BOTT vs. DRGN

Last updated Aug 2, 2026

BOTT (Themes Humanoid Robotics ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - BOTT is a Robotics fund tracking the Solactive Global Humanoid Robotics Index, while DRGN is a Artificial Intelligence fund tracking the BITA China Generative AI Select Index. Both are passively managed. Over the past year, BOTT returned 30.32% vs 34.63% for DRGN. Their 0.49 correlation means their historical movements had little consistent relationship. BOTT charges 0.35%/yr vs 0.39%/yr for DRGN.

Performance

BOTT vs. DRGN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Humanoid Robotics ETF (BOTT) 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, BOTT achieves a -3.52% return, which is significantly lower than DRGN's 8.73% return.

BOTT

• 1D: 2.78%
• 1M: -15.62%
• 6M: -26.88%
• YTD: -3.52%
• 1Y: 30.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 25.04%

DRGN

• 1D: 3.34%
• 1M: -0.11%
• 6M: -2.24%
• YTD: 8.73%
• 1Y: 34.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.21%

*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)
BOTT Themes Humanoid Robotics ETF	$821.19K	$930.14K	$1.58M
DRGN Themes China Generative Artificial Intelligence ETF	$390.32K	$398.54K	$552.05K

BOTT vs. DRGN - Yearly Performance Comparison

	2026 (YTD)	2025
BOTT Themes Humanoid Robotics ETF	-3.52%	38.88%
DRGN Themes China Generative Artificial Intelligence ETF	8.73%	26.96%

Correlation

The correlation between BOTT and DRGN is 0.50, 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.	0.50
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.49

The correlation between BOTT and DRGN has been stable across timeframes, ranging from 0.49 to 0.50 - a consistent structural relationship.

Return for Risk

BOTT vs. DRGN — Risk / Return Rank

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

BOTT

BOTT Risk / Return Rank: 27
BOTT Sharpe Ratio Rank: 28
BOTT Sortino Ratio Rank: 32
BOTT Omega Ratio Rank: 29
BOTT Calmar Ratio Rank: 24
BOTT Martin Ratio Rank: 24

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: 43
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.

BOTT vs. DRGN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Humanoid Robotics ETF (BOTT) 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.

	BOTT	DRGN	Difference
Sharpe ratio: Return per unit of total volatility	0.68	0.88	-0.21
Sortino ratio: Return per unit of downside risk	1.21	1.43	-0.23
Omega ratio: Gain probability vs. loss probability	1.14	1.17	-0.03
Calmar ratio: Return relative to maximum drawdown	0.73	1.55	-0.82
Martin ratio: Return relative to average drawdown	1.79	3.10	-1.31

BOTT vs. DRGN - Sharpe Ratio Comparison

The current BOTT Sharpe Ratio is 0.68, which is comparable to the DRGN Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of BOTT 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

BOTT vs. DRGN - Drawdown Comparison

The maximum BOTT drawdown since its inception was -38.54%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for BOTT and DRGN.

Drawdown Indicators

	BOTT	DRGN	Difference
Max Drawdown Largest peak-to-trough decline	-38.54%	-20.86%	-17.68%
Max Drawdown (1Y) Largest decline over 1 year	-38.54%	-20.86%	-17.68%
Current Drawdown Current decline from peak	-35.43%	-13.29%	-22.14%
Average Drawdown Average peak-to-trough decline	-8.13%	-8.39%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.74%	10.42%	+5.32%

Volatility

BOTT vs. DRGN - Volatility Comparison

Themes Humanoid Robotics ETF (BOTT) has a higher volatility of 14.47% compared to Themes China Generative Artificial Intelligence ETF (DRGN) at 12.89%. This indicates that BOTT'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

	BOTT	DRGN	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.47%	12.89%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	30.87%	25.82%	+5.05%
Volatility (1Y) Calculated over the trailing 1-year period	41.62%	36.63%	+4.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.71%	36.03%	-1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.71%	36.03%	-1.32%

BOTT vs. DRGN - Expense Ratio Comparison

BOTT has a 0.35% expense ratio, which is lower than DRGN's 0.39% expense ratio.

Dividends

BOTT vs. DRGN - Dividend Comparison

BOTT's dividend yield for the trailing twelve months is around 0.14%, less than DRGN's 1.12% yield.

Position	TTM	2025	2024
BOTT Themes Humanoid Robotics ETF	0.14%	0.14%	1.74%
DRGN Themes China Generative Artificial Intelligence ETF	1.12%	1.22%	0.00%

Frequently Asked Questions

Can I hold both BOTT and DRGN in my portfolio?

BOTT and DRGN have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOTT or DRGN?

BOTT has higher volatility (14.47%) compared to DRGN (12.89%). In terms of maximum drawdown, BOTT dropped -38.54% vs DRGN's -20.86%.

Which ETF is better, BOTT or DRGN?

On 1-year performance, DRGN leads with 34.63% vs 30.32% for BOTT. On fees, BOTT is cheaper at 0.35% per year. On volatility, DRGN has been the lower-risk option at 12.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BOTT or DRGN?

Over the 1-year period, DRGN has performed better with a 34.63% return vs 30.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BOTT or DRGN?

BOTT is cheaper with a 0.35% expense ratio, compared with 0.39% for DRGN.

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

DRGN has the higher dividend yield at 1.12%, compared with 0.14% for BOTT.

What is the main difference between BOTT and DRGN?

BOTT is categorized as Robotics, while DRGN is Artificial Intelligence. BOTT tracks Solactive Global Humanoid Robotics Index, while DRGN tracks BITA China Generative AI Select Index. Their fees differ too: 0.35% for BOTT and 0.39% for DRGN.

Which has better risk-adjusted returns?

DRGN currently has the higher Sharpe Ratio (0.88 vs 0.68), 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.