CNYA vs. DRAG

Last updated Jun 4, 2026

CNYA (iShares MSCI China A ETF) and DRAG (Roundhill China Dragons ETF) are both China Equities funds. CNYA is passively managed, while DRAG is actively managed. CNYA charges 0.60%/yr vs 0.59%/yr for DRAG.

Performance

CNYA vs. DRAG - Performance Comparison

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

Returns By Period

CNYA

• 1D: 0.04%
• 1M: 2.34%
• YTD: 9.30%
• 6M: 13.79%
• 1Y: 37.95%
• 3Y*: 11.00%
• 5Y*: -1.06%
• 10Y*: —

DRAG

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

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

CNYA vs. DRAG - Yearly Performance Comparison

	2026 (YTD)
CNYA iShares MSCI China A ETF	6.74%
DRAG Roundhill China Dragons ETF	0.00%

CNYA vs. DRAG - Sectors Allocation Comparison

Sectors	CNYA	DRAG
Technology	30.0%	10.2%
Industrials	18.3%	-
Financial Services	17.0%	-
Basic Materials	10.6%	-
Consumer Defensive	6.7%	-
Consumer Cyclical	5.7%	72.4%
Healthcare	3.8%	-
Energy	3.2%	-
Utilities	3.2%	-
Real Estate	0.7%	-
Communication Services	0.6%	17.3%

Return for Risk

CNYA vs. DRAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNYA

CNYA Risk / Return Rank: 71
CNYA Sharpe Ratio Rank: 65
CNYA Sortino Ratio Rank: 64
CNYA Omega Ratio Rank: 64
CNYA Calmar Ratio Rank: 87
CNYA Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNYA vs. DRAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) 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.

	CNYA	DRAG	Difference
Sharpe ratio Return per unit of total volatility	2.20	—	—
Sortino ratio Return per unit of downside risk	3.02	—	—
Omega ratio Gain probability vs. loss probability	1.40	—	—
Calmar ratio Return relative to maximum drawdown	5.02	—	—
Martin ratio Return relative to average drawdown	14.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CNYA	DRAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.20	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.04	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	—	—

Drawdowns

CNYA vs. DRAG - Drawdown Comparison

The maximum CNYA drawdown since its inception was -49.49%, which is greater than DRAG's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CNYA and DRAG.

Drawdown Indicators

	CNYA	DRAG	Difference
Max Drawdown Largest peak-to-trough decline	-49.49%	0.00%	-49.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.70%	—	—
Current Drawdown Current decline from peak	-13.42%	0.00%	-13.42%
Average Drawdown Average peak-to-trough decline	-20.69%	0.00%	-20.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	—	—

Volatility

Volatility by Period

	CNYA	DRAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.30%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.32%	0.00%	+17.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.81%	0.00%	+23.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.56%	0.00%	+23.56%

CNYA vs. DRAG - Expense Ratio Comparison

CNYA has a 0.60% expense ratio, which is higher than DRAG's 0.59% expense ratio.

Dividends

CNYA vs. DRAG - Dividend Comparison

CNYA's dividend yield for the trailing twelve months is around 1.75%, while DRAG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CNYA iShares MSCI China A ETF	1.75%	1.92%	2.51%	4.23%	2.69%	1.11%	1.06%	1.21%	3.92%	0.97%	1.38%
DRAG Roundhill China Dragons ETF	0.00%	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, CNYA 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, CNYA or DRAG?

DRAG is cheaper with a 0.59% expense ratio, compared with 0.60% for CNYA.

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

CNYA has the higher dividend yield at 1.75%, compared with 0.00% for DRAG.

What is the main difference between CNYA and DRAG?

They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.60% for CNYA and 0.59% for DRAG.