DRGN vs. EWT
DRGN (Themes China Generative Artificial Intelligence ETF) and EWT (iShares MSCI Taiwan ETF) are both exchange-traded funds - DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index, while EWT is a Asia Pacific Equities fund tracking the MSCI Taiwan 25/50 Index. Both are passively managed. At a 0.41 correlation, their price movements are largely independent. DRGN charges 0.39%/yr vs 0.59%/yr for EWT.
Performance
DRGN vs. EWT - Performance Comparison
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Returns By Period
In the year-to-date period, DRGN achieves a 17.63% return, which is significantly lower than EWT's 75.55% return.
DRGN
- 1D
- 0.92%
- 1M
- 2.68%
- YTD
- 17.63%
- 6M
- 19.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EWT
- 1D
- 1.40%
- 1M
- 15.17%
- YTD
- 75.55%
- 6M
- 79.95%
- 1Y
- 112.72%
- 3Y*
- 40.33%
- 5Y*
- 19.78%
- 10Y*
- 20.65%
DRGN vs. EWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 17.63% | 26.96% |
EWT iShares MSCI Taiwan ETF | 75.55% | 14.94% |
Correlation
The correlation between DRGN and EWT is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.41 |
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Return for Risk
DRGN vs. EWT — Risk / Return Rank
DRGN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EWT
DRGN vs. EWT - 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 Taiwan ETF (EWT). 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 | EWT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.66 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 10.78 | — |
| Martin ratioReturn relative to average drawdown | — | 31.81 | — |
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Drawdowns
DRGN vs. EWT - Drawdown Comparison
The maximum DRGN drawdown since its inception was -20.86%, smaller than the maximum EWT drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for DRGN and EWT.
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Drawdown Indicators
| DRGN | EWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -64.37% | +43.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.51% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.88% | — |
Current DrawdownCurrent decline from peak | -6.19% | 0.00% | -6.19% |
Average DrawdownAverage peak-to-trough decline | -8.05% | -19.20% | +11.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.56% | — |
Volatility
DRGN vs. EWT - Volatility Comparison
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Volatility by Period
| DRGN | EWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 23.07% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.00% | 27.26% | +7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.00% | 23.14% | +11.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.00% | 21.86% | +13.14% |
DRGN vs. EWT - Expense Ratio Comparison
DRGN has a 0.39% expense ratio, which is lower than EWT's 0.59% expense ratio.
Dividends
DRGN vs. EWT - Dividend Comparison
DRGN's dividend yield for the trailing twelve months is around 1.03%, less than EWT's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
EWT iShares MSCI Taiwan ETF | 2.53% | 4.43% | 3.32% | 8.12% | 18.82% | 0.55% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% |
Frequently Asked Questions
DRGN and EWT have a correlation of 0.41, 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 0.59% for EWT.
EWT has the higher dividend yield at 2.53%, compared with 1.03% for DRGN.
DRGN is categorized as Technology Equities, while EWT is Asia Pacific Equities. DRGN tracks BITA China Generative AI Select Index, while EWT tracks MSCI Taiwan 25/50 Index. They also come from different issuers: Themes and iShares. Their fees differ too: 0.39% for DRGN and 0.59% for EWT.
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