Data as of .
DRGN vs IVEP: which is really different?
DRGN and IVEP hold 0% of their weight in the same names.
ETFIQ Off-Index Score: DRGN 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, DRGN and IVEP hold 0% of their money in the same securities at the same weight.
| Only in DRGN | Only in IVEP |
|---|---|
| Hygon Information Technology C 8.15% | BLOOM ENERGY CORP 4.98% |
| Montage Technology Co Ltd 7.81% | QUANTA SERVICES INC 4.31% |
| Cambricon Technologies Corp Lt 7.46% | GE VERNOVA INC 4.16% |
| Yuanjie Semiconductor Technolo 7.23% | VERTIV HOLDINGS COMPANY 4.12% |
| Foxconn Industrial Internet Co 5.88% | SIEMENS ENERGY AG 4.11% |
| Baidu Inc 5.71% | EATON CORP PLC 4.07% |
| IEIT Systems Co Ltd 5.68% | NEXTERA ENERGY INC 3.94% |
| Kingsoft Corp Ltd 4.96% | 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 Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| DRGN | IVEP | DRGN | IVEP | DRGN | IVEP | |
| 3 months | −11.4% | −11.8% | −13.6 pts | −14.0 pts | −8.9 pts | −9.3 pts |
| 6 months | +7.8% | not published | −10.3 pts | not published | −16.5 pts | not published |
| 1 year | −6.3% | not published | −22.9 pts | not published | −28.1 pts | not published |
| Since launch | +30.6% | −2.5% | +6.5 pts | −15.7 pts | +0.3 pts | −21.7 pts |
| DRGN Themes China Generative Artificial Intelligence ETF Holds 23 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 | Themes | 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 | 23 | 30 |
| Top ten, share of the fund | 62.5% | 41.4% |
| Expense ratio | 0.39% | 0.75% |
| Fee for the differing part | 0.39% | 0.77% |
| Total return, 1 year | −6.3% | −2.5% (since launch on Apr 8, 2026) |
| vs the S&P 500 | −22.9 pts | −15.7 pts |
| vs the Nasdaq-100 | −28.1 pts | −21.7 pts |
| Below its high | −17.6% | −13.0% |
| Net assets | $22m | $9m |
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.
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 DRGN 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, DRGN or IVEP?
- DRGN has 0% of its weight in S&P 500 names and IVEP has 71%, so DRGN differs more from the index.
- Which is cheaper, DRGN or IVEP?
- DRGN charges 0.39% a year and IVEP charges 0.75%, 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.
Cite this page. ETFIQ, DRGN against IVEP, data as of Sep 18, 2026. https://etfiq.com/compare/themes/drgn-vs-ivep Free to use with attribution; the underlying files are at Open data.