KBA vs. DRGN
KBA (KraneShares Bosera MSCI China A Share ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - KBA is a China Equities fund tracking the MSCI China A Index, while DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index. Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. KBA charges 0.60%/yr vs 0.39%/yr for DRGN.
Performance
KBA vs. DRGN - Performance Comparison
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Returns By Period
In the year-to-date period, KBA achieves a 10.36% return, which is significantly lower than DRGN's 12.74% return.
KBA
- 1D
- -3.67%
- 1M
- 2.74%
- YTD
- 10.36%
- 6M
- 10.50%
- 1Y
- 45.45%
- 3Y*
- 16.25%
- 5Y*
- 6.66%
- 10Y*
- 10.40%
DRGN
- 1D
- -4.16%
- 1M
- -1.59%
- YTD
- 12.74%
- 6M
- 14.79%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KBA vs. DRGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | 10.36% | 26.28% |
DRGN Themes China Generative Artificial Intelligence ETF | 12.74% | 26.96% |
Correlation
The correlation between KBA and DRGN is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.68 |
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Return for Risk
KBA vs. DRGN — Risk / Return Rank
KBA
DRGN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KBA vs. DRGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Bosera MSCI China A Share ETF (KBA) 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.
| KBA | DRGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.97 | — | — |
| Martin ratioReturn relative to average drawdown | 15.15 | — | — |
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Drawdowns
KBA vs. DRGN - Drawdown Comparison
The maximum KBA drawdown since its inception was -53.24%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for KBA and DRGN.
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Drawdown Indicators
| KBA | DRGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.24% | -20.86% | -32.38% |
Max Drawdown (1Y)Largest decline over 1 year | -7.65% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -31.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.32% | — | — |
Current DrawdownCurrent decline from peak | -3.67% | -10.09% | +6.42% |
Average DrawdownAverage peak-to-trough decline | -25.71% | -8.05% | -17.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | — | — |
Volatility
KBA vs. DRGN - Volatility Comparison
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Volatility by Period
| KBA | DRGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.00% | 35.21% | -16.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.35% | 35.21% | -7.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 35.21% | -9.82% |
KBA vs. DRGN - Expense Ratio Comparison
KBA has a 0.60% expense ratio, which is higher than DRGN's 0.39% expense ratio.
Dividends
KBA vs. DRGN - Dividend Comparison
KBA's dividend yield for the trailing twelve months is around 1.42%, more than DRGN's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 1.08% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KBA KraneShares Bosera MSCI China A Share ETF | 1.42% | 1.56% | 2.18% | 2.34% | 49.05% | 9.07% | 0.65% | 1.53% | 3.77% | 1.46% | 6.62% | 29.08% |
Frequently Asked Questions
KBA and DRGN have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
DRGN is cheaper with a 0.39% expense ratio, compared with 0.60% for KBA.
KBA has the higher dividend yield at 1.42%, compared with 1.08% for DRGN.
KBA is categorized as China Equities, while DRGN is Technology Equities. KBA tracks MSCI China A Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: CICC and Themes. Their fees differ too: 0.60% for KBA and 0.39% for DRGN.
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