EMQQ vs. FDNI

Last updated Jun 23, 2026

EMQQ (EMQQ The Emerging Markets Internet ETF) and FDNI (First Trust Dow Jones International Internet ETF) are both exchange-traded funds - EMQQ is a Emerging Markets Equities fund tracking the EMQQ The Emerging Markets Internet Index, while FDNI is a Large Cap Growth Equities fund tracking the Dow Jones International Internet Index. Both are passively managed. Over the past 5 years, EMQQ returned -11.78%/yr vs -10.56%/yr for FDNI. Their correlation of 0.86 suggests significant overlap in exposure. EMQQ charges 0.86%/yr vs 0.65%/yr for FDNI.

Performance

EMQQ vs. FDNI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EMQQ The Emerging Markets Internet ETF (EMQQ) and First Trust Dow Jones International Internet ETF (FDNI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMQQ achieves a -22.37% return, which is significantly higher than FDNI's -24.04% return.

EMQQ

• 1D: -0.95%
• 1M: -3.21%
• YTD: -22.37%
• 6M: -22.26%
• 1Y: -19.00%
• 3Y*: 4.31%
• 5Y*: -11.78%
• 10Y*: 4.55%

FDNI

• 1D: -1.84%
• 1M: -5.35%
• YTD: -24.04%
• 6M: -24.82%
• 1Y: -19.73%
• 3Y*: 5.66%
• 5Y*: -10.56%
• 10Y*: —

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

EMQQ vs. FDNI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EMQQ EMQQ The Emerging Markets Internet ETF	-22.37%	20.66%	13.79%	4.48%	-30.70%	-32.53%	80.45%	33.86%	-8.65%
FDNI First Trust Dow Jones International Internet ETF	-24.04%	25.64%	22.46%	1.78%	-38.38%	-20.59%	85.27%	38.38%	-8.39%

Correlation

The correlation between EMQQ and FDNI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Nov 7, 2018	0.86

The correlation between EMQQ and FDNI has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

EMQQ vs. FDNI - Sectors Allocation Comparison

Sectors	EMQQ	FDNI
Consumer Cyclical	33.1%	42.4%
Technology	8.2%	17.0%
Communication Services	6.8%	35.6%
Financial Services	3.6%	4.5%
Real Estate	2.7%	0.7%
Utilities	0.4%	-
Industrials	0.3%	-
Consumer Defensive	0.2%	-
Healthcare	0.0%	0.6%
Basic Materials	-	-
Energy	-	-

Return for Risk

EMQQ vs. FDNI — Risk / Return Rank

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

EMQQ

EMQQ Risk / Return Rank: 3
EMQQ Sharpe Ratio Rank: 2
EMQQ Sortino Ratio Rank: 2
EMQQ Omega Ratio Rank: 2
EMQQ Calmar Ratio Rank: 4
EMQQ Martin Ratio Rank: 3

FDNI

FDNI Risk / Return Rank: 3
FDNI Sharpe Ratio Rank: 3
FDNI Sortino Ratio Rank: 3
FDNI Omega Ratio Rank: 3
FDNI Calmar Ratio Rank: 4
FDNI Martin Ratio Rank: 4

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.

EMQQ vs. FDNI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EMQQ The Emerging Markets Internet ETF (EMQQ) and First Trust Dow Jones International Internet ETF (FDNI). 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.

	EMQQ	FDNI	Difference
Sharpe ratio: Return per unit of total volatility	-0.92	-0.82	-0.10
Sortino ratio: Return per unit of downside risk	-1.26	-1.07	-0.20
Omega ratio: Gain probability vs. loss probability	0.86	0.88	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.60	-0.57	-0.03
Martin ratio: Return relative to average drawdown	-1.16	-1.06	-0.10

EMQQ vs. FDNI - Sharpe Ratio Comparison

The current EMQQ Sharpe Ratio is -0.92, which is comparable to the FDNI Sharpe Ratio of -0.82. The chart below compares the historical Sharpe Ratios of EMQQ and FDNI, 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

EMQQ vs. FDNI - Drawdown Comparison

The maximum EMQQ drawdown since its inception was -73.24%, roughly equal to the maximum FDNI drawdown of -71.08%. Use the drawdown chart below to compare losses from any high point for EMQQ and FDNI.

Drawdown Indicators

	EMQQ	FDNI	Difference
Max Drawdown Largest peak-to-trough decline	-73.24%	-71.08%	-2.16%
Max Drawdown (1Y) Largest decline over 1 year	-31.56%	-34.59%	+3.03%
Max Drawdown (3Y) Largest decline over 3 years	-31.56%	-34.59%	+3.03%
Max Drawdown (5Y) Largest decline over 5 years	-66.31%	-65.86%	-0.45%
Max Drawdown (10Y) Largest decline over 10 years	-73.24%	—	—
Current Drawdown Current decline from peak	-59.11%	-53.01%	-6.10%
Average Drawdown Average peak-to-trough decline	-31.46%	-34.64%	+3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.43%	18.65%	-2.22%

Volatility

EMQQ vs. FDNI - Volatility Comparison

The current volatility for EMQQ The Emerging Markets Internet ETF (EMQQ) is 5.70%, while First Trust Dow Jones International Internet ETF (FDNI) has a volatility of 7.46%. This indicates that EMQQ experiences smaller price fluctuations and is considered to be less risky than FDNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EMQQ	FDNI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	7.46%	-1.76%
Volatility (6M) Calculated over the trailing 6-month period	16.71%	19.30%	-2.59%
Volatility (1Y) Calculated over the trailing 1-year period	20.70%	24.25%	-3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.14%	36.69%	-3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.61%	34.50%	-3.89%

EMQQ vs. FDNI - Expense Ratio Comparison

EMQQ has a 0.86% expense ratio, which is higher than FDNI's 0.65% expense ratio.

Dividends

EMQQ vs. FDNI - Dividend Comparison

EMQQ's dividend yield for the trailing twelve months is around 3.98%, more than FDNI's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMQQ EMQQ The Emerging Markets Internet ETF	3.98%	3.09%	1.70%	0.79%	0.00%	0.00%	0.18%	1.29%	0.00%	0.94%	0.75%	0.08%
FDNI First Trust Dow Jones International Internet ETF	1.47%	1.12%	1.07%	0.40%	0.00%	0.00%	0.16%	3.12%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EMQQ and FDNI in my portfolio?

EMQQ and FDNI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EMQQ or FDNI?

FDNI has higher volatility (7.46%) compared to EMQQ (5.70%). In terms of maximum drawdown, EMQQ dropped -73.24% vs FDNI's -71.08%.

Which ETF is better, EMQQ or FDNI?

On 5-year performance, FDNI leads with -10.56% vs -11.78% for EMQQ. On fees, FDNI is cheaper at 0.65% per year. On volatility, EMQQ has been the lower-risk option at 5.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EMQQ or FDNI?

Over the 5-year period, FDNI has performed better with a -10.56% return vs -11.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EMQQ or FDNI?

FDNI is cheaper with a 0.65% expense ratio, compared with 0.86% for EMQQ.

Which ETF pays a higher dividend yield, EMQQ or FDNI?

EMQQ has the higher dividend yield at 3.98%, compared with 1.47% for FDNI.

What is the main difference between EMQQ and FDNI?

EMQQ is categorized as Emerging Markets Equities, while FDNI is Large Cap Growth Equities. EMQQ tracks EMQQ The Emerging Markets Internet Index, while FDNI tracks Dow Jones International Internet Index. They also come from different issuers: Exchange Traded Concepts and First Trust. Their fees differ too: 0.86% for EMQQ and 0.65% for FDNI.

Which has better risk-adjusted returns?

FDNI currently has the higher Sharpe Ratio (-0.82 vs -0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.