DRGN vs. IDGT

Last updated Jul 18, 2026

DRGN (Themes China Generative Artificial Intelligence ETF) and IDGT (iShares U.S. Digital Infrastructure and Real Estate ETF) are both exchange-traded funds - DRGN is a China Equities fund tracking the BITA China Generative AI Select Index, while IDGT is a Technology Equities fund tracking the S&P Data Center, Tower REIT and Communications Equipment Index. Both are passively managed. Over the past year, DRGN returned 34.57% vs 37.56% for IDGT. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.39% expense ratio.

Performance

DRGN vs. IDGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes China Generative Artificial Intelligence ETF (DRGN) and iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRGN achieves a 7.02% return, which is significantly lower than IDGT's 33.83% return.

DRGN

• 1D: -5.14%
• 1M: -4.15%
• 6M: -5.94%
• YTD: 7.02%
• 1Y: 34.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDGT

• 1D: 0.37%
• 1M: -7.33%
• 6M: 28.90%
• YTD: 33.83%
• 1Y: 37.56%
• 3Y*: 19.13%
• 5Y*: 10.94%
• 10Y*: 12.78%

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

DRGN vs. IDGT - Yearly Performance Comparison

	2026 (YTD)	2025
DRGN Themes China Generative Artificial Intelligence ETF	7.02%	26.96%
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF	33.83%	4.31%

Correlation

The correlation between DRGN and IDGT is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.38

Return for Risk

DRGN vs. IDGT — Risk / Return Rank

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

DRGN

DRGN Risk / Return Rank: 35
DRGN Sharpe Ratio Rank: 33
DRGN Sortino Ratio Rank: 35
DRGN Omega Ratio Rank: 32
DRGN Calmar Ratio Rank: 42
DRGN Martin Ratio Rank: 31

IDGT

IDGT Risk / Return Rank: 63
IDGT Sharpe Ratio Rank: 66
IDGT Sortino Ratio Rank: 61
IDGT Omega Ratio Rank: 61
IDGT Calmar Ratio Rank: 65
IDGT Martin Ratio Rank: 63

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. IDGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes China Generative Artificial Intelligence ETF (DRGN) and iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT). 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	IDGT	Difference
Sharpe ratio: Return per unit of total volatility	0.96	1.70	-0.74
Sortino ratio: Return per unit of downside risk	1.51	2.30	-0.79
Omega ratio: Gain probability vs. loss probability	1.18	1.29	-0.12
Calmar ratio: Return relative to maximum drawdown	1.66	2.56	-0.90
Martin ratio: Return relative to average drawdown	3.44	8.78	-5.34

DRGN vs. IDGT - Sharpe Ratio Comparison

The current DRGN Sharpe Ratio is 0.96, which is lower than the IDGT Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of DRGN and IDGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRGN vs. IDGT - Drawdown Comparison

The maximum DRGN drawdown since its inception was -20.86%, smaller than the maximum IDGT drawdown of -77.95%. Use the drawdown chart below to compare losses from any high point for DRGN and IDGT.

Drawdown Indicators

	DRGN	IDGT	Difference
Max Drawdown Largest peak-to-trough decline	-20.86%	-77.95%	+57.09%
Max Drawdown (1Y) Largest decline over 1 year	-20.86%	-14.73%	-6.13%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.76%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.88%	—
Current Drawdown Current decline from peak	-14.65%	-14.41%	-0.24%
Average Drawdown Average peak-to-trough decline	-8.19%	-19.86%	+11.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.08%	4.29%	+5.79%

Volatility

DRGN vs. IDGT - Volatility Comparison

Themes China Generative Artificial Intelligence ETF (DRGN) has a higher volatility of 13.65% compared to iShares U.S. Digital Infrastructure and Real Estate ETF (IDGT) at 7.11%. This indicates that DRGN's price experiences larger fluctuations and is considered to be riskier than IDGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRGN	IDGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.65%	7.11%	+6.54%
Volatility (6M) Calculated over the trailing 6-month period	25.62%	18.73%	+6.89%
Volatility (1Y) Calculated over the trailing 1-year period	36.15%	22.16%	+13.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.02%	23.48%	+12.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.02%	23.32%	+12.70%

DRGN vs. IDGT - Expense Ratio Comparison

Both DRGN and IDGT have an expense ratio of 0.39%.

Dividends

DRGN vs. IDGT - Dividend Comparison

DRGN's dividend yield for the trailing twelve months is around 1.14%, more than IDGT's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRGN Themes China Generative Artificial Intelligence ETF	1.14%	1.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDGT iShares U.S. Digital Infrastructure and Real Estate ETF	0.80%	1.17%	1.64%	0.37%	0.30%	0.28%	0.60%	0.42%	0.65%	0.57%	0.75%	0.72%

Frequently Asked Questions

Can I hold both DRGN and IDGT in my portfolio?

DRGN and IDGT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRGN or IDGT?

DRGN has higher volatility (13.65%) compared to IDGT (7.11%). In terms of maximum drawdown, DRGN dropped -20.86% vs IDGT's -77.95%.

Which ETF is better, DRGN or IDGT?

On 1-year performance, IDGT leads with 37.56% vs 34.57% for DRGN. Both ETFs have the same 0.39% expense ratio. On volatility, IDGT has been the lower-risk option at 7.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRGN or IDGT?

Over the 1-year period, IDGT has performed better with a 37.56% return vs 34.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRGN or IDGT?

DRGN and IDGT have the same expense ratio: 0.39% per year.

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

DRGN has the higher dividend yield at 1.14%, compared with 0.80% for IDGT.

What is the main difference between DRGN and IDGT?

DRGN is categorized as China Equities, while IDGT is Technology Equities. DRGN tracks BITA China Generative AI Select Index, while IDGT tracks S&P Data Center, Tower REIT and Communications Equipment Index. They also come from different issuers: Themes and iShares.

Which has better risk-adjusted returns?

IDGT currently has the higher Sharpe Ratio (1.70 vs 0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.