Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Asia equity funds would cost $357 (0.71% a year), so DRGN is $104 cheaper.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 20 securities · top 10 = 77.4%
Country
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −3.4 | −9.0 | 0.2 | 8.3 | 13.4 | 5.6 | −16.4 | −2.7 | −5.5 | −18.1 | −28.0YTD | ||
| 2025 | 3.4 | 5.5 | 14.8 | 11.4 | −3.5 | −3.5 | 0.3 | 30.3 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
DRGN questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Global X China Tech ETF?
Global X China Tech ETF holds 20 securities, and its ten largest positions make up 77.4% of the fund, more concentrated than the 42.2% typical of Asia equity funds. That makes it fairly concentrated.
Its largest country exposure is Hong Kong at 84.2%, based on holdings as at 2 Sept 2026.
Which ETFs does DRGN double up with most?
DRGN shares the most holdings with iShares China Large-Cap ETF (IZZ) (16% overlap), Betashares Asia Technology Tigers ETF (ASIA) (11% overlap) and VanEck FTSE China A50 ETF (CETF) (10% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
None of these overlaps is above half, so pairing DRGN with one of them adds some genuinely different holdings.
How is Global X China Tech ETF managed – active or passive?
Global X China Tech ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Asia equity funds, active funds charge a median 1.18% a year and index funds 0.60%.
What will I pay in fees for DRGN?
DRGN charges a management fee of 0.45% a year, about $45 for every $10,000 invested. Only 46% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Asia equity funds, the median is 0.67%.
Lower-cost funds with a similar focus include Global X FANG+ ETF (FANG) at 0.35%, FANG+ (Currency Hedged) ETF (FHNG) at 0.38% and Vanguard Global Technology Index ETF (VTEK) at 0.23%.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.28% for DRGN.
Does Global X China Tech ETF follow a theme?
Yes. Global X China Tech ETF focuses on technology. Thematic funds are narrower than the broad market, so they can rise or fall much more than it does.
Other ASX funds with a technology focus include Betashares NASDAQ 100 ETF (NDQ), Global X FANG+ ETF (FANG), Betashares Asia Technology Tigers ETF (ASIA) and Betashares NASDAQ 100 ETF - Currency Hedged ETF (HNDQ).
What is under the hood of DRGN?
As at 2 Sept 2026, DRGN's ten largest holdings are Tencent (9.7%), Xiaomi Corp-W (9.5%), East Money Inf-A (9.4%), Jd-Sw (9.0%), Cambricon Techno (8.0%), Contemporary A-A (7.8%), Eoptolink Tech-A (7.3%), Zhongji Innoli-A (6.7%), Victory Giant -A (5.8%) and Zhejiang Centu-A (4.1%). Together they make up 77.4% of the fund.
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings. Its top 10 weighting of 77.4% compares with 42.2% for Asia equity funds.
How well has Global X China Tech ETF performed?
Based on its category, Global X China Tech ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned −29.1% over 1 year (median −0.7%; ranked 17 of 17). The medians and rankings compare it with Asia equity funds. Since listing in 2025 it has returned −4.8% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for DRGN; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.45% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.