TRE.L vs. FDN.L
TRE.L (First Trust Alerian Disruptive Technology Real Estate UCITS ETF) and FDN.L (First Trust Dow Jones Internet UCITS ETF Class A USD) are both exchange-traded funds - TRE.L is a REIT fund tracking the First Trust Alerian Disruptive Technology Real Estate 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 3 years, TRE.L returned 2.81%/yr vs 17.40%/yr for FDN.L. At a 0.40 correlation, their price movements are largely independent.
Performance
TRE.L vs. FDN.L - Performance Comparison
Loading charts...
Different Trading Currencies
TRE.L is traded in USD, while FDN.L is traded in GBp. To make them comparable, the FDN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRE.L achieves a 7.87% return, which is significantly higher than FDN.L's 2.55% return.
TRE.L
- 1D
- 0.55%
- 1M
- -0.32%
- 6M
- 6.26%
- YTD
- 7.87%
- 1Y
- 10.69%
- 3Y*
- 2.81%
- 5Y*
- —
- 10Y*
- —
FDN.L
- 1D
- 0.90%
- 1M
- 2.39%
- 6M
- 5.03%
- YTD
- 2.55%
- 1Y
- 4.22%
- 3Y*
- 17.40%
- 5Y*
- 2.92%
- 10Y*
- —
TRE.L vs. FDN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TRE.L First Trust Alerian Disruptive Technology Real Estate UCITS ETF | 7.87% | 7.74% | -10.98% | 13.15% | -25.64% |
FDN.L First Trust Dow Jones Internet UCITS ETF Class A USD | 2.55% | 10.07% | 30.44% | 53.64% | -35.59% |
Correlation
The correlation between TRE.L and FDN.L is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2022 | 0.40 |
The correlation between TRE.L and FDN.L shifts across timeframes, from 0.21 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
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
TRE.L vs. FDN.L — Risk / Return Rank
TRE.L
FDN.L
TRE.L vs. FDN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Alerian Disruptive Technology Real Estate UCITS ETF (TRE.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.
| TRE.L | FDN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.05 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 0.20 | +1.01 |
| Martin ratioReturn relative to average drawdown | 3.74 | 0.48 | +3.25 |
Loading charts...
Drawdowns
TRE.L vs. FDN.L - Drawdown Comparison
The maximum TRE.L drawdown since its inception was -35.43%, smaller than the maximum FDN.L drawdown of -53.81%. Use the drawdown chart below to compare losses from any high point for TRE.L and FDN.L.
Loading charts...
Drawdown Indicators
| TRE.L | FDN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.43% | -53.81% | +18.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -20.84% | +11.43% |
Max Drawdown (3Y)Largest decline over 3 years | -21.15% | -26.01% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -53.81% | — |
Current DrawdownCurrent decline from peak | -14.28% | -3.96% | -10.32% |
Average DrawdownAverage peak-to-trough decline | -21.59% | -19.82% | -1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 8.72% | -5.67% |
Volatility
TRE.L vs. FDN.L - Volatility Comparison
The current volatility for First Trust Alerian Disruptive Technology Real Estate UCITS ETF (TRE.L) is 4.97%, while First Trust Dow Jones Internet UCITS ETF Class A USD (FDN.L) has a volatility of 7.69%. This indicates that TRE.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
| TRE.L | FDN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 7.69% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.13% | 16.56% | -5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.98% | 20.30% | -6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.60% | 28.97% | -10.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.60% | 28.94% | -10.34% |
Dividends
TRE.L vs. FDN.L - Dividend Comparison
Neither TRE.L nor FDN.L has paid dividends to shareholders.
Frequently Asked Questions
TRE.L and FDN.L have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRE.L is categorized as REIT, while FDN.L is Technology Equities. TRE.L tracks First Trust Alerian Disruptive Technology Real Estate UCITS ETF, while FDN.L tracks MSCI World/Information Tech NR USD.
Find the right allocation for TRE.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