FDNU.L vs. FDN.L

Last updated Jun 5, 2026

FDNU.L (First Trust Dow Jones Internet UCITS ETF Class A USD) and FDN.L (First Trust Dow Jones Internet UCITS ETF Class A USD) are both Technology Equities funds from First Trust tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, FDNU.L returned 4.29%/yr vs 4.30%/yr for FDN.L. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.55% expense ratio.

Performance

FDNU.L vs. FDN.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 Dow Jones Internet UCITS ETF Class A USD (FDN.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FDNU.L having a 4.34% return and FDN.L slightly lower at 4.27%.

FDNU.L

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

FDN.L

• 1D: 0.77%
• 1M: 5.52%
• YTD: 4.27%
• 6M: 4.65%
• 1Y: 10.24%
• 3Y*: 20.65%
• 5Y*: 4.30%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FDNU.L First Trust Dow Jones Internet UCITS ETF Class A USD	4.34%	9.74%	30.52%	54.50%	-46.64%	7.05%	53.99%	17.77%	-18.49%
FDN.L First Trust Dow Jones Internet UCITS ETF Class A USD	4.27%	10.07%	30.44%	53.64%	-46.66%	7.41%	53.44%	18.60%	-18.69%

Correlation

The correlation between FDNU.L and FDN.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jun 22, 2018	0.97

The correlation between FDNU.L and FDN.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

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

Sectors	FDNU.L	FDN.L
Technology	37.7%	41.7%
Communication Services	29.8%	27.7%
Consumer Cyclical	27.7%	26.1%
Financial Services	2.4%	2.0%
Industrials	1.4%	1.3%
Healthcare	1.1%	1.1%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FDNU.L vs. FDN.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

FDN.L

FDN.L Risk / Return Rank: 18
FDN.L Sharpe Ratio Rank: 19
FDN.L Sortino Ratio Rank: 19
FDN.L Omega Ratio Rank: 20
FDN.L Calmar Ratio Rank: 16
FDN.L Martin Ratio Rank: 15

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. FDN.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 Dow Jones Internet UCITS ETF Class A USD (FDN.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	FDN.L	Difference
Sharpe ratio: Return per unit of total volatility	0.52	0.54	-0.02
Sortino ratio: Return per unit of downside risk	0.84	0.85	-0.02
Omega ratio: Gain probability vs. loss probability	1.10	1.11	0.00
Calmar ratio: Return relative to maximum drawdown	0.49	0.49	0.00
Martin ratio: Return relative to average drawdown	1.23	1.23	0.00
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. FDN.L - Sharpe Ratio Comparison

The current FDNU.L Sharpe Ratio is 0.52, which is comparable to the FDN.L Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of FDNU.L and FDN.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	FDN.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.52	0.54	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.17	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.34	-0.01

Drawdowns

FDNU.L vs. FDN.L - Drawdown Comparison

The maximum FDNU.L drawdown since its inception was -54.01%, roughly equal to the maximum FDN.L drawdown of -53.81%. Use the drawdown chart below to compare losses from any high point for FDNU.L and FDN.L.

Drawdown Indicators

	FDNU.L	FDN.L	Difference
Max Drawdown Largest peak-to-trough decline	-54.01%	-53.81%	-0.20%
Max Drawdown (1Y) Largest decline over 1 year	-20.57%	-20.84%	+0.27%
Max Drawdown (3Y) Largest decline over 3 years	-25.76%	-26.01%	+0.25%
Max Drawdown (5Y) Largest decline over 5 years	-54.01%	-53.81%	-0.20%
Current Drawdown Current decline from peak	-2.24%	-2.35%	+0.11%
Average Drawdown Average peak-to-trough decline	-16.23%	-16.27%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.27%	8.32%	-0.05%

Volatility

FDNU.L vs. FDN.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 Dow Jones Internet UCITS ETF Class A USD (FDN.L) at 5.43%. This indicates that FDNU.L's price experiences larger fluctuations and is considered to be riskier than FDN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDNU.L	FDN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	5.43%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	15.23%	14.70%	+0.53%
Volatility (1Y) Calculated over the trailing 1-year period	19.49%	18.82%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.10%	25.61%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.91%	25.36%	+0.55%

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

Both FDNU.L and FDN.L have an expense ratio of 0.55%.

Dividends

FDNU.L vs. FDN.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.96, FDNU.L and FDN.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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

Both ETFs have the same 0.55% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

FDNU.L and FDN.L have the same expense ratio: 0.55% per year.

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

Both ETFs track MSCI World/Information Tech NR USD.