DRGN
Themes China Generative Artificial Intelligence ETF
The Themes CHN Generative Artificial Intelligence ETF seeks to provide investment exposure to companies that are poised to benefit from advancements in generative artificial intelligence technology and its applications.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 28.2 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Inception date | Jul 14, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| XIAOMI CORP. CLASS B | 6.6 % |
| HYGON INFORMATION TECHNOLOGY CO., LTD. C | 6.5 % |
| KINGSOFT CORP LTD | 6.3 % |
| INSPUR ELECTRONIC INFORMAT-A | 6.2 % |
| BAIDU, INC. CLASS A | 5.6 % |
| MONTAGE TECHNOLOGY CO., LTD. CLASS A | 5.5 % |
| CAMBRICON TECHNOLOGIES CORP. LTD. CLASS | 5.4 % |
| ZHEJIANG DAHUA TECHNOLOGY-A | 5.3 % |
| 360 SECURITY TECHNOLOGY, INC. CLASS A | 5.1 % |
| KUAISHOU TECHNOLOGY CLASS B | 5.1 % |
Constituent Breakdown
| Number of holdings | 18 |
| Herfindahl-Hirschman Index | 505 |
| Wgt avg mkt cap (mns) | $27,959 |
| Large cap (>$10bn) | 44.2% |
| Mid cap ($2-10bn) | 29.3% |
| Small cap (<$2bn) | 5.7% |
| Developed mkts. | 4.5% |
| Emerging mkts. | 81.2% |
Sector Breakdown
Country Exposure
 |
CHINA | 81.2 % |
 |
HONG KONG | 4.5 % |
Historical Performance
Standardized Performance (as of 07/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.7% | 30.6% | -- | -- | -- | -- | -- | 34.2% |
| Dividend Yield | 0.0% | 1.6% | -- | -- | -- | -- | -- | 1.6% |
| Total Returns | 8.7% | 32.2% | -- | -- | -- | -- | -- | 35.8% | Ann. Volatility | 37.0% | 36.6% | -- | -- | -- | -- | -- | 36.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.40 | 24% |
| MSCI EAFE | 1.00 | 18% |
| MSCI Emg Mkts | 0.91 | 36% |
Liquidity Measures
| Avg. volume (000) | 12 |
| ADV traded (mns) | $0 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.51% |
Technical Indicators
| 30d moving avg. (EMA) | $36.07 |
| Relative strength (RSI) | 48 |
| MACD/Signal | -0.48/-0.32 |
| Bollinger Bands (Upper/Lower) | $38.58/$33.80 |
| Short interest (% of AUM) | 1.5% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DRGN |
Expenses vs. DRGN |
ALTAR Score™ vs. DRGN |
|---|---|---|---|---|
| KSTR | KraneShares SSE STAR Market 50 Index ETF | 19.2% | +50 bp | -9.7% |
| CQQQ | Invesco China Technology ETF | 18.6% | +31 bp | +7.3% |
| TCHI | iShares MSCI China Multisector Tech ETF | 16.0% | +20 bp | +5.6% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 16.0% | +30 bp | +14.1% |
| KBA | KraneShares Bosera MSCI China A 50 Connect Index ETF | 12.7% | +16 bp | -3.8% |
| KWEB | KraneShares CSI China Internet ETF | 10.6% | +30 bp | +17.8% |
Risk and Returns: DRGN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/5/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
10.6%
ALTAR SCORE™
91st
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 215 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.6% and a standard deviation
of 2.2%. DRGN's ALTAR Score™ is approximately 1.3 standard
deviations above the category average. This places DRGN in the 91st percentile
among funds in the category.
Sell-Side Consensus
$50.68
PRICE TARGET
+36.7%
UPSIDE