FDIG vs. QQQ
Compare and contrast key facts about Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Invesco QQQ (QQQ).
FDIG and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDIG is a passively managed fund by Fidelity that tracks the performance of the Fidelity Crypto Industry and Digital Payments Index. It was launched on Apr 19, 2022. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both FDIG and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDIG or QQQ.
Key characteristics
| FDIG | QQQ | |
|---|---|---|
| YTD Return | 45.39% | 25.79% |
| 1Y Return | 150.08% | 36.91% |
| Sharpe Ratio | 2.14 | 2.11 |
| Sortino Ratio | 2.77 | 2.78 |
| Omega Ratio | 1.32 | 1.38 |
| Calmar Ratio | 3.71 | 2.69 |
| Martin Ratio | 7.43 | 9.81 |
| Ulcer Index | 19.20% | 3.72% |
| Daily Std Dev | 66.57% | 17.32% |
| Max Drawdown | -58.32% | -82.98% |
| Current Drawdown | -1.15% | -0.24% |
Correlation
The correlation between FDIG and QQQ is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDIG vs. QQQ - Performance Comparison
In the year-to-date period, FDIG achieves a 45.39% return, which is significantly higher than QQQ's 25.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDIG vs. QQQ - Expense Ratio Comparison
FDIG has a 0.39% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FDIG vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Invesco QQQ (QQQ). 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.
Dividends
FDIG vs. QQQ - Dividend Comparison
FDIG's dividend yield for the trailing twelve months is around 0.13%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 0.13% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
FDIG vs. QQQ - Drawdown Comparison
The maximum FDIG drawdown since its inception was -58.32%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FDIG and QQQ. For additional features, visit the drawdowns tool.
Volatility
FDIG vs. QQQ - Volatility Comparison
Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 24.04% compared to Invesco QQQ (QQQ) at 5.14%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.