FDIG vs. IBIT
FDIG (Fidelity Crypto Industry and Digital Payments ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - FDIG is a Blockchain fund tracking the Fidelity Crypto Industry and Digital Payments Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, FDIG returned 50.23% vs -38.74% for IBIT. A 0.70 correlation means they provide meaningful diversification when combined. FDIG charges 0.39%/yr vs 0.25%/yr for IBIT.
Performance
FDIG vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, FDIG achieves a 19.73% return, which is significantly higher than IBIT's -25.48% return.
FDIG
- 1D
- -2.69%
- 1M
- 10.27%
- YTD
- 19.73%
- 6M
- 6.20%
- 1Y
- 50.23%
- 3Y*
- 40.44%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDIG vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 19.73% | 19.92% | 31.34% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between FDIG and IBIT is 0.69, 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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.70 |
The correlation between FDIG and IBIT has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.
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Return for Risk
FDIG vs. IBIT — Risk / Return Rank
FDIG
IBIT
FDIG vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.86 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | -0.79 | +1.87 |
| Martin ratioReturn relative to average drawdown | 2.09 | -1.36 | +3.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDIG | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | -0.89 | +1.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.30 | 0.00 |
Drawdowns
FDIG vs. IBIT - Drawdown Comparison
The maximum FDIG drawdown since its inception was -58.32%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for FDIG and IBIT.
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Drawdown Indicators
| FDIG | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.32% | -49.36% | -8.96% |
Max Drawdown (1Y)Largest decline over 1 year | -46.69% | -49.36% | +2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -49.66% | — | — |
Current DrawdownCurrent decline from peak | -20.70% | -48.10% | +27.40% |
Average DrawdownAverage peak-to-trough decline | -26.16% | -16.02% | -10.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.11% | 28.44% | -4.33% |
Volatility
FDIG vs. IBIT - Volatility Comparison
Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 12.92% compared to iShares Bitcoin Trust ETF (IBIT) at 9.50%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIG | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.92% | 9.50% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 35.95% | 34.44% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.60% | 43.73% | +5.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.81% | 50.19% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.81% | 50.19% | +10.62% |
FDIG vs. IBIT - Expense Ratio Comparison
FDIG has a 0.39% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
FDIG vs. IBIT - Dividend Comparison
FDIG's dividend yield for the trailing twelve months is around 1.03%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 1.03% | 1.14% | 1.17% | 0.18% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDIG and IBIT have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDIG has higher volatility (12.92%) compared to IBIT (9.50%). In terms of maximum drawdown, FDIG dropped -58.32% vs IBIT's -49.36%.
On 1-year performance, FDIG leads with 50.23% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 9.50%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FDIG has performed better with a 50.23% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.39% for FDIG.
FDIG has the higher dividend yield at 1.03%, compared with 0.00% for IBIT.
FDIG is categorized as Blockchain, while IBIT is Cryptocurrency. FDIG tracks Fidelity Crypto Industry and Digital Payments Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.39% for FDIG and 0.25% for IBIT.
FDIG currently has the higher Sharpe Ratio (1.02 vs -0.89), 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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