Data as of .
FDNI vs ISHP: which is really different?
FDNI and ISHP hold 25% of their weight in the same names, and ISHP 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
25% 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 ISHP hold 25% of their money in the same securities at the same weight.
| Holding | FDNI | ISHP |
|---|---|---|
| NAVER Corporation | 3.02% | 1.94% |
| Adyen NV | 4.12% | 1.76% |
| Shopify Inc. (Class A) | 10.35% | 1.73% |
| Meituan (Class B) | 4.34% | 1.54% |
| PDD Holdings Inc. (ADR) | 5.86% | 1.52% |
| Prosus N.V. | 4.56% | 1.51% |
| Allegro.eu SA | 1.50% | 2.11% |
| Naspers Limited (Class N) | 3.89% | 1.38% |
| Kuaishou Technology | 1.52% | 1.21% |
| Rakuten Group, Inc. | 0.90% | 1.51% |
| Scout24 SE | 0.84% | 1.69% |
| CAR Group Limited | 0.82% | 1.51% |
| Only in FDNI | Only in ISHP |
|---|---|
| Alibaba Group Holding Limited 10.20% | A.P. Moeller - Maersk A/S (Class B) 2.36% |
| Tencent Holdings Limited 9.90% | Cosco Shipping Holdings Company, Ltd. (Class H) 1.98% |
| Spotify Technology S.A. 5.52% | Snap Inc. (Class A) 1.95% |
| NetEase, Inc. 4.62% | Best Buy Co., Inc. 1.93% |
| JD.com, Inc. (Class A) 4.56% | PayPal Holdings, Inc. 1.92% |
| Sea Limited (ADR) 4.32% | Taiwan Mobile Co., Ltd. 1.92% |
| Baidu, Inc. (Class A) 2.69% | Global Payments Inc. 1.90% |
| IREN Ltd. 1.78% | Airbnb, Inc. (Class A) 1.88% |
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 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| FDNI | ISHP | FDNI | ISHP | FDNI | ISHP | |
| 3 months | −1.3% | +2.5% | −3.5 pts | +0.3 pts | +1.2 pts | +5.0 pts |
| 6 months | −3.6% | +4.2% | −21.7 pts | −13.8 pts | −27.9 pts | −20.1 pts |
| 1 year | −32.3% | −19.2% | −48.8 pts | −35.8 pts | −54.0 pts | −41.0 pts |
| 3 years | +24.5% | +35.3% | −53.9 pts | −43.1 pts | −73.6 pts | −62.8 pts |
| Since launch | +36.7% | +91.9% | −169.0 pts | −226.2 pts | −295.4 pts | −465.2 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 | ISHP First Trust S-Network E-Commerce ETF Holds 66 stocks in internet and e-commerce, 40% 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% | 39.9% |
| Active share vs the S&P 500 | 100.0% | 92.6% |
| In the Nasdaq-100 | 16.2% | 20.3% |
| Holdings | 49 | 66 |
| Top ten, share of the fund | 64.2% | 20.1% |
| Expense ratio | 0.65% | 0.60% |
| Fee for the differing part | 0.65% | 0.65% |
| Total return, 1 year | −32.3% | −19.2% |
| vs the S&P 500 | −48.8 pts | −35.8 pts |
| vs the Nasdaq-100 | −54.0 pts | −41.0 pts |
| Below its high | −52.7% | −19.2% |
| Net assets | $32m | $5m |
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.
ISHP in plain words
By weight, 40% 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 20% of the fund across 66 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −19.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 35.8 pts. It sits 19.2% below its all-time high of Sep 18, 2025.
Questions people ask
- Do FDNI and ISHP hold the same stocks?
- By their latest filings, 25% of their books are the same securities at the same weight, which is a meaningful overlap. 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 40%, 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
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 ISHP, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fdni-vs-ishp Free to use with attribution; the underlying files are at Open data.