FDNI vs. GRW

Last updated Jun 4, 2026

FDNI (First Trust Dow Jones International Internet ETF) and GRW (TCW Durable Growth ETF) are both Large Cap Growth Equities funds. FDNI is passively managed, while GRW is actively managed. At a 0.20 correlation, their price movements are largely independent. FDNI charges 0.65%/yr vs 0.75%/yr for GRW.

Performance

FDNI vs. GRW - Performance Comparison

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

Returns By Period

FDNI

• 1D: -3.40%
• 1M: -1.01%
• YTD: -18.16%
• 6M: -18.40%
• 1Y: -12.94%
• 3Y*: 8.13%
• 5Y*: -8.73%
• 10Y*: —

GRW

• 1D: -0.32%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDNI vs. GRW - Yearly Performance Comparison

	2026 (YTD)
FDNI First Trust Dow Jones International Internet ETF	1.33%
GRW TCW Durable Growth ETF	1.29%

Correlation

The correlation between FDNI and GRW is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.20

FDNI vs. GRW - Sectors Allocation Comparison

Sectors	FDNI	GRW
Consumer Cyclical	43.5%	8.3%
Communication Services	34.7%	9.1%
Technology	17.2%	26.6%
Financial Services	3.9%	9.8%
Real Estate	0.7%	-
Healthcare	0.7%	4.1%
Basic Materials	-	4.0%
Consumer Defensive	-	-
Energy	-	-
Industrials	-	38.1%
Utilities	-	-

Return for Risk

FDNI vs. GRW — Risk / Return Rank

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

FDNI

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

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 vs. GRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones International Internet ETF (FDNI) and TCW Durable Growth ETF (GRW). 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	GRW	Difference
Sharpe ratio Return per unit of total volatility	-0.54	—	—
Sortino ratio Return per unit of downside risk	-0.63	—	—
Omega ratio Gain probability vs. loss probability	0.93	—	—
Calmar ratio Return relative to maximum drawdown	-0.39	—	—
Martin ratio Return relative to average drawdown	-0.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FDNI	GRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.54	—	—
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	14.00	-13.85

Drawdowns

FDNI vs. GRW - Drawdown Comparison

The maximum FDNI drawdown since its inception was -71.08%, which is greater than GRW's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for FDNI and GRW.

Drawdown Indicators

	FDNI	GRW	Difference
Max Drawdown Largest peak-to-trough decline	-71.08%	-0.45%	-70.63%
Max Drawdown (1Y) Largest decline over 1 year	-33.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-65.86%	—	—
Current Drawdown Current decline from peak	-49.38%	-0.45%	-48.93%
Average Drawdown Average peak-to-trough decline	-34.55%	-0.14%	-34.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.27%	—	—

Volatility

Volatility by Period

	FDNI	GRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.95%	10.19%	+13.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.63%	10.19%	+26.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.57%	10.19%	+24.38%

FDNI vs. GRW - Expense Ratio Comparison

FDNI has a 0.65% expense ratio, which is lower than GRW's 0.75% expense ratio.

Dividends

FDNI vs. GRW - Dividend Comparison

FDNI's dividend yield for the trailing twelve months is around 1.36%, while GRW has not paid dividends to shareholders.

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%
GRW TCW Durable Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDNI and GRW in my portfolio?

FDNI and GRW have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDNI or GRW?

On fees, FDNI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDNI or GRW?

FDNI is cheaper with a 0.65% expense ratio, compared with 0.75% for GRW.

Which ETF pays a higher dividend yield, FDNI or GRW?

FDNI has the higher dividend yield at 1.36%, compared with 0.00% for GRW.

What is the main difference between FDNI and GRW?

They also come from different issuers: First Trust and TCW. Their fees differ too: 0.65% for FDNI and 0.75% for GRW.