Do FDNI and ISHP hold the same stocks?

By their latest filings, 24% 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, FDNI or ISHP?

FDNI has 0% of its weight in S&P 500 names and ISHP has 41%, so FDNI differs more from the index.

Which is cheaper, FDNI or ISHP?

FDNI charges 0.65% a year and ISHP charges 0.60%, so ISHP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FDNI vs ISHP: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FDNI returned −28.0% to ISHP's −6.8%; 24% of their weight is in the same names.

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Net assets on Nov 3, 2026: $29m for First Trust Dow Jones International Internet ETF and $5.3m for First Trust S-Network E-Commerce ETF.

FDNI on its own →ISHP on its own →

At a glance

0.0%

FDNI in the S&P 500

40.6%

ISHP in the S&P 500

−28.0%

FDNI total return, 1 year

−6.8%

ISHP total return, 1 year

FDNI · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of FDNI's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 3, 2026.

ISHP · 1 year to Nov 4, 2026 59% of its weight is outside the S&P 500

41% of ISHP's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

ISHP costs 0.05 points a year less; their one-year returns differ by 21.2 points; FDNI is 5.5 times larger.

Points (pts) are percentage points.

FDNI vs ISHP: Holdings Overlap & Returns
Measure	FDNI	ISHP
Return
Measure	FDNI	ISHP
Total return, 1 year	−28.0%	−6.8%
Drawdown
Measure	FDNI	ISHP
Below its all-time high	52.2%, high on Feb 16, 2021	13.7%, high on Sep 18, 2025
Against its benchmark
Measure	FDNI	ISHP
What it tracks	Internet and e-commerce	Internet and e-commerce
Its benchmark, total return, 1 year	+16.9%	+15.0%
Against its benchmark, 1 year	behind by 44.9 pts	behind by 21.8 pts
Cost and size
Measure	FDNI	ISHP
Expense ratio	0.65%	0.60%
Net assets, as of Nov 3, 2026	$29m	$5.3m
Holdings
Measure	FDNI	ISHP
Holdings in common	24%

Method

What they share

24%

By the books each fund has filed, FDNI and ISHP hold 24% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

24% in common

Positions both hold · largest shared weight first FDNI ISHP

Allegro.eu SA 1.73% 1.86%

Meituan (Class B) 4.52% 1.73%

PDD Holdings Inc. (ADR) 6.11% 1.66%

Prosus N.V. 4.48% 1.64%

Naspers Limited (Class N) 3.85% 1.63%

JD.com, Inc. (Class A) 4.77% 1.62%

Adyen NV 3.87% 1.55%

Alibaba Group Holding Limited 9.53% 1.54%

Baidu, Inc. (Class A) 2.37% 1.49%

NAVER Corporation 2.73% 1.49%

Kuaishou Technology 1.40% 1.56%

Shopify Inc. (Class A) 11.84% 1.40%

Only in one fund ↓

Only in FDNI

Tencent Holdings Limited 9.61%

Spotify Technology S.A. 6.67%

NetEase, Inc. 4.72%

Sea Limited (ADR) 3.34%

The Descartes Systems Group Inc. 1.04%

Wise Group Plc (Class A) 1.00%

Delivery Hero SE 0.99%

Wisetech Global Limited 0.97%

Only in ISHP

Fiserv, Inc. 2.06%

Global Payments Inc. 1.92%

United Parcel Service, Inc. (Class B) 1.88%

lululemon athletica inc. 1.87%

Autotrader Group Plc 1.84%

Carvana Co. (Class A) 1.83%

Copart, Inc. 1.83%

Walmart Inc. 1.83%

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Window by window

Window by window: FDNI vs ISHP: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FDNI	ISHP	FDNI	ISHP
3 months	−9.5%	+0.4%	−6.6 pts vs ACWX	+1.7 pts vs ACWI
6 months	−7.7%	+3.8%	−7.1 pts vs ACWX	+1.2 pts vs ACWI
1 year	−28.0%	−6.8%	−44.9 pts vs ACWX	−21.8 pts vs ACWI
3 years	+26.1%	+48.4%	−44.5 pts vs ACWX	−29.2 pts vs ACWI
Since launchNot the same days: FDNI Nov 2018 · ISHP Oct 2016	+38.1%	+105.0%	−65.1 pts vs ACWX	−122.5 pts vs ACWI

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Side by side

FDNI First Trust Dow Jones International Internet ETF · Holds 40 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies ISHP First Trust S-Network E-Commerce ETF · Holds 60 stocks in internet and e-commerce, 41% of its weight in S&P 500 companies

Issuer First Trust First Trust

Theme Internet and e-commerce Internet and e-commerce

In the S&P 500 0.0% 40.6%

Active share vs the S&P 500 100.0% 93.3%

In the Nasdaq-100 17.9% 19.0%

Holdings 40 60

Top ten, share of the fund 66.1% 18.9%

Expense ratio 0.65% 0.60%

Fee for the differing part 0.65% 0.64%

Total return, 1 year −28.0% −6.8%

vs its benchmark −44.9 pts vs ACWX −21.8 pts vs ACWI

Below its high −52.2% −13.7%

Net assets, as of Nov 3, 2026 $29m $5.3m

As of Nov 4, 2026. Source: ETFIQ.

24% of the two portfolios are the same securities at the same weight.

Alert

About each fund

FDNI

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 66% of the fund across 40 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −28.0% with distributions reinvested against +16.9% for its benchmark, the MSCI ACWI ex-USA Index, so a holder was behind by 44.9 pts. It sits 52.2% below its all-time high of Feb 16, 2021.

ISHP

By weight, 41% of ISHP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 19% of the fund across 60 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −6.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 21.8 pts. It sits 13.7% below its all-time high of Sep 18, 2025.

Questions people ask

Do FDNI and ISHP hold the same stocks?: By their latest filings, 24% 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, FDNI or ISHP?: FDNI has 0% of its weight in S&P 500 names and ISHP has 41%, so FDNI differs more from the index.
Which is cheaper, FDNI or ISHP?: FDNI charges 0.65% a year and ISHP charges 0.60%, so ISHP is cheaper. Fees come from each fund's prospectus.

Other comparisons

FDNI vs FMQQ FDNI vs INQQ FDNI vs OGIG FDNI vs IBUY ISHP vs KWEB ISHP vs FMQQ ISHP vs ONLN ISHP vs SOCL

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FDNI on its own →ISHP on its own →FDNI dividend history →FDNI holdings →ISHP dividend history →ISHP holdings →Method →Standards and sources →

Sources and dates

FDNI filings on SEC EDGAR ↗

FDNI prospectus with the expense ratio (SEC) ↗

First Trust page for FDNI ↗

ISHP filings on SEC EDGAR ↗

ISHP prospectus with the expense ratio (SEC) ↗

First Trust page for ISHP ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

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, FDNI against ISHP, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fdni-vs-ishp

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