FDN — First Trust Dow Jones Internet Index Fund

FDN Price Performance — Growth of $10,000

Value of a $10,000 investment in FDN over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

FDN Drawdown

The "underwater" chart: FDN's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The First Trust Dow Jones Internet Index Fund (FDN) is a technology sector ETF managed by First Trust with $4.98 billion in assets under management. It currently holds an overall rank of #416 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of D with a score of 41.4 out of 100. The fund charges an expense ratio of 0.49% and offers a dividend yield of 0.00%. Trading at a price of $268.24, the fund's substantial asset base suggests significant investor adoption despite its lower ranking within the broader market. It is one of 17 ETFs tracked by ETFValuer in the Technology category. The combination of a high expense ratio relative to its grade and zero dividend yield defines its current cost and income profile. Its position as the 416th ranked fund indicates it is currently underperforming the majority of the 458 ETFs monitored by the platform.

Recent performance data shows a sharp divergence between short-term gains and the one-year decline, with the fund rising 1.59% over the last day and 3.80% over the last month. This short-term momentum contrasts with a -0.59% drop over the week and a -1.53% loss over the past year. Over longer horizons, the fund has posted positive returns, gaining 2.13% in three months, 0.66% in six months, and 1.01% year-to-date. The three-year return stands at +59.87%, indicating a strong historical trend that has recently been interrupted by shorter-term volatility. The pattern suggests a recovery phase following the one-year decline, as the fund has moved from negative territory in the last month to positive gains across the three-month and six-month periods. Despite the positive three-year trajectory, the fund has not yet fully recovered the losses seen in the one-year window.

The fund carries a Moderate volatility label and a beta of 1.24, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of -0.32 suggests that the risk-adjusted returns have been negative over the measured period, meaning the fund has not adequately compensated investors for the volatility taken. This risk profile is further highlighted by a maximum drawdown of -24.98%, which represents the largest peak-to-trough decline experienced by the fund. The combination of a beta above 1.0 and a negative Sharpe ratio implies that the fund has experienced significant downside swings without generating sufficient excess returns to offset them. Investors in this fund are exposed to amplified market movements, as evidenced by the beta, while the negative Sharpe ratio and substantial drawdown point to periods of underperformance relative to the risk incurred.

AI-generated summary based on the data on this page.

FDN Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 61.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FDN's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With FDN

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FDN's top 10 — JEPQ overlaps most, holding 4 of the same companies as FDN's top 10 (38.1% of FDN's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FDN Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 406K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $4.98B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: FDN is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

FDN Performance History

How FDN Compares to Other Technology ETFs