KURE vs. DRGN
KURE (KraneShares MSCI All China Health Care Index ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - KURE is a China Equities fund tracking the MSCI China All Shares Health Care 10/40 Index, while DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index. Both are passively managed. At a 0.41 correlation, their price movements are largely independent. KURE charges 0.65%/yr vs 0.39%/yr for DRGN.
Performance
KURE vs. DRGN - Performance Comparison
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Returns By Period
In the year-to-date period, KURE achieves a -10.68% return, which is significantly lower than DRGN's 16.56% return.
KURE
- 1D
- -2.87%
- 1M
- -12.23%
- YTD
- -10.68%
- 6M
- -15.54%
- 1Y
- -5.05%
- 3Y*
- -6.04%
- 5Y*
- -16.33%
- 10Y*
- —
DRGN
- 1D
- 0.42%
- 1M
- 5.53%
- YTD
- 16.56%
- 6M
- 18.46%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KURE vs. DRGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KURE KraneShares MSCI All China Health Care Index ETF | -10.68% | -1.22% |
DRGN Themes China Generative Artificial Intelligence ETF | 16.56% | 26.41% |
Correlation
The correlation between KURE and DRGN is 0.41, 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 | 0.41 |
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Return for Risk
KURE vs. DRGN — Risk / Return Rank
KURE
DRGN
KURE vs. DRGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares MSCI All China Health Care Index ETF (KURE) 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.
| KURE | DRGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.99 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | — | — |
| Martin ratioReturn relative to average drawdown | -0.39 | — | — |
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
| KURE | DRGN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.11 | 1.58 | -1.69 |
Drawdowns
KURE vs. DRGN - Drawdown Comparison
The maximum KURE drawdown since its inception was -68.53%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for KURE and DRGN.
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Drawdown Indicators
| KURE | DRGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.53% | -20.86% | -47.67% |
Max Drawdown (1Y)Largest decline over 1 year | -27.53% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -67.94% | — | — |
Current DrawdownCurrent decline from peak | -61.11% | -7.05% | -54.06% |
Average DrawdownAverage peak-to-trough decline | -38.07% | -7.93% | -30.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.13% | — | — |
Volatility
KURE vs. DRGN - Volatility Comparison
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Volatility by Period
| KURE | DRGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.67% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.49% | 34.85% | -8.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.86% | 34.85% | -2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.39% | 34.85% | -2.46% |
KURE vs. DRGN - Expense Ratio Comparison
KURE has a 0.65% expense ratio, which is higher than DRGN's 0.39% expense ratio.
Dividends
KURE vs. DRGN - Dividend Comparison
KURE's dividend yield for the trailing twelve months is around 4.70%, more than DRGN's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 1.04% | 1.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KURE KraneShares MSCI All China Health Care Index ETF | 4.70% | 4.19% | 1.29% | 0.65% | 0.05% | 14.12% | 0.00% | 0.25% | 0.21% |
Frequently Asked Questions
KURE and DRGN have a correlation of 0.41, 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 0.65% for KURE.
KURE has the higher dividend yield at 4.70%, compared with 1.04% for DRGN.
KURE is categorized as China Equities, while DRGN is Technology Equities. KURE tracks MSCI China All Shares Health Care 10/40 Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: CICC and Themes. Their fees differ too: 0.65% for KURE and 0.39% for DRGN.
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