OGIG vs. FDN

Last updated Jul 12, 2026

OGIG (O’Shares Global Internet Giants ETF) and FDN (First Trust Dow Jones Internet Index) are both Large Cap Growth Equities funds - OGIG tracks the O’Shares Global Internet Giants Index while FDN tracks the Dow Jones Internet Index. Both are passively managed. Over the past 5 years, OGIG returned -3.69%/yr vs 2.15%/yr for FDN. Their correlation of 0.93 suggests significant overlap in exposure. OGIG charges 0.48%/yr vs 0.52%/yr for FDN.

Performance

OGIG vs. FDN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in O’Shares Global Internet Giants ETF (OGIG) and First Trust Dow Jones Internet Index (FDN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OGIG achieves a -11.34% return, which is significantly lower than FDN's 2.61% return.

OGIG

• 1D: -0.78%
• 1M: 4.55%
• 6M: -11.37%
• YTD: -11.34%
• 1Y: -10.90%
• 3Y*: 12.81%
• 5Y*: -3.69%
• 10Y*: —

FDN

• 1D: 0.19%
• 1M: 4.48%
• 6M: 2.73%
• YTD: 2.61%
• 1Y: 4.60%
• 3Y*: 18.28%
• 5Y*: 2.15%
• 10Y*: 13.86%

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

OGIG vs. FDN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
OGIG O’Shares Global Internet Giants ETF	-11.34%	14.39%	25.97%	50.25%	-50.64%	-9.30%	107.92%	36.90%	-24.48%
FDN First Trust Dow Jones Internet Index	2.61%	10.70%	30.35%	51.48%	-45.54%	6.55%	52.55%	19.25%	-15.59%

Correlation

The correlation between OGIG and FDN is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 5, 2018	0.93

The correlation between OGIG and FDN has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

OGIG vs. FDN - Sectors Allocation Comparison

Sectors	OGIG	FDN
Technology	56.4%	43.1%
Communication Services	25.3%	27.0%
Consumer Cyclical	15.2%	25.5%
Healthcare	1.1%	1.2%
Industrials	1.0%	1.3%
Real Estate	0.8%	-
Financial Services	0.2%	2.0%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Utilities	-	-

Return for Risk

OGIG vs. FDN — Risk / Return Rank

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

OGIG

OGIG Risk / Return Rank: 5
OGIG Sharpe Ratio Rank: 5
OGIG Sortino Ratio Rank: 5
OGIG Omega Ratio Rank: 5
OGIG Calmar Ratio Rank: 6
OGIG Martin Ratio Rank: 6

FDN

FDN Risk / Return Rank: 12
FDN Sharpe Ratio Rank: 13
FDN Sortino Ratio Rank: 12
FDN Omega Ratio Rank: 12
FDN Calmar Ratio Rank: 12
FDN Martin Ratio Rank: 12

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.

OGIG vs. FDN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for O’Shares Global Internet Giants ETF (OGIG) and First Trust Dow Jones Internet Index (FDN). 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.

	OGIG	FDN	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	0.19	-0.70
Sortino ratio: Return per unit of downside risk	-0.57	0.39	-0.96
Omega ratio: Gain probability vs. loss probability	0.93	1.05	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.36	0.18	-0.54
Martin ratio: Return relative to average drawdown	-0.68	0.44	-1.12

OGIG vs. FDN - Sharpe Ratio Comparison

The current OGIG Sharpe Ratio is -0.51, which is lower than the FDN Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of OGIG and FDN, 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

OGIG vs. FDN - Drawdown Comparison

The maximum OGIG drawdown since its inception was -66.05%, which is greater than FDN's maximum drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for OGIG and FDN.

Drawdown Indicators

	OGIG	FDN	Difference
Max Drawdown Largest peak-to-trough decline	-66.05%	-61.55%	-4.50%
Max Drawdown (1Y) Largest decline over 1 year	-33.23%	-21.31%	-11.92%
Max Drawdown (3Y) Largest decline over 3 years	-33.23%	-24.98%	-8.25%
Max Drawdown (5Y) Largest decline over 5 years	-62.79%	-53.97%	-8.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-53.97%	—
Current Drawdown Current decline from peak	-26.75%	-4.68%	-22.07%
Average Drawdown Average peak-to-trough decline	-25.70%	-11.80%	-13.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.43%	8.73%	+8.70%

Volatility

OGIG vs. FDN - Volatility Comparison

O’Shares Global Internet Giants ETF (OGIG) has a higher volatility of 8.28% compared to First Trust Dow Jones Internet Index (FDN) at 6.71%. This indicates that OGIG's price experiences larger fluctuations and is considered to be riskier than FDN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OGIG	FDN	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.28%	6.71%	+1.57%
Volatility (6M) Calculated over the trailing 6-month period	19.79%	15.88%	+3.91%
Volatility (1Y) Calculated over the trailing 1-year period	23.39%	19.89%	+3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.75%	27.39%	+4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.99%	25.60%	+5.39%

OGIG vs. FDN - Expense Ratio Comparison

OGIG has a 0.48% expense ratio, which is lower than FDN's 0.52% expense ratio.

Dividends

OGIG vs. FDN - Dividend Comparison

OGIG's dividend yield for the trailing twelve months is around 0.08%, while FDN has not paid dividends to shareholders.

Position	TTM	2025
FDN First Trust Dow Jones Internet Index	0.00%	0.00%
OGIG O’Shares Global Internet Giants ETF	0.08%	0.07%

Frequently Asked Questions

Can I hold both OGIG and FDN in my portfolio?

With a correlation of 0.90, OGIG and FDN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OGIG or FDN?

OGIG has higher volatility (8.28%) compared to FDN (6.71%). In terms of maximum drawdown, OGIG dropped -66.05% vs FDN's -61.55%.

Which ETF is better, OGIG or FDN?

On 5-year performance, FDN leads with 2.15% vs -3.69% for OGIG. On fees, OGIG is cheaper at 0.48% per year. On volatility, FDN has been the lower-risk option at 6.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OGIG or FDN?

Over the 5-year period, FDN has performed better with a 2.15% return vs -3.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OGIG or FDN?

OGIG is cheaper with a 0.48% expense ratio, compared with 0.52% for FDN.

Which ETF pays a higher dividend yield, OGIG or FDN?

OGIG has the higher dividend yield at 0.08%, compared with 0.00% for FDN.

What is the main difference between OGIG and FDN?

OGIG tracks O’Shares Global Internet Giants Index, while FDN tracks Dow Jones Internet Index. They also come from different issuers: O'Shares Investments and First Trust. Their fees differ too: 0.48% for OGIG and 0.52% for FDN.

Which has better risk-adjusted returns?

FDN currently has the higher Sharpe Ratio (0.19 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.