FDIG
Fidelity Crypto Industry and Digital Payments ETF
FDIG tracks the Fidelity Crypto Industry and Digital Payments Index.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
97.7 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) | $98 |
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) | $24,545 |
Large cap (>$10bn) | 24.5% |
Mid cap ($2-10bn) | 24.5% |
Small cap (<$2bn) | 51.0% |
Developed mkts. | 92.5% |
Emerging mkts. | 7.5% |
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 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | -7.3% | 60.8% | 37.5% | -- | -- | -- | 8.4% | Volatility | 67.7% | 64.0% | 64.2% | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 2.91 | 53% |
MSCI EAFE | 2.29 | 34% |
MSCI Emg Mkts | 1.88 | 24% |
Liquidity Measures
Avg. volume (000) | 25 |
Turnover | 0.7% |
Avg. Bid/Ask (% of price) | 0.92% |
ADV of underlying (mns) | $5,397 |
Technical Indicators
Recent close | $27.16 |
30d moving avg. | $26.03 |
Annualized volatility | 70.7% |
Relative strength (RSI) | 59 |
Short interest (ETF) | 1.8% |
Short interest (underlying) | 0.0% |
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. FDIG |
Expenses vs. FDIG |
ALTAR Score™ vs. FDIG |
---|---|---|---|---|
BITQ | Bitwise Crypto Industry Innovators ETF | 55.7% | +46 bp | -0.4% |
IBLC | iShares Blockchain and Tech ETF | 52.1% | +8 bp | +1.0% |
BKCH | Global X Blockchain ETF | 51.6% | +11 bp | -1.8% |
CRPT | First Trust SkyBridge Crypto Industry & Digital Economy ETF | 43.3% | +46 bp | -2.5% |
DAPP | VanEck Digital Transformation ETF | 41.7% | +11 bp | -1.9% |
WGMI | Valkyrie Bitcoin Miners ETF | 38.9% | +36 bp | -6.1% |
GFOF | Grayscale Future of Finance ETF | 36.5% | +31 bp | +2.3% |
SATO | Invesco Alerian Galaxy Crypto Economy ETF | 32.6% | +22 bp | -0.6% |
BWEB | Bitwise Web3 ETF | 25.3% | +46 bp | +3.0% |
IPAY | ETFMG Prime Mobile Payments ETFMG Prime Mobile Payments Fund | 19.3% | +36 bp | +7.3% |
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
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
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 10/4/2024
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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
FDIG
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
-1.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. FDIG's ALTAR Score™ is approximately
3.1 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 | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 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 | 91.8 | 130.8 |
Peer Avg. | 47.1 | 17.5 | 64.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .