DRAG vs. CNXT

Last updated Jun 5, 2026

DRAG (Roundhill China Dragons ETF) and CNXT (VanEck Vectors ChinaAMC SME-ChiNext ETF) are both China Equities funds. DRAG is actively managed, while CNXT is passively managed. DRAG charges 0.59%/yr vs 0.65%/yr for CNXT.

Performance

DRAG vs. CNXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill China Dragons ETF (DRAG) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRAG

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

CNXT

• 1D: -0.62%
• 1M: 9.11%
• YTD: 32.68%
• 6M: 39.36%
• 1Y: 114.61%
• 3Y*: 26.75%
• 5Y*: 3.96%
• 10Y*: 6.57%

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

DRAG vs. CNXT - Yearly Performance Comparison

	2026 (YTD)
DRAG Roundhill China Dragons ETF	0.00%
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	27.19%

DRAG vs. CNXT - Sectors Allocation Comparison

Sectors	DRAG	CNXT
Consumer Cyclical	72.4%	1.2%
Communication Services	17.3%	2.5%
Technology	10.2%	43.8%
Basic Materials	-	4.1%
Consumer Defensive	-	2.6%
Energy	-	-
Financial Services	-	5.6%
Healthcare	-	7.0%
Industrials	-	33.2%
Real Estate	-	-
Utilities	-	-

Return for Risk

DRAG vs. CNXT — Risk / Return Rank

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

CNXT

CNXT Risk / Return Rank: 93
CNXT Sharpe Ratio Rank: 95
CNXT Sortino Ratio Rank: 92
CNXT Omega Ratio Rank: 89
CNXT Calmar Ratio Rank: 96
CNXT Martin Ratio Rank: 95

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.

DRAG vs. CNXT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill China Dragons ETF (DRAG) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT). 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

	DRAG	CNXT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.75	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.22	—

Drawdowns

DRAG vs. CNXT - Drawdown Comparison

The maximum DRAG drawdown since its inception was 0.00%, smaller than the maximum CNXT drawdown of -68.98%. Use the drawdown chart below to compare losses from any high point for DRAG and CNXT.

Drawdown Indicators

	DRAG	CNXT	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-68.98%	+68.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-61.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.30%	—
Current Drawdown Current decline from peak	0.00%	-2.76%	+2.76%
Average Drawdown Average peak-to-trough decline	0.00%	-42.93%	+42.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.98%	—

Volatility

Volatility by Period

	DRAG	CNXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	30.73%	-30.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	35.26%	-35.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	31.64%	-31.64%

DRAG vs. CNXT - Expense Ratio Comparison

DRAG has a 0.59% expense ratio, which is lower than CNXT's 0.65% expense ratio.

Dividends

DRAG vs. CNXT - Dividend Comparison

DRAG has not paid dividends to shareholders, while CNXT's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	0.14%	0.18%	0.15%	0.00%	0.00%	9.22%	0.01%	0.45%	0.00%	0.19%
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%

Frequently Asked Questions

Which ETF is better, DRAG or CNXT?

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, DRAG or CNXT?

DRAG is cheaper with a 0.59% expense ratio, compared with 0.65% for CNXT.

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

CNXT has the higher dividend yield at 0.14%, compared with 0.00% for DRAG.

What is the main difference between DRAG and CNXT?

They also come from different issuers: Roundhill and VanEck. Their fees differ too: 0.59% for DRAG and 0.65% for CNXT.