FDIG vs. ARKF

Last updated Jun 4, 2026

FDIG (Fidelity Crypto Industry and Digital Payments ETF) and ARKF (ARK Fintech Innovation ETF) are both Blockchain funds. FDIG is passively managed, while ARKF is actively managed. Over the past 3 years, FDIG returned 40.44%/yr vs 26.10%/yr for ARKF. Their correlation of 0.81 suggests significant overlap in exposure. FDIG charges 0.39%/yr vs 0.75%/yr for ARKF.

Performance

FDIG vs. ARKF - Performance Comparison

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

Returns By Period

In the year-to-date period, FDIG achieves a 19.73% return, which is significantly higher than ARKF's -16.17% return.

FDIG

• 1D: -2.69%
• 1M: 10.27%
• YTD: 19.73%
• 6M: 6.20%
• 1Y: 50.23%
• 3Y*: 40.44%
• 5Y*: —
• 10Y*: —

ARKF

• 1D: -3.76%
• 1M: -7.12%
• YTD: -16.17%
• 6M: -20.39%
• 1Y: -4.73%
• 3Y*: 26.10%
• 5Y*: -4.19%
• 10Y*: —

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

FDIG vs. ARKF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FDIG Fidelity Crypto Industry and Digital Payments ETF	19.73%	19.92%	18.41%	166.00%	-56.18%
ARKF ARK Fintech Innovation ETF	-16.17%	28.67%	34.34%	93.27%	-39.07%

Correlation

The correlation between FDIG and ARKF is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Apr 22, 2022	0.81

The correlation between FDIG and ARKF has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.

FDIG vs. ARKF - Sectors Allocation Comparison

Sectors	FDIG	ARKF
Financial Services	56.6%	28.5%
Technology	39.5%	42.7%
Industrials	1.7%	-
Communication Services	0.9%	12.2%
Utilities	0.8%	-
Consumer Cyclical	0.5%	16.4%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	0.2%
Real Estate	-	-

Return for Risk

FDIG vs. ARKF — Risk / Return Rank

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

FDIG

FDIG Risk / Return Rank: 25
FDIG Sharpe Ratio Rank: 28
FDIG Sortino Ratio Rank: 29
FDIG Omega Ratio Rank: 27
FDIG Calmar Ratio Rank: 23
FDIG Martin Ratio Rank: 19

ARKF

ARKF Risk / Return Rank: 7
ARKF Sharpe Ratio Rank: 7
ARKF Sortino Ratio Rank: 7
ARKF Omega Ratio Rank: 7
ARKF Calmar Ratio Rank: 7
ARKF Martin Ratio Rank: 8

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.

FDIG vs. ARKF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and ARK Fintech Innovation ETF (ARKF). 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.

	FDIG	ARKF	Difference
Sharpe ratio: Return per unit of total volatility	1.02	-0.14	+1.16
Sortino ratio: Return per unit of downside risk	1.59	0.03	+1.56
Omega ratio: Gain probability vs. loss probability	1.18	1.00	+0.18
Calmar ratio: Return relative to maximum drawdown	1.08	-0.12	+1.20
Martin ratio: Return relative to average drawdown	2.09	-0.23	+2.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDIG vs. ARKF - Sharpe Ratio Comparison

The current FDIG Sharpe Ratio is 1.02, which is higher than the ARKF Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of FDIG and ARKF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDIG	ARKF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	-0.14	+1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.25	+0.05

Drawdowns

FDIG vs. ARKF - Drawdown Comparison

The maximum FDIG drawdown since its inception was -58.32%, smaller than the maximum ARKF drawdown of -78.63%. Use the drawdown chart below to compare losses from any high point for FDIG and ARKF.

Drawdown Indicators

	FDIG	ARKF	Difference
Max Drawdown Largest peak-to-trough decline	-58.32%	-78.63%	+20.31%
Max Drawdown (1Y) Largest decline over 1 year	-46.69%	-38.50%	-8.19%
Max Drawdown (3Y) Largest decline over 3 years	-49.66%	-38.50%	-11.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-75.30%	—
Current Drawdown Current decline from peak	-20.70%	-37.16%	+16.46%
Average Drawdown Average peak-to-trough decline	-26.16%	-34.96%	+8.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.11%	20.22%	+3.89%

Volatility

FDIG vs. ARKF - Volatility Comparison

Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 12.92% compared to ARK Fintech Innovation ETF (ARKF) at 8.36%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than ARKF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIG	ARKF	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.92%	8.36%	+4.56%
Volatility (6M) Calculated over the trailing 6-month period	35.95%	24.47%	+11.48%
Volatility (1Y) Calculated over the trailing 1-year period	49.60%	33.66%	+15.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.81%	42.79%	+18.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.81%	39.77%	+21.04%

FDIG vs. ARKF - Expense Ratio Comparison

FDIG has a 0.39% expense ratio, which is lower than ARKF's 0.75% expense ratio.

Dividends

FDIG vs. ARKF - Dividend Comparison

FDIG's dividend yield for the trailing twelve months is around 1.03%, more than ARKF's 0.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ARKF ARK Fintech Innovation ETF	0.11%	0.09%	0.00%	0.00%	0.00%	0.00%	0.37%	1.25%
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.03%	1.14%	1.17%	0.18%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDIG and ARKF in my portfolio?

FDIG and ARKF have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDIG or ARKF?

FDIG has higher volatility (12.92%) compared to ARKF (8.36%). In terms of maximum drawdown, FDIG dropped -58.32% vs ARKF's -78.63%.

Which ETF is better, FDIG or ARKF?

On 3-year performance, FDIG leads with 40.44% vs 26.10% for ARKF. On fees, FDIG is cheaper at 0.39% per year. On volatility, ARKF has been the lower-risk option at 8.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIG or ARKF?

Over the 3-year period, FDIG has performed better with a 40.44% return vs 26.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIG or ARKF?

FDIG is cheaper with a 0.39% expense ratio, compared with 0.75% for ARKF.

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

FDIG has the higher dividend yield at 1.03%, compared with 0.11% for ARKF.

What is the main difference between FDIG and ARKF?

They also come from different issuers: Fidelity and ARK. Their fees differ too: 0.39% for FDIG and 0.75% for ARKF.

Which has better risk-adjusted returns?

FDIG currently has the higher Sharpe Ratio (1.02 vs -0.14), 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.