Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

DRGN vs JHAI: which is really different?

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

Themes China Generative Artificial Intelligence ETF and Janus Henderson Global Artificial Intelligence ETF.

0.0%DRGN in the S&P 500
71.8%JHAI in the S&P 500
−6.3%DRGN total return, 1 year
+27.2%JHAI 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 91.8JHAI 4.70.1, 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
JHAI28% of its weight is outside the S&P 500 · 1 year to Sep 18, 2026
72%28%of its weight in S&P 500 companiesoutside the S&P 500active share 70% · top ten 64% of the fund · 46 holdings filed Apr 30, 2026 · Nasdaq-100: 62% in72%28%in the S&P 500outsideactive share 70% · top ten 64% 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 JHAI hold 0% of their money in the same securities at the same weight.

Only in each
Only in DRGNOnly in JHAI
Hygon Information Technology C 8.15%Taiwan Semiconductor Manufacturing Co. L 16.38%
Montage Technology Co Ltd 7.81%NVIDIA Corp. 14.16%
Cambricon Technologies Corp Lt 7.46%Broadcom, Inc. 6.48%
Yuanjie Semiconductor Technolo 7.23%Amazon.com, Inc. 5.09%
Foxconn Industrial Internet Co 5.88%Alphabet, Inc. 4.73%
Baidu Inc 5.71%Lam Research Corp. 4.05%
IEIT Systems Co Ltd 5.68%Micron Technology, Inc. 3.71%
Kingsoft Corp Ltd 4.96%Microsoft Corp. 3.42%

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 JHAI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
DRGNJHAIDRGNJHAIDRGNJHAI
3 months−11.4%−6.7%−13.6 pts−8.9 pts−8.9 pts−4.2 pts
6 months+7.8%+31.2%−10.3 pts+13.2 pts−16.5 pts+7.0 pts
1 year−6.3%+27.2%−22.9 pts+10.7 pts−28.1 pts+5.5 pts
Since launch+30.6%+38.2%+6.5 pts+17.2 pts+0.3 pts+10.1 pts
Open the live comparison on ETFIQ
DRGN and JHAI 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
JHAI
Janus Henderson Global Artificial Intelligence ETF
Holds 46 stocks in artificial intelligence, 72% of its weight in S&P 500 companies
IssuerThemesJanus Henderson
ThemeArtificial intelligenceArtificial intelligence
In the S&P 5000.0%71.8%
Active share vs the S&P 500100.0%70.0%
In the Nasdaq-1000.0%61.6%
Holdings2346
Top ten, share of the fund62.5%63.6%
Expense ratio0.39%0.59%
Fee for the differing part0.39%0.84%
Total return, 1 year−6.3%+27.2%
vs the S&P 500−22.9 pts+10.7 pts
vs the Nasdaq-100−28.1 pts+5.5 pts
Below its high−17.6%−7.4%
Net assets$22m$21m

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.

JHAI in plain words

By weight, 72% of JHAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 70%. The top ten holdings are 64% of the fund across 46 positions, as filed for Apr 30, 2026. Over the year to Sep 18, 2026 the fund returned +27.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 10.7 pts. It sits 7.4% below its all-time high of Jun 30, 2026.

Questions people ask

Do DRGN and JHAI 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 JHAI?
DRGN has 0% of its weight in S&P 500 names and JHAI has 72%, so DRGN differs more from the index.
Which is cheaper, DRGN or JHAI?
DRGN charges 0.39% a year and JHAI charges 0.59%, 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 JHAI, 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 JHAI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/drgn-vs-jhai Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources