Data as of .
FDNI vs FMQQ: which is really different?
FDNI and FMQQ hold 11% of their weight in the same names, and FMQQ returned more over the year.
ETFIQ Off-Index Score: FDNI 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
11% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FDNI and FMQQ hold 11% of their money in the same securities at the same weight.
| Holding | FDNI | FMQQ |
|---|---|---|
| NAVER Corporation | 3.02% | 3.54% |
| Allegro.eu SA | 1.50% | 2.71% |
| Delivery Hero SE | 0.97% | 1.50% |
| Kakao Corp. | 0.76% | 1.36% |
| Only in FDNI | Only in FMQQ |
|---|---|
| Shopify Inc. (Class A) 10.35% | BAJAJ FINANCE LIMITED 8.21% |
| Alibaba Group Holding Limited 10.20% | MercadoLibre, Inc. 8.13% |
| Tencent Holdings Limited 9.90% | RELIANCE INDUSTRIES LIMITED 7.90% |
| PDD Holdings Inc. (ADR) 5.86% | Eternal Ltd 7.83% |
| Spotify Technology S.A. 5.52% | Nu Holdings Ltd. 7.49% |
| NetEase, Inc. 4.62% | SEA LIMITED 6.47% |
| JD.com, Inc. (Class A) 4.56% | Joint Stock Company Kaspi.kz 6.43% |
| Prosus N.V. 4.56% | GRAB HOLDINGS LIMITED 3.96% |
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 May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FDNI | FMQQ | FDNI | FMQQ | FDNI | FMQQ | |
| 3 months | −1.3% | +5.7% | −3.5 pts | +3.4 pts | +1.2 pts | +8.2 pts |
| 6 months | −3.6% | +11.2% | −21.7 pts | −6.8 pts | −27.9 pts | −13.0 pts |
| 1 year | −32.3% | −21.2% | −48.8 pts | −37.8 pts | −54.0 pts | −43.0 pts |
| 3 years | +24.5% | +16.0% | −53.9 pts | −62.4 pts | −73.6 pts | −82.2 pts |
| Since launch | +36.7% | −50.2% | −169.0 pts | −138.0 pts | −295.4 pts | −156.5 pts |
| FDNI First Trust Dow Jones International Internet ETF Holds 49 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies | FMQQ FMQQ The Next Frontier Internet ETF Holds 38 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | EMQQ Global |
| Theme | Internet and e-commerce | Internet and e-commerce |
| In the S&P 500 | 0.0% | 0.0% |
| Active share vs the S&P 500 | 100.0% | 100.0% |
| In the Nasdaq-100 | 16.2% | 8.1% |
| Holdings | 49 | 38 |
| Top ten, share of the fund | 64.2% | 63.7% |
| Expense ratio | 0.65% | 0.86% |
| Fee for the differing part | 0.65% | 0.86% |
| Total return, 1 year | −32.3% | −21.2% |
| vs the S&P 500 | −48.8 pts | −37.8 pts |
| vs the Nasdaq-100 | −54.0 pts | −43.0 pts |
| Below its high | −52.7% | −51.8% |
| Net assets | $32m | $20m |
FDNI in plain words
By weight, 0% of FDNI'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 64% of the fund across 49 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −32.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 48.8 pts. It sits 52.7% below its all-time high of Feb 16, 2021.
FMQQ in plain words
By weight, 0% of FMQQ'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 64% of the fund across 38 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned −21.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 37.8 pts. It sits 51.8% below its all-time high of Oct 19, 2021.
Questions people ask
- Do FDNI and FMQQ hold the same stocks?
- By their latest filings, 11% 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, FDNI or FMQQ?
- FDNI has 0% of its weight in S&P 500 names and FMQQ has 0%, so FDNI differs more from the index.
- Which is cheaper, FDNI or FMQQ?
- FDNI charges 0.65% a year and FMQQ charges 0.86%, so FDNI 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, FDNI against FMQQ, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fdni-vs-fmqq Free to use with attribution; the underlying files are at Open data.