Ranked by active share against the S&P 500, latest holdings filing, as of . Rebuilt every trading night.
The thematic ETFs least like the S&P 500
Different is not better. It is how much of the fund a holder did not already own through the index.
| # | Ticker | Fund | Theme | Active share | In the S&P 500 | Total return 1Y | vs S&P 500 |
|---|---|---|---|---|---|---|---|
| 1 | DRAI | Draco Evolution AI ETF | Artificial intelligence | 100.0% | 0.0% | +21.7% | +1.7 pts |
| 2 | DRGN | Themes China Generative Artificial Intelligence ETF | Artificial intelligence | 100.0% | 0.0% | +12.3% | −7.6 pts |
| 3 | GXDW | Global X Dorsey Wright Thematic ETF | Broad innovation and megatrends | 100.0% | 0.0% | −7.2% | −27.2 pts |
| 4 | LFSC | F/m Emerald Life Sciences Innovation ETF | Broad innovation and megatrends | 100.0% | 0.0% | +61.7% | +41.7 pts |
| 5 | CNBS | Amplify Seymour Cannabis ETF | Cannabis | 100.0% | 0.0% | +3.3% | −16.6 pts |
| 6 | MSOS | AdvisorShares Pure US Cannabis ETF | Cannabis | 100.0% | 0.0% | +11.6% | −8.4 pts |
| 7 | WEED | Roundhill Cannabis ETF | Cannabis | 100.0% | 0.0% | +14.2% | −5.7 pts |
| 8 | ICLN | iShares Global Clean Energy ETF | Clean energy | 100.0% | 7.2% | +25.3% | +5.3 pts |
| 9 | KGRN | KraneShares MSCI China Clean Technology Index ETF | Clean energy | 100.0% | 0.0% | −18.7% | −38.6 pts |
| 10 | RNRG | Global X Renewable Energy Producers ETF | Clean energy | 100.0% | 0.0% | +15.5% | −4.4 pts |
| 11 | TAN | Invesco Solar ETF | Clean energy | 100.0% | 11.7% | +14.3% | −5.6 pts |
| 12 | EUAD | Select STOXX Europe Aerospace & Defense ETF | Defense | 100.0% | 0.0% | +4.2% | −15.8 pts |
| 13 | KDEF | PLUS Korea Defense Industry Index ETF | Defense | 100.0% | 0.0% | +1.2% | −18.8 pts |
| 14 | WDAF | WisdomTree Asia Defense Fund | Defense | 100.0% | 0.0% | not published | not available |
| 15 | WDEF | WisdomTree Europe Defense Fund | Defense | 100.0% | 0.0% | +0.8% | −19.1 pts |
Method
Active share is one hundred minus the weight overlap with the S&P 500 book, computed by ETFIQ from filed holdings. The ranking is the published field sorted, nothing else: no scoring, no weighting and no view on any fund. Every fund ETFIQ covers in this category is eligible, including funds that have closed, because leaving them out would flatter the category.
Where to next
A ranking is not a recommendation and no order on this site is an opinion. ETFIQ is an independent publisher, not an adviser. Standards and sources
Cite this page. ETFIQ, The thematic ETFs least like the S&P 500, ranked by active share against the S&P 500, data as of Sep 4, 2026. https://etfiq.com/rankings/themes-least-index.html Free to use with attribution; the underlying files are at Open data.