Quick Read – NFLX fell 16% between May and August, but FDN gained 6% as its internet holdings in advertising, e-commerce, and cloud offset the drag. – XLC and VOX both cushioned the Netflix shock because Meta and Alphabet together control over a third of each fund’s assets. -…
tflix ad revenue is guided to roughly double to $3 billion in 2026, making U.S. digital ad spend the key variable to track across all three funds. – It sounds nuts, but SoFi1 is giving new Active Invest users up to $3,000 in stock for a limited time, and all it takes is a $50 deposit to get started.2 See for yourself (Sponsor) Netflix (NASDAQ:NFLX) has spent the past three months moving in the wrong direction, and the ripples are showing up unevenly across the exchange-traded funds (ETFs) that hold it. Shares closed at $74.20 on August 5, down 15.9% from $88.25 on May 7 and off 35.4% over the trailing year
The stock is still up 41.4% over five years and 664.7% over a decade, so this is a drawdown inside a much longer uptrend. The trigger was familiar: soft near-term guidance and a sharp step-down in free cash flow reported at the July 16 Q2 print. What matters for ETF holders is how three funds with very different construction absorbed the same shock.
FDN: Internet-Pure, but the Basket Ran Away From Netflix The First Trust Dow Jones Internet Index Fund (NYSEARCA:FDN) tracks a concentrated basket of U.S. internet businesses, and Netflix has historically been a top-tier constituent. On last check it was nearly 4% of the fund’s assets. FDN closed at $287.38 on August 5, up roughly 6% over the same May 7 to August 5 window while Netflix fell by double digits.