FDNI.L vs. KROP.L
FDNI.L (First Trust Dow Jones International Internet ETF Class A USD) and KROP.L (Global X AgTech & Food Innovation UCITS ETF USD Acc) are both Technology Equities funds - FDNI.L tracks the First Trust Dow Jones International Internet ETF Class A USD while KROP.L tracks the Global X AgTech & Food Innovation UCITS ETF USD Acc. Both are passively managed. Over the past 3 years, FDNI.L returned 4.18%/yr vs -2.12%/yr for KROP.L. At a 0.39 correlation, their price movements are largely independent.
Performance
FDNI.L vs. KROP.L - Performance Comparison
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Different Trading Currencies
FDNI.L is traded in GBp, while KROP.L is traded in USD. To make them comparable, the KROP.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FDNI.L achieves a -19.01% return, which is significantly lower than KROP.L's 13.69% 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*
- —
KROP.L
- 1D
- -1.04%
- 1M
- 0.23%
- 6M
- 5.96%
- YTD
- 13.69%
- 1Y
- 8.61%
- 3Y*
- -2.12%
- 5Y*
- —
- 10Y*
- —
FDNI.L vs. KROP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FDNI.L First Trust Dow Jones International Internet ETF Class A USD | -19.01% | 17.62% | 24.52% | -3.10% | -21.63% |
KROP.L Global X AgTech & Food Innovation UCITS ETF USD Acc | 13.69% | -0.05% | -6.73% | -26.39% | -15.16% |
Correlation
The correlation between FDNI.L and KROP.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.39 |
The correlation between FDNI.L and KROP.L shifts across timeframes, from 0.21 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDNI.L vs. KROP.L — Risk / Return Rank
FDNI.L
KROP.L
FDNI.L vs. KROP.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 Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.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 | KROP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.10 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 1.02 | -1.47 |
| Martin ratioReturn relative to average drawdown | -0.79 | 1.90 | -2.70 |
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Drawdowns
FDNI.L vs. KROP.L - Drawdown Comparison
The maximum FDNI.L drawdown since its inception was -64.63%, which is greater than KROP.L's maximum drawdown of -50.76%. Use the drawdown chart below to compare losses from any high point for FDNI.L and KROP.L.
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Drawdown Indicators
| FDNI.L | KROP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.63% | -50.76% | -13.87% |
Max Drawdown (1Y)Largest decline over 1 year | -35.98% | -8.40% | -27.58% |
Max Drawdown (3Y)Largest decline over 3 years | -35.98% | -26.67% | -9.31% |
Max Drawdown (5Y)Largest decline over 5 years | -56.60% | — | — |
Current DrawdownCurrent decline from peak | -47.79% | -39.70% | -8.09% |
Average DrawdownAverage peak-to-trough decline | -27.64% | -34.55% | +6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.58% | 4.51% | +16.07% |
Volatility
FDNI.L vs. KROP.L - Volatility Comparison
First Trust Dow Jones International Internet ETF Class A USD (FDNI.L) has a higher volatility of 5.45% compared to Global X AgTech & Food Innovation UCITS ETF USD Acc (KROP.L) at 4.96%. This indicates that FDNI.L's price experiences larger fluctuations and is considered to be riskier than KROP.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 | KROP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 4.96% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 17.16% | 13.30% | +3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 16.76% | +4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.25% | 20.22% | +13.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,375.51% | 20.22% | +2,355.29% |
Dividends
FDNI.L vs. KROP.L - Dividend Comparison
Neither FDNI.L nor KROP.L has paid dividends to shareholders.
Frequently Asked Questions
FDNI.L and KROP.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDNI.L tracks First Trust Dow Jones International Internet ETF Class A USD, while KROP.L tracks Global X AgTech & Food Innovation UCITS ETF USD Acc. They also come from different issuers: First Trust and Global X.
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