CHPX vs. DRGN

Last updated Aug 2, 2026

CHPX (Global X AI Semiconductor & Quantum ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both Artificial Intelligence funds - CHPX tracks the Global X AI Semiconductor & Quantum Index while DRGN tracks the BITA China Generative AI Select Index. Both are passively managed. Their 0.57 correlation means they have sometimes moved together and sometimes differently. CHPX charges 0.50%/yr vs 0.39%/yr for DRGN.

Performance

CHPX vs. DRGN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X AI Semiconductor & Quantum ETF (CHPX) 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, CHPX achieves a 60.49% return, which is significantly higher than DRGN's 8.73% return.

CHPX

• 1D: 0.65%
• 1M: -8.69%
• 6M: 45.81%
• YTD: 60.49%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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)
CHPX Global X AI Semiconductor & Quantum ETF	$4.80M	$5.31M	$11.57M
DRGN Themes China Generative Artificial Intelligence ETF	$390.32K	$398.54K	$552.05K

CHPX vs. DRGN - Yearly Performance Comparison

	2026 (YTD)	2025
CHPX Global X AI Semiconductor & Quantum ETF	60.49%	6.91%
DRGN Themes China Generative Artificial Intelligence ETF	8.73%	-12.49%

Correlation

The correlation between CHPX and DRGN is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.57

Return for Risk

CHPX vs. DRGN — Risk / Return Rank

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

CHPX

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

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.

CHPX vs. DRGN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X AI Semiconductor & Quantum ETF (CHPX) 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.

	CHPX	DRGN	Difference
Sharpe ratio: Return per unit of total volatility	—	0.88	—
Sortino ratio: Return per unit of downside risk	—	1.43	—
Omega ratio: Gain probability vs. loss probability	—	1.17	—
Calmar ratio: Return relative to maximum drawdown	—	1.55	—
Martin ratio: Return relative to average drawdown	—	3.10	—

Drawdowns

CHPX vs. DRGN - Drawdown Comparison

The maximum CHPX drawdown since its inception was -27.10%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for CHPX and DRGN.

Drawdown Indicators

	CHPX	DRGN	Difference
Max Drawdown Largest peak-to-trough decline	-27.10%	-20.86%	-6.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.86%	—
Current Drawdown Current decline from peak	-20.92%	-13.29%	-7.63%
Average Drawdown Average peak-to-trough decline	-5.30%	-8.39%	+3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.42%	—

Volatility

Volatility by Period

	CHPX	DRGN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.96%	36.63%	+8.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.96%	36.03%	+8.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.96%	36.03%	+8.93%

CHPX vs. DRGN - Expense Ratio Comparison

CHPX has a 0.50% expense ratio, which is higher than DRGN's 0.39% expense ratio.

Dividends

CHPX vs. DRGN - Dividend Comparison

CHPX's dividend yield for the trailing twelve months is around 0.04%, less than DRGN's 1.12% yield.

Position	TTM	2025
CHPX Global X AI Semiconductor & Quantum ETF	0.04%	0.06%
DRGN Themes China Generative Artificial Intelligence ETF	1.12%	1.22%

Frequently Asked Questions

Can I hold both CHPX and DRGN in my portfolio?

CHPX and DRGN have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CHPX 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, CHPX or DRGN?

DRGN is cheaper with a 0.39% expense ratio, compared with 0.50% for CHPX.

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

DRGN has the higher dividend yield at 1.12%, compared with 0.04% for CHPX.

What is the main difference between CHPX and DRGN?

CHPX tracks Global X AI Semiconductor & Quantum Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: Global X and Themes. Their fees differ too: 0.50% for CHPX and 0.39% for DRGN.