FDND vs. FDN

Last updated Jun 24, 2026

FDND (FT Vest Dow Jones Internet & Target Income ETF) and FDN (First Trust Dow Jones Internet Index) are both exchange-traded funds - FDND is a Technology Equities fund actively managed by FT Vest, while FDN is a Large Cap Growth Equities fund tracking the Dow Jones Internet Index. FDND is actively managed, while FDN is passively managed. Over the past year, FDND returned -1.75% vs 0.72% for FDN. With a 0.99 correlation, they move nearly in lockstep. FDND charges 0.75%/yr vs 0.52%/yr for FDN.

Performance

FDND vs. FDN - Performance Comparison

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

Returns By Period

In the year-to-date period, FDND achieves a -5.36% return, which is significantly lower than FDN's -3.99% return.

FDND

• 1D: -0.46%
• 1M: -5.74%
• YTD: -5.36%
• 6M: -6.14%
• 1Y: -1.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDN

• 1D: -0.49%
• 1M: -5.63%
• YTD: -3.99%
• 6M: -4.90%
• 1Y: 0.72%
• 3Y*: 17.44%
• 5Y*: 1.19%
• 10Y*: 13.85%

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

FDND vs. FDN - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDND FT Vest Dow Jones Internet & Target Income ETF	-5.36%	9.69%	15.85%
FDN First Trust Dow Jones Internet Index	-3.99%	10.70%	18.04%

Correlation

The correlation between FDND and FDN 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 21, 2024	0.99

The correlation between FDND and FDN has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

FDND vs. FDN — Risk / Return Rank

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

FDND

FDND Risk / Return Rank: 8
FDND Sharpe Ratio Rank: 8
FDND Sortino Ratio Rank: 8
FDND Omega Ratio Rank: 7
FDND Calmar Ratio Rank: 8
FDND Martin Ratio Rank: 8

FDN

FDN Risk / Return Rank: 9
FDN Sharpe Ratio Rank: 9
FDN Sortino Ratio Rank: 9
FDN Omega Ratio Rank: 9
FDN Calmar Ratio Rank: 9
FDN Martin Ratio Rank: 9

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.

FDND vs. FDN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Dow Jones Internet & Target Income ETF (FDND) and First Trust Dow Jones Internet Index (FDN). 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.

	FDND	FDN	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	0.04	-0.13
Sortino ratio: Return per unit of downside risk	0.00	0.18	-0.18
Omega ratio: Gain probability vs. loss probability	1.00	1.02	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.09	0.03	-0.12
Martin ratio: Return relative to average drawdown	-0.20	0.09	-0.29

FDND vs. FDN - Sharpe Ratio Comparison

The current FDND Sharpe Ratio is -0.09, which is lower than the FDN Sharpe Ratio of 0.04. The chart below compares the historical Sharpe Ratios of FDND and FDN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDND vs. FDN - Drawdown Comparison

The maximum FDND drawdown since its inception was -24.12%, smaller than the maximum FDN drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for FDND and FDN.

Drawdown Indicators

	FDND	FDN	Difference
Max Drawdown Largest peak-to-trough decline	-24.12%	-61.55%	+37.43%
Max Drawdown (1Y) Largest decline over 1 year	-20.49%	-21.31%	+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 Drawdown Current decline from peak	-11.51%	-10.81%	-0.70%
Average Drawdown Average peak-to-trough decline	-5.73%	-11.81%	+6.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.62%	8.54%	+0.08%

Volatility

FDND vs. FDN - Volatility Comparison

FT Vest Dow Jones Internet & Target Income ETF (FDND) and First Trust Dow Jones Internet Index (FDN) have volatilities of 7.22% and 7.48%, 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.

Volatility by Period

	FDND	FDN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.22%	7.48%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	15.02%	15.51%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	18.96%	19.77%	-0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.49%	27.36%	-5.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.49%	25.63%	-4.14%

FDND vs. FDN - Expense Ratio Comparison

FDND has a 0.75% expense ratio, which is higher than FDN's 0.52% expense ratio.

Dividends

FDND vs. FDN - Dividend Comparison

FDND's dividend yield for the trailing twelve months is around 8.63%, while FDN has not paid dividends to shareholders.

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	8.63%	8.11%	5.51%

Frequently Asked Questions

Can I hold both FDND and FDN in my portfolio?

With a correlation of 0.99, FDND and FDN 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.

Which is riskier, FDND or FDN?

FDN has higher volatility (7.48%) compared to FDND (7.22%). In terms of maximum drawdown, FDND dropped -24.12% vs FDN's -61.55%.

Which ETF is better, FDND or FDN?

On 1-year performance, FDN leads with 0.72% vs -1.75% for FDND. On fees, FDN is cheaper at 0.52% per year. On volatility, FDND has been the lower-risk option at 7.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDND or FDN?

Over the 1-year period, FDN has performed better with a 0.72% return vs -1.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDND or FDN?

FDN is cheaper with a 0.52% expense ratio, compared with 0.75% for FDND.

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

FDND has the higher dividend yield at 8.63%, compared with 0.00% for FDN.

What is the main difference between FDND and FDN?

FDND is categorized as Technology Equities, while FDN is Large Cap Growth Equities. They also come from different issuers: FT Vest and First Trust. Their fees differ too: 0.75% for FDND and 0.52% for FDN.

Which has better risk-adjusted returns?

FDN currently has the higher Sharpe Ratio (0.04 vs -0.09), 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.