CN vs. DRGN

Last updated Jul 14, 2026

CN (Xtrackers MSCI All China Equity ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both China Equities funds - CN tracks the MSCI China All Shares while DRGN tracks the BITA China Generative AI Select Index. Both are passively managed. CN charges 0.50%/yr vs 0.39%/yr for DRGN.

Performance

CN vs. DRGN - Performance Comparison

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

Returns By Period

CN

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

DRGN

• 1D: -0.43%
• 1M: 9.39%
• 6M: 7.66%
• YTD: 18.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CN vs. DRGN - Yearly Performance Comparison

	2026 (YTD)	2025
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%
DRGN Themes China Generative Artificial Intelligence ETF	18.02%	26.96%

Return for Risk

CN vs. DRGN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All China Equity ETF (CN) 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

	CN	DRGN	Difference
Max Drawdown Largest peak-to-trough decline	—	-20.86%	—
Current Drawdown Current decline from peak	—	-5.88%	—
Average Drawdown Average peak-to-trough decline	—	-8.15%	—

Volatility

Volatility by Period

	CN	DRGN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	35.67%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	35.67%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	35.67%	—

CN vs. DRGN - Expense Ratio Comparison

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

Dividends

CN vs. DRGN - Dividend Comparison

CN 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
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%
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, CN 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, CN or DRGN?

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

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

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

What is the main difference between CN and DRGN?

CN tracks MSCI China All Shares, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: Deutsche Bank and Themes. Their fees differ too: 0.50% for CN and 0.39% for DRGN.