ASHX vs. DRGN

Last updated Jun 23, 2026

ASHX (Xtrackers MSCI China A Inclusion Equity ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - ASHX is a China Equities fund tracking the MSCI China A Inclusion Index, while DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index. Both are passively managed. ASHX charges 0.60%/yr vs 0.39%/yr for DRGN.

Performance

ASHX vs. DRGN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI China A Inclusion Equity ETF (ASHX) and Themes China Generative Artificial Intelligence ETF (DRGN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASHX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRGN

• 1D: 0.92%
• 1M: 2.68%
• YTD: 17.63%
• 6M: 19.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASHX vs. DRGN - Yearly Performance Comparison

	2026 (YTD)	2025
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%
DRGN Themes China Generative Artificial Intelligence ETF	17.63%	26.96%

Return for Risk

ASHX vs. DRGN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China A Inclusion Equity ETF (ASHX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	ASHX	DRGN	Difference
Max Drawdown Largest peak-to-trough decline	—	-20.86%	—
Current Drawdown Current decline from peak	—	-6.19%	—
Average Drawdown Average peak-to-trough decline	—	-8.05%	—

Volatility

Volatility by Period

	ASHX	DRGN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	35.00%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	35.00%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	35.00%	—

ASHX vs. DRGN - Expense Ratio Comparison

ASHX has a 0.60% expense ratio, which is higher than DRGN's 0.39% expense ratio.

Dividends

ASHX vs. DRGN - Dividend Comparison

ASHX has not paid dividends to shareholders, while DRGN's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.00%	2.38%	1.76%	0.84%	0.80%	1.78%	1.07%	2.48%	19.46%	2.91%
DRGN Themes China Generative Artificial Intelligence ETF	1.03%	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

Which ETF is better, ASHX or DRGN?

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.

Which ETF is cheaper, ASHX or DRGN?

DRGN is cheaper with a 0.39% expense ratio, compared with 0.60% for ASHX.

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

DRGN has the higher dividend yield at 1.03%, compared with 0.00% for ASHX.

What is the main difference between ASHX and DRGN?

ASHX is categorized as China Equities, while DRGN is Technology Equities. ASHX tracks MSCI China A Inclusion Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: Deutsche Bank and Themes. Their fees differ too: 0.60% for ASHX and 0.39% for DRGN.