DRAG vs. DRGN

Last updated Jun 5, 2026

DRAG (Roundhill China Dragons ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - DRAG is a China Equities fund actively managed by Roundhill, while DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index. DRAG is actively managed, while DRGN is passively managed. DRAG charges 0.59%/yr vs 0.39%/yr for DRGN.

Performance

DRAG vs. DRGN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill China Dragons ETF (DRAG) and Themes China Generative Artificial Intelligence ETF (DRGN). 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*: —

DRGN

• 1D: -1.00%
• 1M: 4.18%
• YTD: 15.39%
• 6M: 15.70%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRAG vs. DRGN - Yearly Performance Comparison

	2026 (YTD)
DRAG Roundhill China Dragons ETF	0.00%
DRGN Themes China Generative Artificial Intelligence ETF	10.74%

Return for Risk

DRAG vs. DRGN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill China Dragons ETF (DRAG) 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.

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

Sharpe Ratios by Period

	DRAG	DRGN	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.52	—

Drawdowns

DRAG vs. DRGN - Drawdown Comparison

The maximum DRAG drawdown since its inception was 0.00%, smaller than the maximum DRGN drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for DRAG and DRGN.

Drawdown Indicators

	DRAG	DRGN	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-20.86%	+20.86%
Current Drawdown Current decline from peak	0.00%	-7.97%	+7.97%
Average Drawdown Average peak-to-trough decline	0.00%	-7.93%	+7.93%

Volatility

Volatility by Period

	DRAG	DRGN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	34.79%	-34.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	34.79%	-34.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	34.79%	-34.79%

DRAG vs. DRGN - Expense Ratio Comparison

DRAG has a 0.59% expense ratio, which is higher than DRGN's 0.39% expense ratio.

Dividends

DRAG vs. DRGN - Dividend Comparison

DRAG has not paid dividends to shareholders, while DRGN's dividend yield for the trailing twelve months is around 1.05%.

Position	TTM	2025
DRAG Roundhill China Dragons ETF	0.00%	0.00%
DRGN Themes China Generative Artificial Intelligence ETF	1.05%	1.22%

Frequently Asked Questions

Which ETF is better, DRAG 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, DRAG or DRGN?

DRGN is cheaper with a 0.39% expense ratio, compared with 0.59% for DRAG.

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

DRGN has the higher dividend yield at 1.05%, compared with 0.00% for DRAG.

What is the main difference between DRAG and DRGN?

DRAG is categorized as China Equities, while DRGN is Technology Equities. They also come from different issuers: Roundhill and Themes. Their fees differ too: 0.59% for DRAG and 0.39% for DRGN.