FDIG ETF Returns 33.98% over Three Years
Fidelity's digital assets fund outperformed its benchmark by 13.5 percentage points over the last three years.
The Fidelity Crypto Industry and Digital Payments ETF returned 33.98% on a net asset value basis over the last three years. This figure exceeds the 20.48% return of its benchmark index. The fund has outpaced the Technology Equities category average in the last month.
FDIG charges a fee of 39 basis points. The strategy targets global firms in crypto, blockchain, and digital payments. It does not hold direct spot cryptocurrency. The fund requires holdings to derive at least 50% of revenue from these sectors.
Portfolio Composition And Holdings
Coinbase is the largest position in the fund. The stock gained 11.3% in the last month. This performance follows a period of year-to-date underperformance. The ETF focuses primarily on crypto stocks. Digital payments make up a smaller portion of the allocation.
Performance Versus Benchmarks
FDIG delivered a 20.9% return on a NAV basis over three years. Fidelity Investments data confirms this figure. The fund reached its three-year milestone last year. It tracks the Fidelity Crypto Industry and Digital Payments Index. The strategy differs from newer crypto ETFs that hold spot assets.
Market Context And Outlook
Long-term yields have risen due to growing debt. Concerns around the Yen persist. Pressure on the dollar may increase attention to crypto. ETF Database notes the fund may benefit from these shifts. Investors seek exposure to innovative sectors as the dollar wavers.
