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Data as of Nov 4, 2026.

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Thematic ETFs

DRGN vs WISE: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, DRGN returned −15.8% to WISE's −29.1%; 4% of their weight is in the same names.

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Net assets on Nov 4, 2026: $19m for Themes China Generative Artificial Intelligence ETF and $22m for Themes Generative Artificial Intelligence ETF.

DRGN on its own →WISE on its own →
At a glance
0.0%
DRGN in the S&P 500
30.1%
WISE in the S&P 500
−15.8%
DRGN total return, 1 year
−29.1%
WISE 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.

WISE · 1 year to Nov 4, 2026 70% of its weight is outside the S&P 500
70% of its weight is outside the S&P 50030% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.30%70%in the S&P 500of its weight outside the S&P 500active share 83% · top ten 49% of the fund · 41 holdings as published by its issuer for Nov 4, 2026 · Nasdaq-100: 28% in70% of its weight is outside the S&P 50030% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.30%70%inoutside the S&P 500active share 83% · Nasdaq-100: 28% in

30% of WISE's weight is in S&P 500 companies and 70% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

WISE costs 0.04 points a year less; their one-year returns differ by 13.3 points; WISE is 1.2 times larger.

Points (pts) are percentage points.

DRGN vs WISE: Holdings Overlap & Returns
MeasureDRGNWISE
Return
Total return, 1 year−15.8%−29.1%
Drawdown
Below its all-time high30.2%, high on May 13, 202634.2%, high on Oct 15, 2025
Against its benchmark
What it tracksArtificial intelligenceArtificial intelligence
Its benchmark, total return, 1 year+15.0%+15.0%
Against its benchmark, 1 yearbehind by 30.8 ptsbehind by 44.1 pts
Cost and size
Expense ratio0.39%0.35%
Net assets$19m$22m
Holdings
Holdings in common4%

Method

What they share

4%

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

0 half 100%

half

4% in common

Positions both hold · largest shared weight first DRGN WISE
Kingsoft Cloud Holdings Ltd 4.48% 4.03%
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 WISE
Information Services Group Inc 6.06%
NVIDIA Corp 5.47%
Caris Life Sciences Inc 5.24%
Advanced Micro Devices Inc 5.21%
C3.ai Inc 5.12%
Snowflake Inc 5.01%
Palantir Technologies Inc 4.59%
Alphabet Inc 4.26%
Check overlap with more funds →

Window by window

Window by window: DRGN vs WISE: Holdings Overlap & Returns
Total returnvs its benchmark
WindowDRGNWISEDRGNWISE
3 months−23.4%−18.0%−22.1 pts vs ACWI−16.7 pts vs ACWI
6 months−24.9%−23.6%−27.5 pts vs ACWI−26.2 pts vs ACWI
1 year−15.8%−29.1%−30.8 pts vs ACWI−44.1 pts vs ACWI
Since launchNot the same days: DRGN Jul 2025 · WISE Dec 2023+10.6%+23.6%−14.3 pts vs ACWI−45.1 pts vs ACWI

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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 WISE Themes Generative Artificial Intelligence ETF · Holds 41 stocks in artificial intelligence, 30% of its weight in S&P 500 companies
Issuer Themes Themes
Theme Artificial intelligence Artificial intelligence
In the S&P 500 0.0% 30.1%
Active share vs the S&P 500 100.0% 83.3%
In the Nasdaq-100 0.0% 27.8%
Holdings 22 41
Top ten, share of the fund 61.9% 49.2%
Expense ratio 0.39% 0.35%
Fee for the differing part 0.39% 0.42%
Total return, 1 year −15.8% −29.1%
vs its benchmark −30.8 pts vs ACWI −44.1 pts vs ACWI
Below its high −30.2% −34.2%
Net assets $19m $22m

As of Nov 4, 2026. Source: ETFIQ.

4% 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.

WISE

By weight, 30% of WISE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 83%. The top ten holdings are 49% of the fund across 41 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −29.1% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 44.1 pts. It sits 34.2% below its all-time high of Oct 15, 2025.

Questions people ask

Do DRGN and WISE hold the same stocks?
By their latest filings, 4% 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 WISE?
DRGN has 0% of its weight in S&P 500 names and WISE has 30%, so DRGN differs more from the index.
Which is cheaper, DRGN or WISE?
DRGN charges 0.39% a year and WISE charges 0.35%, so WISE is cheaper. Fees come from each fund's prospectus.
Other comparisons
DRGN vs WDRNDRGN vs EPAIDRGN vs KAITDRGN vs AIUPWISE vs AIEQWISE vs AGIXWISE vs HLTHWISE vs AGIQ
Where to next
All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →DRGN on its own →WISE on its own →DRGN dividend history →DRGN holdings →WISE dividend history →WISE holdings →Method →Standards and sources →
Sources and dates
DRGN and WISE filings on SEC EDGAR ↗
DRGN and WISE prospectus with the expense ratio (SEC) ↗
Themes page for DRGN ↗
Themes page for WISE ↗

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 WISE, data as of Nov 4, 2026. https://etfiq.com/compare/themes/drgn-vs-wise

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