FDN vs. FMTM

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Dow Jones Internet Index (FDN) and MarketDesk Focused U.S. Momentum ETF (FMTM).

FDN and FMTM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDN is a passively managed fund by First Trust that tracks the performance of the Dow Jones Internet Index. It was launched on Jun 23, 2006.

Performance

FDN vs. FMTM - Performance Comparison

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

FDN vs. FMTM - Yearly Performance Comparison

	2026 (YTD)	2025
FDN First Trust Dow Jones Internet Index	-13.06%	17.68%
FMTM MarketDesk Focused U.S. Momentum ETF	8.17%	27.90%

Returns By Period

In the year-to-date period, FDN achieves a -13.06% return, which is significantly lower than FMTM's 8.17% return.

FDN

• 1D: 3.51%
• 1M: -3.87%
• YTD: -13.06%
• 6M: -16.37%
• 1Y: 5.35%
• 3Y*: 16.54%
• 5Y*: 0.92%
• 10Y*: 13.03%

FMTM

• 1D: 4.80%
• 1M: -6.51%
• YTD: 8.17%
• 6M: 16.49%
• 1Y: 36.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDN vs. FMTM - Expense Ratio Comparison

FDN has a 0.52% expense ratio, which is higher than FMTM's 0.45% expense ratio.

FDN

First Trust Dow Jones Internet Index

FMTM

MarketDesk Focused U.S. Momentum ETF

Return for Risk

FDN vs. FMTM — Risk / Return Rank

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

FDN

FDN Risk / Return Rank: 18
FDN Sharpe Ratio Rank: 18
FDN Sortino Ratio Rank: 20
FDN Omega Ratio Rank: 20
FDN Calmar Ratio Rank: 17
FDN Martin Ratio Rank: 17

FMTM

FMTM Risk / Return Rank: 85
FMTM Sharpe Ratio Rank: 83
FMTM Sortino Ratio Rank: 82
FMTM Omega Ratio Rank: 77
FMTM Calmar Ratio Rank: 91
FMTM Martin Ratio Rank: 91

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. FMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet Index (FDN) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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	FMTM	Difference
Sharpe ratio Return per unit of total volatility	0.22	1.58	-1.36
Sortino ratio Return per unit of downside risk	0.49	2.09	-1.60
Omega ratio Gain probability vs. loss probability	1.06	1.29	-0.22
Calmar ratio Return relative to maximum drawdown	0.22	3.15	-2.92
Martin ratio Return relative to average drawdown	0.63	11.97	-11.34
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. FMTM - Sharpe Ratio Comparison

The current FDN Sharpe Ratio is 0.22, which is lower than the FMTM Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of FDN and FMTM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDN	FMTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	1.58	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	1.61	-1.10

Correlation

The correlation between FDN and FMTM is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FDN vs. FMTM - Dividend Comparison

FDN has not paid dividends to shareholders, while FMTM's dividend yield for the trailing twelve months is around 0.27%.

	TTM	2025
FDN First Trust Dow Jones Internet Index	0.00%	0.00%
FMTM MarketDesk Focused U.S. Momentum ETF	0.27%	0.30%

Drawdowns

FDN vs. FMTM - Drawdown Comparison

The maximum FDN drawdown since its inception was -61.55%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for FDN and FMTM.

Drawdown Indicators

	FDN	FMTM	Difference
Max Drawdown Largest peak-to-trough decline	-61.55%	-12.12%	-49.43%
Max Drawdown (1Y) Largest decline over 1 year	-21.31%	-12.12%	-9.19%
Max Drawdown (5Y) Largest decline over 5 years	-53.97%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-53.97%	—	—
Current Drawdown Current decline from peak	-18.55%	-7.90%	-10.65%
Average Drawdown Average peak-to-trough decline	-11.85%	-1.88%	-9.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.58%	3.19%	+4.39%

Volatility

FDN vs. FMTM - Volatility Comparison

The current volatility for First Trust Dow Jones Internet Index (FDN) is 7.28%, while MarketDesk Focused U.S. Momentum ETF (FMTM) has a volatility of 11.09%. This indicates that FDN experiences smaller price fluctuations and is considered to be less risky than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDN	FMTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	11.09%	-3.81%
Volatility (6M) Calculated over the trailing 6-month period	14.94%	19.22%	-4.28%
Volatility (1Y) Calculated over the trailing 1-year period	24.25%	23.34%	+0.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.31%	23.18%	+4.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.56%	23.18%	+2.38%