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 37.38%/yr vs 27.78%/yr for BTC-USD. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
FDIG vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, FDIG achieves a 19.84% return, which is significantly higher than BTC-USD's -26.78% return.
FDIG
- 1D
- -0.65%
- 1M
- 2.67%
- YTD
- 19.84%
- 6M
- 11.49%
- 1Y
- 45.64%
- 3Y*
- 37.38%
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 1.32%
- 1M
- -16.41%
- YTD
- -26.78%
- 6M
- -27.65%
- 1Y
- -36.56%
- 3Y*
- 27.78%
- 5Y*
- 13.72%
- 10Y*
- 57.78%
FDIG vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 19.84% | 19.92% | 18.41% | 166.00% | -59.37% |
BTC-USD Bitcoin | -26.78% | -6.27% | 120.76% | 155.82% | -60.05% |
Correlation
The correlation between FDIG and BTC-USD is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
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 | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.88 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | -0.71 | +1.70 |
| Martin ratioReturn relative to average drawdown | 1.86 | -1.20 | +3.06 |
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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% | -51.21% | +4.52% |
Max Drawdown (3Y)Largest decline over 3 years | -49.66% | -51.21% | +1.55% |
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 | -20.63% | -48.63% | +28.00% |
Average DrawdownAverage peak-to-trough decline | -27.49% | -42.41% | +14.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.65% | 31.17% | -6.52% |
Volatility
FDIG vs. BTC-USD - Volatility Comparison
Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 16.08% compared to Bitcoin (BTC-USD) at 12.27%. 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 | 16.08% | 12.27% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 37.00% | 34.57% | +2.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.73% | 35.70% | +15.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.93% | 44.28% | +16.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.93% | 56.43% | +4.50% |
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 (16.08%) compared to BTC-USD (12.27%). In terms of maximum drawdown, FDIG dropped -61.35% vs BTC-USD's -85.30%.
FDIG currently has the higher Sharpe Ratio (0.91 vs -0.85), 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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