FDN vs. FBT
Compare and contrast key facts about First Trust Dow Jones Internet Index (FDN) and First Trust Amex Biotechnology Index (FBT).
FDN and FBT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDN is a passively managed fund by First Trust that tracks the performance of the Dow Jones Internet Index. It was launched on Jun 23, 2006. FBT is a passively managed fund by First Trust that tracks the performance of the NYSE Arca Biotechnology Index. It was launched on Jun 23, 2006. Both FDN and FBT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDN or FBT.
Key characteristics
| FDN | FBT | |
|---|---|---|
| YTD Return | 4.60% | -8.95% |
| 1Y Return | 37.94% | -6.97% |
| 3Y Return (Ann) | -5.19% | -3.87% |
| 5Y Return (Ann) | 5.93% | 1.13% |
| 10Y Return (Ann) | 13.46% | 7.06% |
| Sharpe Ratio | 1.82 | -0.36 |
| Daily Std Dev | 20.39% | 17.48% |
| Max Drawdown | -61.55% | -40.51% |
| Current Drawdown | -22.64% | -21.07% |
Correlation
The correlation between FDN and FBT is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDN vs. FBT - Performance Comparison
In the year-to-date period, FDN achieves a 4.60% return, which is significantly higher than FBT's -8.95% return. Over the past 10 years, FDN has outperformed FBT with an annualized return of 13.46%, while FBT has yielded a comparatively lower 7.06% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDN vs. FBT - Expense Ratio Comparison
FDN has a 0.52% expense ratio, which is lower than FBT's 0.57% expense ratio.
Risk-Adjusted Performance
FDN vs. FBT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet Index (FDN) and First Trust Amex Biotechnology Index (FBT). 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.
Dividends
FDN vs. FBT - Dividend Comparison
Neither FDN nor FBT has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FDN First Trust Dow Jones Internet Index | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FBT First Trust Amex Biotechnology Index | 0.00% | 0.00% | 0.00% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% | 0.05% |
Drawdowns
FDN vs. FBT - Drawdown Comparison
The maximum FDN drawdown since its inception was -61.55%, which is greater than FBT's maximum drawdown of -40.51%. Use the drawdown chart below to compare losses from any high point for FDN and FBT. For additional features, visit the drawdowns tool.
Volatility
FDN vs. FBT - Volatility Comparison
First Trust Dow Jones Internet Index (FDN) has a higher volatility of 6.54% compared to First Trust Amex Biotechnology Index (FBT) at 5.30%. This indicates that FDN's price experiences larger fluctuations and is considered to be riskier than FBT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.