FDIG vs. STKE

Last updated Jun 4, 2026

FDIG (Fidelity Crypto Industry and Digital Payments ETF) is Blockchain fund tracking the Fidelity Crypto Industry and Digital Payments Index, while STKE (Sol Strategies Inc) is a stock. Over the past 3 years, FDIG returned 40.44%/yr vs 64.30%/yr for STKE. At a 0.23 correlation, their price movements are largely independent.

Performance

FDIG vs. STKE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Sol Strategies Inc (STKE). 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 STKE's -13.73% return.

FDIG

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

STKE

• 1D: -0.75%
• 1M: -13.16%
• YTD: -13.73%
• 6M: -50.19%
• 1Y: -92.29%
• 3Y*: 64.30%
• 5Y*: 3.67%
• 10Y*: -12.87%

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

FDIG vs. STKE - 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%
STKE Sol Strategies Inc	-13.73%	-90.81%	2,483.85%	61.00%	-52.38%

Correlation

The correlation between FDIG and STKE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (All Time) Calculated using the full available price history since Apr 22, 2022	0.23

Over the past year, FDIG and STKE have become more correlated (0.46) than their long-term average of 0.23, meaning their price movements have been converging.

Return for Risk

FDIG vs. STKE — 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

STKE

STKE Risk / Return Rank: 7
STKE Sharpe Ratio Rank: 11
STKE Sortino Ratio Rank: 2
STKE Omega Ratio Rank: 5
STKE Calmar Ratio Rank: 2
STKE Martin Ratio Rank: 15

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. STKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Sol Strategies Inc (STKE). 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	STKE	Difference
Sharpe ratio: Return per unit of total volatility	1.02	-0.73	+1.75
Sortino ratio: Return per unit of downside risk	1.59	-2.02	+3.61
Omega ratio: Gain probability vs. loss probability	1.18	0.80	+0.39
Calmar ratio: Return relative to maximum drawdown	1.08	-0.98	+2.06
Martin ratio: Return relative to average drawdown	2.09	-1.20	+3.29
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. STKE - Sharpe Ratio Comparison

The current FDIG Sharpe Ratio is 1.02, which is higher than the STKE Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of FDIG and STKE, 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	STKE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	-0.73	+1.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.02	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	-0.02	+0.32

Drawdowns

FDIG vs. STKE - Drawdown Comparison

The maximum FDIG drawdown since its inception was -58.32%, smaller than the maximum STKE drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for FDIG and STKE.

Drawdown Indicators

	FDIG	STKE	Difference
Max Drawdown Largest peak-to-trough decline	-58.32%	-99.85%	+41.53%
Max Drawdown (1Y) Largest decline over 1 year	-46.69%	-94.60%	+47.91%
Max Drawdown (3Y) Largest decline over 3 years	-49.66%	-97.38%	+47.72%
Max Drawdown (5Y) Largest decline over 5 years	—	-97.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-98.49%	—
Current Drawdown Current decline from peak	-20.70%	-96.41%	+75.71%
Average Drawdown Average peak-to-trough decline	-26.16%	-89.15%	+62.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.11%	77.46%	-53.35%

Volatility

FDIG vs. STKE - Volatility Comparison

The current volatility for Fidelity Crypto Industry and Digital Payments ETF (FDIG) is 12.92%, while Sol Strategies Inc (STKE) has a volatility of 36.77%. This indicates that FDIG experiences smaller price fluctuations and is considered to be less risky than STKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIG	STKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.92%	36.77%	-23.85%
Volatility (6M) Calculated over the trailing 6-month period	35.95%	79.30%	-43.35%
Volatility (1Y) Calculated over the trailing 1-year period	49.60%	126.53%	-76.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.81%	209.12%	-148.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.81%	199.07%	-138.26%

Dividends

FDIG vs. STKE - Dividend Comparison

FDIG's dividend yield for the trailing twelve months is around 1.03%, while STKE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.03%	1.14%	1.17%	0.18%
STKE Sol Strategies Inc	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDIG and STKE in my portfolio?

FDIG and STKE have a correlation of 0.46, 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 STKE?

STKE has higher volatility (36.77%) compared to FDIG (12.92%). In terms of maximum drawdown, FDIG dropped -58.32% vs STKE's -99.85%.

Which has better risk-adjusted returns?

FDIG currently has the higher Sharpe Ratio (1.02 vs -0.73), 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.