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Data as of Nov 4, 2026.

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Thematic ETFs

ALAI vs DRAI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ALAI returned +9.9% to DRAI's +6.2%; 0% of their weight is in the same names.

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Net assets: $451m on Jun 30, 2026 for Alger AI Enablers & Adopters ETF, and $21m on Aug 31, 2026 for Draco Evolution AI ETF.

ALAI on its own →DRAI on its own →
At a glance
60.0%
ALAI in the S&P 500
0.0%
DRAI in the S&P 500
+9.9%
ALAI total return, 1 year
+6.2%
DRAI total return, 1 year
ALAI · 1 year to Nov 4, 2026 40% of its weight is outside the S&P 500
40% of its weight is outside the S&P 50060% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.60%40%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 65% · top ten 52% of the fund · 79 holdings as filed for Jun 30, 2026 · Nasdaq-100: 63% in40% of its weight is outside the S&P 50060% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.60%40%in the S&P 500outsideactive share 65% · Nasdaq-100: 63% in

60% of ALAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Jun 30, 2026.

DRAI · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of DRAI's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 80% of the fund · 5 holdings as filed for Aug 31, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of DRAI's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

0% of DRAI's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

ALAI costs 0.74 points a year less; their one-year returns differ by 3.7 points.

Points (pts) are percentage points.

ALAI vs DRAI: Holdings Overlap & Returns
MeasureALAIDRAI
Return
Total return, 1 year+9.9%+6.2%
Drawdown
Below its all-time high15.2%, high on Oct 6, 202611.9%, high on Jun 2, 2026
Against its benchmark
What it tracksArtificial intelligenceArtificial intelligence
Against the S&P 500, 1 yearbehind by 4.9 pts
Its benchmark, total return, 1 year+14.8%+14.4%
Against its benchmark, 1 yearbehind by 4.9 ptsbehind by 8.2 pts
Cost and size
Expense ratio0.58%1.32%
Net assets, ALAI as of Jun 30, 2026 and DRAI as of Aug 31, 2026$451m$21m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, ALAI and DRAI hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first ALAI DRAI
Only in one fund ↓
Only in ALAI
NVIDIA CORP 12.25%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD 5.96%
AMAZON.COM INC 5.37%
MICROSOFT CORP 4.78%
ALPHABET INC 4.73%
WESTERN DIGITAL CORP 4.34%
NEBIUS GROUP NV 4.12%
META PLATFORMS INC 3.85%
Only in DRAI
WisdomTree Bloomberg U.S. Dollar Bullish Fund 32.74%
iShares 20+ Year Treasury Bond ETF 21.13%
iShares Gold Trust 13.26%
ProShares UltraPro QQQ 6.59%
Direxion Daily S&P 500 Bull 3X ETF 6.48%
Check overlap with more funds →

Window by window

Window by window: ALAI vs DRAI: Holdings Overlap & Returns
Total returnvs its benchmark
WindowALAIDRAIALAIDRAI
3 months−9.3%−6.3%−9.2 pts vs VOO−5.8 pts vs GUSA
6 months−3.5%−8.9%−8.5 pts vs VOO−13.6 pts vs GUSA
1 year+9.9%+6.2%−4.9 pts vs VOO−8.2 pts vs GUSA
Since launchNot the same days: ALAI Apr 2024 · DRAI Jul 2024+107.2%+29.5%+54.7 pts vs VOO−11.0 pts vs GUSA

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Side by side

ALAI Alger AI Enablers & Adopters ETF · Holds 79 stocks in artificial intelligence, 60% of its weight in S&P 500 companies DRAI Draco Evolution AI ETF · Holds 5 stocks in artificial intelligence, 0% of its weight in S&P 500 companies
Issuer Alger Draco Evolution
Theme Artificial intelligence Artificial intelligence
In the S&P 500 60.0% 0.0%
Active share vs the S&P 500 65.2% 100.0%
In the Nasdaq-100 62.8% 0.0%
Holdings 79 5
Top ten, share of the fund 52.3% 80.2%
Expense ratio 0.58% 1.32%
Fee for the differing part 0.89% 1.32%
Total return, 1 year +9.9% +6.2%
vs its benchmark −4.9 pts vs VOO −8.2 pts vs GUSA
Below its high −15.2% −11.9%
Net assets, ALAI as of Jun 30, 2026 and DRAI as of Aug 31, 2026 $451m $21m

As of Nov 4, 2026. Source: ETFIQ.

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

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About each fund
ALAI

By weight, 60% of ALAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 65%. The top ten holdings are 52% of the fund across 79 positions, as filed for Jun 30, 2026. Over the year to Nov 4, 2026 the fund returned +9.9% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 4.9 pts. It sits 15.2% below its all-time high of Oct 6, 2026.

DRAI

Over the year to Nov 4, 2026 the fund returned +6.2% with distributions reinvested against +14.4% for its benchmark, the Solactive GBS United States 1000 Total Return Index, so a holder was behind by 8.2 pts.

By weight, 0% of DRAI'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 80% of the fund across 5 positions, as filed for Aug 31, 2026. It sits 11.9% below its all-time high of Jun 2, 2026.

Questions people ask

Do ALAI and DRAI hold the same stocks?
By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, ALAI or DRAI?
ALAI has 60% of its weight in S&P 500 names and DRAI has 0%, so DRAI differs more from the index.
Which is cheaper, ALAI or DRAI?
ALAI charges 0.58% a year and DRAI charges 1.32%, so ALAI is cheaper. Fees come from each fund's prospectus.
Other comparisons
ALAI vs WISEALAI vs NEWZALAI vs JHAIALAI vs DRGNDRAI vs THNQDRAI vs KOIDDRAI vs ROBTDRAI vs FAI
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →ALAI on its own →DRAI on its own →ALAI dividend history →ALAI holdings →DRAI dividend history →DRAI holdings →Method →Standards and sources →
Sources and dates
ALAI filings on SEC EDGAR ↗
ALAI prospectus with the expense ratio (SEC) ↗
Alger website ↗
DRAI filings on SEC EDGAR ↗
DRAI prospectus with the expense ratio (SEC) ↗
Draco Evolution page for DRAI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, ALAI against DRAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/alai-vs-drai

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.