Which is more different from the S&P 500, FDN or GUNR?

FDN has 83% of its weight in S&P 500 names and GUNR has 27%, so GUNR differs more from the index.

Which is cheaper, FDN or GUNR?

FDN charges 0.49% a year and GUNR charges 0.46%, so GUNR is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FDN vs GUNR: Holdings Overlap & Returns

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FDN holds 83.1% of its weight in S&P 500 companies and GUNR 27.1%.

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Net assets: $4.8bn on Nov 3, 2026 for First Trust Dow Jones Internet Index Fund, and $7.2bn on Jul 31, 2026 for Northern Trust Morningstar Global Upstream Natural Resources ETF.

FDN on its own →GUNR on its own →

At a glance

83.1%

FDN in the S&P 500

27.1%

GUNR in the S&P 500

−1.6%

FDN total return, 1 year

+26.8%

GUNR total return, 1 year

FDN · 1 year to Nov 4, 2026 17% of its weight is outside the S&P 500

83% of FDN's weight is in S&P 500 companies and 17% is outside the index. Holdings as of Nov 3, 2026.

GUNR · 1 year to Nov 4, 2026 73% of its weight is outside the S&P 500

27% of GUNR's weight is in S&P 500 companies and 73% is outside the index. Holdings as of Jul 31, 2026.

Pair scorecard

GUNR costs 0.03 points a year less; their one-year returns differ by 28.4 points.

Points (pts) are percentage points.

FDN vs GUNR: Holdings Overlap & Returns
Measure	FDN	GUNR
Return
Measure	FDN	GUNR
Total return, 1 year	−1.6%	+26.8%
Drawdown
Measure	FDN	GUNR
Below its all-time high	9.5%, high on Oct 9, 2026	7.5%, high on Sep 9, 2026
Against its benchmark
Measure	FDN	GUNR
What it tracks	Internet and e-commerce	Natural resources
Against the S&P 500, 1 year	behind by 16.4 pts
Its benchmark, total return, 1 year	+14.8%
Against its benchmark, 1 year	behind by 16.4 pts
Cost and size
Measure	FDN	GUNR
Expense ratio	0.49%	0.46%
Net assets, FDN as of Nov 3, 2026 and GUNR as of Jul 31, 2026	$4.8bn	$7.2bn
Holdings
Measure	FDN	GUNR
Holdings in common	not published

Method

Window by window

Window by window: FDN vs GUNR: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FDN	GUNR	FDN	GUNR
3 months	−5.1%	+1.3%	−5.0 pts vs IVV	not measured
6 months	+2.2%	−2.5%	−2.8 pts vs IVV	not measured
1 year	−1.6%	+26.8%	−16.4 pts vs IVV	not measured
3 years	+71.5%	+45.4%	−11.9 pts vs IVV	not measured
Since launchNot the same days: FDN Jun 2006 · GUNR Sep 2011	+1,234.4%	+149.3%	not measured	not measured

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Side by side

FDN First Trust Dow Jones Internet Index Fund · Holds 41 stocks in internet and e-commerce, 83% of its weight in S&P 500 companies GUNR Northern Trust Morningstar Global Upstream Natural Resources ETF · Holds 135 stocks in natural resources, 27% of its weight in S&P 500 companies

Issuer First Trust Northern Trust

Theme Internet and e-commerce Natural resources

In the S&P 500 83.1% 27.1%

Active share vs the S&P 500 85.5% 98.3%

In the Nasdaq-100 61.9% 0.4%

Holdings 41 135

Top ten, share of the fund 61.5% 36.6%

Expense ratio 0.49% 0.46%

Fee for the differing part 0.57% 0.47%

Total return, 1 year −1.6% +26.8%

vs its benchmark −16.4 pts vs IVV not measured

Below its high −9.5% −7.5%

Net assets, FDN as of Nov 3, 2026 and GUNR as of Jul 31, 2026 $4.8bn $7.2bn

As of Nov 4, 2026. Source: ETFIQ.

Client brief:

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About each fund

FDN

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 62% of the fund across 41 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −1.6% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 16.4 pts. It sits 9.5% below its all-time high of Oct 9, 2026.

GUNR

By weight, 27% of GUNR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 37% of the fund across 135 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned +26.8% with distributions reinvested. It sits 7.5% below its all-time high of Sep 9, 2026.

Questions people ask

Which is more different from the S&P 500, FDN or GUNR?: FDN has 83% of its weight in S&P 500 names and GUNR has 27%, so GUNR differs more from the index.
Which is cheaper, FDN or GUNR?: FDN charges 0.49% a year and GUNR charges 0.46%, so GUNR is cheaper. Fees come from each fund's prospectus.

Other comparisons

FDN vs GNR FDN vs GRID FDN vs SIL FDN vs IFRA GUNR vs KWEB GUNR vs XME GUNR vs NLR GUNR vs QTUM

Where to next

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

Sources and dates

FDN filings on SEC EDGAR ↗

FDN prospectus with the expense ratio (SEC) ↗

First Trust page for FDN ↗

GUNR filings on SEC EDGAR ↗

GUNR prospectus with the expense ratio (SEC) ↗

Northern Trust website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Every number is an ETFIQ calculation with distributions reinvested.

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ETFIQ, FDN against GUNR, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fdn-vs-gunr

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