FDN vs. FDND
FDN (First Trust Dow Jones Internet Index) and FDND (FT Vest Dow Jones Internet & Target Income ETF) are both exchange-traded funds - FDN is a Large Cap Growth Equities fund tracking the Dow Jones Internet Index, while FDND is a Technology Equities fund actively managed by FT Vest. FDN is passively managed, while FDND is actively managed. Over the past year, FDN returned 10.29% vs 7.37% for FDND. With a 0.99 correlation, they move nearly in lockstep. FDN charges 0.52%/yr vs 0.75%/yr for FDND.
Performance
FDN vs. FDND - Performance Comparison
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Returns By Period
In the year-to-date period, FDN achieves a 4.18% return, which is significantly higher than FDND's 2.42% 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%
FDND
- 1D
- -1.99%
- 1M
- 3.57%
- YTD
- 2.42%
- 6M
- 1.71%
- 1Y
- 7.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDN vs. FDND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FDN First Trust Dow Jones Internet Index | 4.18% | 10.70% | 17.92% |
FDND FT Vest Dow Jones Internet & Target Income ETF | 2.42% | 9.69% | 15.85% |
Correlation
The correlation between FDN and FDND is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Mar 22, 2024 | 0.99 |
The correlation between FDN and FDND has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
FDN vs. FDND — Risk / Return Rank
FDN
FDND
FDN vs. FDND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet Index (FDN) and FT Vest Dow Jones Internet & Target Income ETF (FDND). 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 | FDND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.08 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.49 | 0.36 | +0.12 |
| Martin ratioReturn relative to average drawdown | 1.24 | 0.88 | +0.36 |
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 | FDND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.40 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.60 | -0.05 |
Drawdowns
FDN vs. FDND - Drawdown Comparison
The maximum FDN drawdown since its inception was -61.55%, which is greater than FDND's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for FDN and FDND.
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Drawdown Indicators
| FDN | FDND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.55% | -24.12% | -37.43% |
Max Drawdown (1Y)Largest decline over 1 year | -21.31% | -20.49% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -24.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -53.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -53.97% | — | — |
Current DrawdownCurrent decline from peak | -3.22% | -4.24% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -11.82% | -5.67% | -6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.35% | 8.39% | -0.04% |
Volatility
FDN vs. FDND - Volatility Comparison
First Trust Dow Jones Internet Index (FDN) and FT Vest Dow Jones Internet & Target Income ETF (FDND) have volatilities of 5.14% and 5.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDN | FDND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 5.29% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 14.07% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.04% | 18.28% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.25% | 21.40% | +5.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 21.40% | +4.20% |
FDN vs. FDND - Expense Ratio Comparison
FDN has a 0.52% expense ratio, which is lower than FDND's 0.75% expense ratio.
Dividends
FDN vs. FDND - Dividend Comparison
FDN has not paid dividends to shareholders, while FDND's dividend yield for the trailing twelve months is around 7.98%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FDN First Trust Dow Jones Internet Index | 0.00% | 0.00% | 0.00% |
FDND FT Vest Dow Jones Internet & Target Income ETF | 7.98% | 8.11% | 5.51% |
Frequently Asked Questions
With a correlation of 0.99, FDN and FDND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FDND has higher volatility (5.29%) compared to FDN (5.14%). In terms of maximum drawdown, FDN dropped -61.55% vs FDND's -24.12%.
On 1-year performance, FDN leads with 10.29% vs 7.37% for FDND. 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.
Over the 1-year period, FDN has performed better with a 10.29% return vs 7.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDN is cheaper with a 0.52% expense ratio, compared with 0.75% for FDND.
FDND has the higher dividend yield at 7.98%, compared with 0.00% for FDN.
FDN is categorized as Large Cap Growth Equities, while FDND is Technology Equities. They also come from different issuers: First Trust and FT Vest. Their fees differ too: 0.52% for FDN and 0.75% for FDND.
FDN currently has the higher Sharpe Ratio (0.54 vs 0.40), 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.
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