FDIG vs. FELC

Last updated Jun 4, 2026

FDIG (Fidelity Crypto Industry and Digital Payments ETF) and FELC (Fidelity Enhanced Large Cap Core ETF) are both exchange-traded funds - FDIG is a Blockchain fund tracking the Fidelity Crypto Industry and Digital Payments Index, while FELC is a Large Cap Growth Equities fund actively managed by Fidelity. FDIG is passively managed, while FELC is actively managed. Over the past year, FDIG returned 50.23% vs 28.58% for FELC. A 0.58 correlation means they provide meaningful diversification when combined. FDIG charges 0.39%/yr vs 0.18%/yr for FELC.

Performance

FDIG vs. FELC - 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 Enhanced Large Cap Core ETF (FELC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDIG achieves a 19.73% return, which is significantly higher than FELC's 11.23% return.

FDIG

• 1D: -2.69%
• 1M: 10.27%
• YTD: 19.73%
• 6M: 6.20%
• 1Y: 50.23%
• 3Y*: 40.44%
• 5Y*: —
• 10Y*: —

FELC

• 1D: -0.59%
• 1M: 5.59%
• YTD: 11.23%
• 6M: 11.57%
• 1Y: 28.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDIG vs. FELC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDIG Fidelity Crypto Industry and Digital Payments ETF	19.73%	19.92%	18.41%	54.77%
FELC Fidelity Enhanced Large Cap Core ETF	11.23%	17.09%	25.25%	5.68%

Correlation

The correlation between FDIG and FELC is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Nov 21, 2023	0.58

The correlation between FDIG and FELC has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.

FDIG vs. FELC - Sectors Allocation Comparison

Sectors	FDIG	FELC
Financial Services	56.6%	12.2%
Technology	39.5%	38.2%
Industrials	1.7%	9.6%
Communication Services	0.9%	12.4%
Utilities	0.8%	1.3%
Consumer Cyclical	0.5%	9.8%
Basic Materials	-	1.5%
Consumer Defensive	-	2.8%
Energy	-	3.7%
Healthcare	-	7.4%
Real Estate	-	1.0%

Return for Risk

FDIG vs. FELC — Risk / Return Rank

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

FDIG

FDIG Risk / Return Rank: 25
FDIG Sharpe Ratio Rank: 28
FDIG Sortino Ratio Rank: 29
FDIG Omega Ratio Rank: 27
FDIG Calmar Ratio Rank: 23
FDIG Martin Ratio Rank: 19

FELC

FELC Risk / Return Rank: 70
FELC Sharpe Ratio Rank: 72
FELC Sortino Ratio Rank: 71
FELC Omega Ratio Rank: 71
FELC Calmar Ratio Rank: 63
FELC Martin Ratio Rank: 75

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. FELC - 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 Enhanced Large Cap Core ETF (FELC). 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	FELC	Difference
Sharpe ratio: Return per unit of total volatility	1.02	2.41	-1.39
Sortino ratio: Return per unit of downside risk	1.59	3.29	-1.70
Omega ratio: Gain probability vs. loss probability	1.18	1.44	-0.25
Calmar ratio: Return relative to maximum drawdown	1.08	3.16	-2.08
Martin ratio: Return relative to average drawdown	2.09	14.66	-12.57
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. FELC - Sharpe Ratio Comparison

The current FDIG Sharpe Ratio is 1.02, which is lower than the FELC Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of FDIG and FELC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDIG	FELC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	2.41	-1.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.59	-1.30

Drawdowns

FDIG vs. FELC - Drawdown Comparison

The maximum FDIG drawdown since its inception was -58.32%, which is greater than FELC's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FDIG and FELC.

Drawdown Indicators

	FDIG	FELC	Difference
Max Drawdown Largest peak-to-trough decline	-58.32%	-18.59%	-39.73%
Max Drawdown (1Y) Largest decline over 1 year	-46.69%	-9.09%	-37.60%
Max Drawdown (3Y) Largest decline over 3 years	-49.66%	—	—
Current Drawdown Current decline from peak	-20.70%	-0.59%	-20.11%
Average Drawdown Average peak-to-trough decline	-26.16%	-1.91%	-24.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.11%	1.95%	+22.16%

Volatility

FDIG vs. FELC - Volatility Comparison

Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 12.92% compared to Fidelity Enhanced Large Cap Core ETF (FELC) at 2.78%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than FELC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIG	FELC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.92%	2.78%	+10.14%
Volatility (6M) Calculated over the trailing 6-month period	35.95%	8.93%	+27.02%
Volatility (1Y) Calculated over the trailing 1-year period	49.60%	11.90%	+37.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.81%	15.17%	+45.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.81%	15.17%	+45.64%

FDIG vs. FELC - Expense Ratio Comparison

FDIG has a 0.39% expense ratio, which is higher than FELC's 0.18% expense ratio.

Dividends

FDIG vs. FELC - Dividend Comparison

FDIG's dividend yield for the trailing twelve months is around 1.03%, more than FELC's 0.85% yield.

Position	TTM	2025	2024	2023
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.03%	1.14%	1.17%	0.18%
FELC Fidelity Enhanced Large Cap Core ETF	0.85%	0.92%	1.03%	0.04%

Frequently Asked Questions

Can I hold both FDIG and FELC in my portfolio?

FDIG and FELC have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDIG or FELC?

FDIG has higher volatility (12.92%) compared to FELC (2.78%). In terms of maximum drawdown, FDIG dropped -58.32% vs FELC's -18.59%.

Which ETF is better, FDIG or FELC?

On 1-year performance, FDIG leads with 50.23% vs 28.58% for FELC. On fees, FELC is cheaper at 0.18% per year. On volatility, FELC has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIG or FELC?

Over the 1-year period, FDIG has performed better with a 50.23% return vs 28.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIG or FELC?

FELC is cheaper with a 0.18% expense ratio, compared with 0.39% for FDIG.

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

FDIG has the higher dividend yield at 1.03%, compared with 0.85% for FELC.

What is the main difference between FDIG and FELC?

FDIG is categorized as Blockchain, while FELC is Large Cap Growth Equities. Their fees differ too: 0.39% for FDIG and 0.18% for FELC.

Which has better risk-adjusted returns?

FELC currently has the higher Sharpe Ratio (2.41 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.