FDN vs. EMQQ

Last updated Jun 4, 2026

FDN (First Trust Dow Jones Internet Index) and EMQQ (EMQQ The Emerging Markets Internet ETF) are both exchange-traded funds - FDN is a Large Cap Growth Equities fund tracking the Dow Jones Internet Index, while EMQQ is a Emerging Markets Equities fund tracking the EMQQ The Emerging Markets Internet Index. Both are passively managed. Over the past 10 years, FDN returned 14.37%/yr vs 4.58%/yr for EMQQ. A 0.63 correlation means they provide meaningful diversification when combined. FDN charges 0.52%/yr vs 0.86%/yr for EMQQ.

Performance

FDN vs. EMQQ - Performance Comparison

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

Returns By Period

In the year-to-date period, FDN achieves a 4.18% return, which is significantly higher than EMQQ's -19.80% return. Over the past 10 years, FDN has outperformed EMQQ with an annualized return of 14.37%, while EMQQ has yielded a comparatively lower 4.58% annualized return.

FDN

• 1D: -1.90%
• 1M: 4.74%
• YTD: 4.18%
• 6M: 3.26%
• 1Y: 10.29%
• 3Y*: 20.67%
• 5Y*: 4.24%
• 10Y*: 14.37%

EMQQ

• 1D: -2.68%
• 1M: -5.01%
• YTD: -19.80%
• 6M: -21.08%
• 1Y: -15.68%
• 3Y*: 5.24%
• 5Y*: -11.29%
• 10Y*: 4.58%

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

FDN vs. EMQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDN First Trust Dow Jones Internet Index	4.18%	10.70%	30.35%	51.48%	-45.54%	6.55%	52.55%	19.25%	6.17%	37.64%
EMQQ EMQQ The Emerging Markets Internet ETF	-19.80%	20.66%	13.79%	4.48%	-30.70%	-32.53%	80.45%	33.86%	-29.82%	68.20%

Correlation

The correlation between FDN and EMQQ is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Nov 14, 2014	0.63

The correlation between FDN and EMQQ shifts across timeframes, from 0.53 (3 years) to 0.63 (all time), reflecting how their relationship changes across market environments.

FDN vs. EMQQ - Sectors Allocation Comparison

Sectors	FDN	EMQQ
Technology	37.7%	8.2%
Communication Services	29.7%	6.8%
Consumer Cyclical	27.7%	33.1%
Financial Services	2.4%	3.6%
Industrials	1.4%	0.3%
Healthcare	1.1%	0.0%
Basic Materials	-	-
Consumer Defensive	-	0.2%
Energy	-	-
Real Estate	-	2.7%
Utilities	-	0.4%

Return for Risk

FDN vs. EMQQ — Risk / Return Rank

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

FDN

FDN Risk / Return Rank: 16
FDN Sharpe Ratio Rank: 17
FDN Sortino Ratio Rank: 16
FDN Omega Ratio Rank: 17
FDN Calmar Ratio Rank: 15
FDN Martin Ratio Rank: 14

EMQQ

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

FDN vs. EMQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet Index (FDN) and EMQQ The Emerging Markets Internet ETF (EMQQ). 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	EMQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.54	-0.76	+1.31
Sortino ratio: Return per unit of downside risk	0.84	-1.01	+1.86
Omega ratio: Gain probability vs. loss probability	1.10	0.89	+0.22
Calmar ratio: Return relative to maximum drawdown	0.49	-0.53	+1.01
Martin ratio: Return relative to average drawdown	1.24	-1.04	+2.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDN vs. EMQQ - Sharpe Ratio Comparison

The current FDN Sharpe Ratio is 0.54, which is higher than the EMQQ Sharpe Ratio of -0.76. The chart below compares the historical Sharpe Ratios of FDN and EMQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDN	EMQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	-0.76	+1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	-0.34	+0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.15	+0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.09	+0.46

Drawdowns

FDN vs. EMQQ - Drawdown Comparison

The maximum FDN drawdown since its inception was -61.55%, smaller than the maximum EMQQ drawdown of -73.24%. Use the drawdown chart below to compare losses from any high point for FDN and EMQQ.

Drawdown Indicators

	FDN	EMQQ	Difference
Max Drawdown Largest peak-to-trough decline	-61.55%	-73.24%	+11.69%
Max Drawdown (1Y) Largest decline over 1 year	-21.31%	-29.96%	+8.65%
Max Drawdown (3Y) Largest decline over 3 years	-24.98%	-29.96%	+4.98%
Max Drawdown (5Y) Largest decline over 5 years	-53.97%	-66.31%	+12.34%
Max Drawdown (10Y) Largest decline over 10 years	-53.97%	-73.24%	+19.27%
Current Drawdown Current decline from peak	-3.22%	-57.75%	+54.53%
Average Drawdown Average peak-to-trough decline	-11.82%	-31.36%	+19.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.35%	15.04%	-6.69%

Volatility

FDN vs. EMQQ - Volatility Comparison

The current volatility for First Trust Dow Jones Internet Index (FDN) is 5.14%, while EMQQ The Emerging Markets Internet ETF (EMQQ) has a volatility of 7.04%. This indicates that FDN experiences smaller price fluctuations and is considered to be less risky than EMQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDN	EMQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	7.04%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	14.44%	16.37%	-1.93%
Volatility (1Y) Calculated over the trailing 1-year period	19.04%	20.59%	-1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.25%	33.12%	-5.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.60%	30.61%	-5.01%

FDN vs. EMQQ - Expense Ratio Comparison

FDN has a 0.52% expense ratio, which is lower than EMQQ's 0.86% expense ratio.

Dividends

FDN vs. EMQQ - Dividend Comparison

FDN has not paid dividends to shareholders, while EMQQ's dividend yield for the trailing twelve months is around 3.85%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMQQ EMQQ The Emerging Markets Internet ETF	3.85%	3.09%	1.70%	0.79%	0.00%	0.00%	0.18%	1.29%	0.00%	0.94%	0.75%	0.08%
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%	0.00%

Frequently Asked Questions

Can I hold both FDN and EMQQ in my portfolio?

FDN and EMQQ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDN or EMQQ?

EMQQ has higher volatility (7.04%) compared to FDN (5.14%). In terms of maximum drawdown, FDN dropped -61.55% vs EMQQ's -73.24%.

Which ETF is better, FDN or EMQQ?

On 10-year performance, FDN leads with 14.37% vs 4.58% for EMQQ. On fees, FDN is cheaper at 0.52% per year. On volatility, FDN has been the lower-risk option at 5.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDN or EMQQ?

Over the 10-year period, FDN has performed better with a 14.37% return vs 4.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDN or EMQQ?

FDN is cheaper with a 0.52% expense ratio, compared with 0.86% for EMQQ.

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

EMQQ has the higher dividend yield at 3.85%, compared with 0.00% for FDN.

What is the main difference between FDN and EMQQ?

FDN is categorized as Large Cap Growth Equities, while EMQQ is Emerging Markets Equities. FDN tracks Dow Jones Internet Index, while EMQQ tracks EMQQ The Emerging Markets Internet Index. They also come from different issuers: First Trust and Exchange Traded Concepts. Their fees differ too: 0.52% for FDN and 0.86% for EMQQ.

Which has better risk-adjusted returns?

FDN currently has the higher Sharpe Ratio (0.54 vs -0.76), 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.