Data as of .
FDNI vs ONLN: which is really different?
FDNI and ONLN hold 10% of their weight in the same names, and ONLN 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
10% 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 ONLN hold 10% of their money in the same securities at the same weight.
| Holding | FDNI | ONLN |
|---|---|---|
| PDD Holdings Inc. (ADR) | 5.86% | 4.50% |
| Sea Limited (ADR) | 4.32% | 3.06% |
| Only in FDNI | Only in ONLN |
|---|---|
| Shopify Inc. (Class A) 10.35% | AMAZON.COM INC 24.79% |
| Alibaba Group Holding Limited 10.20% | ALIBABA GROUP HOLDING-SP ADR 8.72% |
| Tencent Holdings Limited 9.90% | EBAY INC 8.69% |
| Spotify Technology S.A. 5.52% | CARVANA CO 4.64% |
| NetEase, Inc. 4.62% | MERCADOLIBRE INC 3.90% |
| JD.com, Inc. (Class A) 4.56% | WILLIAMS-SONOMA INC 3.70% |
| Prosus N.V. 4.56% | WAYFAIR INC- CLASS A 3.49% |
| Meituan (Class B) 4.34% | COUPANG INC 3.43% |
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 | ONLN | FDNI | ONLN | FDNI | ONLN | |
| 3 months | −1.3% | +0.9% | −3.5 pts | −1.4 pts | +1.2 pts | +3.4 pts |
| 6 months | −3.6% | +8.7% | −21.7 pts | −9.3 pts | −27.9 pts | −15.5 pts |
| 1 year | −32.3% | −8.8% | −48.8 pts | −25.3 pts | −54.0 pts | −30.5 pts |
| 3 years | +24.5% | +78.7% | −53.9 pts | +0.3 pts | −73.6 pts | −19.4 pts |
| Since launch | +36.7% | +42.6% | −169.0 pts | −166.3 pts | −295.4 pts | −281.6 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 | ONLN ProShares Online Retail ETF Holds 21 stocks in internet and e-commerce, 42% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | First Trust | ProShares |
| Theme | Internet and e-commerce | Internet and e-commerce |
| In the S&P 500 | 0.0% | 41.8% |
| Active share vs the S&P 500 | 100.0% | 96.2% |
| In the Nasdaq-100 | 16.2% | 33.2% |
| Holdings | 49 | 21 |
| Top ten, share of the fund | 64.2% | 69.1% |
| Expense ratio | 0.65% | 0.58% |
| Fee for the differing part | 0.65% | 0.60% |
| Total return, 1 year | −32.3% | −8.8% |
| vs the S&P 500 | −48.8 pts | −25.3 pts |
| vs the Nasdaq-100 | −54.0 pts | −30.5 pts |
| Below its high | −52.7% | −38.9% |
| Net assets | $32m | $59m |
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.
ONLN in plain words
By weight, 42% of ONLN's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 69% of the fund across 21 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −8.8% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 25.3 pts. It sits 38.9% below its all-time high of Feb 12, 2021.
Questions people ask
- Do FDNI and ONLN hold the same stocks?
- By their latest filings, 10% 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 ONLN?
- FDNI has 0% of its weight in S&P 500 names and ONLN has 42%, so FDNI differs more from the index.
- Which is cheaper, FDNI or ONLN?
- FDNI charges 0.65% a year and ONLN charges 0.58%, so ONLN 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 ONLN, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fdni-vs-onln Free to use with attribution; the underlying files are at Open data.