FDIG vs. BITQ
Compare and contrast key facts about Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Bitwise Crypto Industry Innovators ETF (BITQ).
FDIG and BITQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDIG is a passively managed fund by Fidelity that tracks the performance of the Fidelity Crypto Industry and Digital Payments Index. It was launched on Apr 19, 2022. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021. Both FDIG and BITQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FDIG vs. BITQ - Performance Comparison
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FDIG vs. BITQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | -14.57% | 19.92% | 18.41% | 166.00% | -56.18% |
BITQ Bitwise Crypto Industry Innovators ETF | -5.92% | 18.00% | 46.97% | 246.83% | -74.98% |
Returns By Period
In the year-to-date period, FDIG achieves a -14.57% return, which is significantly lower than BITQ's -5.92% return.
FDIG
- 1D
- 0.31%
- 1M
- -9.90%
- YTD
- -14.57%
- 6M
- -32.88%
- 1Y
- 32.76%
- 3Y*
- 28.85%
- 5Y*
- —
- 10Y*
- —
BITQ
- 1D
- -0.58%
- 1M
- -8.31%
- YTD
- -5.92%
- 6M
- -26.36%
- 1Y
- 47.29%
- 3Y*
- 48.40%
- 5Y*
- —
- 10Y*
- —
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FDIG vs. BITQ - Expense Ratio Comparison
FDIG has a 0.39% expense ratio, which is lower than BITQ's 0.85% expense ratio.
Return for Risk
FDIG vs. BITQ — Risk / Return Rank
FDIG
BITQ
FDIG vs. BITQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Bitwise Crypto Industry Innovators ETF (BITQ). 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 | BITQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.81 | -0.18 |
Sortino ratioReturn per unit of downside risk | 1.20 | 1.45 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.21 | -0.41 |
Martin ratioReturn relative to average drawdown | 1.77 | 2.74 | -0.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDIG | BITQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.63 | 0.81 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | -0.05 | +0.20 |
Correlation
The correlation between FDIG and BITQ is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FDIG vs. BITQ - Dividend Comparison
FDIG's dividend yield for the trailing twelve months is around 1.44%, while BITQ has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 1.44% | 1.14% | 1.17% | 0.18% | 0.00% | 0.00% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.00% | 0.00% | 0.90% | 1.51% | 0.00% | 3.12% |
Drawdowns
FDIG vs. BITQ - Drawdown Comparison
The maximum FDIG drawdown since its inception was -58.32%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for FDIG and BITQ.
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Drawdown Indicators
| FDIG | BITQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.32% | -90.32% | +32.00% |
Max Drawdown (1Y)Largest decline over 1 year | -46.69% | -44.99% | -1.70% |
Current DrawdownCurrent decline from peak | -43.42% | -42.16% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -26.09% | -53.86% | +27.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.12% | 19.87% | +1.25% |
Volatility
FDIG vs. BITQ - Volatility Comparison
The current volatility for Fidelity Crypto Industry and Digital Payments ETF (FDIG) is 16.10%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 17.63%. This indicates that FDIG experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIG | BITQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.10% | 17.63% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 39.97% | 45.99% | -6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.57% | 58.97% | -6.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.44% | 67.77% | -6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.44% | 67.77% | -6.33% |