CAS vs. DRAG

Last updated Jun 4, 2026

CAS (Simplify China A Shares PLUS Income ETF) and DRAG (Roundhill China Dragons ETF) are both China Equities funds. Both are actively managed. CAS charges 0.88%/yr vs 0.59%/yr for DRAG.

Performance

CAS vs. DRAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify China A Shares PLUS Income ETF (CAS) and Roundhill China Dragons ETF (DRAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAS

• 1D: -0.49%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRAG

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CAS vs. DRAG - Yearly Performance Comparison

	2026 (YTD)
CAS Simplify China A Shares PLUS Income ETF	-1.66%
DRAG Roundhill China Dragons ETF	0.00%

CAS vs. DRAG - Sectors Allocation Comparison

Sectors	CAS	DRAG
Financial Services	43.4%	-
Basic Materials	-	-
Communication Services	-	17.3%
Consumer Cyclical	-	72.4%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	10.2%
Utilities	-	-

Return for Risk

CAS vs. DRAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) and Roundhill China Dragons ETF (DRAG). 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.

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

Sharpe Ratios by Period

	CAS	DRAG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-3.61	—	—

Drawdowns

CAS vs. DRAG - Drawdown Comparison

The maximum CAS drawdown since its inception was -2.59%, which is greater than DRAG's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CAS and DRAG.

Drawdown Indicators

	CAS	DRAG	Difference
Max Drawdown Largest peak-to-trough decline	-2.59%	0.00%	-2.59%
Current Drawdown Current decline from peak	-1.66%	0.00%	-1.66%
Average Drawdown Average peak-to-trough decline	-1.72%	0.00%	-1.72%

Volatility

Volatility by Period

	CAS	DRAG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	20.83%	0.00%	+20.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	0.00%	+20.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.83%	0.00%	+20.83%

CAS vs. DRAG - Expense Ratio Comparison

CAS has a 0.88% expense ratio, which is higher than DRAG's 0.59% expense ratio.

Dividends

CAS vs. DRAG - Dividend Comparison

Neither CAS nor DRAG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, CAS or DRAG?

On fees, DRAG is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAS or DRAG?

DRAG is cheaper with a 0.59% expense ratio, compared with 0.88% for CAS.

Which ETF pays a higher dividend yield, CAS or DRAG?

CAS and DRAG have nearly identical dividend yields, around 0.00%.

What is the main difference between CAS and DRAG?

They also come from different issuers: Simplify and Roundhill. Their fees differ too: 0.88% for CAS and 0.59% for DRAG.