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Data as of .

CHAT vs DRGN: which is really different?

CHAT and DRGN hold 0% of their weight in the same names, and CHAT returned more over the year.

Roundhill Generative AI & Technology ETF and Themes China Generative Artificial Intelligence ETF.

47.9%CHAT in the S&P 500
0.0%DRGN in the S&P 500
+52.0%CHAT 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?

CHAT 5.7DRGN 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

CHAT52% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
48%52%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 72% · top ten 40% of the fund · 47 holdings filed Sep 18, 2026 · Nasdaq-100: 44% in48%52%in the S&P 500outside the S&P 500active share 72% · top ten 40% 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, CHAT and DRGN hold 0% of their money in the same securities at the same weight.

Only in each
Only in CHATOnly in DRGN
NVIDIA Corp 6.92%Hygon Information Technology C 8.15%
Alphabet Inc 5.69%Montage Technology Co Ltd 7.81%
SK hynix Inc 4.40%Cambricon Technologies Corp Lt 7.46%
Microsoft Corp 3.72%Yuanjie Semiconductor Technolo 7.23%
Amazon.com Inc 3.42%Foxconn Industrial Internet Co 5.88%
ASML Holding NV 3.27%Baidu Inc 5.71%
Advanced Micro Devices Inc 3.14%IEIT Systems Co Ltd 5.68%
Micron Technology Inc 3.09%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 and Sep 18, 2026.

Performance, window by window

CHAT 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
CHATDRGNCHATDRGNCHATDRGN
3 months−12.2%−11.4%−14.5 pts−13.6 pts−9.8 pts−8.9 pts
6 months+43.6%+7.8%+25.6 pts−10.3 pts+19.4 pts−16.5 pts
1 year+52.0%−6.3%+35.5 pts−22.9 pts+30.3 pts−28.1 pts
3 years+237.0%not published+158.6 ptsnot published+138.8 ptsnot published
Since launch+256.5%+30.6%+166.8 pts+6.5 pts+138.6 pts+0.3 pts
Open the live comparison on ETFIQ
CHAT and DRGN on the same fields, as of Sep 18, 2026. Source: ETFIQ.
CHAT
Roundhill Generative AI & Technology ETF
Holds 47 stocks in artificial intelligence, 48% 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
IssuerRoundhillThemes
ThemeArtificial intelligenceArtificial intelligence
In the S&P 50047.9%0.0%
Active share vs the S&P 50072.1%100.0%
In the Nasdaq-10044.1%0.0%
Holdings4723
Top ten, share of the fund39.5%62.5%
Expense ratio0.75%0.39%
Fee for the differing part1.04%0.39%
Total return, 1 year+52.0%−6.3%
vs the S&P 500+35.5 pts−22.9 pts
vs the Nasdaq-100+30.3 pts−28.1 pts
Below its high−13.7%−17.6%
Net assets$1.8bn$22m

CHAT in plain words

By weight, 48% of CHAT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 72%. The top ten holdings are 40% of the fund across 47 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +52.0% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 35.5 pts. It sits 13.7% below its all-time high of Jun 22, 2026.

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 CHAT 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, CHAT or DRGN?
CHAT has 48% of its weight in S&P 500 names and DRGN has 0%, so DRGN differs more from the index.
Which is cheaper, CHAT or DRGN?
CHAT charges 0.75% 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.

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

How every figure is computed · Standards and sources