FDIG vs. WGMI

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Valkyrie Bitcoin Miners ETF (WGMI).

FDIG and WGMI 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. WGMI is an actively managed fund by Valkyrie. It was launched on Feb 7, 2022.

Performance

FDIG vs. WGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Valkyrie Bitcoin Miners ETF (WGMI). The values are adjusted to include any dividend payments, if applicable.

FDIG vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FDIG Fidelity Crypto Industry and Digital Payments ETF	-14.57%	19.92%	18.41%	166.00%	-56.18%
WGMI Valkyrie Bitcoin Miners ETF	-8.91%	72.47%	23.54%	304.08%	-77.28%

Returns By Period

In the year-to-date period, FDIG achieves a -14.57% return, which is significantly lower than WGMI's -8.91% return.

FDIG

• 1D: 0.31%
• 1M: -9.90%
• YTD: -14.57%
• 6M: -32.88%
• 1Y: 32.76%
• 3Y*: 28.85%
• 5Y*: —
• 10Y*: —

WGMI

• 1D: 0.11%
• 1M: -13.78%
• YTD: -8.91%
• 6M: -22.65%
• 1Y: 155.01%
• 3Y*: 55.57%
• 5Y*: —
• 10Y*: —

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

FDIG vs. WGMI - Expense Ratio Comparison

FDIG has a 0.39% expense ratio, which is lower than WGMI's 0.75% expense ratio.

WGMI

Valkyrie Bitcoin Miners ETF

FDIG

Fidelity Crypto Industry and Digital Payments ETF

Return for Risk

FDIG vs. WGMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDIG

FDIG Risk / Return Rank: 32
FDIG Sharpe Ratio Rank: 32
FDIG Sortino Ratio Rank: 40
FDIG Omega Ratio Rank: 32
FDIG Calmar Ratio Rank: 31
FDIG Martin Ratio Rank: 24

WGMI

WGMI Risk / Return Rank: 83
WGMI Sharpe Ratio Rank: 89
WGMI Sortino Ratio Rank: 88
WGMI Omega Ratio Rank: 75
WGMI Calmar Ratio Rank: 92
WGMI Martin Ratio Rank: 69

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. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Valkyrie Bitcoin Miners ETF (WGMI). 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	WGMI	Difference
Sharpe ratio Return per unit of total volatility	0.63	2.00	-1.37
Sortino ratio Return per unit of downside risk	1.20	2.48	-1.28
Omega ratio Gain probability vs. loss probability	1.14	1.29	-0.15
Calmar ratio Return relative to maximum drawdown	0.80	3.40	-2.60
Martin ratio Return relative to average drawdown	1.77	7.40	-5.63
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. WGMI - Sharpe Ratio Comparison

The current FDIG Sharpe Ratio is 0.63, which is lower than the WGMI Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of FDIG and WGMI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FDIG	WGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	2.00	-1.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.08	+0.07

Correlation

The correlation between FDIG and WGMI is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FDIG vs. WGMI - Dividend Comparison

FDIG's dividend yield for the trailing twelve months is around 1.44%, while WGMI has not paid dividends to shareholders.

	TTM	2025	2024	2023
FDIG Fidelity Crypto Industry and Digital Payments ETF	1.44%	1.14%	1.17%	0.18%
WGMI Valkyrie Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%

Drawdowns

FDIG vs. WGMI - Drawdown Comparison

The maximum FDIG drawdown since its inception was -58.32%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for FDIG and WGMI.

Drawdown Indicators

	FDIG	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-58.32%	-85.76%	+27.44%
Max Drawdown (1Y) Largest decline over 1 year	-46.69%	-50.94%	+4.25%
Current Drawdown Current decline from peak	-43.42%	-47.10%	+3.68%
Average Drawdown Average peak-to-trough decline	-26.09%	-43.87%	+17.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.12%	23.36%	-2.24%

Volatility

FDIG vs. WGMI - Volatility Comparison

The current volatility for Fidelity Crypto Industry and Digital Payments ETF (FDIG) is 16.10%, while Valkyrie Bitcoin Miners ETF (WGMI) has a volatility of 23.09%. This indicates that FDIG experiences smaller price fluctuations and is considered to be less risky than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDIG	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.10%	23.09%	-6.99%
Volatility (6M) Calculated over the trailing 6-month period	39.97%	60.97%	-21.00%
Volatility (1Y) Calculated over the trailing 1-year period	52.57%	78.21%	-25.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.44%	82.07%	-20.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.44%	82.07%	-20.63%