The Dow Jones Internet Composite Index has outpaced the S&P 1500 Information Technology Index year-to-date, over the past year, three years and five years. However, FDN’s index does sport a slightly higher beta of 1.15 compared to 1.11 for the S&P 1500 Information Technology Index, according to First Trust data.
Investors looking for ETF alternatives to FDN for Google exposure can consider the PowerShares NASDAQ Internet Portfolio (NasdaqGM: PNQI). Google is that ETF’s second-largest holding with a weight of about eight percent. The iShares Dow Jones U.S. Technology Sector Index Fund (NYSEArca: IYW), an ETF best known for its significant allocation to Apple (NasdaqGS: AAPL), features a 9.2% weight to Google. [Nasdaq, Tech ETFs Capitalize on The Apple Brand]
Full disclosure: Tom Lydon’s clients own GOOG.
ETF Trends editorial team contributed to this story.