FDN vs QQEW: Holdings Overlap
FDNFirst Trust Dow Jones Internet Index Fund
First Trust · 41 holdings · $5.3B · as of 2026-03-31
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF
First Trust · 51 holdings · $1.8B · as of 2026-03-31
How similar are FDN and QQEW?
First Trust Dow Jones Internet Index Fund (FDN, by First Trust) holds 41 positions; First Trust Nasdaq-100 Select Equal Weight ETF (QQEW, by First Trust) holds 51. They have 10 holdings in common, and by portfolio weight the two funds are 16.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10FDN holds 41 · QQEW holds 51
- Weight in Shared Holdings
- FDN 42%·QQEW 18%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in FDN
31 of 41 positions (57.6% of the fund) are not held by QQEW. Showing the top 30 by weight.
Only in QQEW
41 of 51 positions (82.2% of the fund) are not held by FDN. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDN | QQEW |
|---|---|---|
| Information Technology | 38.1% | 49.6% |
| Communication Services | 29.8% | 10.0% |
| Consumer Discretionary | 26.9% | 12.4% |
| Health Care | 1.4% | 16.3% |
| Industrials | 1.6% | 7.7% |
| Other Sectors | 2.2% | 3.9% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FDN | +6.5% | +7.5% | +6.5% | +19.6% | +3.6% | +13.9% | — |
| QQEW | +2.5% | +14.0% | +19.6% | +14.5% | +7.7% | +14.2% | 0.20% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in FDN vs QQEW →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by NFLX, ABNB and BKNG.
 NFLXNetflix, Inc. COM | 8.98% | 2.14% | 2.14% |
|---|---|---|---|
 ABNBAirbnb Inc COM CL A | 2.82% | 2.01% | 2.01% |
 BKNGBooking Holdings Inc COM | 4.59% | 1.99% | 1.99% |
 METAMeta Platforms Inc CL A | 9.14% | 1.97% | 1.97% |
 DASHDoorDash Inc CL A | 2.96% | 1.96% | 1.96% |
 DDOGDatadog Inc CL A COM | 2.04% | 1.93% | 1.93% |
 WDAYWorkday Inc CL A | 1.46% | 1.95% | 1.46% |
 GOOGAlphabet Inc. CAP STK CL C | 4.33% | 0.98% | 0.98% |
 GOOGLAlphabet Inc. CAP STK CL A | 5.41% | 0.98% | 0.98% |
 TEAMAtlassian Corporation CL A | 0.61% | 1.89% | 0.61% |
Frequently Asked Questions
How much do FDN and QQEW overlap?
FDN and QQEW overlap by 16.0% of portfolio weight. They share 10 holdings (FDN holds 41 positions and QQEW holds 51), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDN and QQEW?
The two portfolios are 16.0% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of FDN and QQEW?
The largest positions held by both funds are NFLX, ABNB, BKNG, META and DASH. Together the top 10 shared positions account for 100% of the total overlap.
What does FDN own that QQEW doesn't?
31 positions (57.6% of FDN) are unique to FDN, led by AMZN, CSCO and CRM. In the other direction, 41 positions (82.2% of QQEW) are unique to QQEW.