Fidelity Crypto Industry Etf Profile
| FDIG Etf | USD 40.15 0.82 2.08% |
Performance15 of 100
| Odds Of DistressLess than 9
|
Fidelity Crypto is trading at 40.15 as of the 30th of November 2024. This is a 2.08 percent increase since the beginning of the trading day. The etf's lowest day price was 39.51. Fidelity Crypto has less than a 9 % chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Fidelity Crypto Industry are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of June 2024 and ending today, the 30th of November 2024. Click here to learn more.
The fund ormally invests at least 80 percent of assets in equity securities included in the index and in depositary receipts representing securities included in the index. Fidelity Crypto is traded on NASDAQ Exchange in the United States. More on Fidelity Crypto Industry
Moving together with Fidelity Etf
| 0.96 | GBTC | Grayscale Bitcoin Trust | PairCorr |
| 0.96 | BITO | ProShares Bitcoin | PairCorr |
| 0.99 | BLOK | Amplify Transformational | PairCorr |
| 0.96 | BLCN | Siren Nasdaq NexGen | PairCorr |
| 0.99 | BITQ | Bitwise Crypto Industry | PairCorr |
Moving against Fidelity Etf
Fidelity Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Strategy ETFs, Theme ETFs, Digital Assets, Fidelity Investments (View all Sectors) |
| Issuer | Fidelity |
| Inception Date | 2022-04-21 |
| Benchmark | Fidelity Crypto Industry and Digital Payments Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 160.31 Million |
| Asset Type | Equity |
| Category | Strategy |
| Focus | Theme |
| Market Concentration | Blended Development |
| Region | Global |
| Administrator | Fidelity Management & Research Company LLC |
| Advisor | Fidelity Management & Research Company LLC |
| Custodian | State Street Bank and Trust Company |
| Distributor | Fidelity Distributors Company LLC |
| Portfolio Manager | Louis Bottari, Peter Matthew, Robert Regan, Payal Gupta, Navid Sohrabi |
| Transfer Agent | State Street Bank and Trust Company |
| Fiscal Year End | 30-Jun |
| Exchange | NASDAQ |
| Number of Constituents | 48.0 |
| Market Maker | Citadel |
| Total Expense | 0.39 |
| Management Fee | 0.39 |
| Country Name | USA |
| Returns Y T D | 44.74 |
| Name | Fidelity Crypto Industry and Digital Payments ETF |
| Currency Code | USD |
| Open Figi | BBG016VCFK12 |
| 1y Volatility | 66.34 |
| 200 Day M A | 28.5385 |
| 50 Day M A | 31.325 |
| Code | FDIG |
| Updated At | 30th of November 2024 |
| Currency Name | US Dollar |
| Type | ETF |
Fidelity Crypto Industry [FDIG] is traded in USA and was established 2022-04-19. The fund is listed under Digital Assets category and is part of Fidelity Investments family. The entity is thematically classified as Strategy ETFs. Fidelity Crypto Industry currently have 18.3 M in assets under management (AUM). , while the total return for the last year was 103.2%.
Check Fidelity Crypto Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Fidelity Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fidelity Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Fidelity Crypto Industry Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Fidelity Crypto Industry Currency Exposure
Fidelity Crypto Industry holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Fidelity Crypto will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Fidelity Crypto Industry.
Top Fidelity Crypto Industry Etf Constituents
| APLD | Applied Blockchain | Stock | Information Technology | |
| CPAY | Corpay Inc | Stock | Financials | |
| GLXY | Galaxy Digital Holdings | Stock | Financials | |
| CIFR | Cipher Mining | Stock | Financials | |
| MQ | Marqeta | Stock | Information Technology | |
| CLSK | CleanSpark | Stock | Information Technology | |
| PAYO | Payoneer Global | Stock | Financials | |
| CAN | Canaan Inc | Stock | Information Technology |
Fidelity Crypto Industry Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Fidelity Crypto. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.1356 | |||
| Jensen Alpha | 0.287 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1579 |
Fidelity Crypto Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity Crypto Industry. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
The market value of Fidelity Crypto Industry is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity Crypto's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Crypto's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelity Crypto's market value can be influenced by many factors that don't directly affect Fidelity Crypto's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelity Crypto's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Crypto is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Crypto's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.