Performance data is updated to 31 May 2026.
Global X China Tech ETF (DRGN) — Review & Analysis
DRGN tracks an index of 20 leading Chinese technology companies listed in Hong Kong and Mainland China — covering semiconductors, robotics, software and internet platforms. AUM is $93.10 million as at May 2026 with a 0.45% p.a. management fee — the cheapest China-focused ETF on the ASX. DRGN launched in May 2025, so the track record is short. Compare DRGN against the broader China cohort on our Asia ETF page or use the Compare ETFs tool to put it side-by-side with IZZ and CNEW.
The competitive positioning is sharp. CNEW (VanEck China New Economy, 0.95%) spans tech plus health care and consumer; IZZ (iShares China Large-Cap, 0.60%) covers the broad HK-listed market. DRGN is the only ASX-listed ETF dedicated specifically to Chinese tech — Tencent, Alibaba, Meituan, SMIC, Xiaomi and the leading Chinese semiconductor names. DRGN returned +41.0% over the past year to May 2026, well ahead of broad China.
Structurally, DRGN is concentrated by design — 20 holdings means single-stock risk matters. The fund taps both HK-listed and A-share names, giving broader access than pure HK or pure A-share trackers. The trade-off versus diversified China is volatility — Chinese tech has experienced both regulatory crackdowns and AI-driven rallies in recent years, and DRGN will track both extremes.
For investors who want concentrated exposure to the China AI and platform tech theme rather than broad China, DRGN is the purest vehicle. Read our Asia, China & Emerging Markets ETF guide for how DRGN fits inside a regional allocation.
Performance (% return)
Investment Focus
Themes
Exposure Regions
Portfolio Breakdown
| Company Name | % assets |
|---|---|
| TENCENT | 8.64% |
| EOPTOLINK TECH-A | 8.58% |
| JD-SW | 8.31% |
| ZHONGJI INNOLI-A | 8.25% |
| XIAOMI CORP-W | 8.07% |
| CAMBRICON TECHNO | 8.04% |
| EAST MONEY INF-A | 7.84% |
| CONTEMPORARY A-A | 7.71% |
| VICTORY GIANT -A | 7.46% |
| HUA HONG GRACE S | 4.06% |
| Sector | % assets |
|---|---|
| Electronic Technology | 30.05% |
| Technology Services | 29.75% |
| Producer Manufacturing | 22.29% |
| Retail Trade | 14.76% |
| Consumer Durables | 3.14% |
Related Reads
Best Asia, China & Emerging Markets ETFs Australia 2026: The Complete Guide
No fund manager wrote this article. No issuer is paying for placement. This is an independent ranking of every Asia, China, Japan, India and emerging markets ETF listed on the ASX, using April 2026 CBOE Australia data.
Emerging Markets ETFs on the ASX: How to Access India, China, Asia, and the World's Fastest-Growing Economies
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Similar ETFs
| Stock | Name | 1 Year % |
|---|---|---|
| CNEW | VanEck China New Economy ETF | +16.28% |
| CETF | VanEck FTSE China A50 ETF | +16.34% |
| ASAO | abrdn Sustainable Asian Opportunities Active ETF | +41.20% |
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Last updated: January 2026
