DRGN vs. GINN

Last updated Jul 14, 2026

DRGN (Themes China Generative Artificial Intelligence ETF) and GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) are both exchange-traded funds - DRGN is a China Equities fund tracking the BITA China Generative AI Select Index, while GINN is a Technology Equities fund tracking the Solactive Innovative Global Equity Index. Both are passively managed. At a 0.46 correlation, their price movements are largely independent. DRGN charges 0.39%/yr vs 0.50%/yr for GINN.

Performance

DRGN vs. GINN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes China Generative Artificial Intelligence ETF (DRGN) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRGN achieves a 13.24% return, which is significantly higher than GINN's 7.78% return.

DRGN

• 1D: -4.05%
• 1M: 4.96%
• 6M: -2.23%
• YTD: 13.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GINN

• 1D: -0.83%
• 1M: 1.56%
• 6M: 3.58%
• YTD: 7.78%
• 1Y: 18.27%
• 3Y*: 17.14%
• 5Y*: 6.15%
• 10Y*: —

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

DRGN vs. GINN - Yearly Performance Comparison

	2026 (YTD)	2025
DRGN Themes China Generative Artificial Intelligence ETF	13.24%	26.96%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	7.78%	9.22%

Correlation

The correlation between DRGN and GINN is 0.46, 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	0.46

Return for Risk

DRGN vs. GINN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRGN

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

GINN

GINN Risk / Return Rank: 37
GINN Sharpe Ratio Rank: 38
GINN Sortino Ratio Rank: 37
GINN Omega Ratio Rank: 36
GINN Calmar Ratio Rank: 34
GINN Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRGN vs. GINN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes China Generative Artificial Intelligence ETF (DRGN) and Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN). 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	GINN	Difference
Sharpe ratio: Return per unit of total volatility	—	1.11	—
Sortino ratio: Return per unit of downside risk	—	1.60	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.39	—
Martin ratio: Return relative to average drawdown	—	4.81	—

Drawdowns

DRGN vs. GINN - Drawdown Comparison

The maximum DRGN drawdown since its inception was -20.86%, smaller than the maximum GINN drawdown of -41.25%. Use the drawdown chart below to compare losses from any high point for DRGN and GINN.

Drawdown Indicators

	DRGN	GINN	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-41.25%	+20.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.25%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-41.25%	—
Current Drawdown Current decline from peak	-9.69%	-2.41%	-7.28%
Average Drawdown Average peak-to-trough decline	-8.16%	-13.18%	+5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.81%	—

Volatility

Volatility by Period

	DRGN	GINN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.86%	16.52%	+19.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.86%	21.45%	+14.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.86%	21.01%	+14.85%

DRGN vs. GINN - Expense Ratio Comparison

DRGN has a 0.39% expense ratio, which is lower than GINN's 0.50% expense ratio.

Dividends

DRGN vs. GINN - Dividend Comparison

DRGN's dividend yield for the trailing twelve months is around 1.07%, less than GINN's 1.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
DRGN Themes China Generative Artificial Intelligence ETF	1.07%	1.22%	0.00%	0.00%	0.00%	0.00%	0.00%
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF	1.17%	1.26%	1.26%	1.01%	0.69%	0.67%	0.07%

Frequently Asked Questions

Can I hold both DRGN and GINN in my portfolio?

DRGN and GINN have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRGN or GINN?

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, DRGN or GINN?

DRGN is cheaper with a 0.39% expense ratio, compared with 0.50% for GINN.

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

GINN has the higher dividend yield at 1.17%, compared with 1.07% for DRGN.

What is the main difference between DRGN and GINN?

DRGN is categorized as China Equities, while GINN is Technology Equities. DRGN tracks BITA China Generative AI Select Index, while GINN tracks Solactive Innovative Global Equity Index. They also come from different issuers: Themes and Goldman Sachs. Their fees differ too: 0.39% for DRGN and 0.50% for GINN.