“Data also show that over the past five years, the performance of FDN is 92% correlated with the performance of the Nasdaq Composite Index,” Morningstar notes.
FDN is a Morningstar five-star rated fund and the ETF’s underlying index, the Dow Jones Internet Composite Index, has outperformed the S&P 500 and the S&P Composite 1500 Information Technology Index over the past year, three-, five- and 10-year periods, according to First Trust data.
First Trust Dow Jones Internet Index Fund
ETF Trends editorial team contribute to this post. Tom Lydon’s clients own shares of Apple, Amazon, Facebook and Google.