FDIG vs IVV
Fidelity Crypto Industry and Digital Payments ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FDIG | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.03% | |
| AUM | $248M | $907.0B | |
| Dividend Yield | 1.53% | 1.10% | |
| Holdings | 66 | 508 | |
| YTD Return | +3.92% | +14.29% | |
| 1Y Return | +9.91% | +21.79% | |
| 3Y Return (annualized) | +30.51% | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 60.9% | 15.1% | |
| Max Drawdown | -58.3% | -56.5% | |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 19, 2022 | May 15, 2000 |
FDIG vs IVV Performance
Fidelity Crypto Industry and Digital Payments ETF (FDIG) is a ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FDIG returned +9.91% while IVV returned +21.79%. Year to date, FDIG is up 3.92% versus a gain of 14.29% for IVV.
Over three years, FDIG compounded at +30.51% per year against +22.19% for IVV. Across the full 4-year window we track, FDIG has the edge at +14.97% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FDIG has been the more volatile fund, with annualized monthly volatility of 60.9% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -58.3% for FDIG and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FDIG charges 0.39% per year while IVV charges 0.03%. On a $10,000 position that is $39 vs $3 annually, a gap of $36 per year that compounds over a long holding period. On income, FDIG currently yields 1.53% against 1.10% for IVV.
Holdings Overlap
FDIG and IVV share 9 holdings out of 552 unique holdings combined, representing a 2.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FDIG or IVV?
FDIG has an expense ratio of 0.39% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, FDIG or IVV?
Over the past year FDIG returned +9.91% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (4 years), FDIG annualized +14.97% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, FDIG or IVV?
FDIG has been the more volatile fund at 60.9% annualized versus 15.1% for IVV. Worst drawdown: FDIG -58.3% vs IVV -56.5%.
Should I hold both FDIG and IVV?
FDIG and IVV have a monthly-return correlation of 0.75, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FDIG and IVV?
FDIG and IVV share 9 common holdings with a 2.0% weight overlap. Combined, they hold 552 unique securities.
Which pays a higher dividend, FDIG or IVV?
FDIG yields 1.53% while IVV yields 1.10%, so FDIG currently pays the higher dividend yield.
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