DRGN vs. CXSE
DRGN (Themes China Generative Artificial Intelligence ETF) and CXSE (WisdomTree China ex-State-Owned Enterprises Fund) are both exchange-traded funds - DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index, while CXSE is a China Equities fund tracking the WisdomTree China ex-State-Owned Enterprises Index. Both are passively managed. A 0.77 correlation means they provide meaningful diversification when combined. DRGN charges 0.39%/yr vs 0.32%/yr for CXSE.
Performance
DRGN vs. CXSE - Performance Comparison
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Returns By Period
In the year-to-date period, DRGN achieves a 11.80% return, which is significantly higher than CXSE's -4.16% return.
DRGN
- 1D
- -0.83%
- 1M
- -2.41%
- YTD
- 11.80%
- 6M
- 13.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CXSE
- 1D
- -0.29%
- 1M
- -3.14%
- YTD
- -4.16%
- 6M
- -5.53%
- 1Y
- 12.86%
- 3Y*
- 10.02%
- 5Y*
- -9.30%
- 10Y*
- 7.01%
DRGN vs. CXSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 11.80% | 26.96% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | -4.16% | 15.40% |
Correlation
The correlation between DRGN and CXSE is 0.77, 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 | 0.77 |
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Return for Risk
DRGN vs. CXSE — Risk / Return Rank
DRGN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CXSE
DRGN vs. CXSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes China Generative Artificial Intelligence ETF (DRGN) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE). 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 | CXSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.12 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.73 | — |
| Martin ratioReturn relative to average drawdown | — | 1.44 | — |
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Drawdowns
DRGN vs. CXSE - Drawdown Comparison
The maximum DRGN drawdown since its inception was -20.86%, smaller than the maximum CXSE drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for DRGN and CXSE.
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Drawdown Indicators
| DRGN | CXSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -70.01% | +49.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -64.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.01% | — |
Current DrawdownCurrent decline from peak | -10.84% | -48.73% | +37.89% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -27.90% | +19.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.96% | — |
Volatility
DRGN vs. CXSE - Volatility Comparison
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Volatility by Period
| DRGN | CXSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.15% | 21.86% | +13.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.15% | 32.37% | +2.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.15% | 28.73% | +6.42% |
DRGN vs. CXSE - Expense Ratio Comparison
DRGN has a 0.39% expense ratio, which is higher than CXSE's 0.32% expense ratio.
Dividends
DRGN vs. CXSE - Dividend Comparison
DRGN's dividend yield for the trailing twelve months is around 1.09%, less than CXSE's 2.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 2.09% | 1.95% | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 2.50% |
DRGN Themes China Generative Artificial Intelligence ETF | 1.09% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DRGN and CXSE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CXSE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CXSE is cheaper with a 0.32% expense ratio, compared with 0.39% for DRGN.
CXSE has the higher dividend yield at 2.09%, compared with 1.09% for DRGN.
DRGN is categorized as Technology Equities, while CXSE is China Equities. DRGN tracks BITA China Generative AI Select Index, while CXSE tracks WisdomTree China ex-State-Owned Enterprises Index. They also come from different issuers: Themes and WisdomTree. Their fees differ too: 0.39% for DRGN and 0.32% for CXSE.
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