PGJ vs. DRAG

Last updated Jun 4, 2026

PGJ (Invesco Golden Dragon China ETF) and DRAG (Roundhill China Dragons ETF) are both China Equities funds. PGJ is passively managed, while DRAG is actively managed. PGJ charges 0.70%/yr vs 0.59%/yr for DRAG.

Performance

PGJ vs. DRAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Golden Dragon China ETF (PGJ) and Roundhill China Dragons ETF (DRAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PGJ

• 1D: -2.45%
• 1M: -3.45%
• YTD: -10.99%
• 6M: -12.93%
• 1Y: -4.61%
• 3Y*: 3.00%
• 5Y*: -13.64%
• 10Y*: 0.39%

DRAG

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PGJ vs. DRAG - Yearly Performance Comparison

	2026 (YTD)
PGJ Invesco Golden Dragon China ETF	-14.23%
DRAG Roundhill China Dragons ETF	0.00%

PGJ vs. DRAG - Sectors Allocation Comparison

Sectors	PGJ	DRAG
Consumer Cyclical	44.8%	72.4%
Technology	16.2%	10.2%
Communication Services	14.5%	17.3%
Consumer Defensive	7.6%	-
Industrials	6.5%	-
Financial Services	3.6%	-
Real Estate	3.1%	-
Energy	2.3%	-
Healthcare	0.8%	-
Basic Materials	-	-
Utilities	-	-

Return for Risk

PGJ vs. DRAG — Risk / Return Rank

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

PGJ

PGJ Risk / Return Rank: 7
PGJ Sharpe Ratio Rank: 7
PGJ Sortino Ratio Rank: 7
PGJ Omega Ratio Rank: 7
PGJ Calmar Ratio Rank: 7
PGJ Martin Ratio Rank: 7

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.

PGJ vs. DRAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Golden Dragon China ETF (PGJ) and Roundhill China Dragons ETF (DRAG). 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.

	PGJ	DRAG	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	—	—
Sortino ratio: Return per unit of downside risk	-0.10	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.18	—	—
Martin ratio: Return relative to average drawdown	-0.34	—	—
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

	PGJ	DRAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	—	—

Drawdowns

PGJ vs. DRAG - Drawdown Comparison

The maximum PGJ drawdown since its inception was -78.37%, which is greater than DRAG's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PGJ and DRAG.

Drawdown Indicators

	PGJ	DRAG	Difference
Max Drawdown Largest peak-to-trough decline	-78.37%	0.00%	-78.37%
Max Drawdown (1Y) Largest decline over 1 year	-25.69%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-70.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-78.37%	—	—
Current Drawdown Current decline from peak	-66.07%	0.00%	-66.07%
Average Drawdown Average peak-to-trough decline	-31.74%	0.00%	-31.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.40%	—	—

Volatility

Volatility by Period

	PGJ	DRAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.46%	0.00%	+24.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.73%	0.00%	+43.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.70%	0.00%	+36.70%

PGJ vs. DRAG - Expense Ratio Comparison

PGJ has a 0.70% expense ratio, which is higher than DRAG's 0.59% expense ratio.

Dividends

PGJ vs. DRAG - Dividend Comparison

PGJ's dividend yield for the trailing twelve months is around 3.56%, while DRAG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRAG Roundhill China Dragons ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PGJ Invesco Golden Dragon China ETF	3.56%	3.38%	4.70%	2.50%	0.84%	0.00%	0.30%	0.17%	0.31%	2.05%	1.94%	0.37%

Frequently Asked Questions

Which ETF is better, PGJ or DRAG?

On fees, DRAG is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PGJ or DRAG?

DRAG is cheaper with a 0.59% expense ratio, compared with 0.70% for PGJ.

Which ETF pays a higher dividend yield, PGJ or DRAG?

PGJ has the higher dividend yield at 3.56%, compared with 0.00% for DRAG.

What is the main difference between PGJ and DRAG?

They also come from different issuers: Invesco and Roundhill. Their fees differ too: 0.70% for PGJ and 0.59% for DRAG.