Data as of .
DRAI vs IVEP: which is really different?
DRAI and IVEP hold 0% of their weight in the same names.
ETFIQ Off-Index Score: DRAI 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, DRAI and IVEP hold 0% of their money in the same securities at the same weight.
| Only in DRAI | Only in IVEP |
|---|---|
| ProShares UltraPro QQQ 21.14% | BLOOM ENERGY CORP 4.98% |
| Direxion Daily S&P 500 Bull 3X ETF 20.90% | QUANTA SERVICES INC 4.31% |
| iShares 7-10 Year Treasury Bond ETF 17.05% | GE VERNOVA INC 4.16% |
| Vanguard Total Bond Market ETF 17.04% | VERTIV HOLDINGS COMPANY 4.12% |
| iShares iBoxx USD High Yield Corporate B 17.03% | SIEMENS ENERGY AG 4.11% |
| ProShares UltraPro Dow30 2.33% | EATON CORP PLC 4.07% |
| Direxion Daily Small Cap Bull 3X ETF 2.27% | NEXTERA ENERGY INC 3.94% |
| Direxion Daily Semiconductor Bull 3X ETF 2.24% | SCHNEIDER ELECTRIC SE 3.91% |
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 Apr 30, 2026 and May 29, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| DRAI | IVEP | DRAI | IVEP | DRAI | IVEP | |
| 3 months | −4.5% | −11.8% | −6.8 pts | −14.0 pts | −2.0 pts | −9.3 pts |
| 6 months | +14.8% | not published | −3.3 pts | not published | −9.5 pts | not published |
| 1 year | +15.8% | not published | −0.8 pts | not published | −6.0 pts | not published |
| Since launch | +35.8% | −2.5% | −3.5 pts | −15.7 pts | −9.1 pts | −21.7 pts |
| DRAI Draco Evolution AI ETF Holds 8 stocks in artificial intelligence, 0% of its weight in S&P 500 companies | IVEP Dan IVES Wedbush AI Power & Infrastructure ETF Holds 30 stocks in aI infrastructure and chips, 71% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Draco Evolution | Wedbush |
| Theme | Artificial intelligence | AI infrastructure and chips |
| In the S&P 500 | 0.0% | 71.2% |
| Active share vs the S&P 500 | 100.0% | 97.0% |
| In the Nasdaq-100 | 0.0% | 11.3% |
| Holdings | 8 | 30 |
| Top ten, share of the fund | 100.0% | 41.4% |
| Expense ratio | 1.34% | 0.75% |
| Fee for the differing part | 1.34% | 0.77% |
| Total return, 1 year | +15.8% | −2.5% (since launch on Apr 8, 2026) |
| vs the S&P 500 | −0.8 pts | −15.7 pts |
| vs the Nasdaq-100 | −6.0 pts | −21.7 pts |
| Below its high | −7.6% | −13.0% |
| Net assets | $24m | $9m |
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.
IVEP in plain words
By weight, 71% of IVEP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 41% of the fund across 30 positions, as filed for Apr 30, 2026. Since it launched on Apr 8, 2026 the fund returned −2.5% with distributions reinvested against +13.2% for the S&P 500, so a holder was behind by 15.7 pts. It sits 13.0% below its all-time high of May 6, 2026.
Questions people ask
- Do DRAI and IVEP 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 IVEP?
- DRAI has 0% of its weight in S&P 500 names and IVEP has 71%, so DRAI differs more from the index.
- Which is cheaper, DRAI or IVEP?
- DRAI charges 1.34% a year and IVEP charges 0.75%, so IVEP 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, DRAI against IVEP, data as of Sep 18, 2026. https://etfiq.com/compare/themes/drai-vs-ivep Free to use with attribution; the underlying files are at Open data.