Data as of .
ALAI vs DRGN: which is really different?
ALAI and DRGN hold 0% of their weight in the same names, and ALAI returned more over the year.
ETFIQ Off-Index Score: DRGN scores higher
How much of it is not the index it is sold as an alternative to?
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
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, ALAI and DRGN hold 0% of their money in the same securities at the same weight.
| Only in ALAI | Only in DRGN |
|---|---|
| NVIDIA CORP 12.01% | Hygon Information Technology C 8.15% |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPA 5.85% | Montage Technology Co Ltd 7.81% |
| AMAZON.COM INC 5.27% | Cambricon Technologies Corp Lt 7.46% |
| MICROSOFT CORP 4.69% | Yuanjie Semiconductor Technolo 7.23% |
| ALPHABET INC 4.64% | Foxconn Industrial Internet Co 5.88% |
| WESTERN DIGITAL CORP 4.26% | Baidu Inc 5.71% |
| NEBIUS GROUP NV 4.04% | IEIT Systems Co Ltd 5.68% |
| META PLATFORMS INC 3.78% | 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
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ALAI | DRGN | ALAI | DRGN | ALAI | DRGN | |
| 3 months | −2.2% | −11.4% | −4.4 pts | −13.6 pts | +0.3 pts | −8.9 pts |
| 6 months | +38.0% | +7.8% | +19.9 pts | −10.3 pts | +13.7 pts | −16.5 pts |
| 1 year | +25.6% | −6.3% | +9.1 pts | −22.9 pts | +3.9 pts | −28.1 pts |
| Since launch | +132.7% | +30.6% | +81.4 pts | +6.5 pts | +66.9 pts | +0.3 pts |
| 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 23 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 | 54.4% | 0.0% |
| Holdings | 79 | 23 |
| Top ten, share of the fund | 51.3% | 62.5% |
| Expense ratio | 0.58% | 0.39% |
| Fee for the differing part | 0.89% | 0.39% |
| Total return, 1 year | +25.6% | −6.3% |
| vs the S&P 500 | +9.1 pts | −22.9 pts |
| vs the Nasdaq-100 | +3.9 pts | −28.1 pts |
| Below its high | −2.2% | −17.6% |
| Net assets | $451m | $22m |
ALAI in plain words
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 51% of the fund across 79 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +25.6% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 9.1 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 ALAI 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, 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
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.
Cite this page. ETFIQ, ALAI against DRGN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/alai-vs-drgn Free to use with attribution; the underlying files are at Open data.