FXI vs. DRAG

Last updated Jun 4, 2026

FXI (iShares China Large-Cap ETF) and DRAG (Roundhill China Dragons ETF) are both China Equities funds. FXI is passively managed, while DRAG is actively managed. FXI charges 0.74%/yr vs 0.59%/yr for DRAG.

Performance

FXI vs. DRAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares China Large-Cap ETF (FXI) and Roundhill China Dragons ETF (DRAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FXI

• 1D: -2.26%
• 1M: -2.76%
• YTD: -7.18%
• 6M: -8.38%
• 1Y: 2.05%
• 3Y*: 11.73%
• 5Y*: -3.18%
• 10Y*: 2.96%

DRAG

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FXI vs. DRAG - Yearly Performance Comparison

	2026 (YTD)
FXI iShares China Large-Cap ETF	-9.38%
DRAG Roundhill China Dragons ETF	0.00%

FXI vs. DRAG - Sectors Allocation Comparison

Sectors	FXI	DRAG
Financial Services	34.4%	-
Consumer Cyclical	25.7%	72.4%
Communication Services	12.2%	17.3%
Technology	9.3%	10.2%
Energy	5.2%	-
Basic Materials	4.1%	-
Industrials	3.8%	-
Healthcare	2.2%	-
Real Estate	1.1%	-
Consumer Defensive	0.9%	-
Utilities	0.4%	-

Return for Risk

FXI vs. DRAG — Risk / Return Rank

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

FXI

FXI Risk / Return Rank: 10
FXI Sharpe Ratio Rank: 10
FXI Sortino Ratio Rank: 10
FXI Omega Ratio Rank: 9
FXI Calmar Ratio Rank: 10
FXI Martin Ratio Rank: 10

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.

FXI vs. DRAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares China Large-Cap ETF (FXI) and Roundhill China Dragons ETF (DRAG). 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.

	FXI	DRAG	Difference
Sharpe ratio Return per unit of total volatility	0.10	—	—
Sortino ratio Return per unit of downside risk	0.29	—	—
Omega ratio Gain probability vs. loss probability	1.03	—	—
Calmar ratio Return relative to maximum drawdown	0.13	—	—
Martin ratio Return relative to average drawdown	0.28	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FXI	DRAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.11	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	—	—

Drawdowns

FXI vs. DRAG - Drawdown Comparison

The maximum FXI drawdown since its inception was -72.68%, which is greater than DRAG's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FXI and DRAG.

Drawdown Indicators

	FXI	DRAG	Difference
Max Drawdown Largest peak-to-trough decline	-72.68%	0.00%	-72.68%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.72%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-54.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.81%	—	—
Current Drawdown Current decline from peak	-26.91%	0.00%	-26.91%
Average Drawdown Average peak-to-trough decline	-31.22%	0.00%	-31.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.22%	—	—

Volatility

Volatility by Period

	FXI	DRAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.93%	0.00%	+19.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.68%	0.00%	+31.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.67%	0.00%	+27.67%

FXI vs. DRAG - Expense Ratio Comparison

FXI has a 0.74% expense ratio, which is higher than DRAG's 0.59% expense ratio.

Dividends

FXI vs. DRAG - Dividend Comparison

FXI's dividend yield for the trailing twelve months is around 2.60%, while DRAG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRAG Roundhill China Dragons ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FXI iShares China Large-Cap ETF	2.60%	2.42%	1.76%	3.17%	2.61%	1.60%	2.19%	2.74%	2.69%	2.31%	2.69%	2.90%

Frequently Asked Questions

Which ETF is better, FXI or DRAG?

On fees, DRAG is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FXI or DRAG?

DRAG is cheaper with a 0.59% expense ratio, compared with 0.74% for FXI.

Which ETF pays a higher dividend yield, FXI or DRAG?

FXI has the higher dividend yield at 2.60%, compared with 0.00% for DRAG.

What is the main difference between FXI and DRAG?

They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.74% for FXI and 0.59% for DRAG.