FDNI.L vs. SMGB.L

Last updated Jul 16, 2026

FDNI.L (First Trust Dow Jones International Internet ETF Class A USD) and SMGB.L (VanEck Semiconductor 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 SMGB.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past 5 years, FDNI.L returned -8.22%/yr vs 36.22%/yr for SMGB.L. At a 0.48 correlation, their price movements are largely independent.

Performance

FDNI.L vs. SMGB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Dow Jones International Internet ETF Class A USD (FDNI.L) and VanEck Semiconductor UCITS ETF (SMGB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FDNI.L is traded in GBp, while SMGB.L is traded in GBP. To make them comparable, the SMGB.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 SMGB.L's 76.18% 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*: —

SMGB.L

• 1D: -4.19%
• 1M: -9.43%
• 6M: 62.45%
• YTD: 76.18%
• 1Y: 122.30%
• 3Y*: 52.80%
• 5Y*: 36.22%
• 10Y*: —

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

FDNI.L vs. SMGB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
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%	3.93%
SMGB.L VanEck Semiconductor UCITS ETF	76.18%	38.79%	26.32%	66.15%	-27.78%	44.41%	-0.72%

Correlation

The correlation between FDNI.L and SMGB.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Dec 10, 2020	0.48

The correlation between FDNI.L and SMGB.L shifts across timeframes, from 0.38 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FDNI.L vs. SMGB.L — Risk / Return Rank

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

FDNI.L

FDNI.L Risk / Return Rank: 4
FDNI.L Sharpe Ratio Rank: 3
FDNI.L Sortino Ratio Rank: 4
FDNI.L Omega Ratio Rank: 4
FDNI.L Calmar Ratio Rank: 5
FDNI.L Martin Ratio Rank: 5

SMGB.L

SMGB.L Risk / Return Rank: 95
SMGB.L Sharpe Ratio Rank: 96
SMGB.L Sortino Ratio Rank: 93
SMGB.L Omega Ratio Rank: 91
SMGB.L Calmar Ratio Rank: 97
SMGB.L Martin Ratio Rank: 96

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.

FDNI.L vs. SMGB.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 VanEck Semiconductor UCITS ETF (SMGB.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	SMGB.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	3.38	-4.13
Sortino ratio: Return per unit of downside risk	-0.95	3.71	-4.66
Omega ratio: Gain probability vs. loss probability	0.89	1.48	-0.59
Calmar ratio: Return relative to maximum drawdown	-0.45	8.37	-8.83
Martin ratio: Return relative to average drawdown	-0.79	28.90	-29.70

FDNI.L vs. SMGB.L - Sharpe Ratio Comparison

The current FDNI.L Sharpe Ratio is -0.75, which is lower than the SMGB.L Sharpe Ratio of 3.38. The chart below compares the historical Sharpe Ratios of FDNI.L and SMGB.L, 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

FDNI.L vs. SMGB.L - Drawdown Comparison

The maximum FDNI.L drawdown since its inception was -64.63%, which is greater than SMGB.L's maximum drawdown of -36.23%. Use the drawdown chart below to compare losses from any high point for FDNI.L and SMGB.L.

Drawdown Indicators

	FDNI.L	SMGB.L	Difference
Max Drawdown Largest peak-to-trough decline	-64.63%	-36.23%	-28.40%
Max Drawdown (1Y) Largest decline over 1 year	-35.98%	-14.52%	-21.46%
Max Drawdown (3Y) Largest decline over 3 years	-35.98%	-36.23%	+0.25%
Max Drawdown (5Y) Largest decline over 5 years	-56.60%	-36.23%	-20.37%
Current Drawdown Current decline from peak	-47.79%	-13.53%	-34.26%
Average Drawdown Average peak-to-trough decline	-27.64%	-9.77%	-17.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.58%	4.22%	+16.36%

Volatility

FDNI.L vs. SMGB.L - Volatility Comparison

The current volatility for First Trust Dow Jones International Internet ETF Class A USD (FDNI.L) is 5.45%, while VanEck Semiconductor UCITS ETF (SMGB.L) has a volatility of 16.71%. This indicates that FDNI.L experiences smaller price fluctuations and is considered to be less risky than SMGB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDNI.L	SMGB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	16.71%	-11.26%
Volatility (6M) Calculated over the trailing 6-month period	17.16%	29.79%	-12.63%
Volatility (1Y) Calculated over the trailing 1-year period	21.67%	36.04%	-14.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.25%	31.55%	+1.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2,375.51%	30.99%	+2,344.52%

Dividends

FDNI.L vs. SMGB.L - Dividend Comparison

Neither FDNI.L nor SMGB.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FDNI.L and SMGB.L in my portfolio?

FDNI.L and SMGB.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FDNI.L and SMGB.L?

FDNI.L is categorized as Technology Equities, while SMGB.L is Semiconductors. FDNI.L tracks First Trust Dow Jones International Internet ETF Class A USD, while SMGB.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: First Trust and VanEck.