Data as of .
ARKW vs FDNI: which is really different?
ARKW and FDNI hold 5% of their weight in the same names, and ARKW returned more over the year.
ETFIQ Off-Index Score: FDNI 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
5% 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 FDNI hold 5% of their money in the same securities at the same weight.
| Holding | ARKW | FDNI |
|---|---|---|
| SHOPIFY INC - CLASS A | 3.56% | 10.35% |
| SPOTIFY TECHNOLOGY SA | 1.13% | 5.52% |
| Only in ARKW | Only in FDNI |
|---|---|
| TESLA INC 7.52% | Alibaba Group Holding Limited 10.20% |
| ROBINHOOD MARKETS INC - A 5.11% | Tencent Holdings Limited 9.90% |
| CIRCLE INTERNET GROUP INC 4.69% | PDD Holdings Inc. (ADR) 5.86% |
| SPACE EXPLORATION TECHN-CL A 4.59% | NetEase, Inc. 4.62% |
| ADVANCED MICRO DEVICES 4.13% | JD.com, Inc. (Class A) 4.56% |
| COINBASE GLOBAL INC -CLASS A 4.03% | Prosus N.V. 4.56% |
| ARK BITCOIN ETF HOLDCO (ARKW) 3.84% | Meituan (Class B) 4.34% |
| AMAZON.COM INC 3.72% | Sea Limited (ADR) 4.32% |
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 | FDNI | ARKW | FDNI | ARKW | FDNI | |
| 3 months | +8.4% | −1.3% | +6.2 pts | −3.5 pts | +10.9 pts | +1.2 pts |
| 6 months | +27.8% | −3.6% | +9.8 pts | −21.7 pts | +3.6 pts | −27.9 pts |
| 1 year | −5.3% | −32.3% | −21.8 pts | −48.8 pts | −27.0 pts | −54.0 pts |
| 3 years | +188.1% | +24.5% | +109.7 pts | −53.9 pts | +89.9 pts | −73.6 pts |
| Since launch | +867.7% | +36.7% | +495.5 pts | −169.0 pts | +168.5 pts | −295.4 pts |
| ARKW ARK Next Generation Internet ETF Holds 43 stocks in internet and e-commerce, 50% of its weight in S&P 500 companies | FDNI First Trust Dow Jones International Internet ETF Holds 49 stocks in internet and e-commerce, 0% 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% | 0.0% |
| Active share vs the S&P 500 | 81.1% | 100.0% |
| In the Nasdaq-100 | 42.7% | 16.2% |
| Holdings | 43 | 49 |
| Top ten, share of the fund | 43.8% | 64.2% |
| Expense ratio | 0.76% | 0.65% |
| Fee for the differing part | 0.94% | 0.65% |
| Total return, 1 year | −5.3% | −32.3% |
| vs the S&P 500 | −21.8 pts | −48.8 pts |
| vs the Nasdaq-100 | −27.0 pts | −54.0 pts |
| Below its high | −13.7% | −52.7% |
| Net assets | $1.9bn | $32m |
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.
FDNI in plain words
By weight, 0% of FDNI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 64% of the fund across 49 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −32.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 48.8 pts. It sits 52.7% below its all-time high of Feb 16, 2021.
Questions people ask
- Do ARKW and FDNI hold the same stocks?
- By their latest filings, 5% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, ARKW or FDNI?
- ARKW has 50% of its weight in S&P 500 names and FDNI has 0%, so FDNI differs more from the index.
- Which is cheaper, ARKW or FDNI?
- ARKW charges 0.76% a year and FDNI charges 0.65%, so FDNI 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 FDNI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/arkw-vs-fdni Free to use with attribution; the underlying files are at Open data.