MAGC vs. DRGN

Last updated Jun 4, 2026

MAGC (Roundhill China Magnificent Seven ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both exchange-traded funds - MAGC is a China Equities fund actively managed by Roundhill, while DRGN is a Technology Equities fund tracking the BITA China Generative AI Select Index. MAGC is actively managed, while DRGN is passively managed. A 0.58 correlation means they provide meaningful diversification when combined. MAGC charges 0.59%/yr vs 0.39%/yr for DRGN.

Performance

MAGC vs. DRGN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill China Magnificent Seven ETF (MAGC) 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, MAGC achieves a -18.25% return, which is significantly lower than DRGN's 16.56% return.

MAGC

• 1D: -3.41%
• 1M: -5.47%
• YTD: -18.25%
• 6M: -19.75%
• 1Y: -19.65%
• 3Y*: —
• 5Y*: —
• 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)

MAGC vs. DRGN - Yearly Performance Comparison

	2026 (YTD)	2025
MAGC Roundhill China Magnificent Seven ETF	-18.25%	-2.91%
DRGN Themes China Generative Artificial Intelligence ETF	16.56%	26.41%

Correlation

The correlation between MAGC and DRGN is 0.58, 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 16, 2025	0.58

Return for Risk

MAGC vs. DRGN — Risk / Return Rank

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

MAGC

MAGC Risk / Return Rank: 3
MAGC Sharpe Ratio Rank: 3
MAGC Sortino Ratio Rank: 3
MAGC Omega Ratio Rank: 3
MAGC Calmar Ratio Rank: 4
MAGC Martin Ratio Rank: 3

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.

MAGC vs. DRGN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill China Magnificent Seven ETF (MAGC) 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.

	MAGC	DRGN	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	—	—
Sortino ratio: Return per unit of downside risk	-0.98	—	—
Omega ratio: Gain probability vs. loss probability	0.89	—	—
Calmar ratio: Return relative to maximum drawdown	-0.60	—	—
Martin ratio: Return relative to average drawdown	-1.15	—	—
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

	MAGC	DRGN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	1.58	-1.92

Drawdowns

MAGC vs. DRGN - Drawdown Comparison

The maximum MAGC drawdown since its inception was -32.86%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for MAGC and DRGN.

Drawdown Indicators

	MAGC	DRGN	Difference
Max Drawdown Largest peak-to-trough decline	-32.86%	-20.86%	-12.00%
Max Drawdown (1Y) Largest decline over 1 year	-32.86%	—	—
Current Drawdown Current decline from peak	-31.30%	-7.05%	-24.25%
Average Drawdown Average peak-to-trough decline	-15.16%	-7.93%	-7.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.09%	—	—

Volatility

Volatility by Period

	MAGC	DRGN	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.82%	34.85%	-8.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.42%	34.85%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.42%	34.85%	-0.43%

MAGC vs. DRGN - Expense Ratio Comparison

MAGC has a 0.59% expense ratio, which is higher than DRGN's 0.39% expense ratio.

Dividends

MAGC vs. DRGN - Dividend Comparison

MAGC's dividend yield for the trailing twelve months is around 5.02%, more than DRGN's 1.04% yield.

Position	TTM	2025	2024
DRGN Themes China Generative Artificial Intelligence ETF	1.04%	1.22%	0.00%
MAGC Roundhill China Magnificent Seven ETF	5.02%	4.10%	1.02%

Frequently Asked Questions

Can I hold both MAGC and DRGN in my portfolio?

MAGC and DRGN have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MAGC 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, MAGC or DRGN?

DRGN is cheaper with a 0.39% expense ratio, compared with 0.59% for MAGC.

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

MAGC has the higher dividend yield at 5.02%, compared with 1.04% for DRGN.

What is the main difference between MAGC and DRGN?

MAGC is categorized as China Equities, while DRGN is Technology Equities. They also come from different issuers: Roundhill and Themes. Their fees differ too: 0.59% for MAGC and 0.39% for DRGN.