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CI Alternative North American Opportunities Fund (CNAO) and First Trust Dow Jones Internet ETF (FDN) offer distinct profiles for Canadian ETF investors. A direct comparison shows that CNAO focuses its top 3 sector exposures on Technology, Healthcare, and Industrials, while FDN leans towards Technology, Consumer Non-Cyclicals, and Consumer Services. When evaluating costs, CNAO features a management fee (MER) of 0.9%, compared to 0.15% for FDN. Performance-wise, CNAO has returned 5.36% year-to-date with -$4 M in net flows, whereas FDN is at 3.69% with -$1 M. Use the comparison tool below to benchmark these funds across top 10 holdings, yield, sector weights and historical returns.
NAV Performance and Flows
Key Data
Compare
CNAO
FDN
| AuM | $47.35 M | $6.54 M |
| Management Fees | 0.90% | 0.15% |
| Exp. ratio | 1.21% | 0.66% |
| Tracking Difference | - | - |
Historical performance and flows
As of July 16, 2026
| 1M | 3M | YTD | 1Y | 3Y | ||
|---|---|---|---|---|---|---|
| Perf. | CNAO | -0.44% | +7.48% | +5.36% | +11.37% | +60.49% |
FDN | +1.23% | +7.08% | +3.69% | +5.61% | +68.41% | |
| Flows | CNAO | +$1 M | -$2 M | -$4 M | -$3 M | +$41 M |
FDN | +$0 M | +$0 M | -$1 M | -$1 M | -$3 M |
CNAO vs FDN exposure
Countries
CNAO
USA
83.96%
Canada
10.06%
FDN
USA
99.93%
Sectors
CNAO
Technology
66.80%
Healthcare
14.58%
Industrials
11.07%
Other
7.55%
FDN
Technology
70.67%
Consumer Non-Cyclicals
12.49%
Consumer Services
10.17%
As of July 16, 2026
Top 10 Holdings
CNAO
NVIDIA Corp.
7.56%
Alphabet, Inc.
6.08%
DexCom, Inc.
5.56%
Amazon.com, Inc.
5.20%
IQVIA Holdings, Inc.
5.05%
Celestica, Inc.
4.84%
Microsoft Corp.
4.67%
Meta Platforms, Inc.
4.38%
Taiwan Semiconductor Manufacturing Co., Ltd.
4.09%
Snowflake, Inc.
3.78%
FDN
Amazon.com, Inc.
10.37%
Cisco Systems, Inc.
8.56%
Meta Platforms, Inc.
7.74%
Netflix, Inc.
6.47%
Alphabet, Inc.
5.71%
Arista Networks, Inc.
4.69%
Alphabet, Inc.
4.54%
Salesforce, Inc.
4.10%
Snowflake, Inc.
4.08%
Datadog, Inc.
3.88%
Diversification
CNAO
Total weight of top 10 holdings out of 35 total
51.21%
FDN
Total weight of top 10 holdings out of 41 total
60.14%
Characteristics
Compare
CNAO
FDN
| Provider | CI | First Trust |
| Management | Actively managed | Passively managed |
| Benchmark | - | Dow Jones Internet Composite Net Total Return Index - USD |
| Replication Method | ||
| Asset Class | Equity | Equity |
| Dividend Policy | Capitalization | Distributing |
| Trailing 12m distribution yield | 0.00% | 0.00% |
| Meets ESG criteria | No | No |
| Inception Date | July 8, 2021 | October 30, 2014 |
Frequently asked questions about CNAO and FDN
Which ETF has performed better year to date: CNAO or FDN?
As of July 16, 2026, CNAO has returned 5.36% year to date, while FDN has returned 3.69%. CNAO is ahead on YTD performance.
Which ETF is larger by assets under management: CNAO or FDN?
As of July 16, 2026, CNAO manages $47.35 M in assets, while FDN manages $6.54 M. CNAO is the larger fund by AUM.
How are CNAO and FDN managed?
CNAO is actively managed by CI. It does not track an index. FDN is passively managed by First Trust. It tracks the Dow Jones Internet Composite Net Total Return Index - USD benchmark.
What sectors do CNAO and FDN emphasize?
CNAO is most exposed to Technology, Healthcare, and Industrials. FDN is most exposed to Technology, Consumer Non-Cyclicals, and Consumer Services.
Which ETF is attracting more investor flows: CNAO or FDN?
Year to date, CNAO has seen -$3.80 M in net flows, compared with -$0.87 M for FDN. FDN has attracted more net investor money so far.
How do the fees of CNAO and FDN compare?
CNAO has an expense ratio of 1.21%, while FDN has an expense ratio of 0.66%.
What are the top holdings of CNAO and FDN?
CNAO's largest holdings include NVIDIA Corp., Alphabet, Inc., and DexCom, Inc.. FDN's top holdings include Amazon.com, Inc., Alphabet, Inc., and Cisco Systems, Inc..
Which ETF is more diversified: CNAO or FDN?
CNAO holds 35 securities, while FDN holds 40. On holdings count, FDN is the more diversified portfolio.
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