FDNI.L vs. FPX.L
FDNI.L (First Trust Dow Jones International Internet ETF Class A USD) and FPX.L (First Trust US IPO Index UCITS ETF) are both exchange-traded funds - FDNI.L is a Technology Equities fund tracking the First Trust Dow Jones International Internet ETF Class A USD, while FPX.L is a Large Cap Growth Equities fund tracking the Russell 1000 Growth TR USD. Both are passively managed. Over the past 5 years, FDNI.L returned -8.22%/yr vs 9.68%/yr for FPX.L. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
FDNI.L vs. FPX.L - Performance Comparison
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Returns By Period
In the year-to-date period, FDNI.L achieves a -19.01% return, which is significantly lower than FPX.L's 12.83% return.
FDNI.L
- 1D
- 0.22%
- 1M
- 2.11%
- 6M
- -21.40%
- YTD
- -19.01%
- 1Y
- -16.52%
- 3Y*
- 4.18%
- 5Y*
- -8.22%
- 10Y*
- —
FPX.L
- 1D
- -3.38%
- 1M
- -5.92%
- 6M
- 11.57%
- YTD
- 12.83%
- 1Y
- 27.99%
- 3Y*
- 25.41%
- 5Y*
- 9.68%
- 10Y*
- 13.58%
FDNI.L vs. FPX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDNI.L First Trust Dow Jones International Internet ETF Class A USD | -19.01% | 17.62% | 24.52% | -3.10% | -31.88% | 6,246.96% | 4.74% | 23.78% | -14.65% | 23.90% |
FPX.L First Trust US IPO Index UCITS ETF | 12.83% | 26.94% | 27.65% | 16.72% | -28.22% | 3.98% | 43.83% | 25.95% | -4.42% | 11.93% |
Correlation
The correlation between FDNI.L and FPX.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2017 | 0.53 |
The correlation between FDNI.L and FPX.L shifts across timeframes, from 0.36 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FDNI.L vs. FPX.L — Risk / Return Rank
FDNI.L
FPX.L
FDNI.L vs. FPX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones International Internet ETF Class A USD (FDNI.L) and First Trust US IPO Index UCITS ETF (FPX.L). 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.
| FDNI.L | FPX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.20 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 2.29 | -2.74 |
| Martin ratioReturn relative to average drawdown | -0.79 | 6.85 | -7.64 |
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Drawdowns
FDNI.L vs. FPX.L - Drawdown Comparison
The maximum FDNI.L drawdown since its inception was -64.63%, which is greater than FPX.L's maximum drawdown of -46.68%. Use the drawdown chart below to compare losses from any high point for FDNI.L and FPX.L.
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Drawdown Indicators
| FDNI.L | FPX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.63% | -46.68% | -17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -35.98% | -12.19% | -23.79% |
Max Drawdown (3Y)Largest decline over 3 years | -35.98% | -32.16% | -3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -56.60% | -36.97% | -19.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.97% | — |
Current DrawdownCurrent decline from peak | -47.79% | -9.89% | -37.90% |
Average DrawdownAverage peak-to-trough decline | -27.64% | -15.43% | -12.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.58% | 4.08% | +16.50% |
Volatility
FDNI.L vs. FPX.L - Volatility Comparison
The current volatility for First Trust Dow Jones International Internet ETF Class A USD (FDNI.L) is 5.45%, while First Trust US IPO Index UCITS ETF (FPX.L) has a volatility of 9.12%. This indicates that FDNI.L experiences smaller price fluctuations and is considered to be less risky than FPX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDNI.L | FPX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 9.12% | -3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 17.16% | 17.04% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 24.48% | -2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.25% | 24.75% | +8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,375.51% | 22.59% | +2,352.92% |
Dividends
FDNI.L vs. FPX.L - Dividend Comparison
Neither FDNI.L nor FPX.L has paid dividends to shareholders.
Frequently Asked Questions
FDNI.L and FPX.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDNI.L is categorized as Technology Equities, while FPX.L is Large Cap Growth Equities. FDNI.L tracks First Trust Dow Jones International Internet ETF Class A USD, while FPX.L tracks Russell 1000 Growth TR USD.
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