FDFF vs FINX

FDFFBFidelity Disruptive Finance ETF

FINXCGlobal X FinTech ETF

In short

FDFF Fidelity's stock-picker take on fintech: roughly 50 hand-chosen names in payments, lending and financial software, at the lowest fee in its fintech peer group. Small and thinly traded, but the mandate is clear and the price tag is light.

FINX A 2016-vintage fintech fund that still does it the original way: an index-tracked, global basket of roughly 70 companies digitizing payments, lending, insurance and investing. Wider than a US card-network play, and rules-based rather than a stock picker's list.

Stated mandate

FDFF The fund seeks long-term growth of capital and normally invests at least 80% of its assets in securities of disruptive finance companies.

FINX The fund seeks exposure to companies at the forefront of financial-technology innovation, including businesses transforming insurance, investing, fundraising, and third-party lending through mobile and digital solutions.

Why people hold it

• FDFF Costs 0.50% a year, under the 0.68% median for fintech ETFs and below every peer here: BPAY (0.66%), FINX (0.68%), IPAY and ARKF (0.75%).
• A real mandate, not a label: at least 80% of assets go to disruptive finance companies, held in a focused book of about 50 stocks rather than a sprawling index.fidelity.com
• Fidelity research behind the picks, running since 2020, and it grades in the top quartile of the fintech funds we cover.

• FINX Global by mandate, not US-only. The fund's stated remit covers financial-technology innovators worldwide, so the basket reaches beyond the familiar American processors.globalxetfs.com
• Broad read on fintech: insurance, investing, fundraising and third-party lending going digital, spread over roughly 70 holdings instead of a handful of mega-cap payment names.
• Rules over hunches. It tracks the Indxx Global FinTech Thematic Index, so what's inside follows published index rules rather than a manager's discretion.
• Trading since 2016, back when fintech ETFs were a novelty. That's a long operating history for a theme fund, with the same index approach throughout.

Worth knowing

• FDFF Thinly traded and small by ETF standards, so spreads can be wider than the headline fee suggests and the fund has less scale cushion than its bigger rivals.
• About 50 stocks in one theme means fintech sentiment drives the ride. This is a concentrated slice, not a diversified financials holding.
• Active, so there is no index to check the manager against. Results track stock selection, and distributions come quarterly rather than monthly.

• FINX The 0.68% expense ratio lands exactly at the median for fintech ETFs. FDFF charges 0.50% for its own version of the theme, so cheaper shelf space exists.
• One theme, about 70 stocks, in a growth-heavy corner of the market. Concentration like that tends to move harder in both directions than a broad equity fund.
• Moderately traded rather than one of the busiest tickers in its category, which can show up as wider bid-ask spreads, especially on large orders.

Full FDFF profile⁠

Full FINX profile⁠