Themes China Generative Artificial Intelligence ETF (DRGN) — Stock Correlations & Overview
Over the past year, DRGN has moved most closely with TCHI, CQQQ, CNQQ. Explore the stocks most correlated and inversely correlated with DRGN below, along with its price, financials, and company profile.
Stocks correlated with DRGN
Correlation of daily returns. Higher positive values move with DRGN; negative values move opposite it. Informational only, not investment advice.
Most correlated with DRGN
| Symbol | Company | Correlation |
|---|---|---|
| TCHI | iShares MSCI China Multisector Tech ETF | 0.91 |
| CQQQ | Invesco China Technology ETFINVESTMENT ADVICE | 0.91 |
| CNQQ | Rayliant-ChinaAMC Transformative China Tech ETF | 0.88 |
| CXSE | WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund | 0.85 |
| CNXT | VanEck ChiNext Innovators ETF | 0.80 |
Most inversely correlated with DRGN
| Symbol | Company | Correlation |
|---|---|---|
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.62 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.61 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.61 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.57 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.57 |
Frequently asked questions about DRGN correlations
- Which stocks are most correlated with DRGN?
- Based on one year of daily returns, the stocks most correlated with Themes China Generative Artificial Intelligence ETF (DRGN) are TCHI (0.91), CQQQ (0.91) and CNQQ (0.88). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with DRGN?
- Over the past year, the stocks most inversely correlated with Themes China Generative Artificial Intelligence ETF (DRGN) are EUM (-0.62), EDZ (-0.61) and EEV (-0.61). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these DRGN correlations calculated?
- We compute the correlation of daily returns between DRGN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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