SETH vs. FDIG
Compare and contrast key facts about ProShares Short Ether Strategy ETF (SETH) and Fidelity Crypto Industry and Digital Payments ETF (FDIG).
SETH and FDIG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SETH is a passively managed fund by ProShares that tracks the performance of the Bloomberg Galaxy Ethereum (--100%). It was launched on Nov 1, 2023. 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. Both SETH and FDIG 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: SETH or FDIG.
Correlation
The correlation between SETH and FDIG is -0.60. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SETH vs. FDIG - Performance Comparison
Key characteristics
SETH:
-0.38
FDIG:
0.27
SETH:
-0.14
FDIG:
0.85
SETH:
0.98
FDIG:
1.10
SETH:
-0.39
FDIG:
0.49
SETH:
-0.99
FDIG:
0.98
SETH:
26.85%
FDIG:
16.71%
SETH:
69.75%
FDIG:
61.74%
SETH:
-67.58%
FDIG:
-58.32%
SETH:
-55.18%
FDIG:
-20.68%
Returns By Period
In the year-to-date period, SETH achieves a 15.18% return, which is significantly higher than FDIG's 3.69% return.
SETH
15.18%
23.50%
-18.45%
-22.70%
N/A
N/A
FDIG
3.69%
-6.78%
20.96%
20.06%
N/A
N/A
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SETH vs. FDIG - Expense Ratio Comparison
SETH has a 0.95% expense ratio, which is higher than FDIG's 0.39% expense ratio.
Risk-Adjusted Performance
SETH vs. FDIG — Risk-Adjusted Performance Rank
SETH
FDIG
SETH vs. FDIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Ether Strategy ETF (SETH) and Fidelity Crypto Industry and Digital Payments ETF (FDIG). 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
SETH vs. FDIG - Dividend Comparison
SETH's dividend yield for the trailing twelve months is around 2.96%, more than FDIG's 1.13% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
SETH ProShares Short Ether Strategy ETF | 2.96% | 3.44% | 0.37% |
FDIG Fidelity Crypto Industry and Digital Payments ETF | 1.13% | 1.17% | 0.18% |
Drawdowns
SETH vs. FDIG - Drawdown Comparison
The maximum SETH drawdown since its inception was -67.58%, which is greater than FDIG's maximum drawdown of -58.32%. Use the drawdown chart below to compare losses from any high point for SETH and FDIG. For additional features, visit the drawdowns tool.
Volatility
SETH vs. FDIG - Volatility Comparison
ProShares Short Ether Strategy ETF (SETH) has a higher volatility of 22.00% compared to Fidelity Crypto Industry and Digital Payments ETF (FDIG) at 12.52%. This indicates that SETH's price experiences larger fluctuations and is considered to be riskier than FDIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.