FDIG vs. SATO
FDIG (Fidelity Crypto Industry and Digital Payments ETF) and SATO (Invesco Alerian Galaxy Crypto Economy ETF) are both exchange-traded funds - FDIG is a Blockchain fund tracking the Fidelity Crypto Industry and Digital Payments Index, while SATO is a Cryptocurrency fund tracking the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. Both are passively managed. Over the past 3 years, FDIG returned 34.92%/yr vs 35.31%/yr for SATO. Their correlation of 0.95 suggests significant overlap in exposure. FDIG charges 0.39%/yr vs 0.60%/yr for SATO.
Performance
FDIG vs. SATO - Performance Comparison
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Returns By Period
In the year-to-date period, FDIG achieves a 13.52% return, which is significantly higher than SATO's -5.08% return.
FDIG
- 1D
- -3.39%
- 1M
- -2.75%
- YTD
- 13.52%
- 6M
- 7.36%
- 1Y
- 31.51%
- 3Y*
- 34.92%
- 5Y*
- —
- 10Y*
- —
SATO
- 1D
- -5.17%
- 1M
- -10.62%
- YTD
- -5.08%
- 6M
- -10.21%
- 1Y
- -1.45%
- 3Y*
- 35.31%
- 5Y*
- —
- 10Y*
- —
FDIG vs. SATO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 13.52% | 19.92% | 18.41% | 166.00% | -59.37% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | -5.08% | 2.26% | 55.25% | 266.77% | -72.82% |
Correlation
The correlation between FDIG and SATO is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2022 | 0.95 |
The correlation between FDIG and SATO has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.
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Return for Risk
FDIG vs. SATO — Risk / Return Rank
FDIG
SATO
FDIG vs. SATO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Invesco Alerian Galaxy Crypto Economy ETF (SATO). 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 | SATO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.04 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | -0.03 | +0.71 |
| Martin ratioReturn relative to average drawdown | 1.28 | -0.05 | +1.32 |
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Drawdowns
FDIG vs. SATO - Drawdown Comparison
The maximum FDIG drawdown since its inception was -61.35%, smaller than the maximum SATO drawdown of -88.00%. Use the drawdown chart below to compare losses from any high point for FDIG and SATO.
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Drawdown Indicators
| FDIG | SATO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.35% | -88.00% | +26.65% |
Max Drawdown (1Y)Largest decline over 1 year | -46.69% | -53.49% | +6.80% |
Max Drawdown (3Y)Largest decline over 3 years | -49.66% | -53.49% | +3.83% |
Current DrawdownCurrent decline from peak | -24.82% | -41.84% | +17.02% |
Average DrawdownAverage peak-to-trough decline | -27.48% | -50.82% | +23.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.74% | 30.56% | -5.82% |
Volatility
FDIG vs. SATO - Volatility Comparison
Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 16.04% compared to Invesco Alerian Galaxy Crypto Economy ETF (SATO) at 14.40%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than SATO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDIG | SATO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.04% | 14.40% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 36.85% | 38.67% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.78% | 52.36% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.91% | 63.18% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.91% | 63.18% | -2.27% |
FDIG vs. SATO - Expense Ratio Comparison
FDIG has a 0.39% expense ratio, which is lower than SATO's 0.60% expense ratio.
Dividends
FDIG vs. SATO - Dividend Comparison
FDIG's dividend yield for the trailing twelve months is around 1.44%, less than SATO's 7.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 1.44% | 1.14% | 1.17% | 0.18% | 0.00% | 0.00% |
SATO Invesco Alerian Galaxy Crypto Economy ETF | 7.07% | 9.50% | 15.03% | 2.21% | 8.97% | 0.73% |
Frequently Asked Questions
With a correlation of 0.94, FDIG and SATO 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.
FDIG has higher volatility (16.04%) compared to SATO (14.40%). In terms of maximum drawdown, FDIG dropped -61.35% vs SATO's -88.00%.
On 3-year performance, SATO leads with 35.31% vs 34.92% for FDIG. On fees, FDIG is cheaper at 0.39% per year. On volatility, SATO has been the lower-risk option at 14.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SATO has performed better with a 35.31% return vs 34.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDIG is cheaper with a 0.39% expense ratio, compared with 0.60% for SATO.
SATO has the higher dividend yield at 7.07%, compared with 1.44% for FDIG.
FDIG is categorized as Blockchain, while SATO is Cryptocurrency. FDIG tracks Fidelity Crypto Industry and Digital Payments Index, while SATO tracks Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index. They also come from different issuers: Fidelity and Invesco. Their fees differ too: 0.39% for FDIG and 0.60% for SATO.
FDIG currently has the higher Sharpe Ratio (0.63 vs -0.03), 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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