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ETFs

First Trust Dow Jones Internet Index Fund ETF

FDN
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 19 2006
Expense Ratio
0.52%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$106,022,606
AUM
$5,612,519,817
Associated Index
Dow Jones Internet Composite Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

AMZN
Amazon.com Inc.
9.38%
META
Meta Platforms Inc - Ordinary Shares - Class A
7.78%
GOOGL
Alphabet Inc - Ordinary Shares - Class A
5.56%
CSCO
Cisco Systems, Inc.
5.14%
CRM
Salesforce Inc
4.94%
GOOG
Alphabet Inc - Ordinary Shares - Class C
4.77%
NFLX
Netflix Inc.
4.34%
PYPL
PayPal Holdings Inc
3.31%
ABNB
Airbnb Inc - Ordinary Shares - Class A
3.16%
SNOW
Snowflake Inc - Ordinary Shares - Class A
3.00%
Invest with FDN

What is FDN?

The First Trust Dow Jones Internet Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the Dow Jones Internet Composite Index.

ETFs related toFDN

ETFs correlated to FDN include WEBL, PNQI, SKYY

FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares
PNQI
Invesco Capital Management LLC - Invesco NASDAQ Internet ETF
SKYY
First Trust Exchange-Traded Fund III - First Trust Cloud Computing ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
CLOU
Global X Funds - Global X Cloud Computing ETF
TIME
Capitol Series Trust - Clockwise Core Equity & Innovation ETF
IGM
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech Sector ETF
IGV
BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector ETF
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
VUG
Vanguard Group, Inc. - Vanguard Growth ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FDN is a US Equities ETF. The First Trust Dow Jones Internet Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the Dow Jones Internet Composite Index.

FDN tracks the Dow Jones Internet Composite Index.

No, FDN is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FDN is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FDN is -0.0049%. This is the percent change in the value of FDN over the most recent 1-month period. The 3-month return on FDN is 0.0107%. This is the percent change in the value of FDN over the most recent 3-month period.

The standard deviation of FDN for the past year is 0.2946%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FDN include XLI, XLY, and XLV.

ETFs correlated to FDN include WEBL, PNQI, and SKYY.

ETFs that are inversely correlated to FDN include WEBS, SQQQ, and QID.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.