FDIG vs. FDVV

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Fidelity High Dividend ETF (FDVV).

FDIG and FDVV 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. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016. Both FDIG and FDVV 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. FDVV - Performance Comparison

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

FDIG vs. FDVV - 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%
FDVV Fidelity High Dividend ETF	-1.50%	17.08%	21.81%	18.00%	-7.42%

Returns By Period

In the year-to-date period, FDIG achieves a -14.57% return, which is significantly lower than FDVV's -1.50% return.

FDIG

• 1D: 0.31%
• 1M: -9.90%
• YTD: -14.57%
• 6M: -32.88%
• 1Y: 32.76%
• 3Y*: 28.85%
• 5Y*: —
• 10Y*: —

FDVV

• 1D: 0.29%
• 1M: -4.85%
• YTD: -1.50%
• 6M: 0.38%
• 1Y: 15.18%
• 3Y*: 17.01%
• 5Y*: 12.74%
• 10Y*: —

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

FDIG vs. FDVV - Expense Ratio Comparison

FDIG has a 0.39% expense ratio, which is higher than FDVV's 0.29% expense ratio.

FDIG

Fidelity Crypto Industry and Digital Payments ETF

FDVV

Fidelity High Dividend ETF

Return for Risk

FDIG vs. FDVV — Risk / Return Rank

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

FDIG

FDIG Risk / Return Rank: 32
FDIG Sharpe Ratio Rank: 32
FDIG Sortino Ratio Rank: 40
FDIG Omega Ratio Rank: 32
FDIG Calmar Ratio Rank: 31
FDIG Martin Ratio Rank: 24

FDVV

FDVV Risk / Return Rank: 53
FDVV Sharpe Ratio Rank: 53
FDVV Sortino Ratio Rank: 53
FDVV Omega Ratio Rank: 60
FDVV Calmar Ratio Rank: 45
FDVV Martin Ratio Rank: 53

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. FDVV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Fidelity High Dividend ETF (FDVV). 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	FDVV	Difference
Sharpe ratio Return per unit of total volatility	0.63	1.00	-0.37
Sortino ratio Return per unit of downside risk	1.20	1.44	-0.24
Omega ratio Gain probability vs. loss probability	1.14	1.23	-0.09
Calmar ratio Return relative to maximum drawdown	0.80	1.23	-0.43
Martin ratio Return relative to average drawdown	1.77	5.34	-3.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDIG vs. FDVV - Sharpe Ratio Comparison

The current FDIG Sharpe Ratio is 0.63, which is lower than the FDVV Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of FDIG and FDVV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDIG	FDVV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	1.00	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.74	-0.59

Correlation

The correlation between FDIG and FDVV is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FDIG vs. FDVV - Dividend Comparison

FDIG's dividend yield for the trailing twelve months is around 1.44%, less than FDVV's 2.99% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.44%	1.14%	1.17%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDVV Fidelity High Dividend ETF	2.99%	2.89%	2.94%	3.77%	3.44%	2.70%	3.19%	3.93%	4.05%	3.66%	1.04%

Drawdowns

FDIG vs. FDVV - Drawdown Comparison

The maximum FDIG drawdown since its inception was -58.32%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FDIG and FDVV.

Drawdown Indicators

	FDIG	FDVV	Difference
Max Drawdown Largest peak-to-trough decline	-58.32%	-40.25%	-18.07%
Max Drawdown (1Y) Largest decline over 1 year	-46.69%	-12.34%	-34.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.18%	—
Current Drawdown Current decline from peak	-43.42%	-6.78%	-36.64%
Average Drawdown Average peak-to-trough decline	-26.09%	-3.85%	-22.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.12%	2.84%	+18.28%

Volatility

FDIG vs. FDVV - Volatility Comparison

Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 16.10% compared to Fidelity High Dividend ETF (FDVV) at 4.47%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIG	FDVV	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.10%	4.47%	+11.63%
Volatility (6M) Calculated over the trailing 6-month period	39.97%	7.68%	+32.29%
Volatility (1Y) Calculated over the trailing 1-year period	52.57%	15.32%	+37.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.44%	14.74%	+46.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.44%	17.08%	+44.36%