FDIG vs. VGT
Compare and contrast key facts about Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Vanguard Information Technology ETF (VGT).
FDIG and VGT 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. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004. Both FDIG and VGT 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 VGT.
Key characteristics
| FDIG | VGT | |
|---|---|---|
| YTD Return | 47.08% | 29.17% |
| 1Y Return | 145.40% | 40.51% |
| Sharpe Ratio | 2.20 | 2.10 |
| Sortino Ratio | 2.81 | 2.68 |
| Omega Ratio | 1.32 | 1.37 |
| Calmar Ratio | 3.80 | 2.90 |
| Martin Ratio | 7.61 | 10.47 |
| Ulcer Index | 19.20% | 4.22% |
| Daily Std Dev | 66.69% | 21.00% |
| Max Drawdown | -58.32% | -54.63% |
| Current Drawdown | 0.00% | -0.58% |
Correlation
The correlation between FDIG and VGT is 0.60, 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. VGT - Performance Comparison
In the year-to-date period, FDIG achieves a 47.08% return, which is significantly higher than VGT's 29.17% 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. VGT - Expense Ratio Comparison
FDIG has a 0.39% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
FDIG vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
FDIG's dividend yield for the trailing twelve months is around 0.12%, less than VGT's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDIG Fidelity Crypto Industry and Digital Payments ETF | 0.12% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGT Vanguard Information Technology ETF | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
FDIG vs. VGT - Drawdown Comparison
The maximum FDIG drawdown since its inception was -58.32%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for FDIG and VGT. For additional features, visit the drawdowns tool.
Volatility
FDIG vs. VGT - Volatility Comparison
Fidelity Crypto Industry and Digital Payments ETF (FDIG) has a higher volatility of 23.98% compared to Vanguard Information Technology ETF (VGT) at 6.38%. This indicates that FDIG's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.