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FDNI vs. ILCB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDNI vs. ILCB

Last updated Aug 2, 2026
Documentation

FDNI (First Trust Dow Jones International Internet ETF) and ILCB (iShares Morningstar U.S. Equity ETF) are both Large Cap Growth Equities funds - FDNI tracks the Dow Jones International Internet Index while ILCB tracks the Morningstar US Large-Mid Cap Index. Both are passively managed. Over the past 5 years, FDNI returned -7.52%/yr vs 12.26%/yr for ILCB. Their 0.53 correlation means they have sometimes moved together and sometimes differently. FDNI charges 0.65%/yr vs 0.03%/yr for ILCB.

Performance

FDNI vs. ILCB - 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 Morningstar U.S. Equity ETF (ILCB). 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 ILCB's 10.04% 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%

ILCB

1D
0.68%
1M
0.02%
6M
8.59%
YTD
10.04%
1Y
21.14%
3Y*
19.48%
5Y*
12.26%
10Y*
14.38%
ALL TIME*
11.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

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

FDNI

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

ILCB

iShares Morningstar U.S. Equity ETF
$856.67K$1.50M$1.33M

FDNI vs. ILCB - 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%
ILCB
iShares Morningstar U.S. Equity ETF		10.04%17.70%24.96%26.91%-19.48%24.07%19.40%32.68%-9.93%

Correlation

The correlation between FDNI and ILCB is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

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

0.59

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

0.55

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

0.53

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

0.53

The correlation between FDNI and ILCB has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.

FDNI vs. ILCB - Sectors Allocation Comparison

Sectors
FDNI
ILCB

Consumer Cyclical

41.2%
9.4%

Communication Services

35.0%
9.8%

Technology

19.5%
38.4%

Financial Services

3.7%
11.4%

Real Estate

0.7%
1.7%

Healthcare

0.6%
9.0%

Basic Materials

-

1.8%

Consumer Defensive

-

4.4%

Energy

-

3.1%

Industrials

-

8.9%

Utilities

-

2.2%

Consumer Cyclical

FDNI
41.2%
ILCB
9.4%

Communication Services

FDNI
35.0%
ILCB
9.8%

Technology

FDNI
19.5%
ILCB
38.4%

Financial Services

FDNI
3.7%
ILCB
11.4%

Real Estate

FDNI
0.7%
ILCB
1.7%

Healthcare

FDNI
0.6%
ILCB
9.0%

Basic Materials

FDNI

-

ILCB
1.8%

Consumer Defensive

FDNI

-

ILCB
4.4%

Energy

FDNI

-

ILCB
3.1%

Industrials

FDNI

-

ILCB
8.9%

Utilities

FDNI

-

ILCB
2.2%

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 Morningstar U.S. Equity ETF

Often compared with FDNI:
FDNI vs. FDNFDNI vs. EMQQFDNI vs. QQQFDNI vs. VGTFDNI vs. KTECFDNI vs. SPYFDNI vs. VUG
Often compared with ILCB:
ILCB vs. ILCGILCB vs. VOOILCB vs. IVVILCB vs. SPYILCB vs. SCHBILCB vs. VTIILCB vs. BBUS

Return for Risk

FDNI vs. ILCB — 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
ILCB
ILCB Risk / Return Rank: 6464
Overall Rank
ILCB Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
ILCB Sortino Ratio Rank: 6161
Sortino Ratio Rank
ILCB Omega Ratio Rank: 6262
Omega Ratio Rank
ILCB Calmar Ratio Rank: 6060
Calmar Ratio Rank
ILCB Martin Ratio Rank: 7373
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. ILCB - 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 Morningstar U.S. Equity ETF (ILCB). 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.

FDNIILCBDifference
Sharpe ratioReturn per unit of total volatility
-0.66
1.48

-2.14

Sortino ratioReturn per unit of downside risk
-0.82
2.07

-2.88

Omega ratioGain probability vs. loss probability

0.91

1.26

-0.36

Calmar ratioReturn relative to maximum drawdown

-0.45

2.12

-2.56

Martin ratioReturn relative to average drawdown

-0.77

8.94

-9.71

FDNI vs. ILCB - Sharpe Ratio Comparison

The current FDNI Sharpe Ratio is -0.66, which is lower than the ILCB Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of FDNI and ILCB, 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. ILCB - Drawdown Comparison

The maximum FDNI drawdown since its inception was -71.08%, which is greater than ILCB's maximum drawdown of -51.53%. Use the drawdown chart below to compare losses from any high point for FDNI and ILCB.

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Drawdown Indicators

FDNIILCBDifference

Max Drawdown

Largest peak-to-trough decline

-71.08%

-51.53%

-19.55%

Max Drawdown (1Y)

Largest decline over 1 year

-37.42%

-9.09%

-28.33%

Max Drawdown (3Y)

Largest decline over 3 years

-37.42%

-19.05%

-18.37%

Max Drawdown (5Y)

Largest decline over 5 years

-63.70%

-25.47%

-38.23%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.30%

—

Current Drawdown

Current decline from peak

-49.38%

-1.64%

-47.74%

Average Drawdown

Average peak-to-trough decline

-34.88%

-6.21%

-28.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

21.59%

2.15%

+19.44%

Volatility

FDNI vs. ILCB - Volatility Comparison

First Trust Dow Jones International Internet ETF (FDNI) has a higher volatility of 7.30% compared to iShares Morningstar U.S. Equity ETF (ILCB) at 3.59%. This indicates that FDNI's price experiences larger fluctuations and is considered to be riskier than ILCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FDNIILCBDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.30%

3.59%

+3.71%

Volatility (6M)

Calculated over the trailing 6-month period

20.06%

10.22%

+9.84%

Volatility (1Y)

Calculated over the trailing 1-year period

25.13%

13.01%

+12.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

36.57%

17.24%

+19.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

34.39%

18.18%

+16.21%

FDNI vs. ILCB - Expense Ratio Comparison

FDNI has a 0.65% expense ratio, which is higher than ILCB's 0.03% expense ratio.

Dividends

FDNI vs. ILCB - Dividend Comparison

FDNI's dividend yield for the trailing twelve months is around 1.36%, more than ILCB's 0.98% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
ILCB
iShares Morningstar U.S. Equity ETF		0.98%1.11%1.19%1.43%1.65%1.16%1.26%2.25%2.17%1.81%1.97%2.44%

Frequently Asked Questions

FDNI and ILCB have a correlation of 0.59, 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 ILCB (3.59%). In terms of maximum drawdown, FDNI dropped -71.08% vs ILCB's -51.53%.

On 5-year performance, ILCB leads with 12.26% vs -7.52% for FDNI. On fees, ILCB is cheaper at 0.03% per year. On volatility, ILCB has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ILCB has performed better with a 12.26% return vs -7.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ILCB is cheaper with a 0.03% expense ratio, compared with 0.65% for FDNI.

FDNI has the higher dividend yield at 1.36%, compared with 0.98% for ILCB.

FDNI tracks Dow Jones International Internet Index, while ILCB tracks Morningstar US Large-Mid Cap Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.65% for FDNI and 0.03% for ILCB.

ILCB currently has the higher Sharpe Ratio (1.48 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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