ASHR vs. DRGN
ASHR (Xtrackers Harvest CSI 300 China A-Shares ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - ASHR is a China Equities fund tracking the CSI 300 Index, while DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index. Both are passively managed. A 0.69 correlation means they provide meaningful diversification when combined. ASHR charges 0.65%/yr vs 0.39%/yr for DRGN.
Performance
ASHR vs. DRGN - Performance Comparison
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Returns By Period
In the year-to-date period, ASHR achieves a 9.77% return, which is significantly lower than DRGN's 12.74% return.
ASHR
- 1D
- -3.32%
- 1M
- 2.01%
- YTD
- 9.77%
- 6M
- 10.21%
- 1Y
- 37.51%
- 3Y*
- 12.76%
- 5Y*
- -0.54%
- 10Y*
- 5.96%
DRGN
- 1D
- -4.16%
- 1M
- -1.59%
- YTD
- 12.74%
- 6M
- 14.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASHR vs. DRGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF | 9.77% | 18.98% |
DRGN Themes China Generative Artificial Intelligence ETF | 12.74% | 26.96% |
Correlation
The correlation between ASHR and DRGN is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.69 |
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Return for Risk
ASHR vs. DRGN — Risk / Return Rank
ASHR
DRGN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ASHR vs. DRGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) 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.
| ASHR | DRGN | 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 | 4.90 | — | — |
| Martin ratioReturn relative to average drawdown | 14.20 | — | — |
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Drawdowns
ASHR vs. DRGN - Drawdown Comparison
The maximum ASHR drawdown since its inception was -51.30%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for ASHR and DRGN.
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Drawdown Indicators
| ASHR | DRGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.30% | -20.86% | -30.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.69% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -33.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.30% | — | — |
Current DrawdownCurrent decline from peak | -15.89% | -10.09% | -5.80% |
Average DrawdownAverage peak-to-trough decline | -29.13% | -8.05% | -21.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | — | — |
Volatility
ASHR vs. DRGN - Volatility Comparison
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Volatility by Period
| ASHR | DRGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 35.21% | -17.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.01% | 35.21% | -11.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.09% | 35.21% | -11.12% |
ASHR vs. DRGN - Expense Ratio Comparison
ASHR has a 0.65% expense ratio, which is higher than DRGN's 0.39% expense ratio.
Dividends
ASHR vs. DRGN - Dividend Comparison
ASHR's dividend yield for the trailing twelve months is around 2.10%, more than DRGN's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF | 2.10% | 2.31% | 1.13% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% |
DRGN Themes China Generative Artificial Intelligence ETF | 1.08% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASHR and DRGN have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DRGN is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DRGN is cheaper with a 0.39% expense ratio, compared with 0.65% for ASHR.
ASHR has the higher dividend yield at 2.10%, compared with 1.08% for DRGN.
ASHR is categorized as China Equities, while DRGN is Technology Equities. ASHR tracks CSI 300 Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: DWS and Themes. Their fees differ too: 0.65% for ASHR and 0.39% for DRGN.
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