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Data as of .

AIUP vs DRGN: which is really different?

AIUP and DRGN hold 0% of their weight in the same names.

FINQ FIRST U.S. Large Cap AI-Managed Equity ETF and Themes China Generative Artificial Intelligence ETF.

100.0%AIUP in the S&P 500
0.0%DRGN in the S&P 500
+26.9%AIUP 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?

AIUP 8DRGN 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

AIUP0% of its weight is outside the S&P 500 · 6 months to Sep 18, 2026
100%0%of its weight in S&P 500 companies0% of its weight outside the S&P 500active share 76% · top ten 78% of the fund · 15 holdings filed Jun 30, 2026 · Nasdaq-100: 77% in100%0%of its weight in S&P 500 companies0% of its weight outside the S&P 500active share 76% · top ten 78% 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

0% of the two portfolios are the same securities at the same weight.

What they hold in common

By the books each fund has filed, AIUP and DRGN hold 0% of their money in the same securities at the same weight.

Only in each
Only in AIUPOnly in DRGN
NVIDIA Corp 15.46%Hygon Information Technology C 8.15%
Meta Platforms Inc 14.88%Montage Technology Co Ltd 7.81%
Amazon.com Inc 14.81%Cambricon Technologies Corp Lt 7.46%
AppLovin Corp 4.77%Yuanjie Semiconductor Technolo 7.23%
Palo Alto Networks Inc 4.69%Foxconn Industrial Internet Co 5.88%
Expand Energy Corp 4.65%Baidu Inc 5.71%
Alphabet Inc 4.64%IEIT Systems Co Ltd 5.68%
Microsoft Corp 4.64%Kingsoft Corp Ltd 4.96%

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.

Performance, window by window

AIUP 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
AIUPDRGNAIUPDRGNAIUPDRGN
3 months+15.5%−11.4%+13.3 pts−13.6 pts+18.0 pts−8.9 pts
6 months+29.3%+7.8%+11.3 pts−10.3 pts+5.1 pts−16.5 pts
1 yearnot published−6.3%not published−22.9 ptsnot published−28.1 pts
Since launch+26.9%+30.6%+15.8 pts+6.5 pts+8.3 pts+0.3 pts
Open the live comparison on ETFIQ
AIUP and DRGN on the same fields, as of Sep 18, 2026. Source: ETFIQ.
AIUP
FINQ FIRST U.S. Large Cap AI-Managed Equity ETF
Holds 15 stocks in artificial intelligence, 100% 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
IssuerFINQThemes
ThemeArtificial intelligenceArtificial intelligence
In the S&P 500100.0%0.0%
Active share vs the S&P 50076.1%100.0%
In the Nasdaq-10077.3%0.0%
Holdings1523
Top ten, share of the fund77.7%62.5%
Expense ratio0.70%0.39%
Fee for the differing part0.92%0.39%
Total return, 1 year+26.9% (since launch on Feb 6, 2026)−6.3%
vs the S&P 500+15.8 pts−22.9 pts
vs the Nasdaq-100+8.3 pts−28.1 pts
Below its high0.0%−17.6%
Net assets$4m$22m

AIUP in plain words

By weight, 100% of AIUP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 76%. The top ten holdings are 78% of the fund across 15 positions, as filed for Jun 30, 2026. Since it launched on Feb 6, 2026 the fund returned +26.9% with distributions reinvested against +11.2% for the S&P 500, so a holder was ahead by 15.8 pts.

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 AIUP and DRGN hold the same stocks?
By their latest filings, 0% 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, AIUP or DRGN?
AIUP has 100% of its weight in S&P 500 names and DRGN has 0%, so DRGN differs more from the index.
Which is cheaper, AIUP or DRGN?
AIUP charges 0.70% 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.

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

How every figure is computed · Standards and sources