PNQI vs. FDN
Compare and contrast key facts about Invesco NASDAQ Internet ETF (PNQI) and First Trust Dow Jones Internet Index (FDN).
PNQI and FDN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PNQI is a passively managed fund by Invesco that tracks the performance of the NASDAQ Internet Index. It was launched on Jun 12, 2008. FDN is a passively managed fund by First Trust that tracks the performance of the Dow Jones Internet Index. It was launched on Jun 23, 2006. Both PNQI and FDN are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PNQI or FDN.
Performance
PNQI vs. FDN - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with PNQI having a 29.30% return and FDN slightly lower at 29.01%. Over the past 10 years, PNQI has underperformed FDN with an annualized return of 12.99%, while FDN has yielded a comparatively higher 14.61% annualized return.
PNQI
29.30%
7.34%
17.33%
36.18%
11.62%
12.99%
FDN
29.01%
11.55%
19.40%
42.96%
12.23%
14.61%
Key characteristics
| PNQI | FDN | |
|---|---|---|
| Sharpe Ratio | 2.09 | 2.31 |
| Sortino Ratio | 2.73 | 2.95 |
| Omega Ratio | 1.36 | 1.40 |
| Calmar Ratio | 1.03 | 1.29 |
| Martin Ratio | 13.12 | 11.98 |
| Ulcer Index | 2.76% | 3.59% |
| Daily Std Dev | 17.28% | 18.59% |
| Max Drawdown | -59.70% | -61.55% |
| Current Drawdown | -11.07% | -4.59% |
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PNQI vs. FDN - Expense Ratio Comparison
PNQI has a 0.62% expense ratio, which is higher than FDN's 0.52% expense ratio.
Correlation
The correlation between PNQI and FDN is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
PNQI vs. FDN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Internet ETF (PNQI) 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.
Dividends
PNQI vs. FDN - Dividend Comparison
Neither PNQI nor FDN has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
PNQI Invesco NASDAQ Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% |
FDN First Trust Dow Jones Internet Index | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PNQI vs. FDN - Drawdown Comparison
The maximum PNQI drawdown since its inception was -59.70%, roughly equal to the maximum FDN drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for PNQI and FDN. For additional features, visit the drawdowns tool.
Volatility
PNQI vs. FDN - Volatility Comparison
The current volatility for Invesco NASDAQ Internet ETF (PNQI) is 4.49%, while First Trust Dow Jones Internet Index (FDN) has a volatility of 5.47%. This indicates that PNQI experiences smaller price fluctuations and is considered to be less risky than FDN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.