FDNI vs. EWEB
Compare and contrast key facts about First Trust Dow Jones International Internet ETF (FDNI) and Global X Emerging Markets Internet & E-commerce ETF (EWEB).
FDNI and EWEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDNI is a passively managed fund by First Trust that tracks the performance of the Dow Jones International Internet Index. It was launched on Nov 5, 2018. EWEB is a passively managed fund by Global X that tracks the performance of the NASDAQ Emerging Markets Internet & E-commerce Index. It was launched on Nov 9, 2020. Both FDNI and EWEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDNI or EWEB.
Key characteristics
| FDNI | EWEB |
|---|
Correlation
The correlation between FDNI and EWEB is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FDNI vs. EWEB - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDNI vs. EWEB - Expense Ratio Comparison
Both FDNI and EWEB have an expense ratio of 0.65%.
Risk-Adjusted Performance
FDNI vs. EWEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones International Internet ETF (FDNI) and Global X Emerging Markets Internet & E-commerce ETF (EWEB). 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.
Dividends
FDNI vs. EWEB - Dividend Comparison
Neither FDNI nor EWEB has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | 0.00% | 0.40% | 0.00% | 0.00% | 0.16% | 3.12% |
EWEB Global X Emerging Markets Internet & E-commerce ETF | 0.30% | 0.30% | 0.39% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDNI vs. EWEB - Drawdown Comparison
Volatility
FDNI vs. EWEB - Volatility Comparison
First Trust Dow Jones International Internet ETF (FDNI) has a higher volatility of 9.51% compared to Global X Emerging Markets Internet & E-commerce ETF (EWEB) at 0.00%. This indicates that FDNI's price experiences larger fluctuations and is considered to be riskier than EWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.