CESG.L vs. FDNU.L
CESG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc) and FDNU.L (First Trust Dow Jones Internet UCITS ETF Class A USD) are both exchange-traded funds - CESG.L is a ESG fund actively managed by First Trust, while FDNU.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. CESG.L is actively managed, while FDNU.L is passively managed. Over the past 5 years, CESG.L returned 5.33%/yr vs 2.81%/yr for FDNU.L. At a 0.47 correlation, their price movements are largely independent. CESG.L charges 0.75%/yr vs 0.55%/yr for FDNU.L.
Performance
CESG.L vs. FDNU.L - Performance Comparison
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Returns By Period
In the year-to-date period, CESG.L achieves a 2.70% return, which is significantly higher than FDNU.L's 2.19% return.
CESG.L
- 1D
- 0.11%
- 1M
- 2.28%
- 6M
- 2.77%
- YTD
- 2.70%
- 1Y
- 5.82%
- 3Y*
- 9.53%
- 5Y*
- 5.33%
- 10Y*
- —
FDNU.L
- 1D
- 0.42%
- 1M
- 1.84%
- 6M
- 4.57%
- YTD
- 2.19%
- 1Y
- 3.69%
- 3Y*
- 17.19%
- 5Y*
- 2.81%
- 10Y*
- —
CESG.L vs. FDNU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CESG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc | 2.70% | 11.47% | 9.71% | 12.32% | -13.97% | 23.33% |
FDNU.L First Trust Dow Jones Internet UCITS ETF Class A USD | 2.19% | 9.74% | 30.54% | 54.48% | -46.64% | 6.72% |
Correlation
The correlation between CESG.L and FDNU.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.47 |
Over the past year, the correlation between CESG.L and FDNU.L has dropped to 0.25 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
CESG.L vs. FDNU.L — Risk / Return Rank
CESG.L
FDNU.L
CESG.L vs. FDNU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) and First Trust Dow Jones Internet UCITS ETF Class A USD (FDNU.L). 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.
| CESG.L | FDNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.05 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.18 | +0.37 |
| Martin ratioReturn relative to average drawdown | 1.42 | 0.43 | +1.00 |
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Drawdowns
CESG.L vs. FDNU.L - Drawdown Comparison
The maximum CESG.L drawdown since its inception was -22.69%, smaller than the maximum FDNU.L drawdown of -54.01%. Use the drawdown chart below to compare losses from any high point for CESG.L and FDNU.L.
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Drawdown Indicators
| CESG.L | FDNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.69% | -54.01% | +31.32% |
Max Drawdown (1Y)Largest decline over 1 year | -8.81% | -20.59% | +11.78% |
Max Drawdown (3Y)Largest decline over 3 years | -10.31% | -25.77% | +15.46% |
Max Drawdown (5Y)Largest decline over 5 years | -22.69% | -54.01% | +31.32% |
Current DrawdownCurrent decline from peak | -1.54% | -4.26% | +2.72% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -16.12% | +10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.41% | 8.66% | -5.25% |
Volatility
CESG.L vs. FDNU.L - Volatility Comparison
The current volatility for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A USD Acc (CESG.L) is 3.44%, while First Trust Dow Jones Internet UCITS ETF Class A USD (FDNU.L) has a volatility of 7.35%. This indicates that CESG.L experiences smaller price fluctuations and is considered to be less risky than FDNU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CESG.L | FDNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 7.35% | -3.91% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 17.17% | -9.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.97% | 20.72% | -10.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.62% | 26.31% | -13.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.53% | 26.04% | -13.51% |
CESG.L vs. FDNU.L - Expense Ratio Comparison
CESG.L has a 0.75% expense ratio, which is higher than FDNU.L's 0.55% expense ratio.
Dividends
CESG.L vs. FDNU.L - Dividend Comparison
Neither CESG.L nor FDNU.L has paid dividends to shareholders.
Frequently Asked Questions
CESG.L and FDNU.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FDNU.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FDNU.L is cheaper with a 0.55% expense ratio, compared with 0.75% for CESG.L.
CESG.L is categorized as ESG, while FDNU.L is Technology Equities. Their fees differ too: 0.75% for CESG.L and 0.55% for FDNU.L.
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