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 fund issued by First Trust that currently holds $4.98 billion in assets under management. Trading at a price of $259.14, the fund carries an expense ratio of 0.49% and offers a dividend yield of 0.00%. In the broader landscape of 458 tracked ETFs, FDN holds an overall rank of #420 and has received an ETFValuer grade of D with a score of 40.2 out of 100. Within the specific Technology category, which contains 17 ETFs tracked by the firm, the fund's positioning reflects its current standing relative to peers. The substantial asset base suggests significant investor adoption despite the lower overall ranking and grade. The absence of dividend income combined with the moderate expense ratio defines its cost and income profile for potential holders. This combination of metrics places the fund in a distinct position within the technology sector compared to other available options.

Recent performance data shows a mixed pattern across various time horizons, starting with a 1-day return of +0.44% followed by a 1-week decline of -3.94%. Over the past month, the fund posted a slight gain of +0.09%, but this was followed by a 3-month loss of -0.32% and a 6-month decline of -1.03%. Year-to-date returns stand at -2.41%, while the 1-year return is recorded at -4.04%, indicating recent underperformance relative to longer-term trends. In contrast, the 3-year return demonstrates a significant positive trajectory of +49.18%, suggesting a divergence between short-term results and multi-year growth. This pattern highlights a deceleration in performance over the last year after a period of strong accumulation over the previous three years. The data indicates that while the fund has delivered substantial long-term gains, recent market conditions have negatively impacted its shorter-term returns.

The fund exhibits a volatility label of Moderate alongside a beta of 1.24, indicating that its price movements tend to be more pronounced than the broader market. A Sharpe ratio of -0.45 suggests that the risk-adjusted returns have been negative over the measured period, reflecting returns that do not adequately compensate for the volatility incurred. The maximum drawdown of -24.98% illustrates the extent of potential loss during adverse market conditions, highlighting significant downside risk. This combination of a beta above 1.0 and a negative Sharpe ratio implies that the fund may experience amplified declines during market downturns without generating sufficient excess returns to offset that risk. Investors should note that the moderate volatility classification aligns with the high beta, confirming that the fund is sensitive to market swings. The substantial maximum drawdown further underscores the potential for significant capital erosion during periods of market stress.

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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 0.68% and average daily volume is 414K/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