DRGN vs IVV
Themes China Generative Artificial Intelligence ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. DRGN delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | DRGN | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $27M | $907.0B | |
| Dividend Yield | 1.12% | 1.10% | |
| Holdings | 27 | 508 | |
| YTD Return | +6.15% | +12.96% | |
| 1Y Return | +20.77% | +20.70% | |
| 3Y Return (annualized) | - | +22.10% | |
| 5Y Return (annualized) | - | +13.40% | |
| Volatility (annualized) | 36.9% | 15.1% | |
| Max Drawdown | -20.9% | -56.5% | |
| Fund Family | Themes ETFs | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 15, 2025 | May 15, 2000 |
DRGN vs IVV Performance
Themes China Generative Artificial Intelligence ETF (DRGN) is a ETF from Themes ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DRGN returned +20.77% while IVV returned +20.70%. Year to date, DRGN is up 6.15% versus a gain of 12.96% for IVV.
Risk: Volatility and Drawdowns
DRGN has been the more volatile fund, with annualized monthly volatility of 36.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.9% for DRGN and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DRGN charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, DRGN currently yields 1.12% against 1.10% for IVV.
Holdings Overlap
DRGN and IVV share 0 holdings out of 529 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DRGN or IVV?
DRGN has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, DRGN or IVV?
Over the past year DRGN returned +20.77% vs +20.70% for IVV, so DRGN leads on 1-year performance. Over the longest common window we track (1 years), DRGN annualized +34.81% vs +7.01% for IVV. Past performance does not guarantee future results.
Which is riskier, DRGN or IVV?
DRGN has been the more volatile fund at 36.9% annualized versus 15.1% for IVV. Worst drawdown: DRGN -20.9% vs IVV -56.5%.
Should I hold both DRGN and IVV?
DRGN and IVV have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DRGN and IVV?
DRGN and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 529 unique securities.
Which pays a higher dividend, DRGN or IVV?
DRGN yields 1.12% while IVV yields 1.10%, so DRGN currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.