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Data as of Nov 4, 2026.

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Thematic ETFs

ALAI vs DRGN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ALAI returned +9.9% to DRGN's −15.8%; 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 $19m on Nov 4, 2026 for Themes China Generative Artificial Intelligence ETF.

ALAI on its own →DRGN on its own →
At a glance
60.0%
ALAI in the S&P 500
0.0%
DRGN in the S&P 500
+9.9%
ALAI total return, 1 year
−15.8%
DRGN 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.

DRGN · 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 DRGN's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 62% of the fund · 22 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of DRGN's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 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 DRGN's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

DRGN costs 0.19 points a year less; their one-year returns differ by 25.7 points.

Points (pts) are percentage points.

ALAI vs DRGN: Holdings Overlap & Returns
MeasureALAIDRGN
Return
Total return, 1 year+9.9%−15.8%
Drawdown
Below its all-time high15.2%, high on Oct 6, 202630.2%, high on May 13, 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%+15.0%
Against its benchmark, 1 yearbehind by 4.9 ptsbehind by 30.8 pts
Cost and size
Expense ratio0.58%0.39%
Net assets, ALAI as of Jun 30, 2026 and DRGN as of Nov 4, 2026$451m$19m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, ALAI and DRGN hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first ALAI DRGN
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 DRGN
Xiaomi Corp 8.12%
Montage Technology Co Ltd 7.04%
Cambricon Technologies Corp Ltd 6.22%
Baidu Inc 6.08%
Hygon Information Technology Co Ltd 6.06%
Iflytek Co Ltd 5.92%
Kingsoft Corp Ltd 5.81%
Foxconn Industrial Internet Co Ltd 5.60%
Check overlap with more funds →

Window by window

Window by window: ALAI vs DRGN: Holdings Overlap & Returns
Total returnvs its benchmark
WindowALAIDRGNALAIDRGN
3 months−9.3%−23.4%−9.2 pts vs VOO−22.1 pts vs ACWI
6 months−3.5%−24.9%−8.5 pts vs VOO−27.5 pts vs ACWI
1 year+9.9%−15.8%−4.9 pts vs VOO−30.8 pts vs ACWI
Since launchNot the same days: ALAI Apr 2024 · DRGN Jul 2025+107.2%+10.6%+54.7 pts vs VOO−14.3 pts vs ACWI

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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 DRGN Themes China Generative Artificial Intelligence ETF · Holds 22 stocks in artificial intelligence, 0% of its weight in S&P 500 companies
Issuer Alger Themes
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 22
Top ten, share of the fund 52.3% 61.9%
Expense ratio 0.58% 0.39%
Fee for the differing part 0.89% 0.39%
Total return, 1 year +9.9% −15.8%
vs its benchmark −4.9 pts vs VOO −30.8 pts vs ACWI
Below its high −15.2% −30.2%
Net assets, ALAI as of Jun 30, 2026 and DRGN as of Nov 4, 2026 $451m $19m

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.

DRGN

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 22 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −15.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Net Total Return Index, so a holder was behind by 30.8 pts. It sits 30.2% below its all-time high of May 13, 2026.

Questions people ask

Do ALAI and DRGN 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 DRGN?
ALAI has 60% of its weight in S&P 500 names and DRGN has 0%, so DRGN differs more from the index.
Which is cheaper, ALAI or DRGN?
ALAI charges 0.58% a year and DRGN charges 0.39%, so DRGN is cheaper. Fees come from each fund's prospectus.
Other comparisons
ALAI vs DRAIALAI vs EPAIALAI vs KAITALAI vs XAIXDRGN vs KOIDDRGN vs FAIDRGN vs IGPTDRGN vs CHAT
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →ALAI on its own →DRGN on its own →ALAI dividend history →ALAI holdings →DRGN dividend history →DRGN holdings →Method →Standards and sources →
Sources and dates
ALAI filings on SEC EDGAR ↗
ALAI prospectus with the expense ratio (SEC) ↗
Alger website ↗
DRGN filings on SEC EDGAR ↗
DRGN prospectus with the expense ratio (SEC) ↗
Themes page for DRGN ↗

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 DRGN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/alai-vs-drgn

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