DRGN vs. UFOX
DRGN (Themes China Generative Artificial Intelligence ETF) and UFOX (Defiance Connective Technologies ETF) are both exchange-traded funds - DRGN is a Artificial Intelligence fund tracking the BITA China Generative AI Select Index, while UFOX is a Technology Equities fund tracking the BlueStar Connective Technologies Index. Both are passively managed. Over the past year, DRGN returned 37.74% vs 56.77% for UFOX. Their 0.47 correlation means their historical movements had little consistent relationship. DRGN charges 0.39%/yr vs 0.30%/yr for UFOX.
Performance
DRGN vs. UFOX - 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 UFOX's 35.83% return.
DRGN
- 1D
- 4.60%
- 1M
- 4.46%
- 6M
- 5.58%
- YTD
- 13.71%
- 1Y
- 37.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 41.66%
UFOX
- 1D
- 5.73%
- 1M
- -2.49%
- 6M
- 30.29%
- YTD
- 35.83%
- 1Y
- 56.77%
- 3Y*
- 39.24%
- 5Y*
- 18.86%
- 10Y*
- —
- ALL TIME*
- 19.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $473.92K | $435.90K | $560.91K | |
| $2.62M | $3.37M | $4.60M |
DRGN vs. UFOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 13.71% | 26.96% |
UFOX Defiance Connective Technologies ETF | 35.83% | 21.67% |
Correlation
The correlation between DRGN and UFOX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.47 |
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Return for Risk
DRGN vs. UFOX — Risk / Return Rank
DRGN
UFOX
DRGN vs. UFOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Themes China Generative Artificial Intelligence ETF (DRGN) and Defiance Connective Technologies ETF (UFOX). 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 | UFOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.99 | -0.17 |
| Martin ratioReturn relative to average drawdown | 3.61 | 7.27 | -3.66 |
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Drawdowns
DRGN vs. UFOX - Drawdown Comparison
The maximum DRGN drawdown since its inception was -20.86%, smaller than the maximum UFOX drawdown of -33.90%. Use the drawdown chart below to compare losses from any high point for DRGN and UFOX.
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Drawdown Indicators
| DRGN | UFOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.86% | -33.90% | +13.04% |
Max Drawdown (1Y)Largest decline over 1 year | -20.86% | -28.71% | +7.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -9.32% | -18.57% | +9.25% |
Average DrawdownAverage peak-to-trough decline | -8.41% | -9.19% | +0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.47% | 7.83% | +2.64% |
Volatility
DRGN vs. UFOX - Volatility Comparison
Themes China Generative Artificial Intelligence ETF (DRGN) and Defiance Connective Technologies ETF (UFOX) have volatilities of 12.67% and 13.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DRGN | UFOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.67% | 13.11% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 26.15% | 26.81% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.79% | 31.53% | +5.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.16% | 25.99% | +10.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.16% | 25.92% | +10.24% |
DRGN vs. UFOX - Expense Ratio Comparison
DRGN has a 0.39% expense ratio, which is higher than UFOX's 0.30% expense ratio.
Dividends
DRGN vs. UFOX - Dividend Comparison
DRGN's dividend yield for the trailing twelve months is around 1.07%, more than UFOX's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 1.07% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UFOX Defiance Connective Technologies ETF | 0.44% | 0.56% | 0.79% | 1.40% | 1.63% | 1.17% | 0.99% | 0.75% |
Frequently Asked Questions
DRGN and UFOX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UFOX has higher volatility (13.11%) compared to DRGN (12.67%). In terms of maximum drawdown, DRGN dropped -20.86% vs UFOX's -33.90%.
On 1-year performance, UFOX leads with 56.77% vs 37.74% for DRGN. On fees, UFOX is cheaper at 0.30% per year. On volatility, DRGN has been the lower-risk option at 12.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UFOX has performed better with a 56.77% return vs 37.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UFOX is cheaper with a 0.30% expense ratio, compared with 0.39% for DRGN.
DRGN has the higher dividend yield at 1.07%, compared with 0.44% for UFOX.
DRGN is categorized as Artificial Intelligence, while UFOX is Technology Equities. DRGN tracks BITA China Generative AI Select Index, while UFOX tracks BlueStar Connective Technologies Index. They also come from different issuers: Themes and Defiance. Their fees differ too: 0.39% for DRGN and 0.30% for UFOX.
UFOX currently has the higher Sharpe Ratio (1.83 vs 1.03), 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.
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