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Data as of Nov 4, 2026.

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Thematic ETFs

DRGN vs TCAI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, DRGN returned −15.8% to TCAI's +7.5%; 0% of their weight is in the same names.

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Net assets: $19m on Nov 4, 2026 for Themes China Generative Artificial Intelligence ETF, and $230m on Aug 31, 2026 for Tortoise AI Infrastructure ETF.

DRGN on its own →TCAI on its own →
At a glance
0.0%
DRGN in the S&P 500
60.4%
TCAI in the S&P 500
−15.8%
DRGN total return, 1 year
+7.5%
TCAI total return, 1 year
DRGN · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500
100% of its weight is outside the S&P 5000% of DRGN's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · top ten 62% of the fund · 22 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 0% in100% of its weight is outside the S&P 5000% of DRGN's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.0%100%0% of its weight in S&P 500 companiesof its weight outside the S&P 500active share 100% · Nasdaq-100: 0% in

0% of DRGN's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.

TCAI · 1 year to Nov 4, 2026 40% of its weight is outside the S&P 500
40% of its weight is outside the S&P 50060% of TCAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Aug 31, 2026.60%40%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 93% · top ten 43% of the fund · 46 holdings as filed for Aug 31, 2026 · Nasdaq-100: 26% in40% of its weight is outside the S&P 50060% of TCAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Aug 31, 2026.60%40%in the S&P 500outsideactive share 93% · Nasdaq-100: 26% in

60% of TCAI's weight is in S&P 500 companies and 40% is outside the index. Holdings as of Aug 31, 2026.

Pair scorecard

DRGN costs 0.26 points a year less; their one-year returns differ by 23.3 points.

Points (pts) are percentage points.

DRGN vs TCAI: Holdings Overlap & Returns
MeasureDRGNTCAI
Return
Total return, 1 year−15.8%+7.5%
Drawdown
Below its all-time high30.2%, high on May 13, 202639.3%, high on Jun 22, 2026
Against its benchmark
What it tracksArtificial intelligenceAI infrastructure and chips
Its benchmark, total return, 1 year+15.0%
Against its benchmark, 1 yearbehind by 30.8 pts
Cost and size
Expense ratio0.39%0.65%
Net assets, DRGN as of Nov 4, 2026 and TCAI as of Aug 31, 2026$19m$230m
Holdings
Holdings in common0%

Method

What they share

0%

By the books each fund has filed, DRGN and TCAI hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first DRGN TCAI
Only in one fund ↓
Only in DRGN
Xiaomi Corp 8.12%
Montage Technology Co Ltd 7.04%
Cambricon Technologies Corp Ltd 6.22%
Baidu Inc 6.08%
Hygon Information Technology Co Ltd 6.06%
Iflytek Co Ltd 5.92%
Kingsoft Corp Ltd 5.81%
Foxconn Industrial Internet Co Ltd 5.60%
Only in TCAI
Dell Technologies Inc 6.37%
Vertiv Holdings Co 5.59%
Micron Technology Inc 5.29%
Sandisk Corp 4.25%
Ciena Corp 4.01%
Seagate Technology Holdings PL 3.83%
Quanta Services Inc 3.64%
nVent Electric PLC 3.42%
Check overlap with more funds →

Window by window

Window by window: DRGN vs TCAI: Holdings Overlap & Returns
Total returnvs its benchmark
WindowDRGNTCAIDRGNTCAI
3 months−23.4%−25.9%−22.1 pts vs ACWInot measured
6 months−24.9%−28.8%−27.5 pts vs ACWInot measured
1 year−15.8%+7.5%−30.8 pts vs ACWInot measured
Since launchNot the same days: DRGN Jul 2025 · TCAI Aug 2025+10.6%+40.4%−14.3 pts vs ACWInot measured

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Side by side

DRGN Themes China Generative Artificial Intelligence ETF · Holds 22 stocks in artificial intelligence, 0% of its weight in S&P 500 companies TCAI Tortoise AI Infrastructure ETF · Holds 46 stocks in aI infrastructure and chips, 60% of its weight in S&P 500 companies
Issuer Themes Tortoise
Theme Artificial intelligence AI infrastructure and chips
In the S&P 500 0.0% 60.4%
Active share vs the S&P 500 100.0% 93.3%
In the Nasdaq-100 0.0% 25.7%
Holdings 22 46
Top ten, share of the fund 61.9% 42.6%
Expense ratio 0.39% 0.65%
Fee for the differing part 0.39% 0.70%
Total return, 1 year −15.8% +7.5%
vs its benchmark −30.8 pts vs ACWI not measured
Below its high −30.2% −39.3%
Net assets, DRGN as of Nov 4, 2026 and TCAI as of Aug 31, 2026 $19m $230m

As of Nov 4, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

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About each fund
DRGN

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 22 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −15.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Net Total Return Index, so a holder was behind by 30.8 pts. It sits 30.2% below its all-time high of May 13, 2026.

TCAI

By weight, 60% of TCAI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 43% of the fund across 46 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned +7.5% with distributions reinvested. It sits 39.3% below its all-time high of Jun 22, 2026.

Questions people ask

Do DRGN and TCAI hold the same stocks?
By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, DRGN or TCAI?
DRGN has 0% of its weight in S&P 500 names and TCAI has 60%, so DRGN differs more from the index.
Which is cheaper, DRGN or TCAI?
DRGN charges 0.39% a year and TCAI charges 0.65%, so DRGN is cheaper. Fees come from each fund's prospectus.
Other comparisons
DRGN vs IVEPDRGN vs AIHYDRGN vs AINFDRGN vs CHPXTCAI vs AGIQTCAI vs AIFDTCAI vs AGIXTCAI vs AIX
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →DRGN on its own →TCAI on its own →DRGN dividend history →DRGN holdings →TCAI dividend history →TCAI holdings →Method →Standards and sources →
Sources and dates
DRGN filings on SEC EDGAR ↗
DRGN prospectus with the expense ratio (SEC) ↗
Themes page for DRGN ↗
TCAI filings on SEC EDGAR ↗
TCAI prospectus with the expense ratio (SEC) ↗
Tortoise website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, DRGN against TCAI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/drgn-vs-tcai

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.