Data as of Nov 4, 2026.
FDN vs PNQI: Holdings Overlap & Returns
Over the year to Nov 4, 2026, FDN returned −1.6% to PNQI's −5.8%; 44% of their weight is in the same names.
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Net assets on Nov 3, 2026: $4.8bn for First Trust Dow Jones Internet Index Fund and $514m for Invesco NASDAQ Internet ETF.
83% of FDN's weight is in S&P 500 companies and 17% is outside the index. Holdings as of Nov 3, 2026.
76% of PNQI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.
Pair scorecard
FDN costs 0.11 points a year less; their one-year returns differ by 4.2 points; FDN is 9.3 times larger.
Points (pts) are percentage points.
| Measure | FDN | PNQI |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.6% | −5.8% |
| Drawdown | ||
| Below its all-time high | 9.5%, high on Oct 9, 2026 | 9.3%, high on Sep 19, 2025 |
| Against its benchmark | ||
| What it tracks | Internet and e-commerce | Internet and e-commerce |
| Against the S&P 500, 1 year | behind by 16.4 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 16.4 pts | |
| Cost and size | ||
| Expense ratio | 0.49% | 0.60% |
| Net assets, as of Nov 3, 2026 | $4.8bn | $514m |
| Holdings | ||
| Holdings in common | 44% | |
How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed
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 →
Risk and return
Jun 20, 2008 to Oct 30, 2026 · 958 weekly returnsFrom Jun 2008 to Oct 2026, FDN returned more: +1,024.8% to +920.2%. FDN swung slightly less: 24.4% to 25.5%. FDN fell slightly less at its worst: −53.4% to −58.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FDN | PNQI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,024.8% | +920.2% | FDN | Price change plus distributions, reinvested. |
| Annualized | +14.0% | +13.4% | FDN (slight) | Total return as a yearly rate. |
| Price return | +1,020.0% | +918.3% | FDN (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.4% | 25.5% | FDN (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.6% | 17.4% | FDN (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −53.4% | −58.8% | FDN (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.60 | 0.57 | FDN (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.88 | 0.83 | FDN (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.26 | 0.23 | FDN | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 958 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDN and PNQI hold 44% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.
half
44% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | FDN | PNQI | FDN | PNQI |
| 3 months | −5.1% | +1.8% | −5.0 pts vs IVV | not measured |
| 6 months | +2.2% | +5.4% | −2.8 pts vs IVV | not measured |
| 1 year | −1.6% | −5.8% | −16.4 pts vs IVV | not measured |
| 3 years | +71.5% | +62.5% | −11.9 pts vs IVV | not measured |
| Since launchNot the same days: FDN Jun 2006 · PNQI Jun 2008 | +1,234.4% | +957.1% | not measured | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
44% of the two portfolios are the same securities at the same weight.
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FDN
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 Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −1.6% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 16.4 pts. It sits 9.5% below its all-time high of Oct 9, 2026.
PNQI
By weight, 76% of PNQI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 79%. The top ten holdings are 61% of the fund across 79 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −5.8% with distributions reinvested. It sits 9.3% below its all-time high of Sep 19, 2025.
Questions people ask
- Do FDN and PNQI hold the same stocks?
- By their latest filings, 44% 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 PNQI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fdn-vs-pnqi
ETFIQ. (Nov 4, 2026). FDN against PNQI. Retrieved from https://etfiq.com/compare/themes/fdn-vs-pnqi
[FDN against PNQI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/themes/fdn-vs-pnqi)
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