FDN.L vs. SNSG.L
FDN.L (First Trust Dow Jones Internet UCITS ETF Class A USD) and SNSG.L (Global X Internet of Things UCITS ETF USD Accumulating) are both Technology Equities funds tracking the MSCI World/Information Tech NR USD, from First Trust and Global X respectively. Both are passively managed. Over the past 3 years, FDN.L returned 17.49%/yr vs 15.45%/yr for SNSG.L. A 0.66 correlation means they provide meaningful diversification when combined. FDN.L charges 0.55%/yr vs 0.60%/yr for SNSG.L.
Performance
FDN.L vs. SNSG.L - Performance Comparison
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Different Trading Currencies
FDN.L is traded in GBp, while SNSG.L is traded in GBP. To make them comparable, the SNSG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FDN.L achieves a 3.78% return, which is significantly lower than SNSG.L's 44.54% return.
FDN.L
- 1D
- -1.74%
- 1M
- 6.51%
- YTD
- 3.78%
- 6M
- 2.71%
- 1Y
- 11.26%
- 3Y*
- 17.49%
- 5Y*
- 5.26%
- 10Y*
- —
SNSG.L
- 1D
- 0.64%
- 1M
- 21.83%
- YTD
- 44.54%
- 6M
- 43.68%
- 1Y
- 51.85%
- 3Y*
- 15.45%
- 5Y*
- —
- 10Y*
- —
FDN.L vs. SNSG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FDN.L First Trust Dow Jones Internet UCITS ETF Class A USD | 3.78% | 2.35% | 32.65% | 45.94% | -40.28% | -7.54% |
SNSG.L Global X Internet of Things UCITS ETF USD Accumulating | 44.54% | -0.58% | 0.84% | 16.82% | -16.52% | -2.35% |
Correlation
The correlation between FDN.L and SNSG.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.66 |
Over the past year, the correlation between FDN.L and SNSG.L has dropped to 0.46 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
FDN.L vs. SNSG.L — Risk / Return Rank
FDN.L
SNSG.L
FDN.L vs. SNSG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.L) and Global X Internet of Things UCITS ETF USD Accumulating (SNSG.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.
| FDN.L | SNSG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.41 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 4.06 | -3.52 |
| Martin ratioReturn relative to average drawdown | 1.24 | 10.87 | -9.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDN.L | SNSG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 2.49 | -1.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.34 | +0.01 |
Drawdowns
FDN.L vs. SNSG.L - Drawdown Comparison
The maximum FDN.L drawdown since its inception was -46.90%, which is greater than SNSG.L's maximum drawdown of -30.09%. Use the drawdown chart below to compare losses from any high point for FDN.L and SNSG.L.
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Drawdown Indicators
| FDN.L | SNSG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.90% | -30.09% | -16.81% |
Max Drawdown (1Y)Largest decline over 1 year | -20.87% | -12.71% | -8.16% |
Max Drawdown (3Y)Largest decline over 3 years | -27.22% | -29.12% | +1.90% |
Max Drawdown (5Y)Largest decline over 5 years | -46.90% | — | — |
Current DrawdownCurrent decline from peak | -3.39% | 0.00% | -3.39% |
Average DrawdownAverage peak-to-trough decline | -14.81% | -10.67% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.07% | 4.76% | +4.31% |
Volatility
FDN.L vs. SNSG.L - Volatility Comparison
The current volatility for First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.L) is 5.76%, while Global X Internet of Things UCITS ETF USD Accumulating (SNSG.L) has a volatility of 8.35%. This indicates that FDN.L experiences smaller price fluctuations and is considered to be less risky than SNSG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDN.L | SNSG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.76% | 8.35% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 14.18% | 15.91% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.42% | 20.82% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.41% | 21.81% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.51% | 21.81% | +2.70% |
FDN.L vs. SNSG.L - Expense Ratio Comparison
FDN.L has a 0.55% expense ratio, which is lower than SNSG.L's 0.60% expense ratio.
Dividends
FDN.L vs. SNSG.L - Dividend Comparison
Neither FDN.L nor SNSG.L has paid dividends to shareholders.
Frequently Asked Questions
FDN.L and SNSG.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FDN.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FDN.L is cheaper with a 0.55% expense ratio, compared with 0.60% for SNSG.L.
Both ETFs track MSCI World/Information Tech NR USD. They also come from different issuers: First Trust and Global X. Their fees differ too: 0.55% for FDN.L and 0.60% for SNSG.L.
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