DRGN vs. KBA
DRGN (Themes China Generative Artificial Intelligence ETF) and KBA (KraneShares Bosera MSCI China A Share ETF) are both exchange-traded funds - DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index, while KBA is a China Equities fund tracking the MSCI China A Index. Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. DRGN charges 0.39%/yr vs 0.60%/yr for KBA.
Performance
DRGN vs. KBA - 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 KBA's 9.74% return.
DRGN
- 1D
- -0.83%
- 1M
- -2.41%
- YTD
- 11.80%
- 6M
- 13.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KBA
- 1D
- -0.56%
- 1M
- 2.17%
- YTD
- 9.74%
- 6M
- 9.88%
- 1Y
- 42.48%
- 3Y*
- 16.03%
- 5Y*
- 6.27%
- 10Y*
- 10.34%
DRGN vs. KBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 11.80% | 26.96% |
KBA KraneShares Bosera MSCI China A Share ETF | 9.74% | 26.28% |
Correlation
The correlation between DRGN and KBA is 0.68, 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 | 0.68 |
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Return for Risk
DRGN vs. KBA — Risk / Return Rank
DRGN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KBA
DRGN vs. KBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes China Generative Artificial Intelligence ETF (DRGN) and KraneShares Bosera MSCI China A Share ETF (KBA). 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 | KBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.58 | — |
| Martin ratioReturn relative to average drawdown | — | 14.10 | — |
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Drawdowns
DRGN vs. KBA - Drawdown Comparison
The maximum DRGN drawdown since its inception was -20.86%, smaller than the maximum KBA drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for DRGN and KBA.
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Drawdown Indicators
| DRGN | KBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -53.24% | +32.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.65% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.32% | — |
Current DrawdownCurrent decline from peak | -10.84% | -4.21% | -6.63% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -25.70% | +17.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.02% | — |
Volatility
DRGN vs. KBA - Volatility Comparison
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Volatility by Period
| DRGN | KBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.15% | 19.01% | +16.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.15% | 27.34% | +7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.15% | 25.38% | +9.77% |
DRGN vs. KBA - Expense Ratio Comparison
DRGN has a 0.39% expense ratio, which is lower than KBA's 0.60% expense ratio.
Dividends
DRGN vs. KBA - Dividend Comparison
DRGN's dividend yield for the trailing twelve months is around 1.09%, less than KBA's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
KBA KraneShares Bosera MSCI China A Share ETF | 1.42% | 1.56% | 2.18% | 2.34% | 49.05% | 9.07% | 0.65% | 1.53% | 3.77% | 1.46% | 6.62% | 29.08% |
Frequently Asked Questions
DRGN and KBA have a correlation of 0.68, 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 0.60% for KBA.
KBA has the higher dividend yield at 1.42%, compared with 1.09% for DRGN.
DRGN is categorized as Technology Equities, while KBA is China Equities. DRGN tracks BITA China Generative AI Select Index, while KBA tracks MSCI China A Index. They also come from different issuers: Themes and CICC. Their fees differ too: 0.39% for DRGN and 0.60% for KBA.
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