FDNI.L vs. R1GR.L
FDNI.L (First Trust Dow Jones International Internet UCITS ETF Class A USD (Acc)) and R1GR.L (iShares Russell 1000 Growth UCITS ETF USD (Acc)) are both exchange-traded funds - FDNI.L is a Technology Equities fund tracking the Dow Jones International Internet Index, while R1GR.L is a Large Cap Growth Equities fund tracking the Russell 1000 Growth UCITS 30/18 Capped Net Tax 15% Index. Both are passively managed. Over the past 3 years, FDNI.L returned 4.08%/yr vs 18.12%/yr for R1GR.L. At a 0.46 correlation, their price movements are largely independent. FDNI.L charges 0.65%/yr vs 0.18%/yr for R1GR.L.
Performance
FDNI.L vs. R1GR.L - Performance Comparison
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Different Trading Currencies
FDNI.L is traded in GBp, while R1GR.L is traded in USD. To make them comparable, the R1GR.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 -19.25% return, which is significantly lower than R1GR.L's 0.21% return.
FDNI.L
- 1D
- -0.07%
- 1M
- 3.36%
- 6M
- -20.02%
- YTD
- -19.25%
- 1Y
- -17.95%
- 3Y*
- 4.08%
- 5Y*
- -8.28%
- 10Y*
- —
R1GR.L
- 1D
- -2.34%
- 1M
- -4.49%
- 6M
- 0.53%
- YTD
- 0.21%
- 1Y
- 9.57%
- 3Y*
- 18.12%
- 5Y*
- —
- 10Y*
- —
FDNI.L vs. R1GR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FDNI.L First Trust Dow Jones International Internet UCITS ETF Class A USD (Acc) | -19.25% | 17.62% | 24.52% | -1.27% |
R1GR.L iShares Russell 1000 Growth UCITS ETF USD (Acc) | 0.21% | 9.03% | 36.52% | 10.63% |
Correlation
The correlation between FDNI.L and R1GR.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.46 |
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Return for Risk
FDNI.L vs. R1GR.L — Risk / Return Rank
FDNI.L
R1GR.L
FDNI.L vs. R1GR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones International Internet UCITS ETF Class A USD (Acc) (FDNI.L) and iShares Russell 1000 Growth UCITS ETF USD (Acc) (R1GR.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 | R1GR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.11 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 0.61 | -1.07 |
| Martin ratioReturn relative to average drawdown | -0.81 | 1.58 | -2.38 |
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Drawdowns
FDNI.L vs. R1GR.L - Drawdown Comparison
The maximum FDNI.L drawdown since its inception was -64.63%, which is greater than R1GR.L's maximum drawdown of -25.23%. Use the drawdown chart below to compare losses from any high point for FDNI.L and R1GR.L.
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Drawdown Indicators
| FDNI.L | R1GR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.63% | -25.23% | -39.40% |
Max Drawdown (1Y)Largest decline over 1 year | -35.98% | -15.75% | -20.23% |
Max Drawdown (3Y)Largest decline over 3 years | -35.98% | -25.23% | -10.75% |
Max Drawdown (5Y)Largest decline over 5 years | -56.60% | — | — |
Current DrawdownCurrent decline from peak | -47.95% | -7.40% | -40.55% |
Average DrawdownAverage peak-to-trough decline | -27.64% | -4.41% | -23.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.58% | 6.05% | +14.53% |
Volatility
FDNI.L vs. R1GR.L - Volatility Comparison
The current volatility for First Trust Dow Jones International Internet UCITS ETF Class A USD (Acc) (FDNI.L) is 5.46%, while iShares Russell 1000 Growth UCITS ETF USD (Acc) (R1GR.L) has a volatility of 6.01%. This indicates that FDNI.L experiences smaller price fluctuations and is considered to be less risky than R1GR.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 | R1GR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 6.01% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 17.15% | 12.77% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.67% | 16.80% | +4.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.25% | 18.16% | +15.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,375.51% | 18.16% | +2,357.35% |
FDNI.L vs. R1GR.L - Expense Ratio Comparison
FDNI.L has a 0.65% expense ratio, which is higher than R1GR.L's 0.18% expense ratio.
Dividends
FDNI.L vs. R1GR.L - Dividend Comparison
Neither FDNI.L nor R1GR.L has paid dividends to shareholders.
Frequently Asked Questions
FDNI.L and R1GR.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, R1GR.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
R1GR.L is cheaper with a 0.18% expense ratio, compared with 0.65% for FDNI.L.
FDNI.L is categorized as Technology Equities, while R1GR.L is Large Cap Growth Equities. FDNI.L tracks Dow Jones International Internet Index, while R1GR.L tracks Russell 1000 Growth UCITS 30/18 Capped Net Tax 15% Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for FDNI.L and 0.18% for R1GR.L.
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