FDIG vs. DECO

Last updated Jul 15, 2026

FDIG (Fidelity Crypto Industry and Digital Payments ETF) and DECO (State Street Galaxy Digital Asset Ecosystem ETF) are both Blockchain funds. FDIG is passively managed, while DECO is actively managed. Over the past year, FDIG returned 9.34% vs 104.79% for DECO. Their correlation of 0.93 suggests significant overlap in exposure. FDIG charges 0.39%/yr vs 0.65%/yr for DECO.

Performance

FDIG vs. DECO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Crypto Industry and Digital Payments ETF (FDIG) and State Street Galaxy Digital Asset Ecosystem ETF (DECO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDIG achieves a 8.21% return, which is significantly lower than DECO's 68.06% return.

FDIG

• 1D: 1.16%
• 1M: -5.73%
• 6M: -5.21%
• YTD: 8.21%
• 1Y: 9.34%
• 3Y*: 19.63%
• 5Y*: —
• 10Y*: —

DECO

• 1D: 2.00%
• 1M: -2.84%
• 6M: 43.44%
• YTD: 68.06%
• 1Y: 104.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDIG vs. DECO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDIG Fidelity Crypto Industry and Digital Payments ETF	8.21%	19.92%	33.64%
DECO State Street Galaxy Digital Asset Ecosystem ETF	68.06%	42.48%	31.48%

Correlation

The correlation between FDIG and DECO is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.93

The correlation between FDIG and DECO has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

FDIG vs. DECO - Sectors Allocation Comparison

Sectors	FDIG	DECO
Financial Services	55.6%	39.5%
Technology	38.2%	55.3%
Industrials	3.1%	5.2%
Consumer Cyclical	1.6%	-
Utilities	0.9%	-
Communication Services	0.7%	-
Basic Materials	-	1.8%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

FDIG vs. DECO — Risk / Return Rank

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

FDIG

FDIG Risk / Return Rank: 13
FDIG Sharpe Ratio Rank: 12
FDIG Sortino Ratio Rank: 15
FDIG Omega Ratio Rank: 14
FDIG Calmar Ratio Rank: 12
FDIG Martin Ratio Rank: 11

DECO

DECO Risk / Return Rank: 83
DECO Sharpe Ratio Rank: 90
DECO Sortino Ratio Rank: 81
DECO Omega Ratio Rank: 76
DECO Calmar Ratio Rank: 89
DECO Martin Ratio Rank: 76

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. DECO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and State Street Galaxy Digital Asset Ecosystem ETF (DECO). 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	DECO	Difference
Sharpe ratio: Return per unit of total volatility	0.19	2.40	-2.21
Sortino ratio: Return per unit of downside risk	0.62	2.87	-2.26
Omega ratio: Gain probability vs. loss probability	1.07	1.36	-0.29
Calmar ratio: Return relative to maximum drawdown	0.20	4.12	-3.92
Martin ratio: Return relative to average drawdown	0.37	11.33	-10.96

FDIG vs. DECO - Sharpe Ratio Comparison

The current FDIG Sharpe Ratio is 0.19, which is lower than the DECO Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of FDIG and DECO, 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. DECO - Drawdown Comparison

The maximum FDIG drawdown since its inception was -61.35%, which is greater than DECO's maximum drawdown of -47.71%. Use the drawdown chart below to compare losses from any high point for FDIG and DECO.

Drawdown Indicators

	FDIG	DECO	Difference
Max Drawdown Largest peak-to-trough decline	-61.35%	-47.71%	-13.64%
Max Drawdown (1Y) Largest decline over 1 year	-46.69%	-25.60%	-21.09%
Max Drawdown (3Y) Largest decline over 3 years	-49.66%	—	—
Current Drawdown Current decline from peak	-28.33%	-7.93%	-20.40%
Average Drawdown Average peak-to-trough decline	-27.47%	-11.26%	-16.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.48%	9.28%	+16.20%

Volatility

FDIG vs. DECO - Volatility Comparison

Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 10.36% compared to State Street Galaxy Digital Asset Ecosystem ETF (DECO) at 8.76%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than DECO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIG	DECO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.36%	8.76%	+1.60%
Volatility (6M) Calculated over the trailing 6-month period	36.48%	33.36%	+3.12%
Volatility (1Y) Calculated over the trailing 1-year period	50.30%	43.94%	+6.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.66%	50.86%	+9.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.66%	50.86%	+9.80%

FDIG vs. DECO - Expense Ratio Comparison

FDIG has a 0.39% expense ratio, which is lower than DECO's 0.65% expense ratio.

Dividends

FDIG vs. DECO - Dividend Comparison

FDIG's dividend yield for the trailing twelve months is around 1.51%, more than DECO's 0.69% yield.

Position	TTM	2025	2024	2023
DECO State Street Galaxy Digital Asset Ecosystem ETF	0.69%	1.16%	1.73%	0.00%
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.51%	1.14%	1.17%	0.18%

Frequently Asked Questions

Can I hold both FDIG and DECO in my portfolio?

With a correlation of 0.92, FDIG and DECO 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 DECO?

FDIG has higher volatility (10.36%) compared to DECO (8.76%). In terms of maximum drawdown, FDIG dropped -61.35% vs DECO's -47.71%.

Which ETF is better, FDIG or DECO?

On 1-year performance, DECO leads with 104.79% vs 9.34% for FDIG. On fees, FDIG is cheaper at 0.39% per year. On volatility, DECO has been the lower-risk option at 8.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIG or DECO?

Over the 1-year period, DECO has performed better with a 104.79% return vs 9.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIG or DECO?

FDIG is cheaper with a 0.39% expense ratio, compared with 0.65% for DECO.

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

FDIG has the higher dividend yield at 1.51%, compared with 0.69% for DECO.

What is the main difference between FDIG and DECO?

They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.39% for FDIG and 0.65% for DECO.

Which has better risk-adjusted returns?

DECO currently has the higher Sharpe Ratio (2.40 vs 0.19), 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.