WTAI vs. DRGN
WTAI (WisdomTree Artificial Intelligence and Innovation Fund) and DRGN (Themes China Generative Artificial Intelligence ETF) are both Artificial Intelligence funds - WTAI tracks the WisdomTree Artificial Intelligence & Innovation Index while DRGN tracks the BITA China Generative AI Select Index. Both are passively managed. Over the past year, WTAI returned 64.95% vs 34.60% for DRGN. Their 0.51 correlation means they have sometimes moved together and sometimes differently. WTAI charges 0.45%/yr vs 0.39%/yr for DRGN.
Performance
WTAI vs. DRGN - Performance Comparison
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Returns By Period
In the year-to-date period, WTAI achieves a 37.13% return, which is significantly higher than DRGN's 8.71% return.
WTAI
- 1D
- 3.87%
- 1M
- -6.13%
- 6M
- 31.19%
- YTD
- 37.13%
- 1Y
- 64.95%
- 3Y*
- 28.96%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.11%
DRGN
- 1D
- -0.02%
- 1M
- -0.13%
- 6M
- -0.73%
- YTD
- 8.71%
- 1Y
- 34.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.86%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $403.33K | $404.08K | $565.01K | |
| $14.96M | $17.61M | $14.18M |
WTAI vs. DRGN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WTAI WisdomTree Artificial Intelligence and Innovation Fund | 37.13% | 21.17% |
DRGN Themes China Generative Artificial Intelligence ETF | 8.71% | 26.96% |
Correlation
The correlation between WTAI and DRGN is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.51 |
The correlation between WTAI and DRGN has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.
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Return for Risk
WTAI vs. DRGN — Risk / Return Rank
WTAI
DRGN
WTAI vs. DRGN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Artificial Intelligence and Innovation Fund (WTAI) 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.
| WTAI | DRGN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.18 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 1.67 | +0.70 |
| Martin ratioReturn relative to average drawdown | 9.14 | 3.32 | +5.82 |
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Drawdowns
WTAI vs. DRGN - Drawdown Comparison
The maximum WTAI drawdown since its inception was -45.96%, which is greater than DRGN's maximum drawdown of -20.86%. Use the drawdown chart below to compare losses from any high point for WTAI and DRGN.
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Drawdown Indicators
| WTAI | DRGN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.96% | -20.86% | -25.10% |
Max Drawdown (1Y)Largest decline over 1 year | -27.61% | -20.86% | -6.75% |
Max Drawdown (3Y)Largest decline over 3 years | -31.83% | — | — |
Current DrawdownCurrent decline from peak | -17.35% | -13.31% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -19.54% | -8.41% | -11.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.13% | 10.46% | -3.33% |
Volatility
WTAI vs. DRGN - Volatility Comparison
WisdomTree Artificial Intelligence and Innovation Fund (WTAI) has a higher volatility of 17.28% compared to Themes China Generative Artificial Intelligence ETF (DRGN) at 11.95%. This indicates that WTAI's price experiences larger fluctuations and is considered to be riskier than DRGN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTAI | DRGN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.28% | 11.95% | +5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 33.77% | 25.81% | +7.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.89% | 36.59% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.74% | 35.96% | -3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.74% | 35.96% | -3.22% |
WTAI vs. DRGN - Expense Ratio Comparison
WTAI has a 0.45% expense ratio, which is higher than DRGN's 0.39% expense ratio.
Dividends
WTAI vs. DRGN - Dividend Comparison
WTAI's dividend yield for the trailing twelve months is around 1.32%, more than DRGN's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
DRGN Themes China Generative Artificial Intelligence ETF | 1.12% | 1.22% | 0.00% | 0.00% | 0.00% |
WTAI WisdomTree Artificial Intelligence and Innovation Fund | 1.32% | 1.81% | 0.19% | 0.24% | 0.22% |
Frequently Asked Questions
WTAI 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.
WTAI has higher volatility (17.28%) compared to DRGN (11.95%). In terms of maximum drawdown, WTAI dropped -45.96% vs DRGN's -20.86%.
On 1-year performance, WTAI leads with 64.95% vs 34.60% for DRGN. On fees, DRGN is cheaper at 0.39% per year. On volatility, DRGN has been the lower-risk option at 11.95%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WTAI has performed better with a 64.95% return vs 34.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DRGN is cheaper with a 0.39% expense ratio, compared with 0.45% for WTAI.
WTAI has the higher dividend yield at 1.32%, compared with 1.12% for DRGN.
WTAI tracks WisdomTree Artificial Intelligence & Innovation Index, while DRGN tracks BITA China Generative AI Select Index. They also come from different issuers: WisdomTree and Themes. Their fees differ too: 0.45% for WTAI and 0.39% for DRGN.
WTAI currently has the higher Sharpe Ratio (1.73 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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