Data as of Oct 28, 2026.
FDN vs VOO: Differences, Returns & Fees
Over the year to Oct 28, 2026, FDN returned −1.1% to VOO's +13.7%, and VOO charges 0.03% to FDN's 0.49%.
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Net assets: $5.1bn on Oct 27, 2026 for First Trust Dow Jones Internet Index Fund, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.
Pair scorecard
VOO costs 0.46 points a year less; their one-year returns differ by 14.8 points.
| Measure | FDN | VOO |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.1% | +13.7% |
| Drawdown | ||
| Below its all-time high | 6.3%, high on Oct 9, 2026 | |
| Benchmark | ||
| What it tracks | Internet and e-commerce | S&P 500 Index |
| Cost and size | ||
| Expense ratio | 0.49% | 0.03% |
| Net assets, FDN as of Oct 27, 2026 and VOO as of Sep 30, 2026 | $5.1bn | $1.0tn |
| Active share vs the S&P 500 | 86% | |
| Holdings | ||
| Holdings in common | 15% | |
| Top ten holdings, share of the fund | 61% | 39.1% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns · each against IVVFDN returned slightly more: +872.2% to +804.0%. VOO swung less: 15.9% to 22.9%. VOO fell less at its worst: −31.8% to −53.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FDN | VOO | IVV | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +872.2% | +804.0% | FDN (slight) | Price change plus distributions, reinvested. | |
| Annualized | +15.1% | +14.6% | FDN (slight) | Total return as a yearly rate. | |
| Price return | +870.5% | +575.9% | FDN | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 22.9% | 15.9% | VOO | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 15.4% | 10.9% | VOO | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −53.4% | −31.8% | VOO | Deepest fall from a high to the low after it. | |
| Upside capture | 138.0% | 99.8% | 100.0% | FDN | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 117.6% | 99.9% | 100.0% | VOO | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 1.19 | 1.00 | 1.00 | VOO lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.69 | 1.00 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.66 | 0.84 | VOO | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.98 | 1.22 | VOO | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.127 | 0.134 | 0.133 | VOO (slight) | Return above Treasury bills per unit of beta. |
| Calmar | 0.28 | 0.46 | VOO | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | IVV | IVV | IVV | The ETF each fund is measured against. | |
| Alpha | −0.8% a year | 0.0% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.24 | 0.51 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −7.0% to +5.5% | −0.1% to +0.2% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.14 | 0.02 | FDN | Return against its benchmark per unit of tracking error. | |
| Tracking error | 13.1% | 0.4% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDN and VOO hold 15% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
15% in common
Only in one fund ↓
Side by side
FDN and VOO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FDN and VOO do different jobs. What does each one do in a portfolio?
- What each follows. FDN follows Internet and e-commerce and VOO follows S&P 500 Index.
- Holdings in common. 15% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FDN returned −1.1% and VOO +13.7% with distributions reinvested, a gap of 14.8 points.
Data as of Oct 28, 2026.
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FDN
By weight, 82% of FDN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 86%. The top ten holdings are 61% of the fund across 41 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −1.1% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 14.8 pts. It sits 6.3% below its all-time high of Oct 9, 2026.
VOO
VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.
Questions people ask
- Are FDN and VOO in the same category?
- FDN is a thematic ETF and VOO is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, FDN or VOO?
- In the year to Oct 28, 2026, with distributions reinvested, FDN returned −1.1% and VOO +13.7%.
- Which is cheaper, FDN or VOO?
- VOO is cheaper, by 0.46 percentage points a year. That is about $46 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, FDN against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/fdn-vs-voo
ETFIQ. (Oct 28, 2026). FDN against VOO. Retrieved from https://etfiq.com/compare/any/fdn-vs-voo
[FDN against VOO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/fdn-vs-voo)
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