FDIG vs. STCE

Last updated Jun 4, 2026

FDIG (Fidelity Crypto Industry and Digital Payments ETF) and STCE (Schwab Crypto Thematic ETF) are both Blockchain funds - FDIG tracks the Fidelity Crypto Industry and Digital Payments Index while STCE tracks the Schwab Crypto Thematic Index. Both are passively managed. Over the past 3 years, FDIG returned 40.44%/yr vs 58.04%/yr for STCE. With a 0.96 correlation, they move nearly in lockstep. FDIG charges 0.39%/yr vs 0.30%/yr for STCE.

Performance

FDIG vs. STCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Schwab Crypto Thematic ETF (STCE). 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 STCE's 32.00% return.

FDIG

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

STCE

• 1D: -1.96%
• 1M: 16.12%
• YTD: 32.00%
• 6M: 10.29%
• 1Y: 84.98%
• 3Y*: 58.04%
• 5Y*: —
• 10Y*: —

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

FDIG vs. STCE - 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%	-43.02%
STCE Schwab Crypto Thematic ETF	32.00%	36.12%	41.76%	108.65%	-38.86%

Correlation

The correlation between FDIG and STCE is 0.97 - 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	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Aug 5, 2022	0.96

The correlation between FDIG and STCE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

FDIG vs. STCE - Sectors Allocation Comparison

Sectors	FDIG	STCE
Financial Services	56.6%	62.9%
Technology	39.5%	30.9%
Industrials	1.7%	-
Communication Services	0.9%	6.2%
Utilities	0.8%	-
Consumer Cyclical	0.5%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Healthcare	-	-
Real Estate	-	-

Return for Risk

FDIG vs. STCE — 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

STCE

STCE Risk / Return Rank: 33
STCE Sharpe Ratio Rank: 38
STCE Sortino Ratio Rank: 38
STCE Omega Ratio Rank: 34
STCE Calmar Ratio Rank: 32
STCE Martin Ratio Rank: 22

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. STCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Schwab Crypto Thematic ETF (STCE). 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	STCE	Difference
Sharpe ratio: Return per unit of total volatility	1.02	1.40	-0.38
Sortino ratio: Return per unit of downside risk	1.59	1.99	-0.39
Omega ratio: Gain probability vs. loss probability	1.18	1.24	-0.05
Calmar ratio: Return relative to maximum drawdown	1.08	1.58	-0.50
Martin ratio: Return relative to average drawdown	2.09	2.85	-0.76
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. STCE - Sharpe Ratio Comparison

The current FDIG Sharpe Ratio is 1.02, which is comparable to the STCE Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of FDIG and STCE, 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	STCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	1.40	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.65	-0.35

Drawdowns

FDIG vs. STCE - Drawdown Comparison

The maximum FDIG drawdown since its inception was -58.32%, which is greater than STCE's maximum drawdown of -54.11%. Use the drawdown chart below to compare losses from any high point for FDIG and STCE.

Drawdown Indicators

	FDIG	STCE	Difference
Max Drawdown Largest peak-to-trough decline	-58.32%	-54.11%	-4.21%
Max Drawdown (1Y) Largest decline over 1 year	-46.69%	-54.11%	+7.42%
Max Drawdown (3Y) Largest decline over 3 years	-49.66%	-54.11%	+4.45%
Current Drawdown Current decline from peak	-20.70%	-25.63%	+4.93%
Average Drawdown Average peak-to-trough decline	-26.16%	-21.98%	-4.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.11%	29.87%	-5.76%

Volatility

FDIG vs. STCE - Volatility Comparison

The current volatility for Fidelity Crypto Industry and Digital Payments ETF (FDIG) is 12.92%, while Schwab Crypto Thematic ETF (STCE) has a volatility of 14.89%. This indicates that FDIG experiences smaller price fluctuations and is considered to be less risky than STCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIG	STCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.92%	14.89%	-1.97%
Volatility (6M) Calculated over the trailing 6-month period	35.95%	42.80%	-6.85%
Volatility (1Y) Calculated over the trailing 1-year period	49.60%	61.14%	-11.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.81%	55.86%	+4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.81%	55.86%	+4.95%

FDIG vs. STCE - Expense Ratio Comparison

FDIG has a 0.39% expense ratio, which is higher than STCE's 0.30% expense ratio.

Dividends

FDIG vs. STCE - Dividend Comparison

FDIG's dividend yield for the trailing twelve months is around 1.03%, less than STCE's 1.49% yield.

Position	TTM	2025	2024	2023	2022
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.03%	1.14%	1.17%	0.18%	0.00%
STCE Schwab Crypto Thematic ETF	1.49%	1.96%	0.64%	0.31%	1.46%

Frequently Asked Questions

Can I hold both FDIG and STCE in my portfolio?

With a correlation of 0.97, FDIG and STCE 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 STCE?

STCE has higher volatility (14.89%) compared to FDIG (12.92%). In terms of maximum drawdown, FDIG dropped -58.32% vs STCE's -54.11%.

Which ETF is better, FDIG or STCE?

On 3-year performance, STCE leads with 58.04% vs 40.44% for FDIG. On fees, STCE is cheaper at 0.30% per year. On volatility, FDIG has been the lower-risk option at 12.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIG or STCE?

Over the 3-year period, STCE has performed better with a 58.04% return vs 40.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIG or STCE?

STCE is cheaper with a 0.30% expense ratio, compared with 0.39% for FDIG.

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

STCE has the higher dividend yield at 1.49%, compared with 1.03% for FDIG.

What is the main difference between FDIG and STCE?

FDIG tracks Fidelity Crypto Industry and Digital Payments Index, while STCE tracks Schwab Crypto Thematic Index. They also come from different issuers: Fidelity and Charles Schwab. Their fees differ too: 0.39% for FDIG and 0.30% for STCE.

Which has better risk-adjusted returns?

STCE currently has the higher Sharpe Ratio (1.40 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.