KSTR vs. DRGN
KSTR (KraneShares SSE STAR Market 50 Index ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - KSTR is a China Equities fund tracking the SSE Science and Technology Innovation Board 50 Index, while DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. KSTR charges 0.89%/yr vs 0.39%/yr for DRGN.
Performance
KSTR vs. DRGN - Performance Comparison
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Returns By Period
In the year-to-date period, KSTR achieves a 32.94% return, which is significantly higher than DRGN's 16.56% return.
KSTR
- 1D
- 1.39%
- 1M
- 7.01%
- YTD
- 32.94%
- 6M
- 38.23%
- 1Y
- 83.76%
- 3Y*
- 16.36%
- 5Y*
- -0.21%
- 10Y*
- —
DRGN
- 1D
- 0.42%
- 1M
- 5.53%
- YTD
- 16.56%
- 6M
- 18.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KSTR vs. DRGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KSTR KraneShares SSE STAR Market 50 Index ETF | 32.94% | 35.84% |
DRGN Themes China Generative Artificial Intelligence ETF | 16.56% | 26.41% |
Correlation
The correlation between KSTR and DRGN is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.82 |
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Return for Risk
KSTR vs. DRGN — Risk / Return Rank
KSTR
DRGN
KSTR vs. DRGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) 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.
| KSTR | DRGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.40 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.76 | — | — |
| Martin ratioReturn relative to average drawdown | 12.06 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KSTR | DRGN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 1.58 | -1.58 |
Drawdowns
KSTR vs. DRGN - Drawdown Comparison
The maximum KSTR drawdown since its inception was -66.46%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for KSTR and DRGN.
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Drawdown Indicators
| KSTR | DRGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.46% | -20.86% | -45.60% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -41.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -66.46% | — | — |
Current DrawdownCurrent decline from peak | -10.98% | -7.05% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -38.77% | -7.93% | -30.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.97% | — | — |
Volatility
KSTR vs. DRGN - Volatility Comparison
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Volatility by Period
| KSTR | DRGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.14% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 26.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.48% | 34.85% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.31% | 34.85% | +3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.68% | 34.85% | +2.83% |
KSTR vs. DRGN - Expense Ratio Comparison
KSTR has a 0.89% expense ratio, which is higher than DRGN's 0.39% expense ratio.
Dividends
KSTR vs. DRGN - Dividend Comparison
KSTR 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% |
KSTR KraneShares SSE STAR Market 50 Index ETF | 0.00% | 0.00% |
Frequently Asked Questions
KSTR and DRGN have a correlation of 0.82, 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 0.89% for KSTR.
DRGN has the higher dividend yield at 1.04%, compared with 0.00% for KSTR.
KSTR is categorized as China Equities, while DRGN is Technology Equities. KSTR tracks SSE Science and Technology Innovation Board 50 Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: KraneShares and Themes. Their fees differ too: 0.89% for KSTR and 0.39% for DRGN.
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