DRGN vs. TCAI
DRGN (Themes China Generative Artificial Intelligence ETF) and TCAI (Tortoise AI Infrastructure ETF) are both Artificial Intelligence funds. DRGN is passively managed, while TCAI is actively managed. Over the past year, DRGN returned 37.74% vs 92.28% for TCAI. Their 0.46 correlation means their historical movements had little consistent relationship. DRGN charges 0.39%/yr vs 0.65%/yr for TCAI.
Performance
DRGN vs. TCAI - Performance Comparison
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Returns By Period
In the year-to-date period, DRGN achieves a 13.71% return, which is significantly lower than TCAI's 63.96% return.
DRGN
- 1D
- 4.60%
- 1M
- 4.46%
- 6M
- 5.58%
- YTD
- 13.71%
- 1Y
- 37.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 41.66%
TCAI
- 1D
- 2.03%
- 1M
- -2.23%
- 6M
- 40.24%
- YTD
- 63.96%
- 1Y
- 92.28%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $473.92K | $435.90K | $560.91K | |
| $4.31M | $5.33M | $6.70M |
DRGN vs. TCAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 13.71% | 21.13% |
TCAI Tortoise AI Infrastructure ETF | 63.96% | 17.27% |
Correlation
The correlation between DRGN and TCAI is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 5, 2025 | 0.46 |
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Return for Risk
DRGN vs. TCAI — Risk / Return Rank
DRGN
TCAI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DRGN vs. TCAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes China Generative Artificial Intelligence ETF (DRGN) and Tortoise AI Infrastructure ETF (TCAI). 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 | TCAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | — | — |
| Martin ratioReturn relative to average drawdown | 3.61 | — | — |
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Drawdowns
DRGN vs. TCAI - Drawdown Comparison
The maximum DRGN drawdown since its inception was -20.86%, smaller than the maximum TCAI drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for DRGN and TCAI.
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Drawdown Indicators
| DRGN | TCAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -28.82% | +7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -20.86% | -28.82% | +7.96% |
Current DrawdownCurrent decline from peak | -9.32% | -16.49% | +7.17% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -4.81% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.47% | — | — |
Volatility
DRGN vs. TCAI - Volatility Comparison
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Volatility by Period
| DRGN | TCAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.67% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 26.15% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.79% | 41.71% | -4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.16% | 41.71% | -5.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.16% | 41.71% | -5.55% |
DRGN vs. TCAI - Expense Ratio Comparison
DRGN has a 0.39% expense ratio, which is lower than TCAI's 0.65% expense ratio.
Dividends
DRGN vs. TCAI - Dividend Comparison
DRGN's dividend yield for the trailing twelve months is around 1.07%, more than TCAI's 0.03% yield.
| Position | TTM | 2025 |
|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 1.07% | 1.22% |
TCAI Tortoise AI Infrastructure ETF | 0.03% | 0.05% |
Frequently Asked Questions
DRGN and TCAI 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.
On 1-year performance, TCAI leads with 92.28% vs 37.74% for DRGN. 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.
Over the 1-year period, TCAI has performed better with a 92.28% return vs 37.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRGN is cheaper with a 0.39% expense ratio, compared with 0.65% for TCAI.
DRGN has the higher dividend yield at 1.07%, compared with 0.03% for TCAI.
They also come from different issuers: Themes and Tortoise. Their fees differ too: 0.39% for DRGN and 0.65% for TCAI.
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