PBOT vs. DRGN
PBOT (Pictet AI & Automation ETF) and DRGN (Themes China Generative Artificial Intelligence ETF) are both Artificial Intelligence funds. PBOT is actively managed, while DRGN is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. PBOT charges 0.70%/yr vs 0.39%/yr for DRGN.
Performance
PBOT vs. DRGN - Performance Comparison
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Returns By Period
In the year-to-date period, PBOT achieves a 22.92% return, which is significantly higher than DRGN's 9.17% return.
PBOT
- 1D
- -2.30%
- 1M
- -2.27%
- 6M
- 19.50%
- YTD
- 22.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
DRGN
- 1D
- -2.39%
- 1M
- -3.17%
- 6M
- -4.84%
- YTD
- 9.17%
- 1Y
- 36.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 37.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $384.74K | $404.09K | $534.32K | |
| $23.32K | $22.92K | $19.40K |
PBOT vs. DRGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBOT Pictet AI & Automation ETF | 22.92% | 0.33% |
DRGN Themes China Generative Artificial Intelligence ETF | 9.17% | -3.85% |
Correlation
The correlation between PBOT and DRGN is 0.53, 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 Oct 16, 2025 | 0.53 |
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Return for Risk
PBOT vs. DRGN — Risk / Return Rank
PBOT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DRGN
PBOT vs. DRGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pictet AI & Automation ETF (PBOT) 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.
| PBOT | DRGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.78 | — |
| Martin ratioReturn relative to average drawdown | — | 3.63 | — |
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Drawdowns
PBOT vs. DRGN - Drawdown Comparison
The maximum PBOT drawdown since its inception was -15.78%, smaller than the maximum DRGN drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for PBOT and DRGN.
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Drawdown Indicators
| PBOT | DRGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.78% | -20.86% | +5.08% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.86% | — |
Current DrawdownCurrent decline from peak | -8.71% | -12.94% | +4.23% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -8.25% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.19% | — |
Volatility
PBOT vs. DRGN - Volatility Comparison
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Volatility by Period
| PBOT | DRGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 25.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 26.94% | 36.45% | -9.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.94% | 36.14% | -9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.94% | 36.14% | -9.20% |
PBOT vs. DRGN - Expense Ratio Comparison
PBOT has a 0.70% expense ratio, which is higher than DRGN's 0.39% expense ratio.
Dividends
PBOT vs. DRGN - Dividend Comparison
PBOT's dividend yield for the trailing twelve months is around 0.08%, less than DRGN's 1.11% yield.
| Position | TTM | 2025 |
|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 1.11% | 1.22% |
PBOT Pictet AI & Automation ETF | 0.08% | 0.10% |
Frequently Asked Questions
PBOT and DRGN have a correlation of 0.53, 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 0.70% for PBOT.
DRGN has the higher dividend yield at 1.11%, compared with 0.08% for PBOT.
They also come from different issuers: Pictet and Themes. Their fees differ too: 0.70% for PBOT and 0.39% for DRGN.
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