Data as of Oct 28, 2026.
FDN vs GDX: Holdings Overlap & Returns
Over the year to Oct 28, 2026, FDN returned −1.1% to GDX's +19.0%; 0% of their weight is in the same names.
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Net assets on Oct 27, 2026: $5.1bn for First Trust Dow Jones Internet Index Fund and $25.6bn for VanEck Gold Miners ETF.
82% of FDN's weight is in S&P 500 companies and 18% is outside the index. Holdings as of Oct 27, 2026.
12% of GDX's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Oct 22, 2026.
Pair scorecard
FDN costs 0.02 points a year less; their one-year returns differ by 20.1 points; GDX is 5.0 times larger.
Points (pts) are percentage points.
| Measure | FDN | GDX |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.1% | +19.0% |
| Drawdown | ||
| Below its all-time high | 6.3%, high on Oct 9, 2026 | 27.5%, high on Feb 27, 2026 |
| Against its benchmark | ||
| What it tracks | Internet and e-commerce | Gold miners |
| Against the S&P 500, 1 year | behind by 14.8 pts | |
| Its benchmark, total return, 1 year | +13.7% | +13.4% |
| Against its benchmark, 1 year | behind by 14.8 pts | ahead by 5.6 pts |
| Cost and size | ||
| Expense ratio | 0.49% | 0.51% |
| Net assets, as of Oct 27, 2026 | $5.1bn | $25.6bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Jun 30, 2006 to Oct 23, 2026 · 1,060 weekly returnsEach against its own benchmark: FDN against IVV, Jun 30, 2006 to Oct 23, 2026; GDX against ACWI, Apr 4, 2008 to Oct 23, 2026.
FDN returned more: +1,228.8% to +150.9%. FDN swung less: 24.1% to 38.3%. FDN fell less at its worst: −59.4% to −79.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FDN | GDX | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,228.8% | +150.9% | FDN | Price change plus distributions, reinvested. |
| Annualized | +13.5% | +4.6% | FDN | Total return as a yearly rate. |
| Price return | +1,223.1% | +107.2% | FDN | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.1% | 38.3% | FDN | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.4% | 26.4% | FDN | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −59.4% | −79.2% | FDN | Deepest fall from a high to the low after it. |
| Upside capture | 138.3% | 50.2% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 113.1% | 74.9% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.15 | 0.76 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.71 | 0.13 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.58 | 0.27 | FDN | Return above Treasury bills per unit of volatility. |
| Sortino | 0.85 | 0.39 | FDN | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.121 | 0.127 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.23 | 0.06 | FDN | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IVV | ACWI | The ETF each fund is measured against. | |
| Alpha | +1.8% a year | +3.4% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.64 | 0.41 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −3.8% to +7.4% | −13.0% to +19.9% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.26 | 0.04 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 13.2% | 36.4% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,060 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDN and GDX hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | FDN | GDX | FDN | GDX |
| 3 months | +5.5% | +14.1% | −0.6 pts vs IVV | +9.7 pts vs ACWI |
| 6 months | +7.7% | −2.6% | −1.4 pts vs IVV | −10.0 pts vs ACWI |
| 1 year | −1.1% | +19.0% | −14.8 pts vs IVV | +5.6 pts vs ACWI |
| 3 years | +89.6% | +197.7% | −5.8 pts vs IVV | +108.8 pts vs ACWI |
| Since launchNot the same days: FDN Jun 2006 · GDX May 2006 | +1,282.2% | +173.0% | not measured | not measured |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
FDN and GDX are built for the same job. How do they differ in cost, holdings and results?
- Theme. FDN covers Internet and e-commerce and GDX covers Gold miners.
- What each follows. FDN follows Internet and e-commerce and GDX follows Gold miners.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
Data as of Oct 28, 2026.
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FDN
By weight, 82% 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 61% of the fund across 41 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −1.1% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 14.8 pts. It sits 6.3% below its all-time high of Oct 9, 2026.
GDX
By weight, 12% of GDX'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 60% of the fund across 59 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +19.0% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 5.6 pts. It sits 27.5% below its all-time high of Feb 27, 2026.
Questions people ask
- Do FDN and GDX hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
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ETFIQ, FDN against GDX, data as of Oct 28, 2026. https://etfiq.com/compare/themes/fdn-vs-gdx
ETFIQ. (Oct 28, 2026). FDN against GDX. Retrieved from https://etfiq.com/compare/themes/fdn-vs-gdx
[FDN against GDX (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/fdn-vs-gdx)
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