ETF Evaluator:
Draco Evolution AI ETF ()
Follow This ETF
(as of Aug 25)
Best Performing in Conservative Allocation Over the Last Year
| 17.9% | Draco Evolution AI ETF (DRAI) |
| 9.9% | Conservative Allocation () |
| 1.9% | Sound Enhanced Fixed Income ETF (FXED) |
Risk
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Risk
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ETF Details
Draco Evolution AI ETF Overview
Draco Evolution AI ETF (DRAI) is an actively managed Allocation Conservative Allocation exchange-traded fund (ETF). Draco Capital Partners launched the ETF in 2024.
The investment seeks long-term capital appreciation.
The fund is an actively managed non-diversified ETF that seeks to achieve its investment objective by investing in asset classes that Draco Evolution Corp., the fund’s sub-adviser believes offer the most attractive combined risk/return opportunities. The term “asset classes” generally includes, among others, U.S. equities of small-, mid- and large- capitalization companies, gold, fixed-income securities etc. The fund is non-diversified.
About Draco Evolution AI ETF (DRAI)
There are 2 members of the management team with an average tenure of 2.06 years: Jack Fu (2024) and Hung Pan (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
Draco Evolution AI ETF has 7 securities in its portfolio. The top 10 holdings constitute 100.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Draco Evolution AI ETF is part of the Allocation global asset class and is within the Allocation ETF group. Draco Evolution AI ETF has 0.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 9.1% There is 0.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 30.2% (30.2% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Draco Evolution AI ETF has 47.1% of the portfolio in cash.
Assets Under Management
The fund has $20 million in total assets, which is below the $30 million average for the Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
DRAI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Draco Evolution AI ETF expense ratio is high compared to funds in the Conservative Allocation category. Draco Evolution AI ETF has an expense ratio of 1.34%, which is 17% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Draco Evolution AI ETF has a portfolio turnover rate of 911%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 459% for the Conservative Allocation category.
Recently, in the month of July 2026, Draco Evolution AI ETF returned -4.5%, which earned it a grade of F, as the Conservative Allocation category had an average return of -2.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Draco Evolution AI ETF has a trailing yield of 1.73%, which is below the 4.46% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Draco Evolution AI ETF Grades
Year to date, the ETF has returned 9.6%, 4.7 percentage points better than the category, which translates into a grade of A. The fund has returned 17.9% over the past year (grade of A).
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DRAI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DRAI Return (NAV) | -4.5% | -0.5% | 17.9% | na | na | na |
| DRAI Return (Price) | -4.6% | -0.4% | 17.9% | na | na | na |
| NAV +/- Price Return | 0.157% | -0.034% | -0.027% | na | na | na |
| Conservative Allocation Avg | -2.5% | -0.8% | 9.9% | 5.9% | 2.3% | na |
| DRAI Grade (NAV) | F | A | A | na | na | na |
| +/- Category (NAV) | -2.0% | 0.4% | 8.0% | na | na | na |
| DRAI Tax-Cost Ratio | na | na | 0.8% | na | na | na |
DRAI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DRAI Return (NAV) | 9.6% | 33.6% | na | na | na | na | na | na | na | na | na |
| DRAI Return (Price) | 9.5% | 33.7% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.010% | 0.002% | na | na | na | na | na | na | na | na | na |
| Conservative Allocation Avg | 4.9% | 19.4% | 6.4% | 15.3% | -15.2% | 9.7% | na | na | na | na | na |
| DRAI Grade (NAV) | A | A | na | na | na | na | na | na | na | na | na |
| +/- Category | 4.7% | 14.2% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 1.7% |
| Total Assets: | $ 21 Mil |
| Share Class Assets: | $ 21 Mil |
| Turnover: | 911.0% |
| Expense Ratio: | 1.34% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 2.1 years | |||
| Average Tenure: 2.1 years | |||
| Managers (Year): Fu Jack (2024), Pan Hung (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 7 |
| % in Top 10 Holdings: | 100.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.1% |
Portfolio Allocation |
|
| Domestic Stock: | 9.1% |
| Foreign Stock: | 0.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 30.2% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 13.5% |
| Cash: | 47.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Draco Capital Partners |
| Phone Number: | 215-330-4476 |
| Website: | www.valueshares.com |
| Inception Date: | July 9, 2024 |
Expenses and Fees
| Expense Ratio (%): | 1.34% (Rating: High) |
| Category Average Expense Ratio (%): | 1.62% |
