratioReturn relative to average drawdown | 5.85 | 3.32 | +2.53 |
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Drawdowns
AIQ vs. DRGN - Drawdown Comparison
The maximum AIQ drawdown since its inception was -44.66%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for AIQ and DRGN.
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Drawdown Indicators
| AIQ | DRGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.66% | -20.86% | -23.80% |
Max Drawdown (1Y)Largest decline over 1 year | -20.19% | -20.86% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -26.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.66% | — | — |
Current DrawdownCurrent decline from peak | -13.64% | -13.31% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -9.82% | -8.41% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.76% | 10.46% | -3.70% |
Volatility
AIQ vs. DRGN - Volatility Comparison
The current volatility for Global X Artificial Intelligence & Technology ETF (AIQ) is 10.54%, while Themes China Generative Artificial Intelligence ETF (DRGN) has a volatility of 11.95%. This indicates that AIQ experiences smaller price fluctuations and is considered to be less risky than DRGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIQ | DRGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 11.95% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 24.90% | 25.81% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.63% | 36.59% | -7.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.45% | 35.96% | -9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.99% | 35.96% | -9.97% |
AIQ vs. DRGN - Expense Ratio Comparison
AIQ has a 0.68% expense ratio, which is higher than DRGN's 0.39% expense ratio.
Dividends
AIQ vs. DRGN - Dividend Comparison
AIQ's dividend yield for the trailing twelve months is around 0.08%, less than DRGN's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 0.08% | 0.18% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% |
DRGN Themes China Generative Artificial Intelligence ETF | 1.12% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AIQ and DRGN have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DRGN has higher volatility (11.95%) compared to AIQ (10.54%). In terms of maximum drawdown, AIQ dropped -44.66% vs DRGN's -20.86%.
On 1-year performance, AIQ leads with 39.46% vs 34.60% for DRGN. On fees, DRGN is cheaper at 0.39% per year. On volatility, AIQ has been the lower-risk option at 10.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AIQ has performed better with a 39.46% return vs 34.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRGN is cheaper with a 0.39% expense ratio, compared with 0.68% for AIQ.
DRGN has the higher dividend yield at 1.12%, compared with 0.08% for AIQ.
AIQ tracks Indxx Artificial Intelligence & Big Data Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: Global X and Themes. Their fees differ too: 0.68% for AIQ and 0.39% for DRGN.
AIQ currently has the higher Sharpe Ratio (1.39 vs 0.95), 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.
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