Data as of .
EMQQ vs FDNI: which is really different?
EMQQ and FDNI hold 46% of their weight in the same names, and EMQQ returned more over the year.
ETFIQ Off-Index Score: EMQQ 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
46% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, EMQQ and FDNI hold 46% of their money in the same securities at the same weight.
| Holding | EMQQ | FDNI |
|---|---|---|
| Alibaba Group Holding Limited | 6.79% | 10.20% |
| Tencent Holdings Limited | 5.95% | 9.90% |
| NETEASE, INC. | 3.46% | 4.62% |
| NAVER Corporation | 2.75% | 3.02% |
| KUAISHOU TECHNOLOGY | 1.33% | 1.52% |
| Delivery Hero SE | 1.15% | 0.97% |
| Kakao Corp. | 1.05% | 0.76% |
| Allegro.eu SA | 0.74% | 1.50% |
| NEXON Co., Ltd. | 0.74% | 0.99% |
| JD Health International Inc | 0.41% | 0.56% |
| Only in EMQQ | Only in FDNI |
|---|---|
| MercadoLibre, Inc. 8.40% | Shopify Inc. (Class A) 10.35% |
| RELIANCE INDUSTRIES LIMITED 8.15% | PDD Holdings Inc. (ADR) 5.86% |
| PDD Holdings Inc. 6.23% | Spotify Technology S.A. 5.52% |
| SEA LIMITED 6.08% | JD.com, Inc. (Class A) 4.56% |
| Nu Holdings Ltd. 5.66% | Prosus N.V. 4.56% |
| MEITUAN 4.06% | Meituan (Class B) 4.34% |
| NASPERS LIMITED 3.35% | Sea Limited (ADR) 4.32% |
| BAJAJ FINANCE LIMITED 3.27% | Adyen NV 4.12% |
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 May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| EMQQ | FDNI | EMQQ | FDNI | EMQQ | FDNI | |
| 3 months | −0.1% | −1.3% | −2.4 pts | −3.5 pts | +2.4 pts | +1.2 pts |
| 6 months | −2.4% | −3.6% | −20.5 pts | −21.7 pts | −26.7 pts | −27.9 pts |
| 1 year | −30.5% | −32.3% | −47.1 pts | −48.8 pts | −52.3 pts | −54.0 pts |
| 3 years | +11.2% | +24.5% | −67.2 pts | −53.9 pts | −87.0 pts | −73.6 pts |
| Since launch | +32.8% | +36.7% | −322.8 pts | −169.0 pts | −634.5 pts | −295.4 pts |
| EMQQ EMQQ The Emerging Markets Internet ETF Holds 58 stocks in internet and e-commerce, 0% 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 | EMQQ Global | First Trust |
| Theme | Internet and e-commerce | Internet and e-commerce |
| In the S&P 500 | 0.0% | 0.0% |
| Active share vs the S&P 500 | 100.0% | 100.0% |
| In the Nasdaq-100 | 14.6% | 16.2% |
| Holdings | 58 | 49 |
| Top ten, share of the fund | 58.1% | 64.2% |
| Expense ratio | 0.86% | 0.65% |
| Fee for the differing part | 0.86% | 0.65% |
| Total return, 1 year | −30.5% | −32.3% |
| vs the S&P 500 | −47.1 pts | −48.8 pts |
| vs the Nasdaq-100 | −52.3 pts | −54.0 pts |
| Below its high | −58.8% | −52.7% |
| Net assets | $264m | $32m |
EMQQ in plain words
By weight, 0% of EMQQ'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 58% of the fund across 58 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned −30.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 47.1 pts. It sits 58.8% below its all-time high of Feb 17, 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 EMQQ and FDNI hold the same stocks?
- By their latest filings, 46% 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, EMQQ or FDNI?
- EMQQ has 0% of its weight in S&P 500 names and FDNI has 0%, so EMQQ differs more from the index.
- Which is cheaper, EMQQ or FDNI?
- EMQQ charges 0.86% 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, EMQQ against FDNI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/emqq-vs-fdni Free to use with attribution; the underlying files are at Open data.