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FDNI vs OGIG

First Trust Dow Jones International Internet ETF

FDNIDNasdaq

ALPS O'Shares Global Internet Giants ETF

OGIGBNYSE Arca

Overlap

7.3%by weight

Expense ratio

OGIG −0.17pt a year

FDNI0.65%OGIG0.48%

Avg volume · 30D

FDNI 2.5×the volume

FDNI21.2KOGIG8.39K

5Y return · a year

OGIG +6.1pt

FDNI−9.7%OGIG−3.6%

FDNI vs OGIG Performance

Oct 29, 2021 – Oct 30, 2026

−39.8%FDNI−16.8%OGIG

Oct 29, 2021 to Oct 30, 2026. FDNI −39.8%. OGIG −16.8%. Use the arrow keys to read each point.−60%−50%−30%0%Oct 2021Apr 2024Oct 2026
Expense ratio
FDNI 0.65%
OGIG 0.48%, better
Fund size
FDNI $29M
OGIG $95M
1Y total return
FDNI −32.8%
OGIG −18.9%, better
Yield (12M)
FDNI 1.51%
OGIG No data
Holdings
FDNI 43
OGIG 51
Avg volume (30D)
FDNI 21.2K sh, better
OGIG 8.39K sh
NAV per share
FDNI $25.07
OGIG $46.83
52W range

ETF.net Grade

FDNI: Cost 34, Risk 25, Mission not scored, Tradability 58, Holdings 38, Durability 64. OGIG: Cost 91, Risk 40, Mission not scored, Tradability 60, Holdings 65, Durability 59.
Pillar letters and Scores for FDNI, OGIG, with each pillar’s weight
PillarFDNIOGIG
Cost30% weightD34A91Higher
Mission25% weightNot scoredNot scored
Risk15% weightD25C40Higher
Tradability15% weightB58B60Higher
Holdings10% weightD38B65Higher
Durability5% weightB64HigherB59

Rank among E-Commerce funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FDNI and OGIG are both graded against the same 9 E-Commerce funds, so their Grades compare head to head.

E-Commerce⁠

Category · 9 funds
See all 9 ›

OGIG ranks 1st and FDNI 7th of 9 funds in the E-Commerce Category.

  1. Rank 1BOGIGALPS O'Shares Global Internet Giants ETFScore 69
  2. Rank 2BEBIZGlobal X E-commerce ETFScore 60
  3. Rank 6CISHPFirst Trust S-Network E-Commerce ETFScore 53
  4. Rank 7DFDNIFirst Trust Dow Jones International Internet ETFScore 39
  5. Rank 8DEMQQEMQQ The Emerging Markets Internet ETFScore 33

Our read on each fund

ETF.net Research

FDNIDFirst Trust Dow Jones International Internet ETF

OGIGBALPS O'Shares Global Internet Giants ETF

In short

FDNI Most internet ETFs are a wager on Silicon Valley. FDNI flips the map, tracking an index of roughly 40 internet companies based outside the United States. Same theme, different continent.

OGIG Most e-commerce ETFs stop at the US border. OGIG casts a global net over internet and online-commerce giants, screens them for growth and quality, and does it for less than the typical fund in its niche.

Stated mandate

FDNI The fund seeks to track the investment results of the Dow Jones International Internet Index before fees and expenses.

OGIG OGIG is a rules-based ETF providing exposure to large global companies whose revenue is primarily derived from internet technology and e-commerce, with an emphasis on above-average growth.

Why people hold it

  • FDNI One stated job: track the Dow Jones International Internet Index. A plain index fund inside a standard 1940 Act ETF wrapper, no leverage or derivatives layer.
  • Its peer shelf (IBUY, ONLN, EBIZ) mostly shops the U.S. internet. FDNI is built from non-U.S. names, a genuinely different basket for the same theme.
  • At 0.65%, the fee sits right at the median for its peer group. No surcharge for the international mandate.
  • Running since 2018, so it has a real multi-year record in the wild rather than a launch-week backtest.
  • OGIG Cheap for the theme: a 0.48% expense ratio against a category median of 0.65%, undercutting rivals like IBUY, ISHP and ONLN.
  • Genuinely global mandate: the O'Shares Global Internet Giants Index reaches for internet and e-commerce revenue wherever it is earned, not just US names.alpsfunds.com
  • Rules-based rather than buy-everything-online: the index leans on growth and quality screens, so the basket skews toward large companies with above-average growth.
  • On the whole package (cost, structure, portfolio build), one of the strongest implementations among e-commerce theme funds.

Worth knowing

  • FDNI Thinly traded with a small asset base. Limit orders matter here, and the bid-ask spread is a real part of your cost on the way in and out.
  • About 40 holdings, all listed abroad. Single names carry weight, and currency moves ride along with the stocks.
  • Cheaper doors into the theme exist: OGIG at 0.48% and EBIZ at 0.50% undercut FDNI's 0.65%, though neither tracks the same ex-U.S. index.
  • OGIG Thinly traded and modest in size, so spreads can run wider than in the category's busiest funds.
  • Concentrated by design: roughly 70 stocks in one high-growth theme, plus foreign-market exposure, means sharper swings than a broad index.
  • Built for growth, not income. Distributions come annually or semiannually rather than on a monthly or quarterly schedule.

Full FDNI profile⁠

Full OGIG profile⁠

FDNI vs OGIG Holdings

How FDNI and OGIG differ

Overlap by weight

7.3%

Shared holdings make up 34.8% of FDNI and 7.3% of OGIG.

Level by level

  • Holdings6 in both7.3%
  • Countryby domicile21.0%
  • Sector5 Sectors65.0%
  • Asset classEquity100%

Sector

Sector weights in FDNI and OGIG, widest gap first
SectorMore in FDNIMore in OGIG
TechnologyOGIG +34.4 points
Consumer DiscretionaryFDNI +26.0 points
CommunicationFDNI +5.8 points
FinancialsFDNI +3.1 points
Health CareOGIG +0.4 points

Country, concentration and asset class

Country by domicile

Country weights in FDNI and OGIG, widest gap first
CountryMore in FDNIMore in OGIG
United StatesOGIG +77.0 points
ChinaFDNI +37.5 points
CanadaFDNI +10.9 points
NetherlandsFDNI +8.2 points
AustraliaFDNI +4.5 points
South KoreaFDNI +4.0 points
SingaporeFDNI +3.4 points
South AfricaFDNI +2.9 points
Other countries (7)FDNI +5.5 points

Outside the US: FDNI 43% developed, 57% emerging.

Concentration

Weight in the 10 largest Holdings

  • FDNI66.3%
  • OGIG44.8%

Securities held

  • FDNI40
  • OGIG50

Asset class

FDNI
Equity
OGIG
Equity

Holdings

  • Only in FDNI34
  • In both6
  • Only in OGIG44

Only in FDNI

34 securities, 65.0% of FDNI by weight

  • Shopify Inc. (Class A)13.17%
  • Alibaba Group Holding Limited9.27%
  • JD.com, Inc. (Class A)4.52%

Only in OGIG

44 securities, 92.5% of OGIG by weight

  • Microsoft Corp.6.56%
  • Amazon.com Inc.5.91%
  • Meta Platforms Inc.5.90%

Weight gaps

All 6 Holdings in both funds, largest gap first.

Holding weights in FDNI and OGIG, widest gap first
HoldingMore in FDNIMore in OGIG
Tencent Holdings LimitedFDNI +7.57 points
PDD Holdings Inc. (ADR)PDDFDNI +5.05 points
Spotify Technology S.A.SPOTFDNI +5.00 points
NetEase, Inc.FDNI +3.89 points
Meituan (Class B)FDNI +3.22 points
Naspers Limited (Class N)FDNI +2.78 points

All 40 FDNI holdings⁠All 72 OGIG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FDNI vs OGIG Cost

Overpaying FDNI vs OGIG

$3,112

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FDNI 0.65%

    $12,717

  • OGIG 0.48%

    $9,605

$10,000
30 years

Cost over time

  • FDNI 0.65%
  • OGIG 0.48%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530FDNI $12,717OGIG $9,605

Year by year

YearFDNIOGIGOverpaying
10$1,163$865$298
20$4,440$3,328$1,112
30$12,717$9,605$3,112

Expense ratio

  • 0.65%FDNI
  • 0.48%OGIG, cheaper
  • Middle half of E-Commerce funds
  • Median 0.60%

OGIG cheapest of 9 funds

FDNI 6th cheapest of 9 funds

FDNI vs OGIG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FDNI 1.51%
OGIG No data
Payout (12M)
FDNI $0.38
OGIG No data
Last payment
FDNI $0.38
OGIG $0.04
Ex-dividend
FDNI Dec 12, 2025
OGIG Dec 18, 2025
Paid on
FDNI Dec 31, 2025
OGIG Dec 23, 2025
Frequency
FDNI Annual
OGIG Irregular

Distribution history

Per share, 2019 to 2026, same scale for both

FDNIAnnual · 8 paymentsAll FDNI payments⁠
One bar per payment. 8 payments from 2019 to 2026 YTD. Jun 14, 2019 $0.01; Sep 25, 2019 $0.45; Dec 13, 2019 $0.31; Dec 24, 2020 $0.07; Mar 24, 2023 $0.09; Jun 27, 2024 $0.07; Dec 13, 2024 $0.22; Dec 12, 2025 $0.38. Use the arrow keys to read each point.$0$0.50202020232026YTD
OGIGIrregular · 1 paymentAll OGIG payments⁠
One bar per payment. 1 payment from 2019 to 2026 YTD. Dec 18, 2025 $0.04. Use the arrow keys to read each point.$0$0.50202020232026YTD

FDNI vs OGIG Risk

Fall from peak · 5 years

  • FDNI
  • OGIG
Oct 29, 2021 to Oct 30, 2026. Worst fall: FDNI −63.4% · Oct 2022. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FDNI 22.5%, betterOGIG 23.0%
Return per unit of riskSharpe ratio, 3 years
FDNI 0.32OGIG 0.57, better
Worst fallMax drawdown, 5 years
FDNI −63.4%OGIG −62.8%, better
Market sensitivityBeta, 5 years
FDNI 0.89OGIG 1.36

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