Which is cheaper, FDND or NLSI?

FDND charges 0.75% a year and NLSI charges 2.89%, so FDND is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

FDND vs NLSI: Dividend Yield & Total Return

FDND and NLSI both write options for income.

askIQ about this page

Net assets: $9.3m on Nov 3, 2026 for FT Vest Dow Jones Internet & Target Income ETF, and $5.3m on Oct 28, 2026 for NEOS Long/Short Equity Income ETF.

FDND on its own →NLSI on its own →

At a glance

7.3%

FDND cash paid, 1 year

5.0%

NLSI cash paid, since launch, Dec 10, 2025

−2.6%

FDND total return, 1 year

+17.7%

NLSI total return, since launch, Dec 10, 2025

FDND · 1 year to Nov 4, 2026 1 pt behind FDN

FDND

−2.6%

FDN

−1.6%

1 pt behind FDN

FDND over 1 year: paid 7.3%, price −10.1%, total −2.6%, FDN −1.6%, −1.0 pts. Data to Nov 4, 2026.

FDN

−1.6%

FDND

−2.6%

1 pt behind FDN

Total return, distributions reinvested

1 pt behind FDN

FDND over 1 year: paid 7.3%, price −10.1%, total −2.6%, FDN −1.6%, −1.0 pts. Data to Nov 4, 2026.

FDN

−1.6%

FDND

−2.6%

1 pt behind FDN

7.3% of it arrived as cash. Total return, distributions reinvested. FDND over 1 year: paid 7.3%, price −10.1%, total −2.6%, FDN −1.6%, −1.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

NLSI · since launch to Nov 4, 2026 5 pts ahead of SPY

NLSI

+17.7%

SPY

+12.7%

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5.0% as cash

5 pts ahead of SPY

Total return, distributions reinvested

5 pts ahead of SPY

NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

SPY

+12.7%

NLSI

+17.7%

5 pts ahead of SPY

5.0% of it arrived as cash. Both charts share one scale, with zero at the line. NLSI since launch: paid 5.0%, price +12.0%, total +17.7%, SPY +12.7%, +5.0 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

FDND costs 2.14 points a year less; FDND is 1.8 times larger.

Points (pts) are percentage points.

FDND vs NLSI: Dividend Yield & Total Return
Measure	FDND	NLSI
Paid and earned
Measure	FDND	NLSI
Total return, 1 year	−2.6%	not published
Price change	fell 10.1% (1 year)	rose 12.0% (since Dec 10, 2025)
Return of capital, issuer estimate	100% of the Oct 30, 2026 payment	100% of the Oct 30, 2026 payment
Against its benchmark
Measure	FDND	NLSI
Benchmark	First Trust Dow Jones Internet Index Fund, measured through FDN	S&P 500, measured through SPY
Against its benchmark, same days	behind by 1.0 pts	ahead by 5.0 pts
Cost and size
Measure	FDND	NLSI
Expense ratio	0.75%	2.89%
Net assets, as of Oct 28, 2026	$9.8m	$5.3m
Holdings
Measure	FDND	NLSI
Holdings in common	2%

Method

What they share

By the books each fund has filed, FDND and NLSI hold 2% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

2% in common

Positions both hold · largest shared weight first FDND NLSI

PayPal Holdings, Inc. 1.82% 4.29%

Oracle Corporation 3.78% -0.87%

Alphabet Inc. (Class A) 5.05% -1.47%

Cisco Systems, Inc. 8.81% -1.68%

Carvana Co. (Class A) 1.88% -1.69%

Amazon.com, Inc. 10.68% -1.76%

Meta Platforms, Inc. (Class A) 10.21% -1.95%

Only in one fund ↓

Only in FDND

Netflix, Inc. 5.64%

Salesforce, Inc. 4.40%

Booking Holdings Inc. 4.29%

Arista Networks, Inc. 4.26%

Alphabet Inc. (Class C) 4.06%

Snowflake Inc. (Class A) 3.75%

Cloudflare, Inc. (Class A) 3.23%

Datadog, Inc. (Class A) 2.72%

Only in NLSI

Micron Technology Inc 12.00%

Marathon Petroleum Corp 5.94%

Valero Energy Corp 5.14%

Chevron Corp 4.51%

Intuit Inc 4.45%

Walt Disney Co 4.42%

Phillips 66 4.39%

Comfort Systems USA Inc 4.30%

Check overlap with more funds →

Side by side

FDND FT Vest Dow Jones Internet & Target Income ETF · Writes calls on the Nasdaq-100, measured against the Dow Jones Internet Composite Index, paying monthly NLSI NEOS Long/Short Equity Income ETF · Option income on SPY, paying monthly

Issuer First Trust NEOS

Strategy option income option income

Benchmark First Trust Dow Jones Internet Index Fund (FDN) S&P 500 (SPY)

Pays monthly monthly

Payout rate, annualized 8.2% 5.6%

Expense ratio 0.75% 2.89%

Cash paid, 1 year 7.3% 5.0% (since launch, Dec 10, 2025)

Price change, 1 year −10.1% +12.0% (since launch, Dec 10, 2025)

Total return, 1 year −2.6% +17.7% (since launch, Dec 10, 2025)

Benchmark return, 1 year −1.6% +12.7% (since launch, Dec 10, 2025)

Ahead or behind −1.0 pts +5.0 pts (since launch, Dec 10, 2025)

Return of capital, latest estimate 100% 100%

Age 2.6 years 329 days

Net assets, FDND as of Nov 3, 2026 and NLSI as of Oct 28, 2026 $9.3m $5.3m

As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.

Window by window

Window by window: FDND vs NLSI: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	FDND	NLSI	FDND	NLSI	FDND	NLSI
3 months	−4.7%	+6.7%	2.0%	1.4%	+0.5 pts	+6.9 pts
6 months	+2.2%	+21.4%	4.0%	3.0%	0.0 pts	+16.4 pts
1 year	−2.6%	–	7.3%	–	−1.0 pts	–
Since launchNot the same days: FDND Mar 2024 · NLSI Dec 2025	+27.3%	+17.7%	21.9%	5.0%	−4.9 pts	+4.9 pts

– means no data for this window. Open this comparison in the app →

Alert

About each fund

FDND

Over the year to Nov 4, 2026, FDND paid 7.3% of its starting value in cash distributions while its price fell 10.1%. With every distribution reinvested, the fund returned −2.6%. First Trust Dow Jones Internet Index Fund (FDN) returned −1.6% over the same days, so a holder was behind by 1.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 8.2%, paid monthly. First Trust estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

NLSI

Over the period from its first trade on Dec 10, 2025 to Nov 4, 2026, NLSI paid 5.0% of its starting value in cash distributions while its price rose 12.0%. With every distribution reinvested, the fund returned +17.7%. S&P 500 (SPY) returned +12.7% over the same days, so a holder was ahead by 5.0 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 5.6%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 30, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which is cheaper, FDND or NLSI?: FDND charges 0.75% a year and NLSI charges 2.89%, so FDND is cheaper. Fees come from each fund's prospectus.

Other comparisons

FDND vs TPRY FDND vs JULJ FDND vs SPIN FDND vs OEI NLSI vs ULTY NLSI vs SIXH NLSI vs YYY NLSI vs SDVD

Where to next

First Trust Dow Jones Internet Index Fund (FDN) →S&P 500 (SPY) →All income ETFs ranked by the Distribution Coverage Score →How the scores are computed →FDND on its own →NLSI on its own →FDND dividend history →FDND holdings →NLSI dividend history →NLSI holdings →Method →Standards and sources →

Sources and dates

FDND filings on SEC EDGAR ↗

FDND prospectus with the expense ratio (SEC) ↗

FDND 19a-1 distribution notice ↗

First Trust page for FDND ↗

NLSI filings on SEC EDGAR ↗

NLSI prospectus with the expense ratio (SEC) ↗

NLSI 19a-1 distribution notice ↗

NEOS page for NLSI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FDND against NLSI, data as of Nov 4, 2026. https://etfiq.com/compare/income/fdnd-vs-nlsi

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.