Themes China Generative Artificial… (DRGN) Performance
DRGN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −10.4% since Dec 31, 2025
- 1 year
- −13.4% total return
- Since first price
- +13.3% since 2025
DRGN trailing returns vs SPY, QQQ, AGG
| Period | DRGN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −13.0% | −13.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −17.9% | −17.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −16.6% | −16.6% | +7.8% | +8.4% | −1.5% |
| YTD | −10.4% | −10.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −13.4% | −14.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 15, 2025 | +13.3% | +11.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DRGN vs SPY
From Jul 15, 2025: DRGN grew to $11,327, SPY to $12,381.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DRGN returns by calendar year
2026 is year to date.
DRGN annual returns table
| Year | DRGN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −10.4% | −30.2% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DRGN largest drawdowns
Now 28.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 13, 2026 | −30.2% | Oct 22, 2026 | not yet | 5 months | 5 months so far |
| Oct 2, 2025 | −20.9% | Mar 30, 2026 | May 6, 2026 | 6 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DRGN risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +16.7% |
| Volatility (annualized) | 36.9% |
| Sharpe ratio | 0.48 |
| Sortino ratio | 1.01 |
| Best month | +24.4% |
| Worst month | −10.8% |
| Best 12 months | +32.2% |
| Worst 12 months | −13.8% |
| Positive months | 50% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DRGN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 4 | −15.4% | −4.9% | +32.2% | 50% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
DRGN performance overview
Themes China Generative Artificial… (DRGN) returned −13.4% over the past year, with distributions reinvested. Since its first recorded price on Jul 15, 2025 it has returned +13.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −30.2%, from May 13, 2026 to Oct 22, 2026; the fund has not yet regained that high. Volatility has been 36.9% a year.
Related: DRGN chart, DRGN holdings, DRGN dividends. See the DRGN overview for the latest quote and fund facts.
DRGN performance FAQ
What is the DRGN return over the past year?
DRGN returned −13.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 14.5%.
How much would $10,000 invested in DRGN be worth?
$10,000 invested in DRGN at its first recorded close on July 15, 2025 would be worth about $11,327 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of DRGN?
The largest peak-to-trough decline was −30.2% between May 13, 2026 and October 22, 2026. It has not yet recovered to that high; it is 28.5% below its peak.
How volatile is DRGN?
Over the past history DRGN had an annualized volatility of 36.9% and a Sharpe ratio of 0.48 (excess return over 1–3 month T-bills per unit of risk).