PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
FDN.TO vs. FHQ.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDN.TO vs. FHQ.TO

Last updated Jul 16, 2026
Documentation

FDN.TO (First Trust Dow Jones Internet ETF) and FHQ.TO (First Trust AlphaDEX U.S. Technology Sector Index ETF) are both Technology Equities funds from First Trust - FDN.TO tracks the Dow Jones Internet Composite Index while FHQ.TO tracks the StrataQuant Technology Index. Both are passively managed. Over the past 10 years, FDN.TO returned 3.50%/yr vs 19.80%/yr for FHQ.TO. At a 0.29 correlation, their price movements are largely independent.

Performance

FDN.TO vs. FHQ.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 AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, FDN.TO achieves a 4.51% return, which is significantly lower than FHQ.TO's 24.19% return. Over the past 10 years, FDN.TO has underperformed FHQ.TO with an annualized return of 3.50%, while FHQ.TO has yielded a comparatively higher 19.80% 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%

FHQ.TO

1D
0.39%
1M
-4.66%
6M
18.60%
YTD
24.19%
1Y
33.63%
3Y*
22.48%
5Y*
13.16%
10Y*
19.80%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
FHQ.TO
First Trust AlphaDEX U.S. Technology Sector Index ETF		24.19%8.42%25.83%36.49%-28.18%21.01%47.20%35.74%-0.09%23.66%

Correlation

The correlation between FDN.TO and FHQ.TO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.47

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.48

Correlation (10Y)
Calculated over the trailing 10-year period

0.31

Correlation (All Time)
Calculated using the full available price history since Nov 13, 2014

0.29

The correlation between FDN.TO and FHQ.TO shifts across timeframes, from 0.29 (all time) to 0.50 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Dow Jones Internet ETF

First Trust AlphaDEX U.S. Technology Sector Index ETF

Return for Risk

FDN.TO vs. FHQ.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: 1414
Overall Rank
FDN.TO Sharpe Ratio Rank: 1515
Sharpe Ratio Rank
FDN.TO Sortino Ratio Rank: 1414
Sortino Ratio Rank
FDN.TO Omega Ratio Rank: 1414
Omega Ratio Rank
FDN.TO Calmar Ratio Rank: 1313
Calmar Ratio Rank
FDN.TO Martin Ratio Rank: 1313
Martin Ratio Rank
FHQ.TO
FHQ.TO Risk / Return Rank: 5050
Overall Rank
FHQ.TO Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
FHQ.TO Sortino Ratio Rank: 4545
Sortino Ratio Rank
FHQ.TO Omega Ratio Rank: 4848
Omega Ratio Rank
FHQ.TO Calmar Ratio Rank: 6060
Calmar Ratio Rank
FHQ.TO Martin Ratio Rank: 4949
Martin Ratio Rank
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. FHQ.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 AlphaDEX U.S. Technology Sector Index ETF (FHQ.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.TOFHQ.TODifference
Sharpe ratioReturn per unit of total volatility
0.33
1.37

-1.04

Sortino ratioReturn per unit of downside risk
0.58
1.92

-1.34

Omega ratioGain probability vs. loss probability

1.08

1.25

-0.18

Calmar ratioReturn relative to maximum drawdown

0.30

2.44

-2.14

Martin ratioReturn relative to average drawdown

0.68

6.72

-6.04

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

The current FDN.TO Sharpe Ratio is 0.33, which is lower than the FHQ.TO Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of FDN.TO and FHQ.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.

Loading charts...

Drawdowns

FDN.TO vs. FHQ.TO - Drawdown Comparison

The maximum FDN.TO drawdown since its inception was -50.44%, which is greater than FHQ.TO's maximum drawdown of -32.05%. Use the drawdown chart below to compare losses from any high point for FDN.TO and FHQ.TO.

Loading charts...

Drawdown Indicators

FDN.TOFHQ.TODifference

Max Drawdown

Largest peak-to-trough decline

-50.44%

-32.05%

-18.39%

Max Drawdown (1Y)

Largest decline over 1 year

-21.40%

-14.13%

-7.27%

Max Drawdown (3Y)

Largest decline over 3 years

-26.31%

-27.64%

+1.33%

Max Drawdown (5Y)

Largest decline over 5 years

-50.44%

-32.05%

-18.39%

Max Drawdown (10Y)

Largest decline over 10 years

-50.44%

-32.05%

-18.39%

Current Drawdown

Current decline from peak

-3.22%

-6.70%

+3.48%

Average Drawdown

Average peak-to-trough decline

-10.74%

-7.63%

-3.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

9.44%

5.11%

+4.33%

Volatility

FDN.TO vs. FHQ.TO - Volatility Comparison

The current volatility for First Trust Dow Jones Internet ETF (FDN.TO) is 5.14%, while First Trust AlphaDEX U.S. Technology Sector Index ETF (FHQ.TO) has a volatility of 10.35%. This indicates that FDN.TO experiences smaller price fluctuations and is considered to be less risky than FHQ.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

FDN.TOFHQ.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

5.14%

10.35%

-5.21%

Volatility (6M)

Calculated over the trailing 6-month period

16.42%

20.95%

-4.53%

Volatility (1Y)

Calculated over the trailing 1-year period

19.77%

25.24%

-5.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.12%

23.62%

+2.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.15%

23.37%

-2.22%

Dividends

FDN.TO vs. FHQ.TO - Dividend Comparison

Neither FDN.TO nor FHQ.TO has paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
FHQ.TO
First Trust AlphaDEX U.S. Technology Sector Index ETF		0.00%0.00%0.02%0.00%0.00%1.18%0.43%0.50%0.80%0.83%1.20%0.43%

Frequently Asked Questions

FDN.TO and FHQ.TO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FDN.TO tracks Dow Jones Internet Composite Index, while FHQ.TO tracks StrataQuant Technology Index.

Portfolio Optimizer

Find the right allocation for FDN.TO and FHQ.TO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer