Do FDNI and PNQI hold the same stocks?

By their latest filings, 11% 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 PNQI?

FDNI has 0% of its weight in S&P 500 names and PNQI has 76%, so FDNI differs more from the index.

Which is cheaper, FDNI or PNQI?

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

Data as of Nov 4, 2026.

Thematic ETFs

FDNI vs PNQI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FDNI returned −28.0% to PNQI's −5.8%; 11% 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 $514m for Invesco NASDAQ Internet ETF.

FDNI on its own →PNQI on its own →

At a glance

0.0%

FDNI in the S&P 500

75.9%

PNQI in the S&P 500

−28.0%

FDNI total return, 1 year

−5.8%

PNQI 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.

PNQI · 1 year to Nov 4, 2026 24% of its weight is outside the S&P 500

76% of PNQI's weight is in S&P 500 companies and 24% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

PNQI costs 0.05 points a year less; their one-year returns differ by 22.2 points; PNQI is 17.7 times larger.

Points (pts) are percentage points.

FDNI vs PNQI: Holdings Overlap & Returns
Measure	FDNI	PNQI
Return
Measure	FDNI	PNQI
Total return, 1 year	−28.0%	−5.8%
Drawdown
Measure	FDNI	PNQI
Below its all-time high	52.2%, high on Feb 16, 2021	9.3%, high on Sep 19, 2025
Against its benchmark
Measure	FDNI	PNQI
What it tracks	Internet and e-commerce	Internet and e-commerce
Its benchmark, total return, 1 year	+16.9%
Against its benchmark, 1 year	behind by 44.9 pts
Cost and size
Measure	FDNI	PNQI
Expense ratio	0.65%	0.60%
Net assets, as of Nov 3, 2026	$29m	$514m
Holdings
Measure	FDNI	PNQI
Holdings in common	11%

Method

What they share

11%

By the books each fund has filed, FDNI and PNQI hold 11% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

11% in common

Positions both hold · largest shared weight first FDNI PNQI

Shopify Inc. (Class A) 11.84% 4.08%

Spotify Technology S.A. 6.67% 3.39%

Alibaba Group Holding Limited 9.53% 1.43%

Sea Limited (ADR) 3.34% 0.92%

JD.com, Inc. (Class A) 4.77% 0.35%

NetEase, Inc. 4.72% 0.25%

Baidu, Inc. (Class A) 2.37% 0.20%

Vipshop Holdings Limited (ADR) 0.39% 0.15%

Only in one fund ↓

Only in FDNI

Tencent Holdings Limited 9.61%

PDD Holdings Inc. (ADR) 6.11%

Meituan (Class B) 4.52%

Prosus N.V. 4.48%

Adyen NV 3.87%

Naspers Limited (Class N) 3.85%

NAVER Corporation 2.73%

Allegro.eu SA 1.73%

Only in PNQI

Meta Platforms Inc 9.17%

Apple Inc 8.85%

Microsoft Corp 8.68%

Amazon.com Inc 8.15%

Alphabet Inc 7.01%

Walt Disney Co 4.49%

Uber Technologies Inc 3.72%

Salesforce Inc 3.64%

Check overlap with more funds →

Window by window

Window by window: FDNI vs PNQI: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	FDNI	PNQI	FDNI	PNQI
3 months	−9.5%	+1.8%	−6.6 pts vs ACWX	not measured
6 months	−7.7%	+5.4%	−7.1 pts vs ACWX	not measured
1 year	−28.0%	−5.8%	−44.9 pts vs ACWX	not measured
3 years	+26.1%	+62.5%	−44.5 pts vs ACWX	not measured
Since launchNot the same days: FDNI Nov 2018 · PNQI Jun 2008	+38.1%	+957.1%	−65.1 pts vs ACWX	not measured

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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 PNQI Invesco NASDAQ Internet ETF · Holds 79 stocks in internet and e-commerce, 76% of its weight in S&P 500 companies

Issuer First Trust Invesco

Theme Internet and e-commerce Internet and e-commerce

In the S&P 500 0.0% 75.9%

Active share vs the S&P 500 100.0% 78.9%

In the Nasdaq-100 17.9% 65.4%

Holdings 40 79

Top ten, share of the fund 66.1% 61.2%

Expense ratio 0.65% 0.60%

Fee for the differing part 0.65% 0.76%

Total return, 1 year −28.0% −5.8%

vs its benchmark −44.9 pts vs ACWX not measured

Below its high −52.2% −9.3%

Net assets, as of Nov 3, 2026 $29m $514m

As of Nov 4, 2026. Source: ETFIQ.

11% 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.

PNQI

By weight, 76% of PNQI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 79%. The top ten holdings are 61% of the fund across 79 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −5.8% with distributions reinvested. It sits 9.3% below its all-time high of Sep 19, 2025.

Questions people ask

Do FDNI and PNQI hold the same stocks?: By their latest filings, 11% 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 PNQI?: FDNI has 0% of its weight in S&P 500 names and PNQI has 76%, so FDNI differs more from the index.
Which is cheaper, FDNI or PNQI?: FDNI charges 0.65% a year and PNQI charges 0.60%, so PNQI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FDNI vs EMQQ FDNI vs ARKW FDNI vs ONLN FDNI vs KWEB PNQI vs FMQQ PNQI vs INQQ PNQI vs SOCL PNQI vs IBUY

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FDNI on its own →PNQI on its own →FDNI dividend history →FDNI holdings →PNQI dividend history →PNQI 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 ↗

PNQI filings on SEC EDGAR ↗

PNQI prospectus with the expense ratio (SEC) ↗

Invesco page for PNQI ↗

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.

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

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