ZXLK.TO vs. FDN.TO
ZXLK.TO (BMO SPDR Technology Select Sector Index ETF) and FDN.TO (First Trust Dow Jones Internet ETF) are both Technology Equities funds - ZXLK.TO tracks the Technology Select Sector Index while FDN.TO tracks the Dow Jones Internet Composite Index. Both are passively managed. Over the past year, ZXLK.TO returned 24.26% vs 2.55% for FDN.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
ZXLK.TO vs. FDN.TO - Performance Comparison
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Returns By Period
In the year-to-date period, ZXLK.TO achieves a 24.69% return, which is significantly higher than FDN.TO's 1.49% return.
ZXLK.TO
- 1D
- -0.24%
- 1M
- -5.45%
- 6M
- 22.12%
- YTD
- 24.69%
- 1Y
- 24.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDN.TO
- 1D
- -3.04%
- 1M
- 0.66%
- 6M
- 2.99%
- YTD
- 1.49%
- 1Y
- 2.55%
- 3Y*
- 17.99%
- 5Y*
- 4.31%
- 10Y*
- 3.20%
ZXLK.TO vs. FDN.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZXLK.TO BMO SPDR Technology Select Sector Index ETF | 24.69% | 9.84% |
FDN.TO First Trust Dow Jones Internet ETF | 1.49% | 4.43% |
Correlation
The correlation between ZXLK.TO and FDN.TO is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | 0.40 |
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Return for Risk
ZXLK.TO vs. FDN.TO — Risk / Return Rank
ZXLK.TO
FDN.TO
ZXLK.TO vs. FDN.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BMO SPDR Technology Select Sector Index ETF (ZXLK.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.
| ZXLK.TO | FDN.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.04 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.12 | +0.85 |
| Martin ratioReturn relative to average drawdown | 2.33 | 0.27 | +2.06 |
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Drawdowns
ZXLK.TO vs. FDN.TO - Drawdown Comparison
The maximum ZXLK.TO drawdown since its inception was -25.04%, smaller than the maximum FDN.TO drawdown of -50.44%. Use the drawdown chart below to compare losses from any high point for ZXLK.TO and FDN.TO.
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Drawdown Indicators
| ZXLK.TO | FDN.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.04% | -50.44% | +25.40% |
Max Drawdown (1Y)Largest decline over 1 year | -25.04% | -21.40% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.31% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.44% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.44% | — |
Current DrawdownCurrent decline from peak | -9.55% | -6.02% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -10.73% | +3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.42% | 9.45% | +0.97% |
Volatility
ZXLK.TO vs. FDN.TO - Volatility Comparison
BMO SPDR Technology Select Sector Index ETF (ZXLK.TO) has a higher volatility of 10.21% compared to First Trust Dow Jones Internet ETF (FDN.TO) at 5.37%. This indicates that ZXLK.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
| ZXLK.TO | FDN.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.21% | 5.37% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 20.75% | 16.68% | +4.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.59% | 20.01% | +6.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.00% | 26.14% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.00% | 21.16% | +9.84% |
Dividends
ZXLK.TO vs. FDN.TO - Dividend Comparison
ZXLK.TO's dividend yield for the trailing twelve months is around 0.25%, 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% |
ZXLK.TO BMO SPDR Technology Select Sector Index ETF | 0.25% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZXLK.TO and FDN.TO have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ZXLK.TO tracks Technology Select Sector Index, while FDN.TO tracks Dow Jones Internet Composite Index. They also come from different issuers: BMO and First Trust.
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