Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

DRGN vs EPAI: which is really different?

DRGN and EPAI hold 0% of their weight in the same names.

Themes China Generative Artificial Intelligence ETF and Harbor AI Inflection Strategy ETF.

0.0%DRGN in the S&P 500
58.0%EPAI in the S&P 500
−6.3%DRGN total return, 1 year
+33.6%EPAI 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?

DRGN 91.8EPAI 34.30.1, 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

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
EPAI42% of its weight is outside the S&P 500 · 6 months to Sep 18, 2026
58%42%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 96% · top ten 38% of the fund · 37 holdings filed Apr 30, 2026 · Nasdaq-100: 19% in58%42%in the S&P 500outsideactive share 96% · top ten 38% 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, DRGN and EPAI hold 0% of their money in the same securities at the same weight.

Only in each
Only in DRGNOnly in EPAI
Hygon Information Technology C 8.15%Vertiv Holdings Co 4.76%
Montage Technology Co Ltd 7.81%Teradyne Inc 4.25%
Cambricon Technologies Corp Lt 7.46%FormFactor Inc 3.98%
Yuanjie Semiconductor Technolo 7.23%MasTec Inc 3.82%
Foxconn Industrial Internet Co 5.88%Applied Materials Inc 3.65%
Baidu Inc 5.71%Monolithic Power Systems Inc 3.61%
IEIT Systems Co Ltd 5.68%Taiwan Semiconductor Manufacturing Co Lt 3.61%
Kingsoft Corp Ltd 4.96%Everus Construction Group Inc 3.48%

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 Jun 30, 2026.

Performance, window by window

DRGN and EPAI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
DRGNEPAIDRGNEPAIDRGNEPAI
3 months−11.4%−13.1%−13.6 pts−15.3 pts−8.9 pts−10.6 pts
6 months+7.8%+19.2%−10.3 pts+1.2 pts−16.5 pts−5.0 pts
1 year−6.3%not published−22.9 ptsnot published−28.1 ptsnot published
Since launch+30.6%+33.6%+6.5 pts+19.8 pts+0.3 pts+14.8 pts
Open the live comparison on ETFIQ
DRGN and EPAI on the same fields, as of Sep 18, 2026. Source: ETFIQ.
DRGN
Themes China Generative Artificial Intelligence ETF
Holds 23 stocks in artificial intelligence, 0% of its weight in S&P 500 companies
EPAI
Harbor AI Inflection Strategy ETF
Holds 37 stocks in artificial intelligence, 58% of its weight in S&P 500 companies
IssuerThemesHarbor
ThemeArtificial intelligenceArtificial intelligence
In the S&P 5000.0%58.0%
Active share vs the S&P 500100.0%95.5%
In the Nasdaq-1000.0%19.0%
Holdings2337
Top ten, share of the fund62.5%37.9%
Expense ratio0.39%0.88%
Fee for the differing part0.39%0.92%
Total return, 1 year−6.3%+33.6% (since launch on Dec 18, 2025)
vs the S&P 500−22.9 pts+19.8 pts
vs the Nasdaq-100−28.1 pts+14.8 pts
Below its high−17.6%−16.8%
Net assets$22m$5m

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.

EPAI in plain words

By weight, 58% of EPAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 38% of the fund across 37 positions, as filed for Apr 30, 2026. Since it launched on Dec 18, 2025 the fund returned +33.6% with distributions reinvested against +13.8% for the S&P 500, so a holder was ahead by 19.8 pts. It sits 16.8% below its all-time high of Jun 30, 2026.

Questions people ask

Do DRGN and EPAI 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, DRGN or EPAI?
DRGN has 0% of its weight in S&P 500 names and EPAI has 58%, so DRGN differs more from the index.
Which is cheaper, DRGN or EPAI?
DRGN charges 0.39% a year and EPAI charges 0.88%, 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.

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

How every figure is computed · Standards and sources