FTCS.L vs. FDN.L

Last updated Jul 16, 2026

FTCS.L (First Trust Capital Strength UCITS ETF Class A USD Accumulation) and FDN.L (First Trust Dow Jones Internet UCITS ETF Class A USD) are both exchange-traded funds - FTCS.L is a Global Equities fund tracking the First Trust Capital Strength UCITS ETF Class A USD Accumulation, while FDN.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, FTCS.L returned 5.52%/yr vs 2.92%/yr for FDN.L. At a 0.42 correlation, their price movements are largely independent.

Performance

FTCS.L vs. FDN.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Capital Strength UCITS ETF Class A USD Accumulation (FTCS.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

FTCS.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

In the year-to-date period, FTCS.L achieves a 3.44% return, which is significantly higher than FDN.L's 2.55% return.

FTCS.L

• 1D: -0.55%
• 1M: 1.78%
• 6M: 0.59%
• YTD: 3.44%
• 1Y: 7.18%
• 3Y*: 9.29%
• 5Y*: 5.52%
• 10Y*: —

FDN.L

• 1D: 0.90%
• 1M: 2.39%
• 6M: 5.03%
• YTD: 2.55%
• 1Y: 4.22%
• 3Y*: 17.40%
• 5Y*: 2.92%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FTCS.L First Trust Capital Strength UCITS ETF Class A USD Accumulation	3.44%	6.62%	11.16%	8.19%	-10.23%	25.79%	11.85%
FDN.L First Trust Dow Jones Internet UCITS ETF Class A USD	2.55%	10.07%	30.44%	53.64%	-46.66%	7.41%	43.23%

Correlation

The correlation between FTCS.L and FDN.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020	0.42

Over the past year, the correlation between FTCS.L and FDN.L has dropped to 0.20 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

Return for Risk

FTCS.L vs. FDN.L — Risk / Return Rank

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

FTCS.L

FTCS.L Risk / Return Rank: 23
FTCS.L Sharpe Ratio Rank: 24
FTCS.L Sortino Ratio Rank: 23
FTCS.L Omega Ratio Rank: 22
FTCS.L Calmar Ratio Rank: 23
FTCS.L Martin Ratio Rank: 21

FDN.L

FDN.L Risk / Return Rank: 11
FDN.L Sharpe Ratio Rank: 12
FDN.L Sortino Ratio Rank: 11
FDN.L Omega Ratio Rank: 11
FDN.L Calmar Ratio Rank: 11
FDN.L Martin Ratio Rank: 11

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.

FTCS.L vs. FDN.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Capital Strength UCITS ETF Class A USD Accumulation (FTCS.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.

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.

	FTCS.L	FDN.L	Difference
Sharpe ratio: Return per unit of total volatility	0.71	0.21	+0.51
Sortino ratio: Return per unit of downside risk	1.07	0.42	+0.65
Omega ratio: Gain probability vs. loss probability	1.13	1.05	+0.08
Calmar ratio: Return relative to maximum drawdown	0.91	0.20	+0.71
Martin ratio: Return relative to average drawdown	1.88	0.48	+1.40

FTCS.L vs. FDN.L - Sharpe Ratio Comparison

The current FTCS.L Sharpe Ratio is 0.71, which is higher than the FDN.L Sharpe Ratio of 0.21. The chart below compares the historical Sharpe Ratios of FTCS.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.

Drawdowns

FTCS.L vs. FDN.L - Drawdown Comparison

The maximum FTCS.L drawdown since its inception was -31.99%, smaller than the maximum FDN.L drawdown of -53.81%. Use the drawdown chart below to compare losses from any high point for FTCS.L and FDN.L.

Drawdown Indicators

	FTCS.L	FDN.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.99%	-53.81%	+21.82%
Max Drawdown (1Y) Largest decline over 1 year	-8.68%	-20.84%	+12.16%
Max Drawdown (3Y) Largest decline over 3 years	-12.77%	-26.01%	+13.24%
Max Drawdown (5Y) Largest decline over 5 years	-20.63%	-53.81%	+33.18%
Current Drawdown Current decline from peak	-4.30%	-3.96%	-0.34%
Average Drawdown Average peak-to-trough decline	-5.78%	-19.82%	+14.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	8.72%	-4.51%

Volatility

FTCS.L vs. FDN.L - Volatility Comparison

The current volatility for First Trust Capital Strength UCITS ETF Class A USD Accumulation (FTCS.L) is 4.50%, while First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.L) has a volatility of 7.69%. This indicates that FTCS.L experiences smaller price fluctuations and is considered to be less risky than FDN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTCS.L	FDN.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	7.69%	-3.19%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	16.56%	-8.17%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	20.30%	-9.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	28.97%	-15.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.65%	28.94%	-11.29%

Dividends

FTCS.L vs. FDN.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

FTCS.L and FDN.L have a correlation of 0.20, 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 FTCS.L and FDN.L?

FTCS.L is categorized as Global Equities, while FDN.L is Technology Equities. FTCS.L tracks First Trust Capital Strength UCITS ETF Class A USD Accumulation, while FDN.L tracks MSCI World/Information Tech NR USD.