FDNU.L vs. FCSG.L

Last updated Jun 5, 2026

FDNU.L (First Trust Dow Jones Internet UCITS ETF Class A USD) and FCSG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation) are both exchange-traded funds - FDNU.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while FCSG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, FDNU.L returned 4.29%/yr vs 4.81%/yr for FCSG.L. At a 0.42 correlation, their price movements are largely independent. FDNU.L charges 0.55%/yr vs 0.75%/yr for FCSG.L.

Performance

FDNU.L vs. FCSG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dow Jones Internet UCITS ETF Class A USD (FDNU.L) and First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation (FCSG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FDNU.L is traded in USD, while FCSG.L is traded in GBp. To make them comparable, the FCSG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FDNU.L achieves a 4.34% return, which is significantly higher than FCSG.L's -1.93% return.

FDNU.L

• 1D: 0.72%
• 1M: 5.40%
• YTD: 4.34%
• 6M: 4.66%
• 1Y: 10.19%
• 3Y*: 20.73%
• 5Y*: 4.29%
• 10Y*: —

FCSG.L

• 1D: 0.77%
• 1M: 0.98%
• YTD: -1.93%
• 6M: -0.33%
• 1Y: -1.06%
• 3Y*: 9.03%
• 5Y*: 4.81%
• 10Y*: —

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

FDNU.L vs. FCSG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FDNU.L First Trust Dow Jones Internet UCITS ETF Class A USD	4.34%	9.74%	30.52%	54.50%	-46.64%	5.45%
FCSG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation	-1.93%	11.78%	9.57%	11.77%	-13.98%	20.09%

Correlation

The correlation between FDNU.L and FCSG.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Mar 11, 2021	0.42

Over the past year, the correlation between FDNU.L and FCSG.L has dropped to 0.21 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

FDNU.L vs. FCSG.L - Sectors Allocation Comparison

Sectors	FDNU.L	FCSG.L
Technology	37.7%	14.0%
Communication Services	29.8%	3.8%
Consumer Cyclical	27.7%	4.0%
Financial Services	2.4%	29.4%
Industrials	1.4%	17.7%
Healthcare	1.1%	5.7%
Basic Materials	-	4.6%
Consumer Defensive	-	20.9%
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FDNU.L vs. FCSG.L — Risk / Return Rank

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

FDNU.L

FDNU.L Risk / Return Rank: 17
FDNU.L Sharpe Ratio Rank: 18
FDNU.L Sortino Ratio Rank: 17
FDNU.L Omega Ratio Rank: 18
FDNU.L Calmar Ratio Rank: 15
FDNU.L Martin Ratio Rank: 15

FCSG.L

FCSG.L Risk / Return Rank: 9
FCSG.L Sharpe Ratio Rank: 9
FCSG.L Sortino Ratio Rank: 8
FCSG.L Omega Ratio Rank: 8
FCSG.L Calmar Ratio Rank: 9
FCSG.L Martin Ratio Rank: 9

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.

FDNU.L vs. FCSG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Internet UCITS ETF Class A USD (FDNU.L) and First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation (FCSG.L). 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.

	FDNU.L	FCSG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.52	-0.11	+0.63
Sortino ratio: Return per unit of downside risk	0.84	-0.09	+0.92
Omega ratio: Gain probability vs. loss probability	1.10	0.99	+0.11
Calmar ratio: Return relative to maximum drawdown	0.49	-0.11	+0.61
Martin ratio: Return relative to average drawdown	1.23	-0.31	+1.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDNU.L vs. FCSG.L - Sharpe Ratio Comparison

The current FDNU.L Sharpe Ratio is 0.52, which is higher than the FCSG.L Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of FDNU.L and FCSG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDNU.L	FCSG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	-0.11	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.38	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.52	-0.18

Drawdowns

FDNU.L vs. FCSG.L - Drawdown Comparison

The maximum FDNU.L drawdown since its inception was -54.01%, which is greater than FCSG.L's maximum drawdown of -23.57%. Use the drawdown chart below to compare losses from any high point for FDNU.L and FCSG.L.

Drawdown Indicators

	FDNU.L	FCSG.L	Difference
Max Drawdown Largest peak-to-trough decline	-54.01%	-23.57%	-30.44%
Max Drawdown (1Y) Largest decline over 1 year	-20.57%	-9.27%	-11.30%
Max Drawdown (3Y) Largest decline over 3 years	-25.76%	-9.88%	-15.88%
Max Drawdown (5Y) Largest decline over 5 years	-54.01%	-23.57%	-30.44%
Current Drawdown Current decline from peak	-2.24%	-5.35%	+3.11%
Average Drawdown Average peak-to-trough decline	-16.23%	-5.60%	-10.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.27%	3.38%	+4.89%

Volatility

FDNU.L vs. FCSG.L - Volatility Comparison

First Trust Dow Jones Internet UCITS ETF Class A USD (FDNU.L) has a higher volatility of 5.89% compared to First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation (FCSG.L) at 2.88%. This indicates that FDNU.L's price experiences larger fluctuations and is considered to be riskier than FCSG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDNU.L	FCSG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	2.88%	+3.01%
Volatility (6M) Calculated over the trailing 6-month period	15.23%	7.27%	+7.96%
Volatility (1Y) Calculated over the trailing 1-year period	19.49%	9.55%	+9.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.10%	12.59%	+13.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.91%	12.51%	+13.40%

FDNU.L vs. FCSG.L - Expense Ratio Comparison

FDNU.L has a 0.55% expense ratio, which is lower than FCSG.L's 0.75% expense ratio.

Dividends

FDNU.L vs. FCSG.L - Dividend Comparison

Neither FDNU.L nor FCSG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FDNU.L and FCSG.L in my portfolio?

FDNU.L and FCSG.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FDNU.L or FCSG.L?

On fees, FDNU.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDNU.L or FCSG.L?

FDNU.L is cheaper with a 0.55% expense ratio, compared with 0.75% for FCSG.L.

What is the main difference between FDNU.L and FCSG.L?

FDNU.L is categorized as Technology Equities, while FCSG.L is Global Equities. FDNU.L tracks MSCI World/Information Tech NR USD, while FCSG.L tracks MSCI ACWI NR USD. Their fees differ too: 0.55% for FDNU.L and 0.75% for FCSG.L.