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 21.47% vs -43.69% for IBIT. Their 0.70 correlation means they have sometimes moved together and sometimes differently. 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 9.43% return, which is significantly higher than IBIT's -27.17% return.
FDIG
- 1D
- 2.55%
- 1M
- 0.77%
- 6M
- 8.83%
- YTD
- 9.43%
- 1Y
- 21.47%
- 3Y*
- 26.34%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.86%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.06M | $1.10M | $1.89M | |
| $1.33B | $1.34B | $1.65B |
FDIG vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 9.43% | 19.92% | 22.89% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between FDIG and IBIT is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 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.
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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.84 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.46 | -0.82 | +1.28 |
| Martin ratioReturn relative to average drawdown | 0.82 | -1.26 | +2.08 |
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Drawdowns
FDIG vs. IBIT - Drawdown Comparison
The maximum FDIG drawdown since its inception was -61.35%, which is greater than IBIT's maximum drawdown of -53.30%. 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 | -61.35% | -53.30% | -8.05% |
Max Drawdown (1Y)Largest decline over 1 year | -46.69% | -53.30% | +6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -49.66% | — | — |
Current DrawdownCurrent decline from peak | -27.52% | -49.28% | +21.76% |
Average DrawdownAverage peak-to-trough decline | -27.49% | -18.29% | -9.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.28% | 34.80% | -8.52% |
Volatility
FDIG vs. IBIT - Volatility Comparison
Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 14.36% compared to iShares Bitcoin Trust ETF (IBIT) at 8.98%. 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 | 14.36% | 8.98% | +5.38% |
Volatility (6M)Calculated over the trailing 6-month period | 37.13% | 33.79% | +3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.07% | 44.48% | +6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.57% | 49.57% | +11.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.57% | 49.57% | +11.00% |
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 1.49%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 1.49% | 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 (14.36%) compared to IBIT (8.98%). In terms of maximum drawdown, FDIG dropped -61.35% vs IBIT's -53.30%.
On 1-year performance, FDIG leads with 21.47% vs -43.69% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 8.98%. 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 21.47% return vs -43.69%. 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 1.49%, 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 (0.42 vs -0.99), 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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