FDN vs. GARY

Last updated Jul 14, 2026

FDN (First Trust Dow Jones Internet Index) and GARY (Mango Growth ETF) are both Large Cap Growth Equities funds. FDN is passively managed, while GARY is actively managed. A 0.58 correlation means they provide meaningful diversification when combined. FDN charges 0.52%/yr vs 0.77%/yr for GARY.

Performance

FDN vs. GARY - Performance Comparison

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

Returns By Period

In the year-to-date period, FDN achieves a 2.09% return, which is significantly lower than GARY's 30.03% return.

FDN

• 1D: -0.51%
• 1M: 3.95%
• 6M: 2.15%
• YTD: 2.09%
• 1Y: 4.07%
• 3Y*: 17.22%
• 5Y*: 2.45%
• 10Y*: 13.82%

GARY

• 1D: -1.55%
• 1M: -0.00%
• 6M: 22.99%
• YTD: 30.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDN vs. GARY - Yearly Performance Comparison

	2026 (YTD)	2025
FDN First Trust Dow Jones Internet Index	2.09%	-0.44%
GARY Mango Growth ETF	30.03%	0.15%

Correlation

The correlation between FDN and GARY is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 22, 2025	0.58

Return for Risk

FDN vs. GARY — Risk / Return Rank

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

FDN

FDN Risk / Return Rank: 12
FDN Sharpe Ratio Rank: 13
FDN Sortino Ratio Rank: 12
FDN Omega Ratio Rank: 12
FDN Calmar Ratio Rank: 12
FDN Martin Ratio Rank: 12

GARY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GARY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet Index (FDN) and Mango Growth ETF (GARY). 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	GARY	Difference
Sharpe ratio: Return per unit of total volatility	0.21	—	—
Sortino ratio: Return per unit of downside risk	0.41	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.19	—	—
Martin ratio: Return relative to average drawdown	0.47	—	—

Drawdowns

FDN vs. GARY - Drawdown Comparison

The maximum FDN drawdown since its inception was -61.55%, which is greater than GARY's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for FDN and GARY.

Drawdown Indicators

	FDN	GARY	Difference
Max Drawdown Largest peak-to-trough decline	-61.55%	-10.28%	-51.27%
Max Drawdown (1Y) Largest decline over 1 year	-21.31%	—	—
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 Drawdown Current decline from peak	-5.16%	-5.23%	+0.07%
Average Drawdown Average peak-to-trough decline	-11.80%	-1.87%	-9.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.73%	—	—

Volatility

Volatility by Period

	FDN	GARY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.88%	21.84%	-1.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.40%	21.84%	+5.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.61%	21.84%	+3.77%

FDN vs. GARY - Expense Ratio Comparison

FDN has a 0.52% expense ratio, which is lower than GARY's 0.77% expense ratio.

Dividends

FDN vs. GARY - Dividend Comparison

FDN has not paid dividends to shareholders, while GARY's dividend yield for the trailing twelve months is around 0.04%.

Position	TTM	2025
FDN First Trust Dow Jones Internet Index	0.00%	0.00%
GARY Mango Growth ETF	0.04%	0.05%

Frequently Asked Questions

Can I hold both FDN and GARY in my portfolio?

FDN and GARY have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDN or GARY?

On fees, FDN is cheaper at 0.52% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDN or GARY?

FDN is cheaper with a 0.52% expense ratio, compared with 0.77% for GARY.

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

GARY has the higher dividend yield at 0.04%, compared with 0.00% for FDN.

What is the main difference between FDN and GARY?

They also come from different issuers: First Trust and Mango. Their fees differ too: 0.52% for FDN and 0.77% for GARY.