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-focused ETF issued by First Trust with $5.23 billion in assets under management. It holds a D grade and ranks 15th out of 17 peers in its category, reflecting a cost structure that exceeds the category median expense ratio of 0.37% with its 0.49% fee. The fund does not distribute dividends, contrasting with the category median yield of 0.19%, and concentrates its exposure with the top ten holdings comprising 60.9% of assets. Amazon.com Inc. represents the single largest position at 10.0% of the portfolio.

FDN’s recent performance shows a divergence between short-term weakness and longer-term gains, with the price currently trading at 72.4% of its 52-week range. While the fund has declined over the past day, week, and month, it has posted positive returns over the last three, six, and twelve months. The one-year return of +1.03% trails the category median of +29.02%, contributing to its downgrade from a C to a D grade on 2026-10-22. This assessment is based on a price history spanning only 3.0 years, which limits the depth of the historical record.

The fund exhibits a beta of 1.23, indicating it moves more than the broader market, alongside a moderate annualized volatility of 21.10%. A negative Sharpe ratio of -0.19 suggests that the risk-adjusted returns have been unfavorable relative to the risk taken. The maximum drawdown of -24.98% highlights the potential for significant capital erosion during downturns. Liquidity is supported by an average daily volume of 225,734 shares, though the overall rank of 377 out of 458 tracked ETFs underscores its weaker standing across all categories.

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

FDN Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 60.9% 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 — VT overlaps most, holding 3 of the same companies as FDN's top 10 (29.8% 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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FDN Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 226K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $5.23B 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