FDIG: FIDELITY CRYPTO INDUSTRY AND DIGITAL PAYMENTS ETF
What this ETF is trying to do
The Fidelity Crypto Industry and Digital Payments ETF (FDIG) is an exchange-traded fund designed to invest in the crypto industry and digital payment sectors. This ETF is classified as crypto-related, meaning it focuses on companies involved in digital currencies and the technology used to move money electronically.
What the numbers show
The performance of FDIG shows a mix of recent growth and significant past declines.
• Year-to-Date (YTD): The year-to-date price return is approximately 4.32%. When including distributions, the YTD total return is approximately 4.82%.
• One-Year Performance: Over the last year, the ETF has experienced a share-price decline of approximately 29.35%. The one-year total return was approximately -28.28%.
• Three-Year Performance: Looking back three years, the ETF has seen significant growth. The three-year price return is approximately 153.58%, and the three-year total return is approximately 160.85%.
To help visualize recent changes, the estimated price from roughly one year ago was $56.89, compared to the current price of $40.19.
Income and distribution explanation
FDIG provides some cash distributions to investors. The distribution yield is approximately 1.56%. This means the amount of cash paid out relative to the ETF's price is 1.56%. The fund usually pays these distributions on a quarterly basis, with 4 payments made over the last 12 months.
It is important to remember that a distribution yield is not the same as total return. While distributions provide cash, they do not guarantee that your original investment will stay the same value.
NAV erosion explanation
The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, the data does show significant price-based trends. The ETF has a severe erosion-risk flag. This means that StockValueFinder's screening rules detected substantial price deterioration. The fund has an erosion score of 30, which is labeled as "Significant price erosion" with a severity level of "significant."
Top Holdings
The following is a partial list of the top holdings in the FDIG portfolio. Please note that holdings can change over time.
• Bitmine Immersion Technologies Inc (4.82%)
• IREN Ltd (4.23%)
• Block Inc Class A (3.38%)
• MARA Holdings Inc (2.82%)
• Robinhood Markets Inc Class A (2.70%)
• Applied Digital Corp (2.56%)
• Hut 8 Corp (2.55%)
• Strive Inc Class A (2.50%)
• Riot Platforms Inc (2.42%)
• Terawulf Inc (2.37%)
Pros and Cons
Pros:
• The ETF has shown very high total returns over a three-year period.
• It provides regular quarterly distributions.
Cons:
• The ETF has a severe erosion-risk flag due to significant price deterioration.
• It has experienced a large share-price decline over the past year.
Beginner takeaway
FDIG focuses on the digital payment and crypto industries. While it has shown massive growth over three years, it has also faced a heavy share-price decline recently. Investors should be aware that the fund carries a severe erosion-risk flag, meaning its market price has dropped significantly. High yields or past growth do not guarantee future results.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | n/a | n/a | 10.97% |
| 2 | n/a | COIN | 5.31% |
| 3 | BITMINE IMMERSION TECHNOLOGIES INC | BMNR | 4.82% |
| 4 | n/a | CRCL | 4.57% |
| 5 | IREN LTD | IREN | 4.23% |
| 6 | BLOCK INC CLASS A | XYZ | 3.38% |
| 7 | n/a | CHYM | 2.84% |
| 8 | MARA HOLDINGS INC | MARA | 2.82% |
| 9 | ROBINHOOD MARKETS INC CLASS A | HOOD | 2.70% |
| 10 | APPLIED DIGITAL CORP | APLD | 2.56% |