FDN vs. VV

Last updated Jun 4, 2026

FDN (First Trust Dow Jones Internet Index) and VV (Vanguard Large-Cap ETF) are both Large Cap Growth Equities funds - FDN tracks the Dow Jones Internet Index while VV tracks the CRSP US Large Cap Index. Both are passively managed. Over the past 10 years, FDN returned 14.37%/yr vs 15.58%/yr for VV. Their correlation of 0.81 suggests significant overlap in exposure. FDN charges 0.52%/yr vs 0.04%/yr for VV.

Performance

FDN vs. VV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dow Jones Internet Index (FDN) and Vanguard Large-Cap ETF (VV). 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 lower than VV's 10.69% return. Over the past 10 years, FDN has underperformed VV with an annualized return of 14.37%, while VV has yielded a comparatively higher 15.58% 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%

VV

• 1D: -0.72%
• 1M: 5.19%
• YTD: 10.69%
• 6M: 10.54%
• 1Y: 27.77%
• 3Y*: 22.68%
• 5Y*: 13.54%
• 10Y*: 15.58%

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

FDN vs. VV - 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%
VV Vanguard Large-Cap ETF	10.69%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	22.00%

Correlation

The correlation between FDN and VV is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 26, 2006	0.81

The correlation between FDN and VV shifts across timeframes, from 0.72 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

FDN vs. VV - Sectors Allocation Comparison

Sectors	FDN	VV
Technology	37.7%	35.9%
Communication Services	29.7%	11.2%
Consumer Cyclical	27.7%	9.8%
Financial Services	2.4%	11.8%
Industrials	1.4%	8.0%
Healthcare	1.1%	8.6%
Basic Materials	-	1.6%
Consumer Defensive	-	4.8%
Energy	-	3.6%
Real Estate	-	1.7%
Utilities	-	2.7%

Return for Risk

FDN vs. VV — 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

VV

VV Risk / Return Rank: 67
VV Sharpe Ratio Rank: 69
VV Sortino Ratio Rank: 68
VV Omega Ratio Rank: 68
VV Calmar Ratio Rank: 60
VV Martin Ratio Rank: 72

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. VV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet Index (FDN) and Vanguard Large-Cap ETF (VV). 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	VV	Difference
Sharpe ratio: Return per unit of total volatility	0.54	2.33	-1.78
Sortino ratio: Return per unit of downside risk	0.84	3.18	-2.34
Omega ratio: Gain probability vs. loss probability	1.10	1.42	-0.31
Calmar ratio: Return relative to maximum drawdown	0.49	3.03	-2.55
Martin ratio: Return relative to average drawdown	1.24	13.86	-12.62
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. VV - Sharpe Ratio Comparison

The current FDN Sharpe Ratio is 0.54, which is lower than the VV Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of FDN and VV, 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	VV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	2.33	-1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.79	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.86	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.59	-0.05

Drawdowns

FDN vs. VV - Drawdown Comparison

The maximum FDN drawdown since its inception was -61.55%, which is greater than VV's maximum drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for FDN and VV.

Drawdown Indicators

	FDN	VV	Difference
Max Drawdown Largest peak-to-trough decline	-61.55%	-54.81%	-6.74%
Max Drawdown (1Y) Largest decline over 1 year	-21.31%	-9.21%	-12.10%
Max Drawdown (3Y) Largest decline over 3 years	-24.98%	-18.97%	-6.01%
Max Drawdown (5Y) Largest decline over 5 years	-53.97%	-25.66%	-28.31%
Max Drawdown (10Y) Largest decline over 10 years	-53.97%	-34.28%	-19.69%
Current Drawdown Current decline from peak	-3.22%	-0.72%	-2.50%
Average Drawdown Average peak-to-trough decline	-11.82%	-6.84%	-4.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.35%	2.01%	+6.34%

Volatility

FDN vs. VV - Volatility Comparison

First Trust Dow Jones Internet Index (FDN) has a higher volatility of 5.14% compared to Vanguard Large-Cap ETF (VV) at 2.84%. This indicates that FDN's price experiences larger fluctuations and is considered to be riskier than VV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDN	VV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	2.84%	+2.30%
Volatility (6M) Calculated over the trailing 6-month period	14.44%	8.98%	+5.46%
Volatility (1Y) Calculated over the trailing 1-year period	19.04%	11.99%	+7.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.25%	17.22%	+10.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.60%	18.19%	+7.41%

FDN vs. VV - Expense Ratio Comparison

FDN has a 0.52% expense ratio, which is higher than VV's 0.04% expense ratio.

Dividends

FDN vs. VV - Dividend Comparison

FDN has not paid dividends to shareholders, while VV's dividend yield for the trailing twelve months is around 0.98%.

Position	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%
VV Vanguard Large-Cap ETF	0.98%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both FDN and VV in my portfolio?

FDN and VV have a correlation of 0.72, 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 VV?

FDN has higher volatility (5.14%) compared to VV (2.84%). In terms of maximum drawdown, FDN dropped -61.55% vs VV's -54.81%.

Which ETF is better, FDN or VV?

On 10-year performance, VV leads with 15.58% vs 14.37% for FDN. On fees, VV is cheaper at 0.04% per year. On volatility, VV has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDN or VV?

Over the 10-year period, VV has performed better with a 15.58% return vs 14.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDN or VV?

VV is cheaper with a 0.04% expense ratio, compared with 0.52% for FDN.

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

VV has the higher dividend yield at 0.98%, compared with 0.00% for FDN.

What is the main difference between FDN and VV?

FDN tracks Dow Jones Internet Index, while VV tracks CRSP US Large Cap Index. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 0.52% for FDN and 0.04% for VV.

Which has better risk-adjusted returns?

VV currently has the higher Sharpe Ratio (2.33 vs 0.54), 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.