GINN vs. DRGN
GINN (Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - GINN is a Technology Equities fund tracking the Solactive Innovative Global Equity Index, while DRGN is a Artificial Intelligence fund tracking the BITA China Generative AI Select Index. Both are passively managed. Over the past year, GINN returned 19.29% vs 34.63% for DRGN. Their 0.46 correlation means their historical movements had little consistent relationship. GINN charges 0.50%/yr vs 0.39%/yr for DRGN.
Performance
GINN vs. DRGN - Performance Comparison
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Returns By Period
In the year-to-date period, GINN achieves a 7.67% return, which is significantly lower than DRGN's 8.73% return.
GINN
- 1D
- 0.35%
- 1M
- -0.47%
- 6M
- 5.92%
- YTD
- 7.67%
- 1Y
- 19.29%
- 3Y*
- 16.60%
- 5Y*
- 6.09%
- 10Y*
- —
- ALL TIME*
- 8.69%
DRGN
- 1D
- 3.34%
- 1M
- -0.11%
- 6M
- -2.24%
- YTD
- 8.73%
- 1Y
- 34.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 36.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $390.32K | $398.54K | $552.05K | |
| $126.11K | $121.47K | $212.21K |
GINN vs. DRGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 7.67% | 9.22% |
DRGN Themes China Generative Artificial Intelligence ETF | 8.73% | 26.96% |
Correlation
The correlation between GINN and DRGN 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 | 0.46 |
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Return for Risk
GINN vs. DRGN — Risk / Return Rank
GINN
DRGN
GINN vs. DRGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) and Themes China Generative Artificial Intelligence ETF (DRGN). 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.
| GINN | DRGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.55 | -0.25 |
| Martin ratioReturn relative to average drawdown | 4.43 | 3.10 | +1.34 |
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Drawdowns
GINN vs. DRGN - Drawdown Comparison
The maximum GINN drawdown since its inception was -41.25%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for GINN and DRGN.
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Drawdown Indicators
| GINN | DRGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.25% | -20.86% | -20.39% |
Max Drawdown (1Y)Largest decline over 1 year | -13.18% | -20.86% | +7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -22.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.25% | — | — |
Current DrawdownCurrent decline from peak | -2.51% | -13.29% | +10.78% |
Average DrawdownAverage peak-to-trough decline | -13.09% | -8.39% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 10.42% | -6.55% |
Volatility
GINN vs. DRGN - Volatility Comparison
The current volatility for Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF (GINN) is 3.85%, while Themes China Generative Artificial Intelligence ETF (DRGN) has a volatility of 12.89%. This indicates that GINN experiences smaller price fluctuations and is considered to be less risky than DRGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GINN | DRGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 12.89% | -9.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 25.82% | -12.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.66% | 36.63% | -19.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.43% | 36.03% | -14.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 36.03% | -15.09% |
GINN vs. DRGN - Expense Ratio Comparison
GINN has a 0.50% expense ratio, which is higher than DRGN's 0.39% expense ratio.
Dividends
GINN vs. DRGN - Dividend Comparison
GINN's dividend yield for the trailing twelve months is around 1.17%, more than DRGN's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 1.12% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GINN Goldman Sachs ETF Trust Goldman Sachs Innovate Equity ETF | 1.17% | 1.26% | 1.26% | 1.01% | 0.69% | 0.67% | 0.07% |
Frequently Asked Questions
GINN and DRGN 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.
DRGN has higher volatility (12.89%) compared to GINN (3.85%). In terms of maximum drawdown, GINN dropped -41.25% vs DRGN's -20.86%.
On 1-year performance, DRGN leads with 34.63% vs 19.29% for GINN. On fees, DRGN is cheaper at 0.39% per year. On volatility, GINN has been the lower-risk option at 3.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DRGN has performed better with a 34.63% return vs 19.29%. 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 0.50% for GINN.
GINN has the higher dividend yield at 1.17%, compared with 1.12% for DRGN.
GINN is categorized as Technology Equities, while DRGN is Artificial Intelligence. GINN tracks Solactive Innovative Global Equity Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: Goldman Sachs and Themes. Their fees differ too: 0.50% for GINN and 0.39% for DRGN.
GINN currently has the higher Sharpe Ratio (1.03 vs 0.88), 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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