Data as of .
ARKW vs FDN: which is really different?
ARKW and FDN hold 22% of their weight in the same names, and FDN returned more over the year.
ETFIQ Off-Index Score: FDN scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
22% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ARKW and FDN hold 22% of their money in the same securities at the same weight.
| Holding | ARKW | FDN |
|---|---|---|
| AMAZON.COM INC | 3.72% | 10.05% |
| META PLATFORMS INC-CLASS A | 3.47% | 10.18% |
| ALPHABET INC-CL C | 3.38% | 4.67% |
| CLOUDFLARE INC - CLASS A | 2.19% | 3.55% |
| DATADOG INC - CLASS A | 2.11% | 2.64% |
| ROBLOX CORP -CLASS A | 2.12% | 1.09% |
| COREWEAVE INC-CL A | 3.50% | 1.06% |
| NETFLIX INC | 1.02% | 5.94% |
| DOORDASH INC - A | 0.97% | 2.48% |
| SNOWFLAKE INC | 0.97% | 3.93% |
| CIRCLE INTERNET GROUP INC | 4.69% | 0.63% |
| AIRBNB INC-CLASS A | 0.57% | 2.38% |
| Only in ARKW | Only in FDN |
|---|---|
| TESLA INC 7.52% | Cisco Systems, Inc. 8.71% |
| ROBINHOOD MARKETS INC - A 5.11% | Alphabet Inc. (Class A) 5.86% |
| SPACE EXPLORATION TECHN-CL A 4.59% | Arista Networks, Inc. 4.65% |
| ADVANCED MICRO DEVICES 4.13% | Salesforce, Inc. 4.38% |
| COINBASE GLOBAL INC -CLASS A 4.03% | Booking Holdings Inc. 4.31% |
| ARK BITCOIN ETF HOLDCO (ARKW) 3.84% | Oracle Corporation 4.11% |
| SHOPIFY INC - CLASS A 3.56% | Ciena Corporation 1.70% |
| BLOCK INC 3.49% | Carvana Co. (Class A) 1.60% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ARKW | FDN | ARKW | FDN | ARKW | FDN | |
| 3 months | +8.4% | +8.4% | +6.2 pts | +6.2 pts | +10.9 pts | +10.9 pts |
| 6 months | +27.8% | +21.2% | +9.8 pts | +3.2 pts | +3.6 pts | −3.0 pts |
| 1 year | −5.3% | +0.8% | −21.8 pts | −15.8 pts | −27.0 pts | −21.0 pts |
| 3 years | +188.1% | +74.0% | +109.7 pts | −4.4 pts | +89.9 pts | −24.1 pts |
| Since launch | +867.7% | +1028.4% | +495.5 pts | +224.9 pts | +168.5 pts | −661.8 pts |
| ARKW ARK Next Generation Internet ETF Holds 43 stocks in internet and e-commerce, 50% of its weight in S&P 500 companies | FDN First Trust Dow Jones Internet Index Fund Holds 42 stocks in internet and e-commerce, 83% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | ARK | First Trust |
| Theme | Internet and e-commerce | Internet and e-commerce |
| In the S&P 500 | 50.0% | 82.8% |
| Active share vs the S&P 500 | 81.1% | 85.5% |
| In the Nasdaq-100 | 42.7% | 60.9% |
| Holdings | 43 | 42 |
| Top ten, share of the fund | 43.8% | 62.8% |
| Expense ratio | 0.76% | 0.49% |
| Fee for the differing part | 0.94% | 0.57% |
| Total return, 1 year | −5.3% | +0.8% |
| vs the S&P 500 | −21.8 pts | −15.8 pts |
| vs the Nasdaq-100 | −27.0 pts | −21.0 pts |
| Below its high | −13.7% | −2.4% |
| Net assets | $1.9bn | $5.3bn |
ARKW in plain words
By weight, 50% of ARKW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 81%. The top ten holdings are 44% of the fund across 43 positions, as published by its issuer for Sep 21, 2026. Over the year to Sep 18, 2026 the fund returned −5.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 21.8 pts. It sits 13.7% below its all-time high of Feb 12, 2021.
FDN in plain words
By weight, 83% 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 63% of the fund across 42 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +0.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 15.8 pts.
Questions people ask
- Do ARKW and FDN hold the same stocks?
- By their latest filings, 22% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, ARKW or FDN?
- ARKW has 50% of its weight in S&P 500 names and FDN has 83%, so FDN differs more from the index.
- Which is cheaper, ARKW or FDN?
- ARKW charges 0.76% a year and FDN charges 0.49%, so FDN is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, ARKW against FDN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/arkw-vs-fdn Free to use with attribution; the underlying files are at Open data.