Do ARKW and FDNI hold the same stocks?

By their latest filings, 6% of their books are the same securities at the same weight. 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 53% 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.

Data as of Nov 4, 2026.

Thematic ETFs

ARKW vs FDNI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ARKW returned −10.3% to FDNI's −28.0%; 6% of their weight is in the same names.

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Net assets: $1.6bn on Jul 31, 2026 for ARK Next Generation Internet ETF, and $29m on Nov 3, 2026 for First Trust Dow Jones International Internet ETF.

ARKW on its own →FDNI on its own →

At a glance

53.1%

ARKW in the S&P 500

0.0%

FDNI in the S&P 500

−10.3%

ARKW total return, 1 year

−28.0%

FDNI total return, 1 year

ARKW · 1 year to Nov 4, 2026 47% of its weight is outside the S&P 500

53% of ARKW's weight is in S&P 500 companies and 47% is outside the index. Holdings as of Jul 31, 2026.

FDNI · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of FDNI's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

FDNI costs 0.11 points a year less; their one-year returns differ by 17.7 points.

Points (pts) are percentage points.

ARKW vs FDNI: Holdings Overlap & Returns
Measure	ARKW	FDNI
Return
Measure	ARKW	FDNI
Total return, 1 year	−10.3%	−28.0%
Drawdown
Measure	ARKW	FDNI
Below its all-time high	20.2%, high on Feb 12, 2021	52.2%, high on Feb 16, 2021
Against its benchmark
Measure	ARKW	FDNI
What it tracks	Internet and e-commerce	Internet and e-commerce
Against the S&P 500, 1 year	behind by 25.1 pts
Its benchmark, total return, 1 year	+14.8%	+16.9%
Against its benchmark, 1 year	behind by 25.1 pts	behind by 44.9 pts
Cost and size
Measure	ARKW	FDNI
Expense ratio	0.76%	0.65%
Net assets, ARKW as of Jul 31, 2026 and FDNI as of Nov 3, 2026	$1.6bn	$29m
Active share vs the S&P 500	82%	100%
Holdings
Measure	ARKW	FDNI
Holdings in common	6%

Method

What they share

By the books each fund has filed, ARKW and FDNI hold 6% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first ARKW FDNI

SHOPIFY INC 4.46% 11.84%

SPOTIFY TECHNOLOGY SA 1.18% 6.67%

Only in one fund ↓

Only in ARKW

TESLA INC 7.48%

ADVANCED MICRO DEVICES INC 7.44%

ARK 21SHARES BITCOIN ETF 4.90%

ROBINHOOD MARKETS INC 4.56%

AMAZON.COM INC 4.44%

ALPHABET INC 4.07%

BLOCK INC 3.61%

CIRCLE INTERNET GROUP INC 3.60%

Only in FDNI

Tencent Holdings Limited 9.61%

Alibaba Group Holding Limited 9.53%

PDD Holdings Inc. (ADR) 6.11%

JD.com, Inc. (Class A) 4.77%

NetEase, Inc. 4.72%

Meituan (Class B) 4.52%

Prosus N.V. 4.48%

Adyen NV 3.87%

Check overlap with more funds →

Window by window

Window by window: ARKW vs FDNI: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	ARKW	FDNI	ARKW	FDNI
3 months	+1.2%	−9.5%	+1.3 pts vs VOO	−6.6 pts vs ACWX
6 months	+0.7%	−7.7%	−4.3 pts vs VOO	−7.1 pts vs ACWX
1 year	−10.3%	−28.0%	−25.1 pts vs VOO	−44.9 pts vs ACWX
3 years	+156.8%	+26.1%	+73.5 pts vs VOO	−44.5 pts vs ACWX
Since launchNot the same days: ARKW Sep 2014 · FDNI Nov 2018	+794.7%	+38.1%	+416.2 pts vs VOO	−65.1 pts vs ACWX

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Side by side

ARKW ARK Next Generation Internet ETF · Holds 43 stocks in internet and e-commerce, 53% of its weight in S&P 500 companies FDNI First Trust Dow Jones International Internet ETF · Holds 40 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 53.1% 0.0%

Active share vs the S&P 500 82.5% 100.0%

In the Nasdaq-100 53.5% 17.9%

Holdings 43 40

Top ten, share of the fund 48.0% 66.1%

Expense ratio 0.76% 0.65%

Fee for the differing part 0.92% 0.65%

Total return, 1 year −10.3% −28.0%

vs its benchmark −25.1 pts vs VOO −44.9 pts vs ACWX

Below its high −20.2% −52.2%

Net assets, ARKW as of Jul 31, 2026 and FDNI as of Nov 3, 2026 $1.6bn $29m

As of Nov 4, 2026. Source: ETFIQ.

6% of the two portfolios are the same securities at the same weight.

Alert

About each fund

ARKW

By weight, 53% of ARKW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 48% of the fund across 43 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned −10.3% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 25.1 pts. It sits 20.2% below its all-time high of Feb 12, 2021.

FDNI

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 66% of the fund across 40 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −28.0% with distributions reinvested against +16.9% for its benchmark, the MSCI ACWI ex-USA Index, so a holder was behind by 44.9 pts. It sits 52.2% below its all-time high of Feb 16, 2021.

Questions people ask

Do ARKW and FDNI hold the same stocks?: By their latest filings, 6% of their books are the same securities at the same weight. 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 53% 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

ARKW vs FDN ARKW vs FMQQ ARKW vs INQQ ARKW vs ONLN FDNI vs KWEB FDNI vs PNQI FDNI vs EMQQ FDNI vs IBUY

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →ARKW on its own →FDNI on its own →ARKW dividend history →ARKW holdings →FDNI dividend history →FDNI holdings →Method →Standards and sources →

Sources and dates

ARKW filings on SEC EDGAR ↗

ARKW prospectus with the expense ratio (SEC) ↗

ARK page for ARKW ↗

FDNI filings on SEC EDGAR ↗

FDNI prospectus with the expense ratio (SEC) ↗

First Trust page for FDNI ↗

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, ARKW against FDNI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/arkw-vs-fdni

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