FDNI vs. QQQ
Compare and contrast key facts about First Trust Dow Jones International Internet ETF (FDNI) and Invesco QQQ (QQQ).
FDNI and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both FDNI and QQQ 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 QQQ.
Key characteristics
| FDNI | QQQ | |
|---|---|---|
| YTD Return | 24.92% | 26.02% |
| 1Y Return | 33.01% | 36.73% |
| 3Y Return (Ann) | -14.01% | 9.97% |
| 5Y Return (Ann) | 5.01% | 21.44% |
| Sharpe Ratio | 1.22 | 2.28 |
| Sortino Ratio | 1.83 | 2.98 |
| Omega Ratio | 1.22 | 1.41 |
| Calmar Ratio | 0.54 | 2.94 |
| Martin Ratio | 6.43 | 10.71 |
| Ulcer Index | 5.21% | 3.72% |
| Daily Std Dev | 27.62% | 17.35% |
| Max Drawdown | -71.08% | -82.98% |
| Current Drawdown | -49.78% | -0.06% |
Correlation
The correlation between FDNI and QQQ is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDNI vs. QQQ - Performance Comparison
The year-to-date returns for both investments are quite close, with FDNI having a 24.92% return and QQQ slightly higher at 26.02%. 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. QQQ - Expense Ratio Comparison
FDNI has a 0.65% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FDNI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones International Internet ETF (FDNI) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
FDNI's dividend yield for the trailing twelve months is around 0.25%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDNI First Trust Dow Jones International Internet ETF | 0.25% | 0.40% | 0.00% | 0.00% | 0.16% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FDNI vs. QQQ - Drawdown Comparison
The maximum FDNI drawdown since its inception was -71.08%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FDNI and QQQ. For additional features, visit the drawdowns tool.
Volatility
FDNI vs. QQQ - Volatility Comparison
First Trust Dow Jones International Internet ETF (FDNI) has a higher volatility of 9.89% compared to Invesco QQQ (QQQ) at 5.18%. This indicates that FDNI's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.