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FDN vs IGF: which is really different?

FDN and IGF hold 0% of their weight in the same names, and FDN returned +6.0% over the year. First Trust Dow Jones Internet Index Fund and iShares Global Infrastructure ETF.

IGF costs 0.12 points a year less; their one-year returns differ by 0.7 points; IGF is 1.9 times larger.

FDNIGF
Expense ratio0.49%0.37%
Net assets, as of Oct 8, 2026$5.4bn$10.3bn
Total return, 1 year+6.0%+5.3%
What it tracksInternet and e-commerceInfrastructure
Holdings in common0%
S&P 500, total return, 1 year+17.3%
Against the S&P 500, 1 yearbehind by 11.3 ptsbehind by 11.9 pts
Top ten holdings, share of the fund62%
Below its all-time high8.3%, high on Feb 27, 2026

Holdings in common uses holdings dated Oct 8, 2026.

82.6%
FDN in the S&P 500
31.9%
IGF in the S&P 500
+6.0%
FDN total return, 1 year
+5.3%
IGF total return, 1 year
FDN · 1 year to Oct 9, 202617% of its weight is outside the S&P 500
17% of its weight is outside the S&P 50083% of FDN's weight is in S&P 500 companies and 17% is outside the index. Holdings as of Oct 8, 2026.83%17%of its weight in S&P 500 companiesoutsideactive share 86% · top ten 63% of the fund · 41 holdings as published by its issuer for Oct 8, 2026 · Nasdaq-100: 61% in17% of its weight is outside the S&P 50083% of FDN's weight is in S&P 500 companies and 17% is outside the index. Holdings as of Oct 8, 2026.83%17%in the S&P 50017% of its weight outside the S&P 500active share 86% · Nasdaq-100: 61% in

83% of FDN's weight is in S&P 500 companies and 17% is outside the index. Holdings as of Oct 8, 2026.

IGF · 1 year to Oct 9, 202668% of its weight is outside the S&P 500
68% of its weight is outside the S&P 50032% of IGF's weight is in S&P 500 companies and 68% is outside the index. Holdings as of Oct 8, 2026.32%68%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 98% · top ten 38% of the fund · 78 holdings as published by its issuer for Oct 8, 2026 · Nasdaq-100: 7% in68% of its weight is outside the S&P 50032% of IGF's weight is in S&P 500 companies and 68% is outside the index. Holdings as of Oct 8, 2026.32%68%inoutside the S&P 500active share 98% · Nasdaq-100: 7% in

32% of IGF's weight is in S&P 500 companies and 68% is outside the index. Holdings as of Oct 8, 2026.

ETFIQ Off-Index Score · IGF scores higherHow much of it is not the index it is sold as an alternative to?
0.1, the lowest in this set92.3, the highest

A percentile among the 391 thematic ETFs with a holdings filing. All thematic ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, FDN and IGF hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026.

half

0% in common

Positions both hold, largest shared weight first
Holding FDN IGF
Only in FDN
Meta Platforms, Inc. (Class A) 10.77%
Amazon.com, Inc. 9.83%
Cisco Systems, Inc. 8.93%
Netflix, Inc. 5.79%
Alphabet Inc. (Class A) 5.70%
Arista Networks, Inc. 4.81%
Alphabet Inc. (Class C) 4.57%
Salesforce, Inc. 4.10%
Only in IGF
TRANSURBAN GROUP STAPLED UNITS 4.83%
AENA SME SA 4.73%
NEXTERA ENERGY 4.70%
IBERDROLA 4.14%
GRUPO AEROPORTUARIO DEL PACIFICO A 3.63%
ENBRIDGE 3.60%
AUCKLAND INTERNATIONAL AIRPORT 3.55%
WILLIAMS 3.08%

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

Performance, window by window

Total returnvs the S&P 500vs the Nasdaq-100
WindowFDNIGFFDNIGFFDNIGF
3 months+9.1%−6.2%+5.7 pts−9.6 pts+5.4 pts−9.9 pts
6 months+24.0%−7.3%+8.9 pts−22.4 pts+0.8 pts−30.5 pts
1 year+6.0%+5.3%−11.3 pts−11.9 pts−17.6 pts−18.2 pts
3 years+84.9%+62.1%−0.9 pts−23.6 pts−22.4 pts−45.1 pts
Since launch
FDN Jun 2006 · IGF Dec 2007
+1,374.7%+129.4%+568.3 pts−508.6 pts−827.8 pts−1,460.7 pts

Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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
IGF
iShares Global Infrastructure ETF · Holds 78 stocks in infrastructure, 32% of its weight in S&P 500 companies
Issuer First Trust iShares
Theme Internet and e-commerce Infrastructure
In the S&P 500 82.6% 31.9%
Active share vs the S&P 500 85.5% 98.3%
In the Nasdaq-100 60.9% 7.2%
Holdings 41 78
Top ten, share of the fund 62.5% 38.0%
Expense ratio 0.49% 0.37%
Fee for the differing part 0.57% 0.38%
Total return, 1 year +6.0% +5.3%
vs the S&P 500 −11.3 pts −11.9 pts
vs the Nasdaq-100 −17.6 pts −18.2 pts
Below its high 0.0% −8.3%
Net assets, as of Oct 8, 2026 $5.4bn $10.3bn

As of Oct 9, 2026. Source: ETFIQ.

FDN in plain words

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 Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +6.0% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 11.3 pts.

IGF in plain words

By weight, 32% of IGF'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 38% of the fund across 78 positions, as published by its issuer for Oct 8, 2026. Over the year to Oct 9, 2026 the fund returned +5.3% with distributions reinvested against +17.3% for the S&P 500, so a holder was behind by 11.9 pts. It sits 8.3% below its all-time high of Feb 27, 2026.

Questions people ask

Do FDN and IGF hold the same stocks?
By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FDN or IGF?
FDN has 83% of its weight in S&P 500 names and IGF has 32%, so IGF differs more from the index.
Which is cheaper, FDN or IGF?
FDN charges 0.49% a year and IGF charges 0.37%, so IGF is cheaper. Fees come from each fund's prospectus.
Other comparisons
FDN vs IFRAFDN vs PAVEFDN vs IBBFDN vs PPAIGF vs KWEBIGF vs URAIGF vs XARIGF vs SHLD
FDN on its own →IGF on its own →How every figure is computed →Standards and sources →
Where these figures came from
FDN filings on SEC EDGAR ↗FDN prospectus with the expense ratio (SEC) ↗First Trust page for FDN ↗IGF filings on SEC EDGAR ↗iShares page for IGF ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

It is a position in a set, not a rating, and neither end of it is a recommendation.

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this page

ETFIQ, FDN against IGF, data as of Oct 9, 2026. https://etfiq.com/compare/themes/fdn-vs-igf

Open data

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