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FDCFvsPNQIETF Comparison

ETF 1

FDCF

Fidelity Disruptive Communications ETF

This fund is part of

Multiple Trends

-0.12%

Full FDCF fund page

VS

ETF 2

PNQI

Invesco NASDAQ Internet ETF

This fund is part of

Digital Infrastructure and Connectivity

+0.13%

Full PNQI fund page

Fidelity Disruptive Communications ETF (FDCF) belongs to the Multiple Trends segment. Invesco NASDAQ Internet ETF (PNQI) is part of the Digital Infrastructure and Connectivity segment. Both ETFs have the same top 3 sector exposures: Technology, Consumer Services and Consumer Non-Cyclicals. FDCF is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.6% for PNQI. FDCF is up 4.25% year-to-date (YTD) with -$9M in YTD flows. PNQI performs worse with -2.87% YTD performance, and -$183M in YTD flows. Run a side-by-side ETF comparison of FDCF and PNQI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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FDCF vs PNQI performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	FDCF PNQI	+1.20%+4.70%	-2.99%+7.35%	+4.25%-2.87%	+7.11%-2.32%	+90.97%+60.97%	n/a+1.99%
Flows	FDCF PNQI	-+$58K	-$5M-$39M	-$9M-$183M	+$5M-$209M	+$23M-$384M	--$511M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	FDCF PNQI	+20.57%+23.57%	+19.05%+20.11%	+19.97%+20.94%	n/a+27.08%
Max drawdown	FDCF PNQI	-7.90%-9.97%	-17.61%-24.82%	-22.26%-24.82%	n/a-59.35%
Max drawdown duration	FDCF PNQI	92d42d	247d346d	106d346d	n/a1388d

Trading data

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	FDCF	PNQI
Last sale 9/2/2026 at 1:30 PM		$52.38
Previous close 09/02/2026		$51.97
Consolidated volume 09/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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FDCF

is actively managed and doesn’t replicate an index

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	FDCF	PNQI
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	FDCF	PNQI
Last price	–	$52.38
1D performance	–	+0.79%
AuM	$100.62 M	$547.47 M
E/R	0.5%	0.6%

Characteristics

	FDCF	PNQI
Management strategy	Active	Passive
Provider	Fidelity	Invesco
Benchmark	-	NASDAQ CTA Internet Index
N° of holdings	37	77
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	June 12, 2023	June 12, 2008
ESG	No	No

More FDCF data on Trackinsight

More PNQI data on Trackinsight

Exposure

Countries

FDCF

USA

72.29%

Taiwan

10.01%

Other

17.7%

PNQI

USA

83.77%

Other

16.23%

Sectors

FDCF

Technology

66.6%

Consumer Services

13.27%

Consumer Non-Cycl.

10.7%

Other

9.43%

PNQI

Technology

56.65%

Consumer Services

15.52%

Consumer Non-Cycl.

15.27%

Finance

7.1%

Other

5.45%

Diversification

FDCF

Total weight of top 15 holdings out of 15

66.73%

PNQI

Total weight of top 15 holdings out of 15

73.11%

Top 15 holdings

Data as of July 31, 2026

FDCF

Taiwan Semiconductor Manufacturing Co., Ltd.

10.01%

Alphabet, Inc.

8.08%

Arista Networks, Inc.

6.17%

Meta Platforms, Inc.

6.04%

NVIDIA Corp.

5.44%

Amazon.com, Inc.

4.81%

Roblox Corp.

3.56%

Sea Ltd. (Singapore)

3.38%

Quebecor, Inc.

3.10%

Apple, Inc.

2.93%

Spotify Technology SA

2.80%

Twilio, Inc.

2.78%

T-Mobile US, Inc.

2.69%

Reddit, Inc.

2.55%

Warner Bros. Discovery, Inc.

2.38%

PNQI

Apple, Inc.

8.73%

Meta Platforms, Inc.

7.46%

Alphabet, Inc.

7.18%

Microsoft Corp.

6.98%

Amazon.com, Inc.

6.74%

Booking Holdings, Inc.

4.56%

Shopify, Inc.

4.38%

Uber Technologies, Inc.

4.07%

Salesforce, Inc.

3.97%

The Walt Disney Co.

3.89%

Netflix, Inc.

3.45%

Spotify Technology SA

3.16%

Adobe, Inc.

3.11%

MercadoLibre, Inc.

2.77%

Intuit, Inc.

2.67%

Frequently asked questions about FDCF and PNQI

How have the FDCF and PNQI ETFs performed in 2026?

As of September 2, 2026, FDCF is up 4.25% year-to-date (YTD), while PNQI has lost -2.87%. That puts FDCF better performer ahead so far this year.

Which ETF is attracting more investor money: FDCF or PNQI?

Year-to-date, the FDCF ETF saw -$9M in flows, compared to -$183M for PNQI.

Which ETF is more volatile: FDCF or PNQI?

Over the past year, FDCF had a volatility of 19.05%, while PNQI experienced 20.11%.

Which ETF is bigger: FDCF or PNQI?

As of September 2, 2026, FDCF holds $100.62 M in assets under management (AUM), while PNQI manages $547.47 M.

What sectors do the FDCF and PNQI ETFs invest in?

FDCF leans toward sectors like Technology, Consumer Services and Consumer Non-Cyclicals. Meanwhile, PNQI focuses on Technology, Consumer Services and Consumer Non-Cyclicals.

What are the top holdings of the FDCF ETF and PNQI ETF?

FDCF top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Alphabet, Inc. and Arista Networks, Inc.. PNQI holds in its top three: Apple, Inc., Meta Platforms, Inc. and Alphabet, Inc..

FDCFvsPNQIETF Comparison

Fidelity Disruptive Communications ETF

Invesco NASDAQ Internet ETF

FDCF vs PNQI performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the FDCF and PNQI ETFs performed in 2026?

As of September 2, 2026, FDCF is up 4.25% year-to-date (YTD), while PNQI has lost -2.87%. That puts FDCF better performer ahead so far this year.

Which ETF is attracting more investor money: FDCF or PNQI?

Year-to-date, the FDCF ETF saw -$9M in flows, compared to -$183M for PNQI.

Which ETF is more volatile: FDCF or PNQI?

Over the past year, FDCF had a volatility of 19.05%, while PNQI experienced 20.11%.

Which ETF is bigger: FDCF or PNQI?

As of September 2, 2026, FDCF holds $100.62 M in assets under management (AUM), while PNQI manages $547.47 M.

What sectors do the FDCF and PNQI ETFs invest in?

FDCF leans toward sectors like Technology, Consumer Services and Consumer Non-Cyclicals. Meanwhile, PNQI focuses on Technology, Consumer Services and Consumer Non-Cyclicals.

What are the top holdings of the FDCF ETF and PNQI ETF?

FDCF top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Alphabet, Inc. and Arista Networks, Inc.. PNQI holds in its top three: Apple, Inc., Meta Platforms, Inc. and Alphabet, Inc..

Which ETF is more diversified: FDCF or PNQI?

FDCF holds 37 securities with 66.73% of its assets in the top 15. PNQI has 77 securities and a top 15 weight of 73.11%.

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