FHG.TO vs. FDN.TO

Last updated Jul 16, 2026

FHG.TO (First Trust AlphaDEX U.S. Industrials Sector Index ETF) and FDN.TO (First Trust Dow Jones Internet ETF) are both exchange-traded funds - FHG.TO is a Industrials Equities fund tracking the StrataQuant Industrials Index, while FDN.TO is a Technology Equities fund tracking the Dow Jones Internet Composite Index. Both are passively managed. Over the past 10 years, FHG.TO returned 13.82%/yr vs 3.50%/yr for FDN.TO. At a 0.22 correlation, their price movements are largely independent.

Performance

FHG.TO vs. FDN.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO) and First Trust Dow Jones Internet ETF (FDN.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHG.TO achieves a 13.37% return, which is significantly higher than FDN.TO's 4.51% return. Over the past 10 years, FHG.TO has outperformed FDN.TO with an annualized return of 13.82%, while FDN.TO has yielded a comparatively lower 3.50% annualized return.

FHG.TO

• 1D: 0.89%
• 1M: -0.52%
• 6M: 4.59%
• YTD: 13.37%
• 1Y: 19.43%
• 3Y*: 16.34%
• 5Y*: 11.58%
• 10Y*: 13.82%

FDN.TO

• 1D: 0.35%
• 1M: 5.14%
• 6M: 6.20%
• YTD: 4.51%
• 1Y: 6.45%
• 3Y*: 19.77%
• 5Y*: 4.92%
• 10Y*: 3.50%

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

FHG.TO vs. FDN.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHG.TO First Trust AlphaDEX U.S. Industrials Sector Index ETF	13.37%	2.40%	26.33%	23.13%	-11.70%	27.10%	7.70%	29.30%	-11.05%	15.22%
FDN.TO First Trust Dow Jones Internet ETF	4.51%	5.45%	41.28%	49.01%	-43.35%	-5.63%	6.27%	15.99%	-7.91%	1.84%

Correlation

The correlation between FHG.TO and FDN.TO is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Oct 30, 2014	0.22

The correlation between FHG.TO and FDN.TO shifts across timeframes, from 0.22 (all time) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FHG.TO vs. FDN.TO — Risk / Return Rank

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

FHG.TO

FHG.TO Risk / Return Rank: 35
FHG.TO Sharpe Ratio Rank: 33
FHG.TO Sortino Ratio Rank: 38
FHG.TO Omega Ratio Rank: 34
FHG.TO Calmar Ratio Rank: 35
FHG.TO Martin Ratio Rank: 37

FDN.TO

FDN.TO Risk / Return Rank: 14
FDN.TO Sharpe Ratio Rank: 15
FDN.TO Sortino Ratio Rank: 14
FDN.TO Omega Ratio Rank: 14
FDN.TO Calmar Ratio Rank: 13
FDN.TO Martin Ratio Rank: 13

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.

FHG.TO vs. FDN.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO) and First Trust Dow Jones Internet ETF (FDN.TO). 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.

	FHG.TO	FDN.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.33	+0.69
Sortino ratio: Return per unit of downside risk	1.69	0.58	+1.11
Omega ratio: Gain probability vs. loss probability	1.20	1.08	+0.12
Calmar ratio: Return relative to maximum drawdown	1.50	0.30	+1.20
Martin ratio: Return relative to average drawdown	4.69	0.68	+4.00

FHG.TO vs. FDN.TO - Sharpe Ratio Comparison

The current FHG.TO Sharpe Ratio is 1.01, which is higher than the FDN.TO Sharpe Ratio of 0.33. The chart below compares the historical Sharpe Ratios of FHG.TO and FDN.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FHG.TO vs. FDN.TO - Drawdown Comparison

The maximum FHG.TO drawdown since its inception was -38.86%, smaller than the maximum FDN.TO drawdown of -50.44%. Use the drawdown chart below to compare losses from any high point for FHG.TO and FDN.TO.

Drawdown Indicators

	FHG.TO	FDN.TO	Difference
Max Drawdown Largest peak-to-trough decline	-38.86%	-50.44%	+11.58%
Max Drawdown (1Y) Largest decline over 1 year	-13.01%	-21.40%	+8.39%
Max Drawdown (3Y) Largest decline over 3 years	-25.15%	-26.31%	+1.16%
Max Drawdown (5Y) Largest decline over 5 years	-25.15%	-50.44%	+25.29%
Max Drawdown (10Y) Largest decline over 10 years	-38.86%	-50.44%	+11.58%
Current Drawdown Current decline from peak	-3.09%	-3.22%	+0.13%
Average Drawdown Average peak-to-trough decline	-6.06%	-10.74%	+4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.16%	9.44%	-5.28%

Volatility

FHG.TO vs. FDN.TO - Volatility Comparison

First Trust AlphaDEX U.S. Industrials Sector Index ETF (FHG.TO) and First Trust Dow Jones Internet ETF (FDN.TO) have volatilities of 5.00% and 5.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHG.TO	FDN.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	5.14%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	14.93%	16.42%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	19.24%	19.77%	-0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.90%	26.12%	-7.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.79%	21.15%	-1.36%

Dividends

FHG.TO vs. FDN.TO - Dividend Comparison

FHG.TO's dividend yield for the trailing twelve months is around 0.57%, while FDN.TO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDN.TO First Trust Dow Jones Internet ETF	0.00%	0.00%	0.00%	0.00%	0.00%	1.65%	5.69%	1.47%	1.40%	1.76%	1.51%	1.50%
FHG.TO First Trust AlphaDEX U.S. Industrials Sector Index ETF	0.57%	0.40%	1.09%	0.77%	1.33%	0.34%	1.11%	0.57%	1.36%	0.54%	0.24%	0.58%

Frequently Asked Questions

Can I hold both FHG.TO and FDN.TO in my portfolio?

FHG.TO and FDN.TO have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

What is the main difference between FHG.TO and FDN.TO?

FHG.TO is categorized as Industrials Equities, while FDN.TO is Technology Equities. FHG.TO tracks StrataQuant Industrials Index, while FDN.TO tracks Dow Jones Internet Composite Index.