FDIG
Fidelity Crypto Industry and Digital Payments ETF
FDIG tracks the Fidelity Crypto Industry and Digital Payments Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
199.7 M
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Fidelity |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 19, 2022 |
| Assets (mns) | $200 |
| Expense ratio | 39 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| COINBASE GLOBAL, INC. CLASS A | 11.5 % |
| MARATHON DIGITAL HOLDINGS INC | 9.4 % |
| CLEANSPARK, INC. | 6.9 % |
| RIOT BLOCKCHAIN INC | 6.0 % |
| TERAWULF INC. | 4.9 % |
| HUT 8 CORP | 4.6 % |
| CIPHER MINING INC | 3.8 % |
| IRIS ENERGY LTD. | 3.7 % |
| BITFARMS LTD. | 3.5 % |
| BIT DIGITAL, INC. | 3.0 % |
Constituent Breakdown
| Number of holdings | 48 |
| Herfindahl-Hirschman Index | 475 |
| Wgt avg mkt cap (mns) | $30,347 |
| Large cap (>$10bn) | 19.5% |
| Mid cap ($2-10bn) | 36.4% |
| Small cap (<$2bn) | 31.5% |
| Developed mkts. | 79.6% |
| Emerging mkts. | 7.3% |
Country Exposure
 |
UNITED STATES | 57.4 % |
 |
CANADA | 11.3 % |
 |
AUSTRALIA | 3.7 % |
 |
BRAZIL | 3.0 % |
 |
FRANCE | 2.3 % |
 |
CHINA | 2.2 % |
 |
GERMANY | 2.1 % |
 |
JAPAN | 1.5 % |
 |
ITALY | 1.3 % |
 |
UAE | 1.1 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 51.1% | 80.0% | 75.0% | 53.3% | -- | -- | -- | 23.3% |
| Dividend Yield | 0.1% | 0.1% | 0.2% | 0.1% | -- | -- | -- | 0.1% |
| Total Returns | 51.1% | 80.1% | 75.3% | 53.4% | -- | -- | -- | 23.4% | Ann. Volatility | 49.6% | 57.6% | 60.9% | 60.4% | -- | -- | -- | 62.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 3.37 | 51% |
| MSCI EAFE | 1.40 | 11% |
| MSCI Emg Mkts | 1.00 | 6% |
Liquidity Measures
| Avg. volume (000) | 128 |
| ADV traded (mns) | $7 |
| Turnover | 3.6% |
| Avg. Bid/Ask (% of price) | 0.53% |
Technical Indicators
| Recent close | $55.51 |
| 30d moving avg. | $51.82 |
| Annualized volatility | 63.3% |
| Relative strength (RSI) | 61 |
| Short interest | 0.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| BITQ | Bitwise Crypto Industry Innovators ETF | 54.6% | +46 bp | -2.0% |
| BKCH | Global X Blockchain ETF | 53.4% | +11 bp | -3.3% |
| DAPP | VanEck Digital Transformation ETF | 39.9% | +11 bp | 0.0% |
| IBLC | iShares Blockchain and Tech ETF | 39.0% | +8 bp | -1.4% |
| WGMI | Valkyrie Bitcoin Miners ETF | 37.1% | +36 bp | -3.6% |
| BLCN | Siren ETF Trust Siren Nasdaq NexGen Economy ETF | 31.1% | +29 bp | +5.7% |
| BWEB | Bitwise Web3 ETF | 25.3% | +46 bp | -0.2% |
| BLOK | Amplify Transformational Data Sharing ETF | 23.7% | +36 bp | +0.1% |
| SATO | Invesco Alerian Galaxy Crypto Economy ETF | 23.2% | +22 bp | -0.7% |
| IPAY | ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund | 21.4% | +36 bp | +5.2% |
Risk and Returns: FDIG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/29/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
FDIG
-0.8%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 995 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. FDIG's ALTAR Score™ is approximately
2.7 standard deviations
below
the category average. This places FDIG in the 1st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
FDIGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 627 |
| Avg. Expense Ratio | 46.1 bp |
| Std. Deviation | 32.8 bp |
| FDIG (39 bp) Percentile rank | 41 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| FDIG | 39.0 | 53.0 | 92.0 |
| Peer Avg. | 46.1 | 15.6 | 61.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .