Data as of Oct 28, 2026.
FDN vs IGV: Holdings Overlap & Returns
Over the year to Oct 28, 2026, FDN returned −1.1% to IGV's −4.1%; 17% 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 $14.4bn for iShares Expanded Tech-Software Sector ETF.
82% of FDN's weight is in S&P 500 companies and 18% is outside the index. Holdings as of Oct 27, 2026.
80% of IGV's weight is in S&P 500 companies and 20% is outside the index. Holdings as of Oct 27, 2026.
Pair scorecard
IGV costs 0.11 points a year less; their one-year returns differ by 3.0 points; IGV is 2.8 times larger.
Points (pts) are percentage points.
| Measure | FDN | IGV |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.1% | −4.1% |
| Drawdown | ||
| Below its all-time high | 6.3%, high on Oct 9, 2026 | |
| Against its benchmark | ||
| What it tracks | Internet and e-commerce | Cloud and software |
| 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 | ||
| Expense ratio | 0.49% | 0.38% |
| Net assets, as of Oct 27, 2026 | $5.1bn | $14.4bn |
| Holdings | ||
| Holdings in common | 17% | |
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
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
Jun 30, 2006 to Oct 23, 2026 · 1,060 weekly returnsIGV returned more: +1,411.8% to +1,228.8%. IGV swung slightly less: 23.5% to 24.1%. IGV fell less at its worst: −47.9% to −59.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDN | IGV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,228.8% | +1,411.8% | IGV | Price change plus distributions, reinvested. |
| Annualized | +13.5% | +14.3% | IGV (slight) | Total return as a yearly rate. |
| Price return | +1,223.1% | +1,366.7% | IGV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.1% | 23.5% | IGV (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.4% | 15.9% | IGV (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −59.4% | −47.9% | IGV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.58 | 0.61 | IGV (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.85 | 0.91 | IGV (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.23 | 0.30 | IGV | Annualized return divided by the max drawdown. |
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 IGV hold 17% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
17% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | FDN | IGV | FDN | IGV |
| 3 months | +5.5% | +21.2% | −0.6 pts vs IVV | not measured |
| 6 months | +7.7% | +32.5% | −1.4 pts vs IVV | not measured |
| 1 year | −1.1% | −4.1% | −14.8 pts vs IVV | not measured |
| 3 years | +89.6% | +70.0% | −5.8 pts vs IVV | not measured |
| Since launchNot the same days: FDN Jun 2006 · IGV Jul 2001 | +1,282.2% | +1,015.0% | not measured | not measured |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
17% of the two portfolios are the same securities at the same weight.
FDN and IGV are built for the same job. How do they differ in cost, holdings and results?
- Theme. FDN covers Internet and e-commerce and IGV covers Cloud and software.
- What each follows. FDN follows Internet and e-commerce and IGV follows Cloud and software.
- Holdings in common. 17% 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.
IGV
By weight, 80% of IGV's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 61% of the fund across 108 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.1% with distributions reinvested.
Questions people ask
- Do FDN and IGV hold the same stocks?
- By their latest filings, 17% 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
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.
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ETFIQ, FDN against IGV, data as of Oct 28, 2026. https://etfiq.com/compare/themes/fdn-vs-igv
ETFIQ. (Oct 28, 2026). FDN against IGV. Retrieved from https://etfiq.com/compare/themes/fdn-vs-igv
[FDN against IGV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/fdn-vs-igv)
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