FDN.TO vs. ETP.TO

Last updated Jul 16, 2026

FDN.TO (First Trust Dow Jones Internet ETF) and ETP.TO (First Trust Global Risk Managed Income Index ETF) are both exchange-traded funds - FDN.TO is a Technology Equities fund tracking the Dow Jones Internet Composite Index, while ETP.TO is a Global Equity Income fund tracking the Nasdaq Global Risk Managed Income Index. Both are passively managed. Over the past 10 years, FDN.TO returned 3.50%/yr vs 3.70%/yr for ETP.TO. At a 0.14 correlation, their price movements are largely independent.

Performance

FDN.TO vs. ETP.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Trust Dow Jones Internet ETF (FDN.TO) and First Trust Global Risk Managed Income Index ETF (ETP.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDN.TO achieves a 4.51% return, which is significantly lower than ETP.TO's 5.10% return. Over the past 10 years, FDN.TO has underperformed ETP.TO with an annualized return of 3.50%, while ETP.TO has yielded a comparatively higher 3.70% annualized return.

FDN.TO

• 1D: 0.35%
• 1M: 5.14%
• 6M: 6.20%
• YTD: 4.51%
• 1Y: 6.45%
• 3Y*: 19.77%
• 5Y*: 4.92%
• 10Y*: 3.50%

ETP.TO

• 1D: 0.05%
• 1M: 0.74%
• 6M: 4.76%
• YTD: 5.10%
• 1Y: 10.42%
• 3Y*: 9.87%
• 5Y*: 3.80%
• 10Y*: 3.70%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDN.TO First Trust Dow Jones Internet ETF	4.51%	5.45%	41.28%	49.01%	-43.35%	-5.63%	6.27%	15.99%	-7.91%	1.84%
ETP.TO First Trust Global Risk Managed Income Index ETF	5.10%	9.03%	11.18%	5.68%	-10.84%	6.08%	-0.95%	11.41%	-4.09%	5.12%

Correlation

The correlation between FDN.TO and ETP.TO is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Oct 30, 2014	0.14

The correlation between FDN.TO and ETP.TO shifts across timeframes, from 0.07 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

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

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

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: 14
FDN.TO Calmar Ratio Rank: 13
FDN.TO Martin Ratio Rank: 13

ETP.TO

ETP.TO Risk / Return Rank: 92
ETP.TO Sharpe Ratio Rank: 95
ETP.TO Sortino Ratio Rank: 95
ETP.TO Omega Ratio Rank: 95
ETP.TO Calmar Ratio Rank: 86
ETP.TO Martin Ratio Rank: 90

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.

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

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet ETF (FDN.TO) and First Trust Global Risk Managed Income Index ETF (ETP.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.

	FDN.TO	ETP.TO	Difference
Sharpe ratio: Return per unit of total volatility	0.33	2.90	-2.57
Sortino ratio: Return per unit of downside risk	0.58	4.28	-3.70
Omega ratio: Gain probability vs. loss probability	1.08	1.58	-0.50
Calmar ratio: Return relative to maximum drawdown	0.30	3.90	-3.60
Martin ratio: Return relative to average drawdown	0.68	16.53	-15.85

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

The current FDN.TO Sharpe Ratio is 0.33, which is lower than the ETP.TO Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of FDN.TO and ETP.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

FDN.TO vs. ETP.TO - Drawdown Comparison

The maximum FDN.TO drawdown since its inception was -50.44%, which is greater than ETP.TO's maximum drawdown of -26.38%. Use the drawdown chart below to compare losses from any high point for FDN.TO and ETP.TO.

Drawdown Indicators

	FDN.TO	ETP.TO	Difference
Max Drawdown Largest peak-to-trough decline	-50.44%	-26.38%	-24.06%
Max Drawdown (1Y) Largest decline over 1 year	-21.40%	-2.81%	-18.59%
Max Drawdown (3Y) Largest decline over 3 years	-26.31%	-5.73%	-20.58%
Max Drawdown (5Y) Largest decline over 5 years	-50.44%	-15.30%	-35.14%
Max Drawdown (10Y) Largest decline over 10 years	-50.44%	-26.38%	-24.06%
Current Drawdown Current decline from peak	-3.22%	0.00%	-3.22%
Average Drawdown Average peak-to-trough decline	-10.74%	-3.26%	-7.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.44%	0.66%	+8.78%

Volatility

FDN.TO vs. ETP.TO - Volatility Comparison

First Trust Dow Jones Internet ETF (FDN.TO) has a higher volatility of 5.14% compared to First Trust Global Risk Managed Income Index ETF (ETP.TO) at 0.70%. This indicates that FDN.TO's price experiences larger fluctuations and is considered to be riskier than ETP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDN.TO	ETP.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	0.70%	+4.44%
Volatility (6M) Calculated over the trailing 6-month period	16.42%	2.90%	+13.52%
Volatility (1Y) Calculated over the trailing 1-year period	19.77%	3.78%	+15.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.12%	5.86%	+20.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.15%	7.13%	+14.02%

Dividends

FDN.TO vs. ETP.TO - Dividend Comparison

FDN.TO has not paid dividends to shareholders, while ETP.TO's dividend yield for the trailing twelve months is around 3.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETP.TO First Trust Global Risk Managed Income Index ETF	3.62%	4.03%	3.73%	4.15%	3.25%	2.93%	3.78%	3.76%	4.33%	4.08%	3.84%	4.28%
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 FDN.TO and ETP.TO in my portfolio?

FDN.TO and ETP.TO have a correlation of 0.07, 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 FDN.TO and ETP.TO?

FDN.TO is categorized as Technology Equities, while ETP.TO is Global Equity Income. FDN.TO tracks Dow Jones Internet Composite Index, while ETP.TO tracks Nasdaq Global Risk Managed Income Index.