FDIG vs. BTC-USD
FDIG (Fidelity Crypto Industry and Digital Payments ETF) is Blockchain fund tracking the Fidelity Crypto Industry and Digital Payments Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 3 years, FDIG returned 21.94%/yr vs 29.40%/yr for BTC-USD. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
FDIG vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, FDIG achieves a 6.72% return, which is significantly higher than BTC-USD's -27.75% return.
FDIG
- 1D
- -2.34%
- 1M
- -1.73%
- 6M
- 4.01%
- YTD
- 6.72%
- 1Y
- 18.46%
- 3Y*
- 21.94%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.23%
BTC-USD
- 1D
- 0.72%
- 1M
- 1.12%
- 6M
- -17.79%
- YTD
- -27.75%
- 1Y
- -43.83%
- 3Y*
- 29.40%
- 5Y*
- 10.61%
- 10Y*
- 59.66%
- ALL TIME*
- 87.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1569.44T | $1598.63T | $2087.37T |
| $1.07M | $1.09M | $1.90M |
FDIG vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 6.72% | 19.92% | 18.41% | 166.00% | -59.37% |
BTC-USD Bitcoin | -27.75% | -6.27% | 120.76% | 155.82% | -60.05% |
Correlation
The correlation between FDIG and BTC-USD is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022 | 0.52 |
The correlation between FDIG and BTC-USD has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
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Return for Risk
FDIG vs. BTC-USD — Risk / Return Rank
FDIG
BTC-USD
FDIG vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.85 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | -0.83 | +1.06 |
| Martin ratioReturn relative to average drawdown | 0.41 | -1.27 | +1.68 |
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Drawdowns
FDIG vs. BTC-USD - Drawdown Comparison
The maximum FDIG drawdown since its inception was -61.35%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for FDIG and BTC-USD.
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Drawdown Indicators
| FDIG | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.35% | -85.30% | +23.95% |
Max Drawdown (1Y)Largest decline over 1 year | -46.69% | -53.08% | +6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -49.66% | -53.08% | +3.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -29.32% | -49.31% | +19.99% |
Average DrawdownAverage peak-to-trough decline | -27.49% | -42.73% | +15.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.23% | 24.94% | +1.29% |
Volatility
FDIG vs. BTC-USD - Volatility Comparison
Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 14.26% compared to Bitcoin (BTC-USD) at 8.45%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIG | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.26% | 8.45% | +5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 37.43% | 33.72% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.34% | 35.86% | +15.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.59% | 43.65% | +16.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.59% | 56.22% | +4.37% |
Frequently Asked Questions
FDIG and BTC-USD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIG has higher volatility (14.26%) compared to BTC-USD (8.45%). In terms of maximum drawdown, FDIG dropped -61.35% vs BTC-USD's -85.30%.
FDIG currently has the higher Sharpe Ratio (0.21 vs -1.02), 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.
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