ISVBF vs. DRGN

Last updated Jun 4, 2026

ISVBF (iShares MSCI China A UCITS ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - ISVBF is a China Equities fund tracking the MSCI China A Inclusion Index, while DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index. Both are passively managed. At a 0.49 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.39%/yr for DRGN.

Performance

ISVBF vs. DRGN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China A UCITS ETF (ISVBF) and Themes China Generative Artificial Intelligence ETF (DRGN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ISVBF achieves a -6.46% return, which is significantly lower than DRGN's 16.56% return.

ISVBF

• 1D: -2.03%
• 1M: -2.58%
• YTD: -6.46%
• 6M: -7.93%
• 1Y: 7.29%
• 3Y*: 9.94%
• 5Y*: -5.16%
• 10Y*: —

DRGN

• 1D: 0.42%
• 1M: 5.53%
• YTD: 16.56%
• 6M: 18.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ISVBF vs. DRGN - Yearly Performance Comparison

	2026 (YTD)	2025
ISVBF iShares MSCI China A UCITS ETF	-6.46%	8.43%
DRGN Themes China Generative Artificial Intelligence ETF	16.56%	26.41%

Correlation

The correlation between ISVBF and DRGN is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025	0.49

Return for Risk

ISVBF vs. DRGN — Risk / Return Rank

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

ISVBF

ISVBF Risk / Return Rank: 13
ISVBF Sharpe Ratio Rank: 12
ISVBF Sortino Ratio Rank: 13
ISVBF Omega Ratio Rank: 13
ISVBF Calmar Ratio Rank: 13
ISVBF Martin Ratio Rank: 13

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.

ISVBF vs. DRGN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) 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.

	ISVBF	DRGN	Difference
Sharpe ratio: Return per unit of total volatility	0.24	—	—
Sortino ratio: Return per unit of downside risk	0.54	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.38	—	—
Martin ratio: Return relative to average drawdown	0.89	—	—
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

	ISVBF	DRGN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	1.58	-1.73

Drawdowns

ISVBF vs. DRGN - Drawdown Comparison

The maximum ISVBF drawdown since its inception was -53.78%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for ISVBF and DRGN.

Drawdown Indicators

	ISVBF	DRGN	Difference
Max Drawdown Largest peak-to-trough decline	-53.78%	-20.86%	-32.92%
Max Drawdown (1Y) Largest decline over 1 year	-19.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-53.22%	—	—
Current Drawdown Current decline from peak	-24.18%	-7.05%	-17.13%
Average Drawdown Average peak-to-trough decline	-32.76%	-7.93%	-24.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.21%	—	—

Volatility

Volatility by Period

	ISVBF	DRGN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.57%	34.85%	-4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.20%	34.85%	-4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.21%	34.85%	-4.64%

ISVBF vs. DRGN - Expense Ratio Comparison

ISVBF has a 0.40% expense ratio, which is higher than DRGN's 0.39% expense ratio.

Dividends

ISVBF vs. DRGN - Dividend Comparison

ISVBF has not paid dividends to shareholders, while DRGN's dividend yield for the trailing twelve months is around 1.04%.

Position	TTM	2025
DRGN Themes China Generative Artificial Intelligence ETF	1.04%	1.22%
ISVBF iShares MSCI China A UCITS ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ISVBF and DRGN in my portfolio?

ISVBF and DRGN have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISVBF or 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.

Which ETF is cheaper, ISVBF or DRGN?

DRGN is cheaper with a 0.39% expense ratio, compared with 0.40% for ISVBF.

Which ETF pays a higher dividend yield, ISVBF or DRGN?

DRGN has the higher dividend yield at 1.04%, compared with 0.00% for ISVBF.

What is the main difference between ISVBF and DRGN?

ISVBF is categorized as China Equities, while DRGN is Technology Equities. ISVBF tracks MSCI China A Inclusion Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: iShares and Themes. Their fees differ too: 0.40% for ISVBF and 0.39% for DRGN.