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FDNI vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDNI vs. DGRO

Last updated Aug 2, 2026
Documentation

FDNI (First Trust Dow Jones International Internet ETF) and DGRO (iShares Core Dividend Growth ETF) are both Large Cap Growth Equities funds - FDNI tracks the Dow Jones International Internet Index while DGRO tracks the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 5 years, FDNI returned -7.52%/yr vs 11.08%/yr for DGRO. Their 0.39 correlation means their historical movements had little consistent relationship. FDNI charges 0.65%/yr vs 0.08%/yr for DGRO.

Performance

FDNI vs. DGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dow Jones International Internet ETF (FDNI) and iShares Core Dividend Growth ETF (DGRO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FDNI achieves a -18.17% return, which is significantly lower than DGRO's 13.39% return.

FDNI

1D
-0.70%
1M
7.51%
6M
-16.34%
YTD
-18.17%
1Y
-14.73%
3Y*
4.26%
5Y*
-7.52%
10Y*
—
ALL TIME*
5.14%

DGRO

1D
-0.28%
1M
0.97%
6M
9.59%
YTD
13.39%
1Y
24.21%
3Y*
16.30%
5Y*
11.08%
10Y*
13.44%
ALL TIME*
12.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DGRO

iShares Core Dividend Growth ETF
$103.52M$104.25M$110.17M

FDNI

First Trust Dow Jones International Internet ETF
$192.35K$352.24K$738.30K

FDNI vs. DGRO - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
FDNI
First Trust Dow Jones International Internet ETF		-18.17%25.64%22.46%1.78%-38.38%-20.59%85.27%38.38%-8.39%
DGRO
iShares Core Dividend Growth ETF		13.39%15.69%16.62%10.47%-7.91%26.64%9.50%29.87%-6.75%

Correlation

The correlation between FDNI and DGRO is 0.31, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.31

Correlation (3Y)
Balances recent behavior with more history.

0.39

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.39

Correlation (All Time)
Calculated using the full available price history since Nov 7, 2018

0.39

FDNI vs. DGRO - Sectors Allocation Comparison

Sectors
FDNI
DGRO

Consumer Cyclical

41.2%
6.5%

Communication Services

35.0%
0.1%

Technology

19.5%
17.3%

Financial Services

3.7%
20.4%

Real Estate

0.7%

-

Healthcare

0.6%
17.9%

Basic Materials

-

2.5%

Consumer Defensive

-

11.9%

Energy

-

4.8%

Industrials

-

11.3%

Utilities

-

7.3%

Consumer Cyclical

FDNI
41.2%
DGRO
6.5%

Communication Services

FDNI
35.0%
DGRO
0.1%

Technology

FDNI
19.5%
DGRO
17.3%

Financial Services

FDNI
3.7%
DGRO
20.4%

Real Estate

FDNI
0.7%
DGRO

-

Healthcare

FDNI
0.6%
DGRO
17.9%

Basic Materials

FDNI

-

DGRO
2.5%

Consumer Defensive

FDNI

-

DGRO
11.9%

Energy

FDNI

-

DGRO
4.8%

Industrials

FDNI

-

DGRO
11.3%

Utilities

FDNI

-

DGRO
7.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Dow Jones International Internet ETF

iShares Core Dividend Growth ETF

Often compared with FDNI:
FDNI vs. FDNFDNI vs. EMQQFDNI vs. QQQFDNI vs. VGTFDNI vs. KTECFDNI vs. SPYFDNI vs. VUG
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

FDNI vs. DGRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FDNI
FDNI Risk / Return Rank: 55
Overall Rank
FDNI Sharpe Ratio Rank: 44
Sharpe Ratio Rank
FDNI Sortino Ratio Rank: 44
Sortino Ratio Rank
FDNI Omega Ratio Rank: 44
Omega Ratio Rank
FDNI Calmar Ratio Rank: 66
Calmar Ratio Rank
FDNI Martin Ratio Rank: 66
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 9191
Overall Rank
DGRO Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 9393
Sortino Ratio Rank
DGRO Omega Ratio Rank: 9292
Omega Ratio Rank
DGRO Calmar Ratio Rank: 8888
Calmar Ratio Rank
DGRO Martin Ratio Rank: 9090
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDNI vs. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones International Internet ETF (FDNI) and iShares Core Dividend Growth ETF (DGRO). 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.

FDNIDGRODifference
Sharpe ratioReturn per unit of total volatility
-0.66
2.44

-3.10

Sortino ratioReturn per unit of downside risk
-0.82
3.55

-4.37

Omega ratioGain probability vs. loss probability

0.91

1.45

-0.54

Calmar ratioReturn relative to maximum drawdown

-0.45

3.61

-4.05

Martin ratioReturn relative to average drawdown

-0.77

14.07

-14.84

FDNI vs. DGRO - Sharpe Ratio Comparison

The current FDNI Sharpe Ratio is -0.66, which is lower than the DGRO Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of FDNI and DGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FDNI vs. DGRO - Drawdown Comparison

The maximum FDNI drawdown since its inception was -71.08%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for FDNI and DGRO.

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Drawdown Indicators

FDNIDGRODifference

Max Drawdown

Largest peak-to-trough decline

-71.08%

-35.10%

-35.98%

Max Drawdown (1Y)

Largest decline over 1 year

-37.42%

-6.47%

-30.95%

Max Drawdown (3Y)

Largest decline over 3 years

-37.42%

-14.03%

-23.39%

Max Drawdown (5Y)

Largest decline over 5 years

-63.70%

-19.31%

-44.39%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.10%

—

Current Drawdown

Current decline from peak

-49.38%

-1.35%

-48.03%

Average Drawdown

Average peak-to-trough decline

-34.88%

-3.41%

-31.47%

Ulcer Index

Depth and duration of drawdowns from previous peaks

21.59%

1.66%

+19.93%

Volatility

FDNI vs. DGRO - Volatility Comparison

First Trust Dow Jones International Internet ETF (FDNI) has a higher volatility of 7.30% compared to iShares Core Dividend Growth ETF (DGRO) at 3.21%. This indicates that FDNI's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FDNIDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

7.30%

3.21%

+4.09%

Volatility (6M)

Calculated over the trailing 6-month period

20.06%

7.12%

+12.94%

Volatility (1Y)

Calculated over the trailing 1-year period

25.13%

9.61%

+15.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.57%

13.79%

+22.78%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.39%

16.58%

+17.81%

FDNI vs. DGRO - Expense Ratio Comparison

FDNI has a 0.65% expense ratio, which is higher than DGRO's 0.08% expense ratio.

Dividends

FDNI vs. DGRO - Dividend Comparison

FDNI's dividend yield for the trailing twelve months is around 1.36%, less than DGRO's 1.89% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.89%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
FDNI
First Trust Dow Jones International Internet ETF		1.36%1.12%1.07%0.40%0.00%0.00%0.16%3.12%0.00%0.00%0.00%0.00%

Frequently Asked Questions

FDNI and DGRO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FDNI has higher volatility (7.30%) compared to DGRO (3.21%). In terms of maximum drawdown, FDNI dropped -71.08% vs DGRO's -35.10%.

On 5-year performance, DGRO leads with 11.08% vs -7.52% for FDNI. On fees, DGRO is cheaper at 0.08% per year. On volatility, DGRO has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DGRO has performed better with a 11.08% return vs -7.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DGRO is cheaper with a 0.08% expense ratio, compared with 0.65% for FDNI.

DGRO has the higher dividend yield at 1.89%, compared with 1.36% for FDNI.

FDNI tracks Dow Jones International Internet Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for FDNI and 0.08% for DGRO.

DGRO currently has the higher Sharpe Ratio (2.44 vs -0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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