Do FDN and IFRA 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.

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

FDN has 82% of its weight in S&P 500 names and IFRA has 72%, so IFRA differs more from the index.

Which is cheaper, FDN or IFRA?

FDN charges 0.49% a year and IFRA charges 0.30%, so IFRA is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

FDN vs IFRA: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, FDN returned −1.1% to IFRA's +9.4%; 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 $4.0bn for iShares U.S. Infrastructure ETF.

FDN on its own →IFRA on its own →

At a glance

81.9%

FDN in the S&P 500

72.1%

IFRA in the S&P 500

−1.1%

FDN total return, 1 year

+9.4%

IFRA total return, 1 year

FDN · 1 year to Oct 28, 2026 18% of its weight is outside the S&P 500

82% of FDN's weight is in S&P 500 companies and 18% is outside the index. Holdings as of Oct 27, 2026.

IFRA · 1 year to Oct 28, 2026 28% of its weight is outside the S&P 500

72% of IFRA's weight is in S&P 500 companies and 28% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

IFRA costs 0.19 points a year less; their one-year returns differ by 10.5 points; FDN is 1.3 times larger.

Points (pts) are percentage points.

FDN vs IFRA: Holdings Overlap & Returns
Measure	FDN	IFRA
Return
Measure	FDN	IFRA
Total return, 1 year	−1.1%	+9.4%
Drawdown
Measure	FDN	IFRA
Below its all-time high	6.3%, high on Oct 9, 2026	9.6%, high on Jun 25, 2026
Against its benchmark
Measure	FDN	IFRA
What it tracks	Internet and e-commerce	Infrastructure
Against the S&P 500, 1 year	behind by 14.8 pts
Its benchmark, total return, 1 year	+13.7%
Against its benchmark, 1 year	behind by 14.8 pts
Cost and size
Measure	FDN	IFRA
Expense ratio	0.49%	0.30%
Net assets, as of Oct 27, 2026	$5.1bn	$4.0bn
Holdings
Measure	FDN	IFRA
Holdings in common	0%

ETFIQ S&P 500 Difference Score · IFRA scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score52.2FDN73.7IFRA

How different its holdings are from the S&P 500, ranked against 112 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

FDN 52.2

IFRA 73.7

0.4, the lowest in this set 99.6, the highest

A percentile among the 112 thematic ETFs with at least half their money in S&P 500 companies. Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Apr 13, 2018 to Oct 23, 2026 · 445 weekly returns

FDN IFRA

Return

Total return edge IFRA +131.1% +163.5%

Annualized edge IFRA +10.3% +12.0%

Price return edge FDN (slight) +131.1% +121.3%

Risk

Volatility edge IFRA 25.7% 21.6%

Max drawdown edge IFRA −53.4% −39.2%

Risk-adjusted

Sharpe edge IFRA 0.40 0.50

Sortino edge IFRA 0.59 0.72

Calmar edge IFRA 0.19 0.31

Reading

IFRA returned more: +163.5% to +131.1%. IFRA swung less: 21.6% to 25.7%. IFRA fell less at its worst: −39.2% to −53.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FDN vs IFRA: Holdings Overlap & Returns
Measure	FDN	IFRA	Edge	How it is measured
Return
Total return	+131.1%	+163.5%	IFRA	Price change plus distributions, reinvested.
Annualized	+10.3%	+12.0%	IFRA	Total return as a yearly rate.
Price return	+131.1%	+121.3%	FDN (slight)	Price change alone, distributions left out.
Risk
Volatility	25.7%	21.6%	IFRA	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	17.4%	15.1%	IFRA	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−53.4%	−39.2%	IFRA	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.40	0.50	IFRA	Return above Treasury bills per unit of volatility.
Sortino	0.59	0.72	IFRA	Return above Treasury bills per unit of downside deviation.
Calmar	0.19	0.31	IFRA	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 445 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, FDN and IFRA hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FDN IFRA

Only in one fund ↓

Only in FDN

Amazon.com, Inc. 10.23%

Meta Platforms, Inc. (Class A) 9.68%

Cisco Systems, Inc. 9.04%

Alphabet Inc. (Class A) 5.48%

Netflix, Inc. 5.28%

Salesforce, Inc. 4.53%

Arista Networks, Inc. 4.45%

Alphabet Inc. (Class C) 4.39%

Only in IFRA

UNION PACIFIC 4.24%

NEXTERA ENERGY 4.04%

CSX 3.81%

CATERPILLAR INC 3.59%

QUANTA SERVICES INC 3.39%

SOUTHERN 3.09%

NORFOLK SOUTHERN CORP 3.00%

UNITED RENTALS 2.84%

Check overlap with more funds →

Window by window

Window by window: FDN vs IFRA: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FDN	IFRA	FDN	IFRA
3 months	+5.5%	−3.4%	−0.6 pts vs IVV	not measured
6 months	+7.7%	−3.8%	−1.4 pts vs IVV	not measured
1 year	−1.1%	+9.4%	−14.8 pts vs IVV	not measured
3 years	+89.6%	+76.3%	−5.8 pts vs IVV	not measured
Since launchNot the same days: FDN Jun 2006 · IFRA Apr 2018	+1,282.2%	+167.2%	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, 82% of its weight in S&P 500 companies IFRA iShares U.S. Infrastructure ETF · Holds 164 stocks in infrastructure, 72% of its weight in S&P 500 companies

Issuer First Trust iShares

Theme Internet and e-commerce Infrastructure

In the S&P 500 81.9% 72.1%

Active share vs the S&P 500 85.5% 95.7%

In the Nasdaq-100 60.0% 11.2%

Holdings 41 164

Top ten, share of the fund 61.1% 33.4%

Expense ratio 0.49% 0.30%

Fee for the differing part 0.57% 0.31%

Total return, 1 year −1.1% +9.4%

vs its benchmark −14.8 pts vs IVV not measured

Below its high −6.3% −9.6%

Net assets, as of Oct 27, 2026 $5.1bn $4.0bn

As of Oct 28, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Client brief · page 1 of 2 Report BR-D0F9C90A4A

FDN and IFRA are built for the same job. How do they differ in cost, holdings and results?

Theme. FDN covers Internet and e-commerce and IFRA covers Infrastructure.
Concentration. The top ten holdings are 61.1% of FDN and 33.4% of IFRA, a gap of 27.7 points.
What each follows. FDN follows Internet and e-commerce and IFRA follows Infrastructure.

Data as of Oct 28, 2026.

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About each fund

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.

IFRA

By weight, 72% of IFRA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 33% of the fund across 164 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +9.4% with distributions reinvested. It sits 9.6% below its all-time high of Jun 25, 2026.

Questions people ask

Do FDN and IFRA 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.
Which is more different from the S&P 500, FDN or IFRA?: FDN has 82% of its weight in S&P 500 names and IFRA has 72%, so IFRA differs more from the index.
Which is cheaper, FDN or IFRA?: FDN charges 0.49% a year and IFRA charges 0.30%, so IFRA is cheaper. Fees come from each fund's prospectus.

Other comparisons

FDN vs IGF FDN vs PAVE FDN vs SMH FDN vs XT IFRA vs KWEB IFRA vs URA IFRA vs XME IFRA vs IDEF

Where to next

FDN on its own →IFRA on its own →FDN holdings →IFRA dividend history →IFRA holdings →Method →Standards and sources →

Sources and dates

FDN filings on SEC EDGAR ↗

FDN prospectus with the expense ratio (SEC) ↗

First Trust page for FDN ↗

IFRA filings on SEC EDGAR ↗

IFRA prospectus with the expense ratio (SEC) ↗

iShares page for IFRA ↗

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

How this is computed

It is a place in a set, not a rating or a recommendation.

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, FDN against IFRA, data as of Oct 28, 2026. https://etfiq.com/compare/themes/fdn-vs-ifra

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