FDN vs. IOO

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Dow Jones Internet Index (FDN) and iShares Global 100 ETF (IOO).

FDN and IOO 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. IOO is a passively managed fund by iShares that tracks the performance of the S&P Global 100 Index. It was launched on Dec 5, 2000. Both FDN and IOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FDN vs. IOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dow Jones Internet Index (FDN) and iShares Global 100 ETF (IOO). The values are adjusted to include any dividend payments, if applicable.

FDN vs. IOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDN First Trust Dow Jones Internet Index	-13.06%	10.70%	30.35%	51.48%	-45.54%	6.55%	52.55%	19.25%	6.17%	37.64%
IOO iShares Global 100 ETF	-4.50%	27.02%	26.54%	27.71%	-16.34%	26.03%	18.61%	30.01%	-6.22%	23.56%

Returns By Period

In the year-to-date period, FDN achieves a -13.06% return, which is significantly lower than IOO's -4.50% return. Over the past 10 years, FDN has underperformed IOO with an annualized return of 13.03%, while IOO has yielded a comparatively higher 15.03% annualized 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%

IOO

• 1D: 3.46%
• 1M: -5.18%
• YTD: -4.50%
• 6M: 1.16%
• 1Y: 26.95%
• 3Y*: 21.47%
• 5Y*: 14.29%
• 10Y*: 15.03%

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

FDN vs. IOO - Expense Ratio Comparison

FDN has a 0.52% expense ratio, which is higher than IOO's 0.40% expense ratio.

FDN

First Trust Dow Jones Internet Index

IOO

iShares Global 100 ETF

Return for Risk

FDN vs. IOO — 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

IOO

IOO Risk / Return Rank: 83
IOO Sharpe Ratio Rank: 79
IOO Sortino Ratio Rank: 83
IOO Omega Ratio Rank: 82
IOO Calmar Ratio Rank: 82
IOO Martin Ratio Rank: 88

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. IOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet Index (FDN) and iShares Global 100 ETF (IOO). 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	IOO	Difference
Sharpe ratio Return per unit of total volatility	0.22	1.41	-1.19
Sortino ratio Return per unit of downside risk	0.49	2.09	-1.60
Omega ratio Gain probability vs. loss probability	1.06	1.31	-0.24
Calmar ratio Return relative to maximum drawdown	0.22	2.18	-1.96
Martin ratio Return relative to average drawdown	0.63	10.38	-9.75
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. IOO - Sharpe Ratio Comparison

The current FDN Sharpe Ratio is 0.22, which is lower than the IOO Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of FDN and IOO, 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	IOO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	1.41	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.85	-0.81
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.85	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.36	+0.15

Correlation

The correlation between FDN and IOO is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FDN vs. IOO - Dividend Comparison

FDN has not paid dividends to shareholders, while IOO's dividend yield for the trailing twelve months is around 0.96%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IOO iShares Global 100 ETF	0.96%	0.92%	1.08%	1.49%	2.00%	1.53%	1.49%	2.02%	2.54%	2.23%	2.75%	2.89%

Drawdowns

FDN vs. IOO - Drawdown Comparison

The maximum FDN drawdown since its inception was -61.55%, which is greater than IOO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for FDN and IOO.

Drawdown Indicators

	FDN	IOO	Difference
Max Drawdown Largest peak-to-trough decline	-61.55%	-55.85%	-5.70%
Max Drawdown (1Y) Largest decline over 1 year	-21.31%	-12.40%	-8.91%
Max Drawdown (5Y) Largest decline over 5 years	-53.97%	-23.52%	-30.45%
Max Drawdown (10Y) Largest decline over 10 years	-53.97%	-31.43%	-22.54%
Current Drawdown Current decline from peak	-18.55%	-6.82%	-11.73%
Average Drawdown Average peak-to-trough decline	-11.85%	-11.34%	-0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.58%	2.61%	+4.97%

Volatility

FDN vs. IOO - Volatility Comparison

First Trust Dow Jones Internet Index (FDN) has a higher volatility of 7.28% compared to iShares Global 100 ETF (IOO) at 6.26%. This indicates that FDN's price experiences larger fluctuations and is considered to be riskier than IOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDN	IOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	6.26%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	14.94%	10.69%	+4.25%
Volatility (1Y) Calculated over the trailing 1-year period	24.25%	19.22%	+5.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.31%	16.97%	+10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.56%	17.74%	+7.82%