Data as of .
FDN vs ISHP: which is really different?
FDN and ISHP hold 16% of their weight in the same names, and FDN returned more over the year.
ETFIQ Off-Index Score: ISHP scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
16% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FDN and ISHP hold 16% of their money in the same securities at the same weight.
| Holding | FDN | ISHP |
|---|---|---|
| Airbnb, Inc. (Class A) | 2.38% | 1.88% |
| Meta Platforms, Inc. (Class A) | 10.18% | 1.74% |
| Amazon.com, Inc. | 10.05% | 1.70% |
| DoorDash, Inc. (Class A) | 2.48% | 1.66% |
| Alphabet Inc. (Class A) | 5.86% | 1.61% |
| Carvana Co. (Class A) | 1.60% | 1.61% |
| Booking Holdings Inc. | 4.31% | 1.59% |
| PayPal Holdings, Inc. | 1.52% | 1.92% |
| eBay Inc. | 1.52% | 1.58% |
| Copart, Inc. | 0.84% | 1.71% |
| Reddit, Inc. (Class A) | 0.75% | 1.25% |
| US Dollar | 0.08% | 0.38% |
| Only in FDN | Only in ISHP |
|---|---|
| Cisco Systems, Inc. 8.71% | A.P. Moeller - Maersk A/S (Class B) 2.36% |
| Netflix, Inc. 5.94% | Allegro.eu SA 2.11% |
| Alphabet Inc. (Class C) 4.67% | LY Corp. 2.07% |
| Arista Networks, Inc. 4.65% | Cosco Shipping Holdings Company, Ltd. (Class H) 1.98% |
| Salesforce, Inc. 4.38% | Snap Inc. (Class A) 1.95% |
| Oracle Corporation 4.11% | NAVER Corporation 1.94% |
| Snowflake Inc. (Class A) 3.93% | Best Buy Co., Inc. 1.93% |
| Cloudflare, Inc. (Class A) 3.55% | Taiwan Mobile Co., Ltd. 1.92% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FDN | ISHP | FDN | ISHP | FDN | ISHP | |
| 3 months | +8.4% | +2.5% | +6.2 pts | +0.3 pts | +10.9 pts | +5.0 pts |
| 6 months | +21.2% | +4.2% | +3.2 pts | −13.8 pts | −3.0 pts | −20.1 pts |
| 1 year | +0.8% | −19.2% | −15.8 pts | −35.8 pts | −21.0 pts | −41.0 pts |
| 3 years | +74.0% | +35.3% | −4.4 pts | −43.1 pts | −24.1 pts | −62.8 pts |
| Since launch | +1028.4% | +91.9% | +224.9 pts | −226.2 pts | −661.8 pts | −465.2 pts |
| FDN First Trust Dow Jones Internet Index Fund Holds 42 stocks in internet and e-commerce, 83% of its weight in S&P 500 companies | ISHP First Trust S-Network E-Commerce ETF Holds 66 stocks in internet and e-commerce, 40% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | First Trust |
| Theme | Internet and e-commerce | Internet and e-commerce |
| In the S&P 500 | 82.8% | 39.9% |
| Active share vs the S&P 500 | 85.5% | 92.6% |
| In the Nasdaq-100 | 60.9% | 20.3% |
| Holdings | 42 | 66 |
| Top ten, share of the fund | 62.8% | 20.1% |
| Expense ratio | 0.49% | 0.60% |
| Fee for the differing part | 0.57% | 0.65% |
| Total return, 1 year | +0.8% | −19.2% |
| vs the S&P 500 | −15.8 pts | −35.8 pts |
| vs the Nasdaq-100 | −21.0 pts | −41.0 pts |
| Below its high | −2.4% | −19.2% |
| Net assets | $5.3bn | $5m |
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 63% of the fund across 42 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned +0.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 15.8 pts.
ISHP in plain words
By weight, 40% of ISHP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 20% of the fund across 66 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −19.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 35.8 pts. It sits 19.2% below its all-time high of Sep 18, 2025.
Questions people ask
- Do FDN and ISHP hold the same stocks?
- By their latest filings, 16% 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 ISHP?
- FDN has 83% of its weight in S&P 500 names and ISHP has 40%, so ISHP differs more from the index.
- Which is cheaper, FDN or ISHP?
- FDN charges 0.49% a year and ISHP charges 0.60%, so FDN is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FDN against ISHP, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fdn-vs-ishp Free to use with attribution; the underlying files are at Open data.