DRGN vs. CNYA
DRGN (Themes China Generative Artificial Intelligence ETF) and CNYA (iShares MSCI China A ETF) are both exchange-traded funds - DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index, while CNYA is a China Equities fund tracking the MSCI China A Inclusion Index. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. DRGN charges 0.39%/yr vs 0.60%/yr for CNYA.
Performance
DRGN vs. CNYA - Performance Comparison
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Returns By Period
In the year-to-date period, DRGN achieves a 17.63% return, which is significantly higher than CNYA's 12.12% return.
DRGN
- 1D
- 0.92%
- 1M
- 2.68%
- YTD
- 17.63%
- 6M
- 19.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNYA
- 1D
- 2.38%
- 1M
- 4.73%
- YTD
- 12.12%
- 6M
- 13.24%
- 1Y
- 41.13%
- 3Y*
- 13.23%
- 5Y*
- 0.25%
- 10Y*
- 6.81%
DRGN vs. CNYA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 17.63% | 26.96% |
CNYA iShares MSCI China A ETF | 12.12% | 19.57% |
Correlation
The correlation between DRGN and CNYA is 0.70, 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 | 0.70 |
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Return for Risk
DRGN vs. CNYA — Risk / Return Rank
DRGN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CNYA
DRGN vs. CNYA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes China Generative Artificial Intelligence ETF (DRGN) and iShares MSCI China A ETF (CNYA). 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 | CNYA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.44 | — |
| Martin ratioReturn relative to average drawdown | — | 14.99 | — |
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Drawdowns
DRGN vs. CNYA - Drawdown Comparison
The maximum DRGN drawdown since its inception was -20.86%, smaller than the maximum CNYA drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for DRGN and CNYA.
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Drawdown Indicators
| DRGN | CNYA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -49.49% | +28.63% |
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 | — | -44.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.49% | — |
Current DrawdownCurrent decline from peak | -6.19% | -11.18% | +4.99% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -20.65% | +12.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.75% | — |
Volatility
DRGN vs. CNYA - Volatility Comparison
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Volatility by Period
| DRGN | CNYA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.00% | 18.11% | +16.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.00% | 23.88% | +11.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.00% | 23.51% | +11.49% |
DRGN vs. CNYA - Expense Ratio Comparison
DRGN has a 0.39% expense ratio, which is lower than CNYA's 0.60% expense ratio.
Dividends
DRGN vs. CNYA - Dividend Comparison
DRGN's dividend yield for the trailing twelve months is around 1.03%, less than CNYA's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 1.68% | 1.92% | 2.51% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% |
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% |
Frequently Asked Questions
DRGN and CNYA have a correlation of 0.70, 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 0.60% for CNYA.
CNYA has the higher dividend yield at 1.68%, compared with 1.03% for DRGN.
DRGN is categorized as Technology Equities, while CNYA is China Equities. DRGN tracks BITA China Generative AI Select Index, while CNYA tracks MSCI China A Inclusion Index. They also come from different issuers: Themes and iShares. Their fees differ too: 0.39% for DRGN and 0.60% for CNYA.
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