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Data as of Nov 4, 2026.

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Thematic ETFs

BAI vs DRGN: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, BAI returned +5.2% to DRGN's −15.8%; 0% of their weight is in the same names.

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Net assets: $11.9bn on Nov 3, 2026 for iShares A.I. Innovation and Tech Active ETF, and $19m on Nov 4, 2026 for Themes China Generative Artificial Intelligence ETF.

BAI on its own →DRGN on its own →
At a glance
51.3%
BAI in the S&P 500
0.0%
DRGN in the S&P 500
+5.2%
BAI total return, 1 year
−15.8%
DRGN total return, 1 year
BAI · 1 year to Nov 4, 2026 49% of its weight is outside the S&P 500
49% of its weight is outside the S&P 50051% of BAI's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Nov 3, 2026.51%49%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 77% · top ten 43% of the fund · 51 holdings as published by its issuer for Nov 3, 2026 · Nasdaq-100: 47% in49% of its weight is outside the S&P 50051% of BAI's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Nov 3, 2026.51%49%in the S&P 500outsideactive share 77% · Nasdaq-100: 47% in

51% of BAI's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Nov 3, 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 0.16 points a year less; their one-year returns differ by 21.0 points; BAI is far larger, $11.6bn against $19m.

Points (pts) are percentage points.

BAI vs DRGN: Holdings Overlap & Returns
MeasureBAIDRGN
Return
Total return, 1 year+5.2%−15.8%
Drawdown
Below its all-time high31.3%, high on Jun 22, 202630.2%, high on May 13, 2026
Against its benchmark
What it tracksArtificial intelligenceArtificial intelligence
Its benchmark, total return, 1 year+32.9%+15.0%
Against its benchmark, 1 yearbehind by 27.7 ptsbehind by 30.8 pts
Cost and size
Expense ratio0.55%0.39%
Net assets$11.6bn$19m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, BAI and DRGN hold 0% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first BAI DRGN
Only in one fund ↓
Only in BAI
MICRON TECHNOLOGY 6.01%
NVIDIA 5.92%
ADVANCED MICRO DEVICES 5.32%
TAIWAN SEMICONDUCTOR MANUFACTURING 5.15%
BROADCOM INC 4.64%
SPACE EXPLORATION TECHNOLOGIES COR 3.92%
LAM RESEARCH 3.45%
SNOWFLAKE 3.12%
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: BAI vs DRGN: Holdings Overlap & Returns
Total returnvs its benchmark
WindowBAIDRGNBAIDRGN
3 months−15.8%−23.4%−6.6 pts vs ARTY−22.1 pts vs ACWI
6 months−19.2%−24.9%−16.0 pts vs ARTY−27.5 pts vs ACWI
1 year+5.2%−15.8%−27.7 pts vs ARTY−30.8 pts vs ACWI
Since launchNot the same days: BAI Oct 2024 · DRGN Jul 2025+51.4%+10.6%−34.2 pts vs ARTY−14.3 pts vs ACWI

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Side by side

BAI iShares A.I. Innovation and Tech Active ETF · Holds 51 stocks in artificial intelligence, 51% 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 iShares Themes
Theme Artificial intelligence Artificial intelligence
In the S&P 500 51.3% 0.0%
Active share vs the S&P 500 76.7% 100.0%
In the Nasdaq-100 47.0% 0.0%
Holdings 51 22
Top ten, share of the fund 42.9% 61.9%
Expense ratio 0.55% 0.39%
Fee for the differing part 0.72% 0.39%
Total return, 1 year +5.2% −15.8%
vs its benchmark −27.7 pts vs ARTY −30.8 pts vs ACWI
Below its high −31.3% −30.2%
Net assets, BAI as of Nov 3, 2026 and DRGN as of Nov 4, 2026 $11.9bn $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
BAI

By weight, 51% of BAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 77%. The top ten holdings are 43% of the fund across 51 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +5.2% with distributions reinvested against +32.9% for its benchmark, the Morningstar Global Artificial Intelligence Select Index, so a holder was behind by 27.7 pts. It sits 31.3% below its all-time high of Jun 22, 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 BAI 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, BAI or DRGN?
BAI has 51% of its weight in S&P 500 names and DRGN has 0%, so DRGN differs more from the index.
Which is cheaper, BAI or DRGN?
BAI charges 0.55% a year and DRGN charges 0.39%, so DRGN is cheaper. Fees come from each fund's prospectus.
Other comparisons
BAI vs WDRNBAI vs NEWZBAI vs DRAIBAI vs JHAIDRGN vs HLTHDRGN vs EPAIDRGN vs KAITDRGN vs IGPT
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →BAI on its own →DRGN on its own →BAI dividend history →BAI holdings →DRGN dividend history →DRGN holdings →Method →Standards and sources →
Sources and dates
BAI filings on SEC EDGAR ↗
BAI prospectus with the expense ratio (SEC) ↗
iShares page for BAI ↗
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, BAI against DRGN, data as of Nov 4, 2026. https://etfiq.com/compare/themes/bai-vs-drgn

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