FDN’s worst drop since 2006 was 62%
First Trust Dow Jones Internet ETF (FDN) fell 62% from Oct 2007 to Nov 2008. It took 2.5 years from that peak to close at a new high, in Apr 2010. Over the same years the S&P 500 fell as much as 55%.
That drop ranks 58th deepest among the 203 ETFs PortfolioAutopsy tracks.
Drawdown from the last high, 2006 to now
How FDN held up in each crash
| Crash | Years | FDN | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −61.5% | −55.2% |
| COVID crash | 2020 | −30.6% | −33.7% |
| 2022 rate shock | 2022 | −48.7% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was FDN’s maximum drawdown?
FDN’s deepest fall since 2006 was 61.5%, from its high on October 12, 2007 to its low on November 20, 2008. The figure uses daily prices with dividends reinvested.
How long did FDN take to recover?
2.5 years. FDN first closed above its Oct 2007 high again on April 14, 2010.
Was FDN riskier than the S&P 500?
Over the same years, FDN’s worst drop was 61.5% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −56.0% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, June 26, 2006 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.