FDIG vs SPY
Fidelity Crypto Industry and Digital Payments ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | FDIG | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.39% | 0.09% | |
| AUM | $248M | $821.1B | |
| Dividend Yield | 1.53% | 1.01% | |
| Holdings | 66 | 505 | |
| YTD Return | +3.92% | +14.24% | |
| 1Y Return | +9.91% | +21.71% | |
| 3Y Return (annualized) | +30.51% | +22.10% | |
| 5Y Return (annualized) | - | +13.21% | |
| Volatility (annualized) | 60.9% | 15.3% | |
| Max Drawdown | -58.3% | -56.5% | |
| Fund Family | Fidelity Investments (US) | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Apr 19, 2022 | Jan 22, 1993 |
FDIG vs SPY Performance
Fidelity Crypto Industry and Digital Payments ETF (FDIG) is a ETF from Fidelity Investments (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FDIG returned +9.91% while SPY returned +21.71%. Year to date, FDIG is up 3.92% versus a gain of 14.24% for SPY.
Over three years, FDIG compounded at +30.51% per year against +22.10% for SPY. Across the full 4-year window we track, FDIG has the edge at +14.97% annualized vs +8.86%. 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 15.3% for SPY. 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 SPY. 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 SPY charges 0.09%. On a $10,000 position that is $39 vs $9 annually, a gap of $30 per year that compounds over a long holding period. On income, FDIG currently yields 1.53% against 1.01% for SPY.
Holdings Overlap
FDIG and SPY share 9 holdings out of 551 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 SPY?
FDIG has an expense ratio of 0.39% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $30 per year of difference.
Which performed better, FDIG or SPY?
Over the past year FDIG returned +9.91% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), FDIG annualized +14.97% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, FDIG or SPY?
FDIG has been the more volatile fund at 60.9% annualized versus 15.3% for SPY. Worst drawdown: FDIG -58.3% vs SPY -56.5%.
Should I hold both FDIG and SPY?
FDIG and SPY 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 SPY?
FDIG and SPY share 9 common holdings with a 2.0% weight overlap. Combined, they hold 551 unique securities.
Which pays a higher dividend, FDIG or SPY?
FDIG yields 1.53% while SPY yields 1.01%, so FDIG currently pays the higher dividend yield.
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