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Data as of .

AIS vs DRGN: which is really different?

AIS and DRGN hold 4% of their weight in the same names, and AIS returned more over the year.

VistaShares Artificial Intelligence Supercycle ETF and Themes China Generative Artificial Intelligence ETF.

41.2%AIS in the S&P 500
0.0%DRGN in the S&P 500
+107.6%AIS total return, 1 year
−6.3%DRGN total return, 1 year

ETFIQ Off-Index Score: DRGN scores higher

How much of it is not the index it is sold as an alternative to?

AIS 23.4DRGN 91.80.1, the lowest in this set91.8, the highest

A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

AIS59% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
41%59%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 89% · top ten 46% of the fund · 60 holdings filed Sep 21, 2026 · Nasdaq-100: 33% in41%59%in the S&P 500outside the S&P 500active share 89% · top ten 46% of the fund
DRGN100% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 63% of the fund · 23 holdings filed Jun 30, 2026 · Nasdaq-100: 0% in0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 63% of the fund

4% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, AIS and DRGN hold 4% of their money in the same securities at the same weight.

Positions AIS and DRGN both hold, largest shared weight first
HoldingAISDRGN
Montage Technology Co Ltd1.05%7.81%
IEIT Systems Co Ltd0.77%5.68%
Only in each
Only in AISOnly in DRGN
SK hynix Inc 8.24%Hygon Information Technology C 8.15%
Micron Technology Inc 7.19%Cambricon Technologies Corp Lt 7.46%
Advanced Micro Devices Inc 5.52%Yuanjie Semiconductor Technolo 7.23%
Semtech Corp 4.68%Foxconn Industrial Internet Co 5.88%
MARVELL TECHNOLOGY INC 4.01%Baidu Inc 5.71%
Taiwan Semiconductor Manufacturing Co Ltd 3.62%Kingsoft Corp Ltd 4.96%
Intel Corp 3.35%DAHUA INC 4.92%
Vertiv Holdings Co 3.22%Xiaomi Corp 4.70%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 21, 2026.

Performance, window by window

AIS and DRGN over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
AISDRGNAISDRGNAISDRGN
3 months−15.6%−11.4%−17.8 pts−13.6 pts−13.1 pts−8.9 pts
6 months+67.5%+7.8%+49.5 pts−10.3 pts+43.3 pts−16.5 pts
1 year+107.6%−6.3%+91.1 pts−22.9 pts+85.9 pts−28.1 pts
Since launch+188.0%+30.6%+159.0 pts+6.5 pts+147.2 pts+0.3 pts
Open the live comparison on ETFIQ
AIS and DRGN on the same fields, as of Sep 18, 2026. Source: ETFIQ.
AIS
VistaShares Artificial Intelligence Supercycle ETF
Holds 60 stocks in artificial intelligence, 41% of its weight in S&P 500 companies
DRGN
Themes China Generative Artificial Intelligence ETF
Holds 23 stocks in artificial intelligence, 0% of its weight in S&P 500 companies
IssuerVistaSharesThemes
ThemeArtificial intelligenceArtificial intelligence
In the S&P 50041.2%0.0%
Active share vs the S&P 50088.9%100.0%
In the Nasdaq-10032.8%0.0%
Holdings6023
Top ten, share of the fund45.6%62.5%
Expense ratio0.75%0.39%
Fee for the differing part0.84%0.39%
Total return, 1 year+107.6%−6.3%
vs the S&P 500+91.1 pts−22.9 pts
vs the Nasdaq-100+85.9 pts−28.1 pts
Below its high−18.3%−17.6%
Net assets$1.0bn$22m

AIS in plain words

By weight, 41% of AIS's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 89%. The top ten holdings are 46% of the fund across 60 positions, as published by its issuer for Sep 21, 2026. Over the year to Sep 18, 2026 the fund returned +107.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 91.1 pts. It sits 18.3% below its all-time high of Jun 22, 2026.

DRGN in plain words

By weight, 0% of DRGN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 62% of the fund across 23 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned −6.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 22.9 pts. It sits 17.6% below its all-time high of May 13, 2026.

Questions people ask

Do AIS and DRGN hold the same stocks?
By their latest filings, 4% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, AIS or DRGN?
AIS has 41% of its weight in S&P 500 names and DRGN has 0%, so DRGN differs more from the index.
Which is cheaper, AIS or DRGN?
AIS charges 0.75% a year and DRGN charges 0.39%, so DRGN is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

AIS against DRGN, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, AIS against DRGN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ais-vs-drgn Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources