Data as of .
FDN vs KWEB: which is really different?
FDN holds 82.4% of its weight in S&P 500 companies and KWEB 0.0%.
ETFIQ Off-Index Score: KWEB scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 371 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
What they hold in common
By the books each fund has filed, FDN and KWEB hold 0% of their money in the same securities at the same weight.
| Only in FDN | Only in KWEB |
|---|---|
| Meta Platforms, Inc. (Class A) 10.43% | TENCENT HOLDINGS LTD 10.25% |
| Amazon.com, Inc. 9.78% | ALIBABA GROUP HOLDING LTD 8.61% |
| Cisco Systems, Inc. 7.25% | PDD HOLDINGS INC 8.11% |
| Salesforce, Inc. 5.91% | MEITUAN-CLASS B 7.32% |
| Arista Networks, Inc. 5.18% | NETEASE INC 6.25% |
| Alphabet Inc. (Class A) 4.79% | LENOVO GROUP LTD 5.56% |
| Booking Holdings Inc. 4.51% | KE HOLDINGS INC-CL A 4.41% |
| Oracle Corporation 4.44% | JD.COM INC-CLASS A 3.94% |
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 10, 2026 and Sep 11, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FDN | KWEB | FDN | KWEB | FDN | KWEB | |
| 3 months | +9.3% | −7.1% | +6.0 pts | −10.4 pts | +10.1 pts | −6.3 pts |
| 6 months | +20.3% | −18.4% | +4.3 pts | −34.5 pts | −0.4 pts | −39.1 pts |
| 1 year | +1.9% | −36.0% | −15.6 pts | −53.5 pts | −21.0 pts | −59.0 pts |
| 3 years | +69.5% | −1.9% | −8.4 pts | −79.8 pts | −25.6 pts | −97.0 pts |
| Since launch | +1031.5% | +20.6% | +227.1 pts | −438.4 pts | −642.4 pts | −919.7 pts |
| FDN First Trust Dow Jones Internet Index Fund Holds 42 stocks in internet and e-commerce, 82% of its weight in S&P 500 companies | KWEB KraneShares CSI China Internet ETF Holds 45 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | KraneShares |
| Theme | Internet and e-commerce | Internet and e-commerce |
| In the S&P 500 | 82.4% | 0.0% |
| Active share vs the S&P 500 | 85.5% | 100.0% |
| In the Nasdaq-100 | 57.1% | 8.1% |
| Holdings | 42 | 45 |
| Top ten, share of the fund | 60.5% | 61.2% |
| Expense ratio | 0.49% | 0.69% |
| Fee for the differing part | 0.57% | 0.69% |
| Total return, 1 year | +1.9% | −36.0% |
| vs the S&P 500 | −15.6 pts | −53.5 pts |
| vs the Nasdaq-100 | −21.0 pts | −59.0 pts |
| Below its high | −2.1% | −71.5% |
FDN in plain words
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 60% of the fund across 42 positions, as published by its issuer for Sep 10, 2026. Over the year to Sep 11, 2026 the fund returned +1.9% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 15.6 pts.
KWEB in plain words
By weight, 0% of KWEB's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 61% of the fund across 45 positions, as published by its issuer for Sep 11, 2026. Over the year to Sep 11, 2026 the fund returned −36.0% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 53.5 pts. It sits 71.5% below its all-time high of Feb 17, 2021.
Questions people ask
- Which is more different from the S&P 500, FDN or KWEB?
- FDN has 82% of its weight in S&P 500 names and KWEB has 0%, so KWEB differs more from the index.
- Which is cheaper, FDN or KWEB?
- FDN charges 0.49% a year and KWEB charges 0.69%, 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 KWEB, data as of Sep 11, 2026. https://etfiq.com/compare/themes/fdn-vs-kweb Free to use with attribution; the underlying files are at Open data.