DRGN ETF — Themes China Generative Artificial Intelligence ETF

Themes China Generative Artificial Intelligence ETF (DRGN)

Updated October 16, 2026.

DRGN is an ETF. its trailing-12-month yield is 1.38%, its expense ratio is 0.39%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 11.3% over the past 1.3 years, 13.0 points behind SPY at 24.3%.

Themes China Generative Artificial Intelligence ETF is an equity ETF that tracks an index of publicly traded Chinese companies listed in the U.S. or Hong Kong, or accessible via Stock Connect, that derive significant revenue from generative AI activities; the fund invests at least 80% of its net assets in index securities and related depositary receipts and is non-diversified. The fund has a modest current distribution rate and carries an expense ratio of 0.39%, with distributions paid annually; note that the latest distribution was special or one-time in nature and may not recur. This ETF may appeal to investors seeking exposure to Chinese companies in the generative AI sector, though the non-diversified structure and concentration in a single country and emerging technology theme carry correspondingly higher risk.

DRGN performance versus SPY

Price and return data through 2026-10-16.

Total return is 11.3% over the past 1.3 years, 13.0 points behind SPY at 24.3%. Its deepest 1-year drawdown was 29.8%.

DRGN key facts

Distribution Safety Score™

50 · Unproven

Issuer

Themes

Asset type

ETF

Asset class

Equity

Inception date

07/14/2025

Expense ratio

0.39%

Distribution frequency

Annual

Trailing yield

1.38%

Last close

$28.71 (as of 2026-10-16)

AUM

$19,149,016

Average volume

17941.0

Dividend

$0.396

Ex-dividend date

12/18/2025

Payment date

12/19/2025

Beta

1.3449

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (1.38%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Themes; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DRGN risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 29.8%.

Who may consider DRGN — and who may not

It is a weaker fit for investors who need monthly cash flow (DRGN pays annual); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on DRGN

• All tickers starting with D

Tagged: Artificial Intelligence (AI), Technology, International.

Frequently asked questions

More securities from Themes.