FDNI vs. FMTM
FDNI (First Trust Dow Jones International Internet ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - FDNI is a Large Cap Growth Equities fund tracking the Dow Jones International Internet Index, while FMTM is a Momentum fund. FDNI is passively managed, while FMTM is actively managed. Over the past year, FDNI returned -12.94% vs 63.62% for FMTM. At a 0.47 correlation, their price movements are largely independent. FDNI charges 0.65%/yr vs 0.45%/yr for FMTM.
Performance
FDNI vs. FMTM - Performance Comparison
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Returns By Period
In the year-to-date period, FDNI achieves a -18.16% return, which is significantly lower than FMTM's 31.75% return.
FDNI
- 1D
- -3.40%
- 1M
- -1.01%
- YTD
- -18.16%
- 6M
- -18.40%
- 1Y
- -12.94%
- 3Y*
- 8.13%
- 5Y*
- -8.73%
- 10Y*
- —
FMTM
- 1D
- 0.50%
- 1M
- 6.28%
- YTD
- 31.75%
- 6M
- 34.74%
- 1Y
- 63.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDNI vs. FMTM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | -18.16% | 5.54% |
FMTM MarketDesk Focused U.S. Momentum ETF | 31.75% | 27.90% |
Correlation
The correlation between FDNI and FMTM 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 (All Time) Calculated using the full available price history since Mar 21, 2025 | 0.47 |
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Return for Risk
FDNI vs. FMTM — Risk / Return Rank
FDNI
FMTM
FDNI vs. FMTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones International Internet ETF (FDNI) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.
| FDNI | FMTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.34 | ||
| Sortino ratioReturn per unit of downside risk | -4.06 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.46 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 5.28 | -5.67 |
| Martin ratioReturn relative to average drawdown | -0.75 | 20.62 | -21.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDNI | FMTM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.54 | 2.80 | -3.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 2.38 | -2.23 |
Drawdowns
FDNI vs. FMTM - Drawdown Comparison
The maximum FDNI drawdown since its inception was -71.08%, which is greater than FMTM's maximum drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for FDNI and FMTM.
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Drawdown Indicators
| FDNI | FMTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.08% | -12.12% | -58.96% |
Max Drawdown (1Y)Largest decline over 1 year | -33.22% | -12.12% | -21.10% |
Max Drawdown (3Y)Largest decline over 3 years | -33.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -65.86% | — | — |
Current DrawdownCurrent decline from peak | -49.38% | 0.00% | -49.38% |
Average DrawdownAverage peak-to-trough decline | -34.55% | -1.89% | -32.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.27% | 3.10% | +14.17% |
Volatility
FDNI vs. FMTM - Volatility Comparison
First Trust Dow Jones International Internet ETF (FDNI) has a higher volatility of 7.96% compared to MarketDesk Focused U.S. Momentum ETF (FMTM) at 6.52%. This indicates that FDNI's price experiences larger fluctuations and is considered to be riskier than FMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDNI | FMTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 6.52% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 18.80% | 17.83% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.95% | 22.82% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.63% | 22.94% | +13.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.57% | 22.94% | +11.63% |
FDNI vs. FMTM - Expense Ratio Comparison
FDNI has a 0.65% expense ratio, which is higher than FMTM's 0.45% expense ratio.
Dividends
FDNI vs. FMTM - Dividend Comparison
FDNI's dividend yield for the trailing twelve months is around 1.36%, more than FMTM's 0.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | 1.36% | 1.12% | 1.07% | 0.40% | 0.00% | 0.00% | 0.16% | 3.12% |
FMTM MarketDesk Focused U.S. Momentum ETF | 0.22% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDNI and FMTM 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.
FDNI has higher volatility (7.96%) compared to FMTM (6.52%). In terms of maximum drawdown, FDNI dropped -71.08% vs FMTM's -12.12%.
On 1-year performance, FMTM leads with 63.62% vs -12.94% for FDNI. On fees, FMTM is cheaper at 0.45% per year. On volatility, FMTM has been the lower-risk option at 6.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FMTM has performed better with a 63.62% return vs -12.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FMTM is cheaper with a 0.45% expense ratio, compared with 0.65% for FDNI.
FDNI has the higher dividend yield at 1.36%, compared with 0.22% for FMTM.
FDNI is categorized as Large Cap Growth Equities, while FMTM is Momentum. Their fees differ too: 0.65% for FDNI and 0.45% for FMTM.
FMTM currently has the higher Sharpe Ratio (2.80 vs -0.54), 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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