FDIG vs. NODE

Last updated Jun 4, 2026

FDIG (Fidelity Crypto Industry and Digital Payments ETF) and NODE (VanEck Onchain Economy ETF) are both Blockchain funds. FDIG is passively managed, while NODE is actively managed. Over the past year, FDIG returned 50.23% vs 71.73% for NODE. Their correlation of 0.95 suggests significant overlap in exposure. FDIG charges 0.39%/yr vs 0.69%/yr for NODE.

Performance

FDIG vs. NODE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Crypto Industry and Digital Payments ETF (FDIG) and VanEck Onchain Economy ETF (NODE). 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 lower than NODE's 33.28% return.

FDIG

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

NODE

• 1D: -1.79%
• 1M: 10.04%
• YTD: 33.28%
• 6M: 21.22%
• 1Y: 71.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDIG vs. NODE - Yearly Performance Comparison

	2026 (YTD)	2025
FDIG Fidelity Crypto Industry and Digital Payments ETF	19.73%	28.50%
NODE VanEck Onchain Economy ETF	33.28%	32.44%

Correlation

The correlation between FDIG and NODE is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (All Time) Calculated using the full available price history since May 15, 2025	0.95

The correlation between FDIG and NODE has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.

Return for Risk

FDIG vs. NODE — 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

NODE

NODE Risk / Return Rank: 41
NODE Sharpe Ratio Rank: 46
NODE Sortino Ratio Rank: 43
NODE Omega Ratio Rank: 41
NODE Calmar Ratio Rank: 42
NODE Martin Ratio Rank: 31

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. NODE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and VanEck Onchain Economy ETF (NODE). 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	NODE	Difference
Sharpe ratio: Return per unit of total volatility	1.02	1.59	-0.57
Sortino ratio: Return per unit of downside risk	1.59	2.12	-0.53
Omega ratio: Gain probability vs. loss probability	1.18	1.26	-0.08
Calmar ratio: Return relative to maximum drawdown	1.08	2.04	-0.96
Martin ratio: Return relative to average drawdown	2.09	4.50	-2.41
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. NODE - Sharpe Ratio Comparison

The current FDIG Sharpe Ratio is 1.02, which is lower than the NODE Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FDIG and NODE, 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	NODE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	1.59	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.62	-1.32

Drawdowns

FDIG vs. NODE - Drawdown Comparison

The maximum FDIG drawdown since its inception was -58.32%, which is greater than NODE's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for FDIG and NODE.

Drawdown Indicators

	FDIG	NODE	Difference
Max Drawdown Largest peak-to-trough decline	-58.32%	-35.35%	-22.97%
Max Drawdown (1Y) Largest decline over 1 year	-46.69%	-35.35%	-11.34%
Max Drawdown (3Y) Largest decline over 3 years	-49.66%	—	—
Current Drawdown Current decline from peak	-20.70%	-2.42%	-18.28%
Average Drawdown Average peak-to-trough decline	-26.16%	-11.30%	-14.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.11%	16.00%	+8.11%

Volatility

FDIG vs. NODE - Volatility Comparison

Fidelity Crypto Industry and Digital Payments ETF (FDIG) and VanEck Onchain Economy ETF (NODE) have volatilities of 12.92% and 12.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIG	NODE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.92%	12.39%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	35.95%	34.83%	+1.12%
Volatility (1Y) Calculated over the trailing 1-year period	49.60%	45.44%	+4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.81%	44.59%	+16.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.81%	44.59%	+16.22%

FDIG vs. NODE - Expense Ratio Comparison

FDIG has a 0.39% expense ratio, which is lower than NODE's 0.69% expense ratio.

Dividends

FDIG vs. NODE - Dividend Comparison

FDIG's dividend yield for the trailing twelve months is around 1.03%, more than NODE's 0.84% yield.

Position	TTM	2025	2024	2023
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.03%	1.14%	1.17%	0.18%
NODE VanEck Onchain Economy ETF	0.84%	1.12%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDIG and NODE in my portfolio?

With a correlation of 0.95, FDIG and NODE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FDIG or NODE?

FDIG has higher volatility (12.92%) compared to NODE (12.39%). In terms of maximum drawdown, FDIG dropped -58.32% vs NODE's -35.35%.

Which ETF is better, FDIG or NODE?

On 1-year performance, NODE leads with 71.73% vs 50.23% for FDIG. On fees, FDIG is cheaper at 0.39% per year. On volatility, NODE has been the lower-risk option at 12.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIG or NODE?

Over the 1-year period, NODE has performed better with a 71.73% return vs 50.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIG or NODE?

FDIG is cheaper with a 0.39% expense ratio, compared with 0.69% for NODE.

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

FDIG has the higher dividend yield at 1.03%, compared with 0.84% for NODE.

What is the main difference between FDIG and NODE?

They also come from different issuers: Fidelity and VanEck. Their fees differ too: 0.39% for FDIG and 0.69% for NODE.

Which has better risk-adjusted returns?

NODE currently has the higher Sharpe Ratio (1.59 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.