If we look at two objects that are identical except for mass we can compare.
Lets say the more massive object has mass M, and the lighter object is mass m = 0.5M.
Just looking at vertical forces. We can also state that the drag forces will be identical, since it is not based on mass, so drag force = D.
Massive
F = MA = Fd + Fg = D - Mg
Ma = D - Mg
A = (D - Mg)/M = (D/M) - g
From that calculation we know the acceleration of the lighter object is a = (D/m) - g
a = (D/m) - g = (D/0.5M) - g = (2D/M) - g
So more massive object A = (D/M) - g < a = (2D/M) - g
Therefore we know the lighter object is feeling a more positive upwards force (or less force downwards).
Since the lighter object has less downwards force, it experiences less downwards acceleration.