FDIG vs. GBTC
Compare and contrast key facts about Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Grayscale Bitcoin Trust (BTC) (GBTC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDIG or GBTC.
Key characteristics
| FDIG | GBTC | |
|---|---|---|
| YTD Return | 47.08% | 99.94% |
| 1Y Return | 145.40% | 130.94% |
| Sharpe Ratio | 2.20 | 2.32 |
| Sortino Ratio | 2.81 | 2.80 |
| Omega Ratio | 1.32 | 1.33 |
| Calmar Ratio | 3.80 | 2.67 |
| Martin Ratio | 7.61 | 8.92 |
| Ulcer Index | 19.20% | 15.46% |
| Daily Std Dev | 66.69% | 59.41% |
| Max Drawdown | -58.32% | -89.91% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FDIG and GBTC is 0.70, 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.
Performance
FDIG vs. GBTC - Performance Comparison
In the year-to-date period, FDIG achieves a 47.08% return, which is significantly lower than GBTC's 99.94% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FDIG vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Grayscale Bitcoin Trust (BTC) (GBTC). 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.
Dividends
FDIG vs. GBTC - Dividend Comparison
FDIG's dividend yield for the trailing twelve months is around 0.12%, while GBTC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 0.12% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
Drawdowns
FDIG vs. GBTC - Drawdown Comparison
The maximum FDIG drawdown since its inception was -58.32%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for FDIG and GBTC. For additional features, visit the drawdowns tool.
Volatility
FDIG vs. GBTC - Volatility Comparison
Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 23.98% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 17.94%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.