FPX.L vs. FDNI.L
FPX.L (First Trust US IPO Index UCITS ETF) and FDNI.L (First Trust Dow Jones International Internet UCITS ETF Class A USD (Acc)) are both exchange-traded funds - FPX.L is a Large Cap Growth Equities fund tracking the Russell 1000 Growth TR USD, while FDNI.L is a Technology Equities fund tracking the Dow Jones International Internet Index. Both are passively managed. Over the past 5 years, FPX.L returned 9.31%/yr vs -8.28%/yr for FDNI.L. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.
Performance
FPX.L vs. FDNI.L - Performance Comparison
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Returns By Period
In the year-to-date period, FPX.L achieves a 10.96% return, which is significantly higher than FDNI.L's -19.25% return.
FPX.L
- 1D
- -0.76%
- 1M
- -7.81%
- 6M
- 7.74%
- YTD
- 10.96%
- 1Y
- 24.27%
- 3Y*
- 23.91%
- 5Y*
- 9.31%
- 10Y*
- 13.24%
FDNI.L
- 1D
- -0.07%
- 1M
- 3.36%
- 6M
- -20.02%
- YTD
- -19.25%
- 1Y
- -17.95%
- 3Y*
- 4.08%
- 5Y*
- -8.28%
- 10Y*
- —
FPX.L vs. FDNI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPX.L First Trust US IPO Index UCITS ETF | 10.96% | 26.94% | 27.65% | 16.72% | -28.22% | 3.98% | 43.83% | 25.95% | -4.42% | 11.93% |
FDNI.L First Trust Dow Jones International Internet UCITS ETF Class A USD (Acc) | -19.25% | 17.62% | 24.52% | -3.10% | -31.88% | 6,246.96% | 4.74% | 23.78% | -14.65% | 23.90% |
Correlation
The correlation between FPX.L and FDNI.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2017 | 0.53 |
The correlation between FPX.L and FDNI.L shifts across timeframes, from 0.35 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FPX.L vs. FDNI.L — Risk / Return Rank
FPX.L
FDNI.L
FPX.L vs. FDNI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US IPO Index UCITS ETF (FPX.L) and First Trust Dow Jones International Internet UCITS ETF Class A USD (Acc) (FDNI.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.
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.
| FPX.L | FDNI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.47 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.89 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | -0.46 | +2.44 |
| Martin ratioReturn relative to average drawdown | 5.77 | -0.81 | +6.58 |
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Drawdowns
FPX.L vs. FDNI.L - Drawdown Comparison
The maximum FPX.L drawdown since its inception was -46.68%, smaller than the maximum FDNI.L drawdown of -64.63%. Use the drawdown chart below to compare losses from any high point for FPX.L and FDNI.L.
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Drawdown Indicators
| FPX.L | FDNI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.68% | -64.63% | +17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.19% | -35.98% | +23.79% |
Max Drawdown (3Y)Largest decline over 3 years | -32.16% | -35.98% | +3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -36.97% | -56.60% | +19.63% |
Max Drawdown (10Y)Largest decline over 10 years | -36.97% | — | — |
Current DrawdownCurrent decline from peak | -11.38% | -47.95% | +36.57% |
Average DrawdownAverage peak-to-trough decline | -15.43% | -27.64% | +12.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 20.58% | -16.39% |
Volatility
FPX.L vs. FDNI.L - Volatility Comparison
First Trust US IPO Index UCITS ETF (FPX.L) has a higher volatility of 8.81% compared to First Trust Dow Jones International Internet UCITS ETF Class A USD (Acc) (FDNI.L) at 5.46%. This indicates that FPX.L's price experiences larger fluctuations and is considered to be riskier than FDNI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPX.L | FDNI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.81% | 5.46% | +3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 16.99% | 17.15% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.49% | 21.67% | +2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.74% | 33.25% | -8.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.59% | 2,375.51% | -2,352.92% |
FPX.L vs. FDNI.L - Expense Ratio Comparison
Both FPX.L and FDNI.L have an expense ratio of 0.65%.
Dividends
FPX.L vs. FDNI.L - Dividend Comparison
Neither FPX.L nor FDNI.L has paid dividends to shareholders.
Frequently Asked Questions
FPX.L and FDNI.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FPX.L and FDNI.L have the same expense ratio: 0.65% per year.
FPX.L is categorized as Large Cap Growth Equities, while FDNI.L is Technology Equities. FPX.L tracks Russell 1000 Growth TR USD, while FDNI.L tracks Dow Jones International Internet Index.
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