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Data as of .

DRAI vs DRGN: which is really different?

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

Draco Evolution AI ETF and Themes China Generative Artificial Intelligence ETF.

0.0%DRAI in the S&P 500
0.0%DRGN in the S&P 500
+15.8%DRAI total return, 1 year
−6.3%DRGN total return, 1 year

ETFIQ Off-Index Score: DRAI scores higher

How much of it is not the index it is sold as an alternative to?

DRAI 91.8DRGN 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

DRAI100% 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 100% of the fund · 8 holdings filed May 29, 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 100% 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, DRAI and DRGN hold 0% of their money in the same securities at the same weight.

Only in each
Only in DRAIOnly in DRGN
ProShares UltraPro QQQ 21.14%Hygon Information Technology C 8.15%
Direxion Daily S&P 500 Bull 3X ETF 20.90%Montage Technology Co Ltd 7.81%
iShares 7-10 Year Treasury Bond ETF 17.05%Cambricon Technologies Corp Lt 7.46%
Vanguard Total Bond Market ETF 17.04%Yuanjie Semiconductor Technolo 7.23%
iShares iBoxx USD High Yield Corporate B 17.03%Foxconn Industrial Internet Co 5.88%
ProShares UltraPro Dow30 2.33%Baidu Inc 5.71%
Direxion Daily Small Cap Bull 3X ETF 2.27%IEIT Systems Co Ltd 5.68%
Direxion Daily Semiconductor Bull 3X ETF 2.24%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 May 29, 2026.

Performance, window by window

DRAI 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
DRAIDRGNDRAIDRGNDRAIDRGN
3 months−4.5%−11.4%−6.8 pts−13.6 pts−2.0 pts−8.9 pts
6 months+14.8%+7.8%−3.3 pts−10.3 pts−9.5 pts−16.5 pts
1 year+15.8%−6.3%−0.8 pts−22.9 pts−6.0 pts−28.1 pts
Since launch+35.8%+30.6%−3.5 pts+6.5 pts−9.1 pts+0.3 pts
Open the live comparison on ETFIQ
DRAI and DRGN on the same fields, as of Sep 18, 2026. Source: ETFIQ.
DRAI
Draco Evolution AI ETF
Holds 8 stocks in artificial intelligence, 0% 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
IssuerDraco EvolutionThemes
ThemeArtificial intelligenceArtificial intelligence
In the S&P 5000.0%0.0%
Active share vs the S&P 500100.0%100.0%
In the Nasdaq-1000.0%0.0%
Holdings823
Top ten, share of the fund100.0%62.5%
Expense ratio1.34%0.39%
Fee for the differing part1.34%0.39%
Total return, 1 year+15.8%−6.3%
vs the S&P 500−0.8 pts−22.9 pts
vs the Nasdaq-100−6.0 pts−28.1 pts
Below its high−7.6%−17.6%
Net assets$24m$22m

DRAI in plain words

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 100% of the fund across 8 positions, as filed for May 29, 2026. Over the year to Sep 18, 2026 the fund returned +15.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 0.8 pts. It sits 7.6% below its all-time high of Jun 2, 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 DRAI 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, DRAI or DRGN?
DRAI has 0% of its weight in S&P 500 names and DRGN has 0%, so DRAI differs more from the index.
Which is cheaper, DRAI or DRGN?
DRAI charges 1.34% 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.

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

How every figure is computed · Standards and sources