FDNI.L vs. LEGR.L
FDNI.L (First Trust Dow Jones International Internet ETF Class A USD) and LEGR.L (First Trust Indxx Innovative Transaction & Process UCITS ETF) are both Technology Equities funds from First Trust - FDNI.L tracks the First Trust Dow Jones International Internet ETF Class A USD while LEGR.L tracks the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, FDNI.L returned -8.22%/yr vs 12.04%/yr for LEGR.L. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
FDNI.L vs. LEGR.L - Performance Comparison
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Different Trading Currencies
FDNI.L is traded in GBp, while LEGR.L is traded in USD. To make them comparable, the LEGR.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 LEGR.L's 8.84% 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*
- —
LEGR.L
- 1D
- -1.15%
- 1M
- -3.64%
- 6M
- 6.10%
- YTD
- 8.84%
- 1Y
- 21.89%
- 3Y*
- 19.38%
- 5Y*
- 12.04%
- 10Y*
- —
FDNI.L vs. LEGR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -11.43% |
LEGR.L First Trust Indxx Innovative Transaction & Process UCITS ETF | 8.84% | 22.21% | 18.34% | 15.72% | -8.88% | 18.51% | 15.53% | 21.78% | 1.20% |
Correlation
The correlation between FDNI.L and LEGR.L is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2018 | 0.62 |
The correlation between FDNI.L and LEGR.L has been stable across timeframes, ranging from 0.58 to 0.62 - a consistent structural relationship.
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Return for Risk
FDNI.L vs. LEGR.L — Risk / Return Rank
FDNI.L
LEGR.L
FDNI.L vs. LEGR.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 Indxx Innovative Transaction & Process UCITS ETF (LEGR.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 | LEGR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.27 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 2.85 | -3.31 |
| Martin ratioReturn relative to average drawdown | -0.79 | 8.67 | -9.47 |
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Drawdowns
FDNI.L vs. LEGR.L - Drawdown Comparison
The maximum FDNI.L drawdown since its inception was -64.63%, which is greater than LEGR.L's maximum drawdown of -26.80%. Use the drawdown chart below to compare losses from any high point for FDNI.L and LEGR.L.
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Drawdown Indicators
| FDNI.L | LEGR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.63% | -26.80% | -37.83% |
Max Drawdown (1Y)Largest decline over 1 year | -35.98% | -7.63% | -28.35% |
Max Drawdown (3Y)Largest decline over 3 years | -35.98% | -15.31% | -20.67% |
Max Drawdown (5Y)Largest decline over 5 years | -56.60% | -16.60% | -40.00% |
Current DrawdownCurrent decline from peak | -47.79% | -4.48% | -43.31% |
Average DrawdownAverage peak-to-trough decline | -27.64% | -4.33% | -23.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.58% | 2.52% | +18.06% |
Volatility
FDNI.L vs. LEGR.L - Volatility Comparison
First Trust Dow Jones International Internet ETF Class A USD (FDNI.L) has a higher volatility of 5.45% compared to First Trust Indxx Innovative Transaction & Process UCITS ETF (LEGR.L) at 4.21%. This indicates that FDNI.L's price experiences larger fluctuations and is considered to be riskier than LEGR.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 | LEGR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 4.21% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 17.16% | 11.85% | +5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 14.41% | +7.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.25% | 15.32% | +17.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,375.51% | 17.40% | +2,358.11% |
Dividends
FDNI.L vs. LEGR.L - Dividend Comparison
Neither FDNI.L nor LEGR.L has paid dividends to shareholders.
Frequently Asked Questions
FDNI.L and LEGR.L have a correlation of 0.58, 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 LEGR.L tracks MSCI World/Information Tech NR USD.
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