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ETF comparison

ARKW vs FDN

Both Thematic.

ARK Next Generation Technology ETF · First Trust Dow Jones Internet Index Fund

Holdings overlap

Weighted by ISIN/CUSIP
23.8 %

14 positions appear in both funds. Buying equal dollars of ARKW and FDN would leave roughly 23.8% of each dollar exposed to the same underlying securities.

ARKW unmatched 73.4% Shared 23.8% FDN unmatched 76.2%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In ARKW only
27 positions
Shared
14 positions
In FDN only
28 positions

Side by side

ARKW

ARK Next Generation Technology ETF

ARK · Thematic

49 composite / 100
Expense ratio
0.76%
Net assets
$2.03B
TTM yield
1.52%
Top-10 conc.
48.0%
FDN

First Trust Dow Jones Internet Index Fund

First Trust · Thematic

62 composite / 100
Expense ratio
0.49%
Net assets
$5.23B
TTM yield
0.00%
Top-10 conc.
60.9%

Sub-score comparison

24
Cost
51
75
Tax efficiency
78
70
Liquidity
88
46
Concentration
27
—
Tracking quality
—
ARKW sub-score FDN

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

FDN is 27 bps cheaper than ARKW. On a $100,000 position that's about $270/yr more in fees for ARKW.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with ARKW vs FDN.

Top shared holdings

14 shared in total
# Holding In ARKW In FDN Overlap
1 AMAZON.COM INC 4.44% 9.98% 4.44%
2 ALPHABET INC 4.07% 4.43% 4.07%
3 META PLATFORMS INC 2.83% 9.83% 2.83%
4 DATADOG INC 2.62% 3.53% 2.62%
5 CLOUDFLARE INC 2.13% 3.22% 2.13%
6 ROBLOX CORP 2.29% 1.50% 1.50%
7 SNOWFLAKE INC 1.29% 3.61% 1.29%
8 NETFLIX INC 1.19% 3.90% 1.19%
9 DOORDASH INC 1.15% 2.87% 1.15%
10 COREWEAVE INC 3.20% 1.08% 1.08%
11 AIRBNB INC 0.60% 2.45% 0.60%
12 DRAFTKINGS INC 0.91% 0.52% 0.52%

Only in ARKW

27 total
  • TESLA INC 7.48%
  • ADVANCED MICRO DEVICES INC 7.44%
  • ARK 21SHARES BITCOIN ETF 4.90%
  • ROBINHOOD MARKETS INC 4.56%
  • SHOPIFY INC 4.47%
  • BLOCK INC 3.61%
  • COINBASE GLOBAL INC 3.43%
  • SPACE EXPLORATION TECHNOLOGIES CORP 3.35%
  • PALANTIR TECHNOLOGIES INC 2.78%
  • CROWDSTRIKE HOLDINGS INC 2.62%

Only in FDN

28 total
  • CISCO SYSTEMS INC 8.54%
  • ARISTA NETWORKS INC 5.02%
  • BOOKING HOLDINGS INC 4.98%
  • ORACLE CORP 4.59%
  • SALESFORCE INC 4.11%
  • CIENA CORP 2.85%
  • EBAY INC 2.04%
  • CARVANA COMPANY 1.94%
  • PAYPAL HOLDINGS INC 1.57%
  • VEEVA SYSTEMS INC 1.10%

Percentages are holdings overlap with the named fund.

Open ARKW or FDN at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.