TECH.TO vs. FDN.TO
TECH.TO (Evolve FANGMA Index ETF Hedged CAD) and FDN.TO (First Trust Dow Jones Internet ETF) are both Technology Equities funds - TECH.TO tracks the Solactive FANGMA Equal Weight Index while FDN.TO tracks the Dow Jones Internet Composite Index. Both are passively managed. Over the past 5 years, TECH.TO returned 13.50%/yr vs 4.92%/yr for FDN.TO. At a 0.44 correlation, their price movements are largely independent.
Performance
TECH.TO vs. FDN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, TECH.TO achieves a 1.30% return, which is significantly lower than FDN.TO's 4.51% return.
TECH.TO
- 1D
- 2.74%
- 1M
- 2.80%
- 6M
- 2.94%
- YTD
- 1.30%
- 1Y
- 9.38%
- 3Y*
- 22.52%
- 5Y*
- 13.50%
- 10Y*
- —
FDN.TO
- 1D
- 0.35%
- 1M
- 5.14%
- 6M
- 6.20%
- YTD
- 4.51%
- 1Y
- 6.45%
- 3Y*
- 19.77%
- 5Y*
- 4.92%
- 10Y*
- 3.50%
TECH.TO vs. FDN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TECH.TO Evolve FANGMA Index ETF Hedged CAD | 1.30% | 18.19% | 40.22% | 80.38% | -43.52% | 20.13% |
FDN.TO First Trust Dow Jones Internet ETF | 4.51% | 5.45% | 41.28% | 49.01% | -43.35% | 10.05% |
Correlation
The correlation between TECH.TO and FDN.TO 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 | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.44 |
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Return for Risk
TECH.TO vs. FDN.TO — Risk / Return Rank
TECH.TO
FDN.TO
TECH.TO vs. FDN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolve FANGMA Index ETF Hedged CAD (TECH.TO) and First Trust Dow Jones Internet ETF (FDN.TO). 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.
| TECH.TO | FDN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.08 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 0.30 | +0.26 |
| Martin ratioReturn relative to average drawdown | 1.57 | 0.68 | +0.89 |
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Drawdowns
TECH.TO vs. FDN.TO - Drawdown Comparison
The maximum TECH.TO drawdown since its inception was -47.92%, roughly equal to the maximum FDN.TO drawdown of -50.44%. Use the drawdown chart below to compare losses from any high point for TECH.TO and FDN.TO.
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Drawdown Indicators
| TECH.TO | FDN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.92% | -50.44% | +2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -16.60% | -21.40% | +4.80% |
Max Drawdown (3Y)Largest decline over 3 years | -24.14% | -26.31% | +2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -47.92% | -50.44% | +2.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.44% | — |
Current DrawdownCurrent decline from peak | -3.80% | -3.22% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -12.22% | -10.74% | -1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.98% | 9.44% | -3.46% |
Volatility
TECH.TO vs. FDN.TO - Volatility Comparison
Evolve FANGMA Index ETF Hedged CAD (TECH.TO) has a higher volatility of 8.26% compared to First Trust Dow Jones Internet ETF (FDN.TO) at 5.14%. This indicates that TECH.TO's price experiences larger fluctuations and is considered to be riskier than FDN.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TECH.TO | FDN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.26% | 5.14% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.11% | 16.42% | -1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.12% | 19.77% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.77% | 26.12% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.46% | 21.15% | +5.31% |
Dividends
TECH.TO vs. FDN.TO - Dividend Comparison
TECH.TO's dividend yield for the trailing twelve months is around 0.09%, while FDN.TO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDN.TO First Trust Dow Jones Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.65% | 5.69% | 1.47% | 1.40% | 1.76% | 1.51% | 1.50% |
TECH.TO Evolve FANGMA Index ETF Hedged CAD | 0.09% | 0.09% | 0.12% | 0.20% | 0.35% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TECH.TO and FDN.TO 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.
TECH.TO tracks Solactive FANGMA Equal Weight Index, while FDN.TO tracks Dow Jones Internet Composite Index. They also come from different issuers: Evolve and First Trust.
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