FDIG vs IBLC: Grades, Fees and Holdings Compared

Fidelity Crypto Industry and Digital Payments ETF

FDIGANasdaq

iShares Blockchain and Tech ETF

IBLCBNYSE Arca

Overlap

46.6%by weight

Expense ratio

FDIG −0.08pt a year

FDIG0.39%IBLC0.47%

Avg volume · 30D

FDIG 2.3×the volume

FDIG27.5KIBLC12.2K

3Y return · a year

IBLC +3.5pt

FDIG+24.8%IBLC+28.3%

FDIG vs IBLC Performance

Oct 31, 2025 – Nov 2, 2026

−38.1%FDIG−41.5%IBLC

Expense ratio: FDIG 0.39%, better; IBLC 0.47%
Fund size: FDIG $253M; IBLC $64M
1Y total return: FDIG −38.1%, better; IBLC −41.5%
Yield (12M): FDIG 1.94%; IBLC 7.53%, better
Holdings: FDIG 70; IBLC 50
Avg volume (30D): FDIG 27.5K sh, better; IBLC 12.2K sh
NAV per share: FDIG $33.38; IBLC $35.48
52W range

ETF.net Grade

Pillar letters and Scores for FDIG, IBLC, with each pillar’s weight
Pillar	FDIG	IBLC
Cost30% weight	A89Higher	A84
Mission25% weight	Not scored	Not scored
Risk15% weight	C52Higher	C42
Tradability15% weight	A71Higher	C52
Holdings10% weight	A81Higher	D38
Durability5% weight	A72Higher	B62

Rank among Crypto Industry Stocks funds

How we build Categories ›

Same Category. FDIG and IBLC are both graded against the same 20 Crypto Industry Stocks funds, so their Grades compare head to head.

Crypto Industry Stocks⁠

Category · 20 funds

See all 20 ›

FDIG ranks 2nd and IBLC 5th of 20 funds in the Crypto Industry Stocks Category.

Rank 1ASTCESchwab Crypto Thematic ETFScore 77
Rank 2AFDIGFidelity Crypto Industry and Digital Payments ETFScore 76
Rank 3BLEGRFirst Trust Indxx Innovative Transaction & Process ETFScore 65
Rank 5BBLOKAmplify Blockchain Technology ETFScore 61
Rank 5BIBLCiShares Blockchain and Tech ETFScore 61
Rank 7BDECOState Street Galaxy Digital Asset Ecosystem ETFScore 60

Our read on each fund

ETF.net Research

FDIGAFidelity Crypto Industry and Digital Payments ETF

IBLCBiShares Blockchain and Tech ETF

In short

FDIG Crypto exposure through the companies, not the coins: roughly 50 miners, exchanges and digital payments processors, weighted by how heavily they trade rather than how big they are, in a Fidelity-built index priced below the thematic norm.

IBLC BlackRock's picks-and-shovels take on crypto: roughly 40 global companies that build, run and use blockchain technology. You own the businesses around the coins, in a plain stock ETF, rather than the coins themselves.

Stated mandate

FDIG The fund seeks to track the performance of the Fidelity Crypto Industry and Digital Payments Index before fees and expenses. It normally invests at least 80% of assets in equity securities or depositary receipts included in that index.

IBLC The fund seeks to track an index of global companies that develop, innovate in, and apply blockchain and crypto technologies, providing exposure to firms involved in digital transformation and blockchain applications.

Why people hold it

FDIG Runs 0.39%, under the 0.56% median for global thematic funds. Cheap real estate in a corner of the market where niche fees usually bite.
Weights positions by trading volume rather than market cap, so the largest company in the group is not automatically the largest holding.fidelity.com fidelity.com 2
Two engines under one ticker: crypto miners and exchanges on one side, digital payments processors on the other, about 50 names in all.fidelity.com
Fidelity builds the index itself, screening on revenue plus text analysis of company disclosures, and rebalances quarterly over four days.fidelity.com

IBLC Costs 0.47% a year, under the 0.56% median for its global thematic peer group.
Holds listed stocks in an ordinary ETF wrapper. No wallet, no coin custody, no crypto exchange account.ishares.com
The index is rules-based and refreshes as the blockchain universe shifts, so miners, exchanges and chipmakers move in and out on the rules, not a manager's hunch.blackrock.com
Casts a global net: US and non-US names both qualify, from an iShares desk that has run index funds for decades.ishares.com

Worth knowing

FDIG Non-diversified and industry-narrow. Fidelity's own documents flag bigger swings and meaningful exposure to a small number of issuers.fidelity.com
You own crypto-linked equities, not crypto. Miners and payment processors can respond to very different news on any given day.fidelity.com
Volume runs light next to the ETF giants, so spreads can widen and the market price can sit at a premium or discount to net asset value.fidelity.com

IBLC About 40 names. A handful of crypto-linked businesses steer the ride, and swings can be far sharper than a broad global index.
Thinly traded and modest in size, so spreads can run wider than at mega-funds, especially during wild crypto sessions.
Distributions land annually or semiannually at most. This is a theme basket, not an income holding.

Full FDIG profile⁠

Full IBLC profile⁠

FDIG vs IBLC Holdings

How FDIG and IBLC differ

Overlap by weight

46.6%

Shared holdings make up 74.4% of IBLC and 53.7% of FDIG.

Level by level

Holdings27 in both46.6%
Sector7 Sectors65.8%
Countryby domicile78.8%
Asset classEquity100%

Sector

Sector weights in FDIG and IBLC, widest gap first
Sector	More in FDIGMore in IBLC	FDIG	IBLC
Technology	IBLC +31.2 points	36.0%	67.2%
Financials	FDIG +29.9 points	58.3%	28.4%
Communication	IBLC +2.8 points	1.5%	4.3%
Industrials	FDIG +1.8 points	1.8%	0.0%
Consumer Discretionary	FDIG +1.3 points	1.3%	0.0%
Utilities	FDIG +1.2 points	1.2%	0.0%
Health Care	IBLC +0.1 points	0.0%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in FDIG and IBLC, widest gap first
Country	More in FDIGMore in IBLC	FDIG	IBLC
United States	IBLC +13.3 points	78.3%	91.6%
China	IBLC +6.3 points	0.5%	6.8%
Australia	FDIG +5.3 points	5.3%	0.0%
Japan	FDIG +5.2 points	5.2%	0.0%
Canada	FDIG +3.0 points	3.0%	0.0%
Brazil	FDIG +2.4 points	2.4%	0.0%
Italy	FDIG +1.8 points	1.8%	0.0%
Germany	IBLC +1.6 points	0.0%	1.6%
Other countries (4)	FDIG +3.5 points	3.5%	0.0%

Concentration

Weight in the 10 largest Holdings

FDIG43.2%
IBLC66.5%

Securities held

FDIG60
IBLC41

Asset class

FDIG: Equity
IBLC: Equity

Holdings

Only in FDIG33
In both27
Only in IBLC14

Only in FDIG

33 securities, 55.0% of FDIG by weight

Securities Lending Cf9.05%
Bitmine Immersion Technologies4.59%
Block Inc Class A3.56%
Shopify Inc Class A2.10%
Visa Inc Class A2.06%
Global Payments Inc1.97%
Nexi Spa1.87%
Corpay Inc1.81%
Fiserv Inc1.81%
Wex Inc1.81%
Sbi Holdings Inc1.76%
Toast Inc1.76%
Klarna Group PLC1.73%
SHIFT4 Payments Inc1.71%
Chime Financial Inc1.58%
Flywire Corp1.55%
Payoneer Global Inc1.48%
Adyen Bv1.44%
Metaplanet Inc1.37%
Stoneco Ltd Class A1.27%
Hive Digital Technologies Ltd1.25%
Pagseguro Digital Ltd Class A1.13%
Zip Co Ltd1.02%
Ig Group Hldgs PLC0.89%
Bit Digital Inc0.83%
Digi Power X Inc0.81%
Monex Group Inc0.80%
Gmo Internet Group Inc0.77%
Ceres Inc/Japan0.57%
Wellcell Holdings Co Ltd0.48%
Zetrix Ai Berhad0.23%
Malaysian Ringets<0.01%
European Monetary Unit (Euro)<0.01%

Only in IBLC

14 securities, 25.5% of IBLC by weight

Advanced Micro Devices5.73%
International Business Machines Co5.20%
NVIDIA4.82%
Tencent Holdings4.69%
Infineon Technologies AG1.58%
Ping An Insurance (Group) of China1.49%
Cambricon Technologies Corporation0.83%
Hive Digital Technologies Ltd0.43%
Osl Group Ltd0.24%
Digi Power X Inc0.17%
Z Squared Inc0.15%
Canton Strategic Holdings Inc0.11%
Indokripto Koin Semesta0.03%
Voyager Digital Ltd0.00%

Weight gaps

All 27 Holdings in both funds, largest gap first.

Holding weights in FDIG and IBLC, widest gap first
Holding	More in FDIGMore in IBLC	FDIG	IBLC
Coinbase Global IncCOIN	IBLC +7.09 points	5.56%	12.65%
Circle Internet Group Inc ACRCL	IBLC +6.35 points	5.06%	11.41%
Mastercard Inc Class AMA	IBLC +3.93 points	2.04%	5.97%
Hut 8 CorpHUT	IBLC +2.78 points	2.66%	5.44%
Iren LtdIREN	IBLC +2.59 points	4.12%	6.71%
Riot Platforms IncRIOT	IBLC +1.27 points	2.39%	3.66%
Core Scientific IncCORZ	IBLC +1.04 points	2.31%	3.35%
Applied Digital CorpAPLD	IBLC +0.93 points	2.92%	3.85%
PayPal Hldgs IncPYPL	FDIG +0.92 points	1.97%	1.05%
Galaxy Digital Inc AGLXY	IBLC +0.82 points	1.67%	2.49%
American Bitcoin Corp AABTC	FDIG +0.64 points	0.77%	0.13%
Robinhood Markets IncHOOD	FDIG +0.61 points	2.00%	1.39%
Bitdeer Technologies GroupBTDR	FDIG +0.59 points	1.39%	0.80%
Soluna Holdings IncSLNH	FDIG +0.58 points	0.68%	0.10%
Ionic Digital IncIOND	IBLC +0.54 points	1.67%	2.21%
Keel Infrastructure CorpKEEL	FDIG +0.50 points	1.54%	1.04%
Gemini Space Station IncGEMI	FDIG +0.50 points	0.59%	0.09%
Cleanspark IncCLSK	FDIG +0.49 points	2.05%	1.56%
Bakkt Inc ABKKT	FDIG +0.49 points	0.59%	0.10%
Mara Holdings IncMARA	FDIG +0.48 points	2.58%	2.10%
BullishBLSH	FDIG +0.46 points	1.20%	0.74%
Bitgo Holdings Inc ABTGO	FDIG +0.40 points	0.65%	0.25%
Canaan Inc AdrCAN	FDIG +0.30 points	0.42%	0.12%
Terawulf IncWULF	IBLC +0.25 points	3.12%	3.37%
Cipher Digital IncCIFR	IBLC +0.23 points	1.81%	2.04%
Etoro Group LtdETOR	FDIG +0.09 points	1.02%	0.93%
Securitize Holdings IncSECZ	FDIG +0.06 points	0.93%	0.87%

All 46 FDIG holdings⁠All 41 IBLC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FDIG vs IBLC Cost

Overpaying IBLC vs FDIG

$1,520

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FDIG 0.39%
$7,898
IBLC 0.47%
$9,418

Amount$10,000

Years30 years

Cost over time

FDIG 0.39%
IBLC 0.47%
Overpaying

Year by year

Year	FDIG	IBLC	Overpaying
10	$705	$847	$142
20	$2,725	$3,261	$536
30	$7,898	$9,418	$1,520

Expense ratio

0.39%FDIG, cheaper
0.47%IBLC

FDIG0.39%IBLC0.47%

0.30%0.90%

Middle half of Crypto Industry Stocks funds
Median 0.66%

FDIG 3rd cheapest of 20 funds

IBLC 4th cheapest of 20 funds

FDIG vs IBLC Dividends

Last 12 months to Nov 2, 2026

Yield (12M): FDIG 1.94%; IBLC 7.53%, better
Payout (12M): FDIG $0.63; IBLC $2.56
Last payment: FDIG $0.02; IBLC $2.56
Ex-dividend: FDIG Sep 18, 2026; IBLC Dec 16, 2025
Paid on: FDIG Sep 22, 2026; IBLC Dec 19, 2025
Frequency: FDIG Quarterly; IBLC Twice a year

Distribution history

Per share, 2022 to 2026, same scale for both

FDIGQuarterly · 8 paymentsAll FDIG payments⁠

IBLCTwice a year · 8 paymentsAll IBLC payments⁠

FDIG vs IBLC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FDIG 57.6%, betterIBLC 62.2%
Return per unit of riskSharpe ratio, 3 years: FDIG 0.65IBLC 0.69, better
Worst fallMax drawdown, 5 years: FDIG −58.3%since Apr 2022IBLC −62.5%since Apr 2022
Market sensitivityBeta, 5 years: FDIG 3.46IBLC 3.60; Market = 1

FDIG and IBLC in the news

All news⁠

Deep Dive
Bitcoin ETFs lost $463 million. ARKB accounted for half
Sep 12, 2026FDIG
Deep Dive
Miners rose 11% as bitcoin ETFs gained 3% and Solana funds slipped
Sep 5, 2026FDIG

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FDIG vs IBLC

In short

Stated mandate

Why people hold it

Worth knowing

How FDIG and IBLC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDIG

Only in IBLC

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Bitcoin ETFs lost $463 million. ARKB accounted for half

Miners rose 11% as bitcoin ETFs gained 3% and Solana funds slipped

How FDIG and IBLC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDIG

Only in IBLC

Weight gaps