FDIG vs. KCE

Last updated Jun 13, 2026

FDIG (Fidelity Crypto Industry and Digital Payments ETF) and KCE (SPDR S&P Capital Markets ETF) are both exchange-traded funds - FDIG is a Blockchain fund tracking the Fidelity Crypto Industry and Digital Payments Index, while KCE is a Financials Equities fund tracking the S&P Capital Markets Select Industry Index. Both are passively managed. Over the past 3 years, FDIG returned 40.49%/yr vs 24.58%/yr for KCE. A 0.65 correlation means they provide meaningful diversification when combined. FDIG charges 0.39%/yr vs 0.35%/yr for KCE.

Performance

FDIG vs. KCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Crypto Industry and Digital Payments ETF (FDIG) and SPDR S&P Capital Markets ETF (KCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDIG achieves a 14.80% return, which is significantly higher than KCE's 3.66% return.

FDIG

• 1D: 1.34%
• 1M: -1.47%
• YTD: 14.80%
• 6M: 4.43%
• 1Y: 38.77%
• 3Y*: 40.49%
• 5Y*: —
• 10Y*: —

KCE

• 1D: 1.60%
• 1M: 1.26%
• YTD: 3.66%
• 6M: 2.73%
• 1Y: 14.27%
• 3Y*: 24.58%
• 5Y*: 12.87%
• 10Y*: 17.65%

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

FDIG vs. KCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FDIG Fidelity Crypto Industry and Digital Payments ETF	14.80%	19.92%	18.41%	166.00%	-59.37%
KCE SPDR S&P Capital Markets ETF	3.66%	10.76%	37.51%	32.04%	-9.33%

Correlation

The correlation between FDIG and KCE is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022	0.65

The correlation between FDIG and KCE has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.

FDIG vs. KCE - Sectors Allocation Comparison

Sectors	FDIG	KCE
Financial Services	56.6%	98.5%
Technology	39.5%	1.5%
Industrials	1.7%	-
Communication Services	0.9%	-
Utilities	0.8%	-
Consumer Cyclical	0.5%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-

Return for Risk

FDIG vs. KCE — Risk / Return Rank

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

FDIG

FDIG Risk / Return Rank: 23
FDIG Sharpe Ratio Rank: 24
FDIG Sortino Ratio Rank: 27
FDIG Omega Ratio Rank: 25
FDIG Calmar Ratio Rank: 21
FDIG Martin Ratio Rank: 18

KCE

KCE Risk / Return Rank: 22
KCE Sharpe Ratio Rank: 23
KCE Sortino Ratio Rank: 22
KCE Omega Ratio Rank: 22
KCE Calmar Ratio Rank: 21
KCE Martin Ratio Rank: 20

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. KCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and SPDR S&P Capital Markets ETF (KCE). 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	KCE	Difference
Sharpe ratio: Return per unit of total volatility	0.77	0.71	+0.05
Sortino ratio: Return per unit of downside risk	1.32	1.08	+0.24
Omega ratio: Gain probability vs. loss probability	1.15	1.13	+0.02
Calmar ratio: Return relative to maximum drawdown	0.83	0.82	+0.01
Martin ratio: Return relative to average drawdown	1.59	2.14	-0.55

FDIG vs. KCE - Sharpe Ratio Comparison

The current FDIG Sharpe Ratio is 0.77, which is comparable to the KCE Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of FDIG and KCE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDIG vs. KCE - Drawdown Comparison

The maximum FDIG drawdown since its inception was -61.35%, smaller than the maximum KCE drawdown of -74.00%. Use the drawdown chart below to compare losses from any high point for FDIG and KCE.

Drawdown Indicators

	FDIG	KCE	Difference
Max Drawdown Largest peak-to-trough decline	-61.35%	-74.00%	+12.65%
Max Drawdown (1Y) Largest decline over 1 year	-46.69%	-17.44%	-29.25%
Max Drawdown (3Y) Largest decline over 3 years	-49.66%	-26.31%	-23.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.78%	—
Current Drawdown Current decline from peak	-23.97%	-3.75%	-20.22%
Average Drawdown Average peak-to-trough decline	-27.52%	-22.78%	-4.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.47%	6.70%	+17.77%

Volatility

FDIG vs. KCE - Volatility Comparison

Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 16.88% compared to SPDR S&P Capital Markets ETF (KCE) at 6.04%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than KCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIG	KCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.88%	6.04%	+10.84%
Volatility (6M) Calculated over the trailing 6-month period	37.91%	15.31%	+22.60%
Volatility (1Y) Calculated over the trailing 1-year period	50.86%	20.12%	+30.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.03%	23.08%	+37.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.03%	23.10%	+37.93%

FDIG vs. KCE - Expense Ratio Comparison

FDIG has a 0.39% expense ratio, which is higher than KCE's 0.35% expense ratio.

Dividends

FDIG vs. KCE - Dividend Comparison

FDIG's dividend yield for the trailing twelve months is around 1.07%, less than KCE's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.07%	1.14%	1.17%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KCE SPDR S&P Capital Markets ETF	1.67%	1.63%	1.56%	1.82%	2.42%	1.53%	2.20%	2.32%	2.67%	1.95%	2.30%	2.43%

Frequently Asked Questions

Can I hold both FDIG and KCE in my portfolio?

FDIG and KCE have a correlation of 0.61, 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 KCE?

FDIG has higher volatility (16.88%) compared to KCE (6.04%). In terms of maximum drawdown, FDIG dropped -61.35% vs KCE's -74.00%.

Which ETF is better, FDIG or KCE?

On 3-year performance, FDIG leads with 40.49% vs 24.58% for KCE. On fees, KCE is cheaper at 0.35% per year. On volatility, KCE has been the lower-risk option at 6.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIG or KCE?

Over the 3-year period, FDIG has performed better with a 40.49% return vs 24.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIG or KCE?

KCE is cheaper with a 0.35% expense ratio, compared with 0.39% for FDIG.

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

KCE has the higher dividend yield at 1.67%, compared with 1.07% for FDIG.

What is the main difference between FDIG and KCE?

FDIG is categorized as Blockchain, while KCE is Financials Equities. FDIG tracks Fidelity Crypto Industry and Digital Payments Index, while KCE tracks S&P Capital Markets Select Industry Index. They also come from different issuers: Fidelity and State Street. Their fees differ too: 0.39% for FDIG and 0.35% for KCE.

Which has better risk-adjusted returns?

FDIG currently has the higher Sharpe Ratio (0.77 vs 0.71), 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.