Do FDN and ITA 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 ITA?

FDN has 82% of its weight in S&P 500 names and ITA has 81%, so ITA differs more from the index.

Which is cheaper, FDN or ITA?

FDN charges 0.49% a year and ITA charges 0.37%, so ITA is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

FDN vs ITA: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, FDN returned −1.1% to ITA's −4.3%; 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 $12.0bn for iShares U.S. Aerospace & Defense ETF.

FDN on its own →ITA on its own →

At a glance

81.9%

FDN in the S&P 500

80.8%

ITA in the S&P 500

−1.1%

FDN total return, 1 year

−4.3%

ITA 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.

ITA · 1 year to Oct 28, 2026 19% of its weight is outside the S&P 500

81% of ITA's weight is in S&P 500 companies and 19% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

ITA costs 0.12 points a year less; their one-year returns differ by 3.2 points; ITA is 2.4 times larger.

Points (pts) are percentage points.

FDN vs ITA: Holdings Overlap & Returns
Measure	FDN	ITA
Return
Measure	FDN	ITA
Total return, 1 year	−1.1%	−4.3%
Drawdown
Measure	FDN	ITA
Below its all-time high	6.3%, high on Oct 9, 2026	17.9%, high on Aug 14, 2026
Against its benchmark
Measure	FDN	ITA
What it tracks	Internet and e-commerce	Defense
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	ITA
Expense ratio	0.49%	0.37%
Net assets, as of Oct 27, 2026	$5.1bn	$12.0bn
Holdings
Measure	FDN	ITA
Holdings in common	0%

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

IQ Themes Score52.2FDN87.1ITA

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

ITA 87.1

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

Jun 30, 2006 to Oct 23, 2026 · 1,060 weekly returns

FDN ITA

Return

Total return edge FDN +1,228.8% +963.5%

Annualized edge FDN (slight) +13.5% +12.3%

Price return edge FDN +1,223.1% +757.5%

Risk

Volatility edge ITA (slight) 24.1% 23.3%

Max drawdown edge Tie −59.4% −58.8%

Risk-adjusted

Sharpe edge FDN (slight) 0.58 0.54

Sortino edge FDN (slight) 0.85 0.78

Calmar edge FDN (slight) 0.23 0.21

Reading

FDN returned more: +1,228.8% to +963.5%. ITA swung slightly less: 23.3% to 24.1%. FDN and ITA fell about the same at their worst: −59.4% and −58.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FDN vs ITA: Holdings Overlap & Returns
Measure	FDN	ITA	Edge	How it is measured
Return
Total return	+1,228.8%	+963.5%	FDN	Price change plus distributions, reinvested.
Annualized	+13.5%	+12.3%	FDN (slight)	Total return as a yearly rate.
Price return	+1,223.1%	+757.5%	FDN	Price change alone, distributions left out.
Risk
Volatility	24.1%	23.3%	ITA (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	16.4%	16.3%	Tie	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−59.4%	−58.8%	Tie	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.58	0.54	FDN (slight)	Return above Treasury bills per unit of volatility.
Sortino	0.85	0.78	FDN (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.23	0.21	FDN (slight)	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 ITA 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 ITA

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 ITA

GE AEROSPACE 20.09%

RTX 17.06%

BOEING 6.81%

LOCKHEED MARTIN 5.66%

NORTHROP GRUMMAN CORP 5.09%

GENERAL DYNAMICS CORP 4.79%

TRANSDIGM GROUP 4.78%

HONEYWELL AEROSPACE INC 4.16%

Check overlap with more funds →

Window by window

Window by window: FDN vs ITA: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FDN	ITA	FDN	ITA
3 months	+5.5%	−12.0%	−0.6 pts vs IVV	not measured
6 months	+7.7%	−2.4%	−1.4 pts vs IVV	not measured
1 year	−1.1%	−4.3%	−14.8 pts vs IVV	not measured
3 years	+89.6%	+97.8%	−5.8 pts vs IVV	not measured
Since launchNot the same days: FDN Jun 2006 · ITA May 2006	+1,282.2%	+892.2%	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 ITA iShares U.S. Aerospace & Defense ETF · Holds 51 stocks in defense, 81% of its weight in S&P 500 companies

Issuer First Trust iShares

Theme Internet and e-commerce Defense

In the S&P 500 81.9% 80.8%

Active share vs the S&P 500 85.5% 97.7%

In the Nasdaq-100 60.0% 2.7%

Holdings 41 51

Top ten, share of the fund 61.1% 76.1%

Expense ratio 0.49% 0.37%

Fee for the differing part 0.57% 0.38%

Total return, 1 year −1.1% −4.3%

vs its benchmark −14.8 pts vs IVV not measured

Below its high −6.3% −17.9%

Net assets, as of Oct 27, 2026 $5.1bn $12.0bn

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-67037C71EF

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

Theme. FDN covers Internet and e-commerce and ITA covers Defense.
Concentration. The top ten holdings are 61.1% of FDN and 76.1% of ITA, a gap of 15.0 points.
What each follows. FDN follows Internet and e-commerce and ITA follows Defense.

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.

ITA

By weight, 81% of ITA'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 76% of the fund across 51 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −4.3% with distributions reinvested. It sits 17.9% below its all-time high of Aug 14, 2026.

Questions people ask

Do FDN and ITA 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 ITA?: FDN has 82% of its weight in S&P 500 names and ITA has 81%, so ITA differs more from the index.
Which is cheaper, FDN or ITA?: FDN charges 0.49% a year and ITA charges 0.37%, so ITA is cheaper. Fees come from each fund's prospectus.

Other comparisons

FDN vs PPA FDN vs SHLD FDN vs XAR FDN vs IDEF ITA vs KWEB ITA vs BOTZ ITA vs NLR ITA vs ARKG

Where to next

FDN on its own →ITA on its own →FDN holdings →ITA dividend history →ITA 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 ↗

ITA filings on SEC EDGAR ↗

ITA prospectus with the expense ratio (SEC) ↗

iShares page for ITA ↗

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 ITA, data as of Oct 28, 2026. https://etfiq.com/compare/themes/fdn-vs-ita

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