BCOR vs. FDIG

Last updated Jun 24, 2026

BCOR (Grayscale Bitcoin Adopters ETF) and FDIG (Fidelity Crypto Industry and Digital Payments ETF) are both Blockchain funds - BCOR tracks the Indxx Bitcoin Adopters Index while FDIG tracks the Fidelity Crypto Industry and Digital Payments Index. Both are passively managed. Over the past year, BCOR returned -24.56% vs 44.87% for FDIG. Their correlation of 0.85 suggests significant overlap in exposure. BCOR charges 0.59%/yr vs 0.39%/yr for FDIG.

Performance

BCOR vs. FDIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Adopters ETF (BCOR) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCOR achieves a -8.74% return, which is significantly lower than FDIG's 17.50% return.

BCOR

• 1D: -3.15%
• 1M: -11.00%
• YTD: -8.74%
• 6M: -13.96%
• 1Y: -24.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDIG

• 1D: -1.95%
• 1M: 0.66%
• YTD: 17.50%
• 6M: 11.04%
• 1Y: 44.87%
• 3Y*: 36.48%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCOR vs. FDIG - Yearly Performance Comparison

	2026 (YTD)	2025
BCOR Grayscale Bitcoin Adopters ETF	-8.74%	5.68%
FDIG Fidelity Crypto Industry and Digital Payments ETF	17.50%	47.13%

Correlation

The correlation between BCOR and FDIG is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	0.85

The correlation between BCOR and FDIG has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

BCOR vs. FDIG - Sectors Allocation Comparison

Sectors	BCOR	FDIG
Technology	32.2%	39.0%
Consumer Cyclical	31.9%	0.4%
Financial Services	26.8%	56.8%
Communication Services	7.4%	0.7%
Industrials	0.9%	1.5%
Energy	0.4%	-
Healthcare	0.2%	-
Utilities	0.2%	1.6%
Basic Materials	-	-
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

BCOR vs. FDIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCOR

BCOR Risk / Return Rank: 4
BCOR Sharpe Ratio Rank: 4
BCOR Sortino Ratio Rank: 4
BCOR Omega Ratio Rank: 5
BCOR Calmar Ratio Rank: 4
BCOR Martin Ratio Rank: 4

FDIG

FDIG Risk / Return Rank: 24
FDIG Sharpe Ratio Rank: 26
FDIG Sortino Ratio Rank: 27
FDIG Omega Ratio Rank: 25
FDIG Calmar Ratio Rank: 22
FDIG Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCOR vs. FDIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Adopters ETF (BCOR) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BCOR	FDIG	Difference
Sharpe ratio: Return per unit of total volatility	-0.59	0.89	-1.48
Sortino ratio: Return per unit of downside risk	-0.65	1.45	-2.10
Omega ratio: Gain probability vs. loss probability	0.93	1.17	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.57	0.97	-1.54
Martin ratio: Return relative to average drawdown	-1.01	1.82	-2.83

BCOR vs. FDIG - Sharpe Ratio Comparison

The current BCOR Sharpe Ratio is -0.59, which is lower than the FDIG Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of BCOR and FDIG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCOR vs. FDIG - Drawdown Comparison

The maximum BCOR drawdown since its inception was -42.99%, smaller than the maximum FDIG drawdown of -61.35%. Use the drawdown chart below to compare losses from any high point for BCOR and FDIG.

Drawdown Indicators

	BCOR	FDIG	Difference
Max Drawdown Largest peak-to-trough decline	-42.99%	-61.35%	+18.36%
Max Drawdown (1Y) Largest decline over 1 year	-42.99%	-46.69%	+3.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-49.66%	—
Current Drawdown Current decline from peak	-35.45%	-22.18%	-13.27%
Average Drawdown Average peak-to-trough decline	-18.73%	-27.48%	+8.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.32%	24.69%	-0.37%

Volatility

BCOR vs. FDIG - Volatility Comparison

The current volatility for Grayscale Bitcoin Adopters ETF (BCOR) is 13.29%, while Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a volatility of 15.67%. This indicates that BCOR experiences smaller price fluctuations and is considered to be less risky than FDIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCOR	FDIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.29%	15.67%	-2.38%
Volatility (6M) Calculated over the trailing 6-month period	32.95%	37.03%	-4.08%
Volatility (1Y) Calculated over the trailing 1-year period	41.79%	50.67%	-8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.40%	60.91%	-17.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.40%	60.91%	-17.51%

BCOR vs. FDIG - Expense Ratio Comparison

BCOR has a 0.59% expense ratio, which is higher than FDIG's 0.39% expense ratio.

Dividends

BCOR vs. FDIG - Dividend Comparison

BCOR's dividend yield for the trailing twelve months is around 3.46%, more than FDIG's 1.39% yield.

Position	TTM	2025	2024	2023
BCOR Grayscale Bitcoin Adopters ETF	3.46%	3.10%	0.00%	0.00%
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.39%	1.14%	1.17%	0.18%

Frequently Asked Questions

Can I hold both BCOR and FDIG in my portfolio?

BCOR and FDIG have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCOR or FDIG?

FDIG has higher volatility (15.67%) compared to BCOR (13.29%). In terms of maximum drawdown, BCOR dropped -42.99% vs FDIG's -61.35%.

Which ETF is better, BCOR or FDIG?

On 1-year performance, FDIG leads with 44.87% vs -24.56% for BCOR. On fees, FDIG is cheaper at 0.39% per year. On volatility, BCOR has been the lower-risk option at 13.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCOR or FDIG?

Over the 1-year period, FDIG has performed better with a 44.87% return vs -24.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCOR or FDIG?

FDIG is cheaper with a 0.39% expense ratio, compared with 0.59% for BCOR.

Which ETF pays a higher dividend yield, BCOR or FDIG?

BCOR has the higher dividend yield at 3.46%, compared with 1.39% for FDIG.

What is the main difference between BCOR and FDIG?

BCOR tracks Indxx Bitcoin Adopters Index, while FDIG tracks Fidelity Crypto Industry and Digital Payments Index. They also come from different issuers: Grayscale and Fidelity. Their fees differ too: 0.59% for BCOR and 0.39% for FDIG.

Which has better risk-adjusted returns?

FDIG currently has the higher Sharpe Ratio (0.89 vs -0.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.