FVD.L vs. FDNU.L
FVD.L (First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation) and FDNU.L (First Trust Dow Jones Internet UCITS ETF Class A USD) are both exchange-traded funds - FVD.L is a Dividend fund tracking the First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation, while FDNU.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, FVD.L returned 5.82%/yr vs 2.81%/yr for FDNU.L. At a 0.38 correlation, their price movements are largely independent.
Performance
FVD.L vs. FDNU.L - Performance Comparison
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Returns By Period
In the year-to-date period, FVD.L achieves a 6.31% return, which is significantly higher than FDNU.L's 2.19% return.
FVD.L
- 1D
- -0.33%
- 1M
- 1.73%
- 6M
- 4.38%
- YTD
- 6.31%
- 1Y
- 10.94%
- 3Y*
- 8.68%
- 5Y*
- 5.82%
- 10Y*
- —
FDNU.L
- 1D
- 0.42%
- 1M
- 1.84%
- 6M
- 4.57%
- YTD
- 2.19%
- 1Y
- 3.69%
- 3Y*
- 17.19%
- 5Y*
- 2.81%
- 10Y*
- —
FVD.L vs. FDNU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FVD.L First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation | 6.31% | 8.66% | 9.25% | 3.39% | -4.80% | 24.66% | -3.10% |
FDNU.L First Trust Dow Jones Internet UCITS ETF Class A USD | 2.19% | 9.74% | 30.54% | 54.48% | -46.64% | 7.05% | 41.88% |
Correlation
The correlation between FVD.L and FDNU.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2020 | 0.38 |
Over the past year, the correlation between FVD.L and FDNU.L has dropped to 0.14 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
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Return for Risk
FVD.L vs. FDNU.L — Risk / Return Rank
FVD.L
FDNU.L
FVD.L vs. FDNU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation (FVD.L) and First Trust Dow Jones Internet UCITS ETF Class A USD (FDNU.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.
| FVD.L | FDNU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.05 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 0.18 | +1.51 |
| Martin ratioReturn relative to average drawdown | 4.02 | 0.43 | +3.59 |
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Drawdowns
FVD.L vs. FDNU.L - Drawdown Comparison
The maximum FVD.L drawdown since its inception was -34.96%, smaller than the maximum FDNU.L drawdown of -54.01%. Use the drawdown chart below to compare losses from any high point for FVD.L and FDNU.L.
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Drawdown Indicators
| FVD.L | FDNU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.96% | -54.01% | +19.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.81% | -20.59% | +13.78% |
Max Drawdown (3Y)Largest decline over 3 years | -12.60% | -25.77% | +13.17% |
Max Drawdown (5Y)Largest decline over 5 years | -16.22% | -54.01% | +37.79% |
Current DrawdownCurrent decline from peak | -1.61% | -4.26% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -16.12% | +11.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 8.66% | -5.80% |
Volatility
FVD.L vs. FDNU.L - Volatility Comparison
The current volatility for First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation (FVD.L) is 4.06%, while First Trust Dow Jones Internet UCITS ETF Class A USD (FDNU.L) has a volatility of 7.35%. This indicates that FVD.L experiences smaller price fluctuations and is considered to be less risky than FDNU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVD.L | FDNU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 7.35% | -3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 17.17% | -9.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.23% | 20.72% | -10.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.79% | 26.31% | -13.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.46% | 26.04% | -9.58% |
Dividends
FVD.L vs. FDNU.L - Dividend Comparison
Neither FVD.L nor FDNU.L has paid dividends to shareholders.
Frequently Asked Questions
FVD.L and FDNU.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FVD.L is categorized as Dividend, while FDNU.L is Technology Equities. FVD.L tracks First Trust Value Line Dividend Index UCITS ETF Class A USD Accumulation, while FDNU.L tracks MSCI World/Information Tech NR USD.
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