{
 "ticker": "DRAI",
 "name": "Draco Evolution AI ETF",
 "issuer": "Draco Evolution",
 "desk": "themes",
 "url": "https://etfiq.com/funds/drai",
 "html": "https://etfiq.com/funds/drai",
 "markdown": "https://etfiq.com/funds/drai.md",
 "as_of": "2026-09-11",
 "verdict": "DRAI holds 8 stocks, and 100% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "0.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DRAI, already in the S&P 500: 0.0%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DRAI, active share vs the S&P 500: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "100.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DRAI, top ten holdings: 100.0%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+17.3%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "DRAI, total return, 1 year: +17.3%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$24m",
   "source": "SEC filing, whole fund, as filed for May 29, 2026",
   "as_of": "2026-09-11",
   "sentence": "DRAI, net assets: $24m (SEC filing, whole fund, as filed for May 29, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.34%",
   "source": "485BPOS XBRL, Sep 23, 2025",
   "as_of": "2026-09-11",
   "sentence": "DRAI, expense ratio: 1.34% (485BPOS XBRL, Sep 23, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Artificial intelligence",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jul 10, 2024",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "100.0%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "8",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "May 29, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "ProShares UltraPro QQQ 21.1%, Direxion Daily S&P 500 Bull 3X ETF 20.9%, iShares 7-10 Year Treasury Bond ETF 17.1%, Vanguard Total Bond Market ETF 17.0%, iShares iBoxx USD High Yield Corporate Bond ETF 17.0%, ProShares UltraPro Dow30 2.3%, Direxion Daily Small Cap Bull 3X ETF 2.3%, Direxion Daily Semiconductor Bull 3X ETF 2.2%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$24m",
   "source": "SEC filing, whole fund, as filed for May 29, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22128.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.34%",
   "source": "485BPOS XBRL, Sep 23, 2025"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "1.34%",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22123.0%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22126.3 pts",
   "Gap to Nasdaq-100": "\u22122.3 pts"
  },
  {
   "window": "6 months",
   "Total return": "+11.9%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u22124.1 pts",
   "Gap to Nasdaq-100": "\u22128.8 pts"
  },
  {
   "window": "1 year",
   "Total return": "+17.3%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u22120.3 pts",
   "Gap to Nasdaq-100": "\u22125.7 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+34.9%",
   "S&P 500": "+39.4%",
   "Gap to S&P 500": "\u22124.5 pts",
   "Gap to Nasdaq-100": "\u22128.7 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of DRAI is in S&P 500 companies?",
   "a": "By its holdings filed for May 29, 2026, 0% of DRAI by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does DRAI hold?",
   "a": "8 positions as filed for May 29, 2026, with the top ten at 100% of the fund. The largest are ProShares UltraPro QQQ at 21.1%, Direxion Daily S&P 500 Bull 3X ETF at 20.9%, iShares 7-10 Year Treasury Bond ETF at 17.1%."
  },
  {
   "q": "Has DRAI beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 DRAI returned +17.3% with distributions reinvested, against +17.5% for the S&P 500, so it finished about even with the index by 0.2 points."
  },
  {
   "q": "What does DRAI cost?",
   "a": "The prospectus expense ratio is 1.34% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 1.34%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}