BLCK.TO vs. FDN.TO

Last updated Jul 17, 2026

BLCK.TO (First Trust Indxx Innovative Transaction and Process ETF) and FDN.TO (First Trust Dow Jones Internet ETF) are both exchange-traded funds - BLCK.TO is a Blockchain fund tracking the Indxx Blockchain Index, while FDN.TO is a Technology Equities fund tracking the Dow Jones Internet Composite Index. Both are passively managed. Over the past 5 years, BLCK.TO returned 13.51%/yr vs 4.92%/yr for FDN.TO. At a 0.28 correlation, their price movements are largely independent.

Performance

BLCK.TO vs. FDN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO) and First Trust Dow Jones Internet ETF (FDN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BLCK.TO achieves a 10.84% return, which is significantly higher than FDN.TO's 4.51% return.

BLCK.TO

• 1D: -0.20%
• 1M: -2.44%
• 6M: 7.03%
• YTD: 10.84%
• 1Y: 24.82%
• 3Y*: 22.57%
• 5Y*: 13.51%
• 10Y*: —

FDN.TO

• 1D: 0.35%
• 1M: 2.40%
• 6M: 5.35%
• YTD: 4.51%
• 1Y: 6.66%
• 3Y*: 19.77%
• 5Y*: 4.92%
• 10Y*: 3.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BLCK.TO vs. FDN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BLCK.TO First Trust Indxx Innovative Transaction and Process ETF	10.84%	24.94%	25.85%	18.34%	-14.89%	18.96%	13.50%	26.93%	-6.92%
FDN.TO First Trust Dow Jones Internet ETF	4.51%	5.45%	41.28%	49.01%	-43.35%	-5.63%	6.27%	15.99%	-6.22%

Correlation

The correlation between BLCK.TO and FDN.TO is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018	0.28

The correlation between BLCK.TO and FDN.TO shifts across timeframes, from 0.23 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BLCK.TO vs. FDN.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BLCK.TO

BLCK.TO Risk / Return Rank: 67
BLCK.TO Sharpe Ratio Rank: 69
BLCK.TO Sortino Ratio Rank: 67
BLCK.TO Omega Ratio Rank: 67
BLCK.TO Calmar Ratio Rank: 67
BLCK.TO Martin Ratio Rank: 67

FDN.TO

FDN.TO Risk / Return Rank: 14
FDN.TO Sharpe Ratio Rank: 15
FDN.TO Sortino Ratio Rank: 14
FDN.TO Omega Ratio Rank: 15
FDN.TO Calmar Ratio Rank: 14
FDN.TO Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BLCK.TO vs. FDN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO) and First Trust Dow Jones Internet ETF (FDN.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BLCK.TO	FDN.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.77	0.33	+1.44
Sortino ratio: Return per unit of downside risk	2.47	0.58	+1.89
Omega ratio: Gain probability vs. loss probability	1.32	1.08	+0.25
Calmar ratio: Return relative to maximum drawdown	2.67	0.30	+2.37
Martin ratio: Return relative to average drawdown	9.50	0.68	+8.82

BLCK.TO vs. FDN.TO - Sharpe Ratio Comparison

The current BLCK.TO Sharpe Ratio is 1.77, which is higher than the FDN.TO Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of BLCK.TO and FDN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BLCK.TO vs. FDN.TO - Drawdown Comparison

The maximum BLCK.TO drawdown since its inception was -26.29%, smaller than the maximum FDN.TO drawdown of -50.44%. Use the drawdown chart below to compare losses from any high point for BLCK.TO and FDN.TO.

Drawdown Indicators

	BLCK.TO	FDN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-26.29%	-50.44%	+24.15%
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	-21.40%	+12.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.88%	-26.31%	+11.43%
Max Drawdown (5Y) Largest decline over 5 years	-24.67%	-50.44%	+25.77%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.44%	—
Current Drawdown Current decline from peak	-2.63%	-3.22%	+0.59%
Average Drawdown Average peak-to-trough decline	-5.01%	-10.74%	+5.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	9.44%	-6.81%

Volatility

BLCK.TO vs. FDN.TO - Volatility Comparison

The current volatility for First Trust Indxx Innovative Transaction and Process ETF (BLCK.TO) is 3.52%, while First Trust Dow Jones Internet ETF (FDN.TO) has a volatility of 5.14%. This indicates that BLCK.TO experiences smaller price fluctuations and is considered to be less risky than FDN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLCK.TO	FDN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	5.14%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	16.42%	-4.10%
Volatility (1Y) Calculated over the trailing 1-year period	14.14%	19.77%	-5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.36%	26.12%	-11.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.04%	21.15%	-5.11%

Dividends

BLCK.TO vs. FDN.TO - Dividend Comparison

BLCK.TO's dividend yield for the trailing twelve months is around 1.22%, while FDN.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLCK.TO First Trust Indxx Innovative Transaction and Process ETF	1.22%	1.44%	1.45%	1.65%	3.16%	1.26%	0.25%	2.43%	0.87%	0.00%	0.00%	0.00%
FDN.TO First Trust Dow Jones Internet ETF	0.00%	0.00%	0.00%	0.00%	0.00%	1.65%	5.69%	1.47%	1.40%	1.76%	1.51%	1.50%

Frequently Asked Questions

Can I hold both BLCK.TO and FDN.TO in my portfolio?

BLCK.TO and FDN.TO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between BLCK.TO and FDN.TO?

BLCK.TO is categorized as Blockchain, while FDN.TO is Technology Equities. BLCK.TO tracks Indxx Blockchain Index, while FDN.TO tracks Dow Jones Internet Composite Index.