FDIG vs. LEGR

Last updated Jun 4, 2026

FDIG (Fidelity Crypto Industry and Digital Payments ETF) and LEGR (First Trust Indxx Innovative Transaction & Process ETF) are both Blockchain funds - FDIG tracks the Fidelity Crypto Industry and Digital Payments Index while LEGR tracks the Indxx Blockchain Index. Both are passively managed. Over the past 3 years, FDIG returned 40.44%/yr vs 23.83%/yr for LEGR. A 0.58 correlation means they provide meaningful diversification when combined. FDIG charges 0.39%/yr vs 0.65%/yr for LEGR.

Performance

FDIG vs. LEGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Crypto Industry and Digital Payments ETF (FDIG) and First Trust Indxx Innovative Transaction & Process ETF (LEGR). 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 LEGR's 12.39% return.

FDIG

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

LEGR

• 1D: -1.50%
• 1M: 7.23%
• YTD: 12.39%
• 6M: 15.64%
• 1Y: 30.64%
• 3Y*: 23.83%
• 5Y*: 11.82%
• 10Y*: —

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

FDIG vs. LEGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FDIG Fidelity Crypto Industry and Digital Payments ETF	19.73%	19.92%	18.41%	166.00%	-56.18%
LEGR First Trust Indxx Innovative Transaction & Process ETF	12.39%	30.83%	16.25%	22.79%	-8.43%

Correlation

The correlation between FDIG and LEGR 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	0.53
Correlation (All Time) Calculated using the full available price history since Apr 22, 2022	0.58

The correlation between FDIG and LEGR has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.

FDIG vs. LEGR - Sectors Allocation Comparison

Sectors	FDIG	LEGR
Financial Services	56.6%	42.5%
Technology	39.5%	27.3%
Industrials	1.7%	5.6%
Communication Services	0.9%	8.9%
Utilities	0.8%	2.1%
Consumer Cyclical	0.5%	8.5%
Basic Materials	-	1.6%
Consumer Defensive	-	1.4%
Energy	-	0.8%
Healthcare	-	1.3%
Real Estate	-	-

Return for Risk

FDIG vs. LEGR — 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

LEGR

LEGR Risk / Return Rank: 64
LEGR Sharpe Ratio Rank: 68
LEGR Sortino Ratio Rank: 67
LEGR Omega Ratio Rank: 65
LEGR Calmar Ratio Rank: 59
LEGR Martin Ratio Rank: 62

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. LEGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and First Trust Indxx Innovative Transaction & Process ETF (LEGR). 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	LEGR	Difference
Sharpe ratio: Return per unit of total volatility	1.02	2.26	-1.24
Sortino ratio: Return per unit of downside risk	1.59	3.10	-1.51
Omega ratio: Gain probability vs. loss probability	1.18	1.40	-0.21
Calmar ratio: Return relative to maximum drawdown	1.08	2.96	-1.88
Martin ratio: Return relative to average drawdown	2.09	11.21	-9.12
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. LEGR - Sharpe Ratio Comparison

The current FDIG Sharpe Ratio is 1.02, which is lower than the LEGR Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of FDIG and LEGR, 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	LEGR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	2.26	-1.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.60	-0.30

Drawdowns

FDIG vs. LEGR - Drawdown Comparison

The maximum FDIG drawdown since its inception was -58.32%, which is greater than LEGR's maximum drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for FDIG and LEGR.

Drawdown Indicators

	FDIG	LEGR	Difference
Max Drawdown Largest peak-to-trough decline	-58.32%	-36.12%	-22.20%
Max Drawdown (1Y) Largest decline over 1 year	-46.69%	-10.40%	-36.29%
Max Drawdown (3Y) Largest decline over 3 years	-49.66%	-14.25%	-35.41%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.45%	—
Current Drawdown Current decline from peak	-20.70%	-1.50%	-19.20%
Average Drawdown Average peak-to-trough decline	-26.16%	-6.61%	-19.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.11%	2.74%	+21.37%

Volatility

FDIG vs. LEGR - Volatility Comparison

Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 12.92% compared to First Trust Indxx Innovative Transaction & Process ETF (LEGR) at 4.93%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than LEGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIG	LEGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.92%	4.93%	+7.99%
Volatility (6M) Calculated over the trailing 6-month period	35.95%	11.22%	+24.73%
Volatility (1Y) Calculated over the trailing 1-year period	49.60%	13.62%	+35.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.81%	16.96%	+43.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.81%	20.31%	+40.50%

FDIG vs. LEGR - Expense Ratio Comparison

FDIG has a 0.39% expense ratio, which is lower than LEGR's 0.65% expense ratio.

Dividends

FDIG vs. LEGR - Dividend Comparison

FDIG's dividend yield for the trailing twelve months is around 1.03%, less than LEGR's 1.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.03%	1.14%	1.17%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%
LEGR First Trust Indxx Innovative Transaction & Process ETF	1.67%	1.84%	2.40%	2.56%	2.64%	1.80%	0.95%	2.04%	1.30%

Frequently Asked Questions

Can I hold both FDIG and LEGR in my portfolio?

FDIG and LEGR 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 LEGR?

FDIG has higher volatility (12.92%) compared to LEGR (4.93%). In terms of maximum drawdown, FDIG dropped -58.32% vs LEGR's -36.12%.

Which ETF is better, FDIG or LEGR?

On 3-year performance, FDIG leads with 40.44% vs 23.83% for LEGR. On fees, FDIG is cheaper at 0.39% per year. On volatility, LEGR has been the lower-risk option at 4.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIG or LEGR?

Over the 3-year period, FDIG has performed better with a 40.44% return vs 23.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIG or LEGR?

FDIG is cheaper with a 0.39% expense ratio, compared with 0.65% for LEGR.

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

LEGR has the higher dividend yield at 1.67%, compared with 1.03% for FDIG.

What is the main difference between FDIG and LEGR?

FDIG tracks Fidelity Crypto Industry and Digital Payments Index, while LEGR tracks Indxx Blockchain Index. They also come from different issuers: Fidelity and First Trust. Their fees differ too: 0.39% for FDIG and 0.65% for LEGR.

Which has better risk-adjusted returns?

LEGR currently has the higher Sharpe Ratio (2.26 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.