DRGN vs. CNXT
DRGN (Themes China Generative Artificial Intelligence ETF) and CNXT (VanEck Vectors ChinaAMC SME-ChiNext ETF) are both exchange-traded funds - DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index, while CNXT is a China Equities fund tracking the SME-ChiNext 100 Index. Both are passively managed. A 0.75 correlation means they provide meaningful diversification when combined. DRGN charges 0.39%/yr vs 0.65%/yr for CNXT.
Performance
DRGN vs. CNXT - Performance Comparison
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Returns By Period
In the year-to-date period, DRGN achieves a 12.74% return, which is significantly lower than CNXT's 36.42% return.
DRGN
- 1D
- -4.16%
- 1M
- -1.59%
- YTD
- 12.74%
- 6M
- 14.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNXT
- 1D
- -4.05%
- 1M
- 7.53%
- YTD
- 36.42%
- 6M
- 34.79%
- 1Y
- 122.39%
- 3Y*
- 28.78%
- 5Y*
- 4.73%
- 10Y*
- 7.44%
DRGN vs. CNXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 12.74% | 26.96% |
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 36.42% | 49.71% |
Correlation
The correlation between DRGN and CNXT is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.75 |
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Return for Risk
DRGN vs. CNXT — Risk / Return Rank
DRGN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CNXT
DRGN vs. CNXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes China Generative Artificial Intelligence ETF (DRGN) 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.
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.
| DRGN | CNXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.56 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 10.08 | — |
| Martin ratioReturn relative to average drawdown | — | 29.76 | — |
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Drawdowns
DRGN vs. CNXT - Drawdown Comparison
The maximum DRGN drawdown since its inception was -20.86%, smaller than the maximum CNXT drawdown of -68.98%. Use the drawdown chart below to compare losses from any high point for DRGN and CNXT.
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Drawdown Indicators
| DRGN | CNXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -68.98% | +48.12% |
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 DrawdownCurrent decline from peak | -10.09% | -4.05% | -6.04% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -42.76% | +34.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.13% | — |
Volatility
DRGN vs. CNXT - Volatility Comparison
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Volatility by Period
| DRGN | CNXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.21% | 32.27% | +2.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.21% | 35.52% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.21% | 31.77% | +3.44% |
DRGN vs. CNXT - Expense Ratio Comparison
DRGN has a 0.39% expense ratio, which is lower than CNXT's 0.65% expense ratio.
Dividends
DRGN vs. CNXT - Dividend Comparison
DRGN's dividend yield for the trailing twelve months is around 1.08%, more than CNXT's 0.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.13% | 0.18% | 0.15% | 0.00% | 0.00% | 9.22% | 0.01% | 0.45% | 0.00% | 0.19% |
DRGN Themes China Generative Artificial Intelligence ETF | 1.08% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRGN and CNXT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
DRGN is cheaper with a 0.39% expense ratio, compared with 0.65% for CNXT.
DRGN has the higher dividend yield at 1.08%, compared with 0.13% for CNXT.
DRGN is categorized as Technology Equities, while CNXT is China Equities. DRGN tracks BITA China Generative AI Select Index, while CNXT tracks SME-ChiNext 100 Index. They also come from different issuers: Themes and VanEck. Their fees differ too: 0.39% for DRGN and 0.65% for CNXT.
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