Data as of Oct 28, 2026.
FDN vs XT: Holdings Overlap & Returns
Over the year to Oct 28, 2026, FDN returned −1.1% to XT's +22.1%; 9% 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 $4.1bn for iShares Future Exponential Technologies ETF.
82% of FDN's weight is in S&P 500 companies and 18% is outside the index. Holdings as of Oct 27, 2026.
66% of XT's weight is in S&P 500 companies and 35% is outside the index. Holdings as of Oct 27, 2026.
Pair scorecard
XT costs 0.03 points a year less; their one-year returns differ by 23.2 points; FDN is 1.2 times larger.
Points (pts) are percentage points.
| Measure | FDN | XT |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.1% | +22.1% |
| Drawdown | ||
| Below its all-time high | 6.3%, high on Oct 9, 2026 | |
| Against its benchmark | ||
| What it tracks | Internet and e-commerce | Broad innovation and megatrends |
| Against the S&P 500, 1 year | behind by 14.8 pts | |
| Its benchmark, total return, 1 year | +13.7% | +13.4% |
| Against its benchmark, 1 year | behind by 14.8 pts | ahead by 8.7 pts |
| Cost and size | ||
| Expense ratio | 0.49% | 0.46% |
| Net assets, as of Oct 27, 2026 | $5.1bn | $4.1bn |
| Holdings | ||
| Holdings in common | 9% | |
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
Apr 2, 2015 to Oct 23, 2026 · 603 weekly returnsEach against its own benchmark: FDN against IVV, Jun 30, 2006 to Oct 23, 2026; XT against ACWI, Apr 2, 2015 to Oct 23, 2026.
FDN returned more: +335.3% to +292.0%. XT swung less: 19.0% to 24.0%. XT fell less at its worst: −34.3% to −53.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FDN | XT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +335.3% | +292.0% | FDN | Price change plus distributions, reinvested. |
| Annualized | +13.5% | +12.5% | FDN (slight) | Total return as a yearly rate. |
| Price return | +335.3% | +225.6% | FDN | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 24.0% | 19.0% | XT | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 16.2% | 13.2% | XT | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −53.4% | −34.3% | XT | Deepest fall from a high to the low after it. |
| Upside capture | 138.3% | 123.1% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 113.1% | 108.7% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.15 | 1.11 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.71 | 0.89 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.56 | 0.60 | XT (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.83 | 0.87 | XT (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.121 | 0.103 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.25 | 0.36 | XT | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | IVV | ACWI | The ETF each fund is measured against. | |
| Alpha | +1.8% a year | +1.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.64 | 0.61 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −3.8% to +7.4% | −2.5% to +4.7% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.26 | 0.33 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 13.2% | 6.5% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 603 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FDN and XT hold 9% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
9% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | FDN | XT | FDN | XT |
| 3 months | +5.5% | +10.2% | −0.6 pts vs IVV | +5.8 pts vs ACWI |
| 6 months | +7.7% | +14.0% | −1.4 pts vs IVV | +6.6 pts vs ACWI |
| 1 year | −1.1% | +22.1% | −14.8 pts vs IVV | +8.7 pts vs ACWI |
| 3 years | +89.6% | +93.2% | −5.8 pts vs IVV | +4.3 pts vs ACWI |
| Since launchNot the same days: FDN Jun 2006 · XT Mar 2015 | +1,282.2% | +297.8% | not measured | +71.7 pts vs ACWI |
Side by side
As of Oct 28, 2026. Source: ETFIQ.
9% of the two portfolios are the same securities at the same weight.
FDN and XT are built for the same job. How do they differ in cost, holdings and results?
- Theme. FDN covers Internet and e-commerce and XT covers Broad innovation and megatrends.
- Concentration. The top ten holdings are 61.1% of FDN and 36.6% of XT, a gap of 24.5 points.
- What each follows. FDN follows Internet and e-commerce and XT follows Broad innovation and megatrends.
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.
XT
By weight, 66% of XT's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 69%. The top ten holdings are 37% of the fund across 197 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +22.1% with distributions reinvested against +13.4% for its benchmark, the MSCI All Country World Index, so a holder was ahead by 8.7 pts.
Questions people ask
- Do FDN and XT hold the same stocks?
- By their latest filings, 9% 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 XT, data as of Oct 28, 2026. https://etfiq.com/compare/themes/fdn-vs-xt
ETFIQ. (Oct 28, 2026). FDN against XT. Retrieved from https://etfiq.com/compare/themes/fdn-vs-xt
[FDN against XT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/themes/fdn-vs-xt)
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