NXTG.L vs. FDN.L
NXTG.L (First Trust Indxx NextG UCITS ETF) and FDN.L (First Trust Dow Jones Internet UCITS ETF Class A USD) are both exchange-traded funds - NXTG.L is a Global Equities fund tracking the First Trust Indxx NextG UCITS ETF, 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, NXTG.L returned 9.76%/yr vs 3.25%/yr for FDN.L. At a 0.46 correlation, their price movements are largely independent.
Performance
NXTG.L vs. FDN.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NXTG.L achieves a 39.36% return, which is significantly higher than FDN.L's 1.96% return.
NXTG.L
- 1D
- -0.50%
- 1M
- -5.27%
- 6M
- 36.55%
- YTD
- 39.36%
- 1Y
- 56.77%
- 3Y*
- 16.78%
- 5Y*
- 9.76%
- 10Y*
- 6.94%
FDN.L
- 1D
- -0.24%
- 1M
- 1.47%
- 6M
- 4.30%
- YTD
- 1.96%
- 1Y
- 3.03%
- 3Y*
- 16.11%
- 5Y*
- 3.25%
- 10Y*
- —
NXTG.L vs. FDN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
NXTG.L First Trust Indxx NextG UCITS ETF | 39.36% | 19.23% | 14.96% | 0.29% | -24.39% | 15.88% | 4.17% | 8.33% | -17.57% |
FDN.L First Trust Dow Jones Internet UCITS ETF Class A USD | 1.96% | 2.35% | 32.65% | 45.94% | -40.28% | 8.39% | 48.88% | -10.23% | -18.96% |
Correlation
The correlation between NXTG.L and FDN.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018 | 0.46 |
The correlation between NXTG.L and FDN.L has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NXTG.L vs. FDN.L — Risk / Return Rank
NXTG.L
FDN.L
NXTG.L vs. FDN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx NextG UCITS ETF (NXTG.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.
| NXTG.L | FDN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.04 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 0.14 | +2.11 |
| Martin ratioReturn relative to average drawdown | 4.72 | 0.32 | +4.40 |
Loading charts...
Drawdowns
NXTG.L vs. FDN.L - Drawdown Comparison
The maximum NXTG.L drawdown since its inception was -45.94%, roughly equal to the maximum FDN.L drawdown of -46.90%. Use the drawdown chart below to compare losses from any high point for NXTG.L and FDN.L.
Loading charts...
Drawdown Indicators
| NXTG.L | FDN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.94% | -46.90% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -25.38% | -20.87% | -4.51% |
Max Drawdown (3Y)Largest decline over 3 years | -31.89% | -27.22% | -4.67% |
Max Drawdown (5Y)Largest decline over 5 years | -32.91% | -46.90% | +13.99% |
Max Drawdown (10Y)Largest decline over 10 years | -45.94% | — | — |
Current DrawdownCurrent decline from peak | -9.51% | -5.08% | -4.43% |
Average DrawdownAverage peak-to-trough decline | -19.86% | -17.59% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.16% | 9.40% | +2.76% |
Volatility
NXTG.L vs. FDN.L - Volatility Comparison
The current volatility for First Trust Indxx NextG UCITS ETF (NXTG.L) is 6.66%, while First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.L) has a volatility of 7.52%. This indicates that NXTG.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.
Loading charts...
Volatility by Period
| NXTG.L | FDN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 7.52% | -0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 15.57% | 16.04% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.75% | 19.88% | +26.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.04% | 27.94% | +15.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.80% | 27.97% | +4.83% |
Dividends
NXTG.L vs. FDN.L - Dividend Comparison
Neither NXTG.L nor FDN.L has paid dividends to shareholders.
Frequently Asked Questions
NXTG.L and FDN.L have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NXTG.L is categorized as Global Equities, while FDN.L is Technology Equities. NXTG.L tracks First Trust Indxx NextG UCITS ETF, while FDN.L tracks MSCI World/Information Tech NR USD.
Find the right allocation for NXTG.L and FDN.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer