DRGN vs. GXPT

Last updated Jun 25, 2026

DRGN (Themes China Generative Artificial Intelligence ETF) and GXPT (Global X PureCap MSCI Information Technology ETF) are both Technology Equities funds - DRGN tracks the BITA China Generative AI Select Index while GXPT tracks the MSCI USA Information Technology PureCap Index. Both are passively managed. At a 0.40 correlation, their price movements are largely independent. DRGN charges 0.39%/yr vs 0.15%/yr for GXPT.

Performance

DRGN vs. GXPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes China Generative Artificial Intelligence ETF (DRGN) and Global X PureCap MSCI Information Technology ETF (GXPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRGN achieves a 11.80% return, which is significantly lower than GXPT's 16.02% return.

DRGN

• 1D: -0.83%
• 1M: -2.41%
• YTD: 11.80%
• 6M: 13.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GXPT

• 1D: -0.72%
• 1M: -1.67%
• YTD: 16.02%
• 6M: 14.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRGN vs. GXPT - Yearly Performance Comparison

	2026 (YTD)	2025
DRGN Themes China Generative Artificial Intelligence ETF	11.80%	26.73%
GXPT Global X PureCap MSCI Information Technology ETF	16.02%	11.47%

Correlation

The correlation between DRGN and GXPT is 0.40, 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 23, 2025	0.40

Return for Risk

DRGN vs. GXPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes China Generative Artificial Intelligence ETF (DRGN) and Global X PureCap MSCI Information Technology ETF (GXPT). 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.

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

Drawdowns

DRGN vs. GXPT - Drawdown Comparison

The maximum DRGN drawdown since its inception was -20.86%, which is greater than GXPT's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for DRGN and GXPT.

Drawdown Indicators

	DRGN	GXPT	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-18.74%	-2.12%
Current Drawdown Current decline from peak	-10.84%	-9.37%	-1.47%
Average Drawdown Average peak-to-trough decline	-8.07%	-5.06%	-3.01%

Volatility

Volatility by Period

	DRGN	GXPT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	35.15%	22.88%	+12.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.15%	22.88%	+12.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.15%	22.88%	+12.27%

DRGN vs. GXPT - Expense Ratio Comparison

DRGN has a 0.39% expense ratio, which is higher than GXPT's 0.15% expense ratio.

Dividends

DRGN vs. GXPT - Dividend Comparison

DRGN's dividend yield for the trailing twelve months is around 1.09%, more than GXPT's 0.12% yield.

Position	TTM	2025
DRGN Themes China Generative Artificial Intelligence ETF	1.09%	1.22%
GXPT Global X PureCap MSCI Information Technology ETF	0.12%	0.14%

Frequently Asked Questions

Can I hold both DRGN and GXPT in my portfolio?

DRGN and GXPT have a correlation of 0.40, 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 GXPT?

On fees, GXPT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRGN or GXPT?

GXPT is cheaper with a 0.15% expense ratio, compared with 0.39% for DRGN.

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

DRGN has the higher dividend yield at 1.09%, compared with 0.12% for GXPT.

What is the main difference between DRGN and GXPT?

DRGN tracks BITA China Generative AI Select Index, while GXPT tracks MSCI USA Information Technology PureCap Index. They also come from different issuers: Themes and Global X. Their fees differ too: 0.39% for DRGN and 0.15% for GXPT.