FDIG vs. BKCH

Last updated Jun 24, 2026

FDIG (Fidelity Crypto Industry and Digital Payments ETF) and BKCH (Global X Blockchain ETF) are both Blockchain funds - FDIG tracks the Fidelity Crypto Industry and Digital Payments Index while BKCH tracks the Solactive Blockchain Index. Both are passively managed. Over the past 3 years, FDIG returned 36.48%/yr vs 47.96%/yr for BKCH. With a 0.97 correlation, they move nearly in lockstep. FDIG charges 0.39%/yr vs 0.50%/yr for BKCH.

Performance

FDIG vs. BKCH - Performance Comparison

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

Returns By Period

In the year-to-date period, FDIG achieves a 17.50% return, which is significantly lower than BKCH's 32.33% return.

FDIG

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

BKCH

• 1D: -2.35%
• 1M: -2.02%
• YTD: 32.33%
• 6M: 21.68%
• 1Y: 91.74%
• 3Y*: 47.96%
• 5Y*: —
• 10Y*: —

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

FDIG vs. BKCH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FDIG Fidelity Crypto Industry and Digital Payments ETF	17.50%	19.92%	18.41%	166.00%	-59.37%
BKCH Global X Blockchain ETF	32.33%	27.14%	18.81%	267.06%	-76.26%

Correlation

The correlation between FDIG and BKCH is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022	0.97

The correlation between FDIG and BKCH has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

FDIG vs. BKCH — Risk / Return Rank

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

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

BKCH

BKCH Risk / Return Rank: 34
BKCH Sharpe Ratio Rank: 39
BKCH Sortino Ratio Rank: 39
BKCH Omega Ratio Rank: 36
BKCH Calmar Ratio Rank: 34
BKCH Martin Ratio Rank: 24

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. BKCH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Global X Blockchain ETF (BKCH). 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.

	FDIG	BKCH	Difference
Sharpe ratio: Return per unit of total volatility	0.89	1.31	-0.42
Sortino ratio: Return per unit of downside risk	1.45	1.92	-0.48
Omega ratio: Gain probability vs. loss probability	1.17	1.23	-0.06
Calmar ratio: Return relative to maximum drawdown	0.97	1.64	-0.67
Martin ratio: Return relative to average drawdown	1.82	2.97	-1.15

FDIG vs. BKCH - Sharpe Ratio Comparison

The current FDIG Sharpe Ratio is 0.89, which is lower than the BKCH Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of FDIG and BKCH, 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

FDIG vs. BKCH - Drawdown Comparison

The maximum FDIG drawdown since its inception was -61.35%, smaller than the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for FDIG and BKCH.

Drawdown Indicators

	FDIG	BKCH	Difference
Max Drawdown Largest peak-to-trough decline	-61.35%	-91.80%	+30.45%
Max Drawdown (1Y) Largest decline over 1 year	-46.69%	-56.28%	+9.59%
Max Drawdown (3Y) Largest decline over 3 years	-49.66%	-57.99%	+8.33%
Current Drawdown Current decline from peak	-22.18%	-36.56%	+14.38%
Average Drawdown Average peak-to-trough decline	-27.48%	-61.85%	+34.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.69%	30.96%	-6.27%

Volatility

FDIG vs. BKCH - Volatility Comparison

The current volatility for Fidelity Crypto Industry and Digital Payments ETF (FDIG) is 15.67%, while Global X Blockchain ETF (BKCH) has a volatility of 18.01%. This indicates that FDIG experiences smaller price fluctuations and is considered to be less risky than BKCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIG	BKCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.67%	18.01%	-2.34%
Volatility (6M) Calculated over the trailing 6-month period	37.03%	51.29%	-14.26%
Volatility (1Y) Calculated over the trailing 1-year period	50.67%	70.40%	-19.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.91%	75.41%	-14.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.91%	75.41%	-14.50%

FDIG vs. BKCH - Expense Ratio Comparison

FDIG has a 0.39% expense ratio, which is lower than BKCH's 0.50% expense ratio.

Dividends

FDIG vs. BKCH - Dividend Comparison

FDIG's dividend yield for the trailing twelve months is around 1.39%, less than BKCH's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021
BKCH Global X Blockchain ETF	1.51%	2.00%	7.61%	2.33%	1.29%	4.28%
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.39%	1.14%	1.17%	0.18%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDIG and BKCH in my portfolio?

With a correlation of 0.97, FDIG and BKCH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FDIG or BKCH?

BKCH has higher volatility (18.01%) compared to FDIG (15.67%). In terms of maximum drawdown, FDIG dropped -61.35% vs BKCH's -91.80%.

Which ETF is better, FDIG or BKCH?

On 3-year performance, BKCH leads with 47.96% vs 36.48% for FDIG. On fees, FDIG is cheaper at 0.39% per year. On volatility, FDIG has been the lower-risk option at 15.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIG or BKCH?

Over the 3-year period, BKCH has performed better with a 47.96% return vs 36.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIG or BKCH?

FDIG is cheaper with a 0.39% expense ratio, compared with 0.50% for BKCH.

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

BKCH has the higher dividend yield at 1.51%, compared with 1.39% for FDIG.

What is the main difference between FDIG and BKCH?

FDIG tracks Fidelity Crypto Industry and Digital Payments Index, while BKCH tracks Solactive Blockchain Index. They also come from different issuers: Fidelity and Global X. Their fees differ too: 0.39% for FDIG and 0.50% for BKCH.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (1.31 vs 0.89), 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.