FDN vs SKYY: Holdings Overlap
FDNFirst Trust Dow Jones Internet Index Fund
First Trust · 41 holdings · $5.3B · as of 2026-03-31
SKYYFirst Trust Cloud Computing ETF
First Trust · 62 holdings · $3.1B · as of 2026-03-31
How similar are FDN and SKYY?
First Trust Dow Jones Internet Index Fund (FDN, by First Trust) holds 41 positions; First Trust Cloud Computing ETF (SKYY, by First Trust) holds 62. They have 20 holdings in common, and by portfolio weight the two funds are 25.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 25.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20FDN holds 41 · SKYY holds 62
- Weight in Shared Holdings
- FDN 48%·SKYY 36%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
21 of 41 positions (51.7% of the fund) are not held by SKYY.
Only in SKYY
42 of 62 positions (63.8% of the fund) are not held by FDN. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDN | SKYY |
|---|---|---|
| Information Technology | 38.1% | 82.6% |
| Communication Services | 29.8% | 8.7% |
| Consumer Discretionary | 26.9% | 3.7% |
| Financials | 2.2% | 0.6% |
| Industrials | 1.6% | 0.6% |
| Other Sectors | 1.4% | 0.6% |
| Unclassified | 0.0% | 3.1% |
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. “Unclassified” is weight we could not classify (0% of FDN, 3% of SKYY).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) |
|---|---|---|---|---|---|---|
| FDN | +6.5% | +7.5% | +6.5% | +19.6% | +3.6% | +13.9% |
| SKYY | +12.3% | +20.1% | +27.6% | +25.7% | +8.0% | +17.1% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Past performance does not predict future results.
Project the growth of $10,000 in FDN vs SKYY →
Shared Holdings(20)
The top 10 shared positions account for 81% of the overlap, led by AMZN, GOOGL and ANET.
 AMZNAmazon.com, Inc. COM | 10.25% | 3.68% | 3.68% |
|---|---|---|---|
 GOOGLAlphabet Inc. CAP STK CL A | 5.41% | 3.42% | 3.42% |
 ANETArista Networks Inc COM SHS | 4.18% | 3.41% | 3.41% |
 NETCloudflare Inc CL A COM | 3.45% | 2.97% | 2.97% |
 CSCOCisco Systems, Inc. COM | 6.78% | 2.42% | 2.42% |
 CRMSalesforce Inc. COM | 4.53% | 1.78% | 1.78% |
 CRWVCoreWeave Inc. COM CL A | 0.99% | 3.01% | 0.99% |
 AKAMAkamai Technologies, Inc. COM | 0.87% | 2.89% | 0.87% |
 HUBSHubspot Inc COM | 0.68% | 1.71% | 0.68% |
 ZMZoom Communications Inc. CL A | 1.13% | 0.67% | 0.67% |
 DDOGDatadog Inc CL A COM | 2.04% | 0.65% | 0.65% |
 TEAMAtlassian Corporation CL A | 0.61% | 1.69% | 0.61% |
 WDAYWorkday Inc CL A | 1.46% | 0.60% | 0.60% |
 VEEVVeeva Systems Inc CL A COM | 1.40% | 0.60% | 0.60% |
 SNOWSnowflake Inc COM SHS | 2.72% | 0.55% | 0.55% |
 NTNXNutanix Inc CL A | 0.54% | 3.69% | 0.54% |
 DOCUDocusign Inc COM | 0.50% | 0.65% | 0.50% |
 PAYCPaycom Software Inc COM | 0.31% | 0.60% | 0.31% |
 DBXDropbox Inc CL A | 0.21% | 0.56% | 0.21% |
 BOXBox Inc. CL A | 0.18% | 0.62% | 0.18% |
Frequently Asked Questions
How much do FDN and SKYY overlap?
FDN and SKYY overlap by 25.6% of portfolio weight. They share 20 holdings (FDN holds 41 positions and SKYY holds 62), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDN and SKYY?
The two portfolios are 25.6% 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 SKYY?
The largest positions held by both funds are AMZN, GOOGL, ANET, NET and CSCO. Together the top 10 shared positions account for 81% of the total overlap.
What does FDN own that SKYY doesn't?
21 positions (51.7% of FDN) are unique to FDN, led by META, NFLX and BKNG. In the other direction, 42 positions (63.8% of SKYY) are unique to SKYY.