FDIG vs OWNB: Grades, Fees and Holdings Compared

Fidelity Crypto Industry and Digital Payments ETF

FDIGANasdaq

Bitwise Bitcoin Standard Corporations ETF

OWNBFNYSE Arca

Overlap

13.4%by weight

Expense ratio

FDIG −0.46pt a year

FDIG0.39%OWNB0.85%

Avg volume · 30D

FDIG 11.0×the volume

FDIG28KOWNB2.55K

FDIG vs OWNB Performance

Nov 7, 2025 – Nov 9, 2026

−30.1%FDIG−43.6%OWNB

Expense ratio: FDIG 0.39%, better; OWNB 0.85%
Fund size: FDIG $195M; OWNB $13M
1Y total return: FDIG −30.1%, better; OWNB −43.6%
Yield (12M): FDIG 1.87%; OWNB No data
Holdings: FDIG 71; OWNB 24
Avg volume (30D): FDIG 28K sh, better; OWNB 2.55K sh
NAV per share: FDIG $33.53; OWNB $16.87
52W range

ETF.net Grade

Pillar letters and Scores for FDIG, OWNB, with each pillar’s weight
Pillar	FDIG	OWNB
Cost30% weight	A89Higher	F13
Mission25% weight	Not scored	Not scored
Risk15% weight	B57Higher	D26
Tradability15% weight	A73Higher	D35
Holdings10% weight	A83Higher	D29
Durability5% weight	A70Higher	D36

Rank among Crypto Industry Stocks funds

How we build Categories ›

Same Category. FDIG and OWNB 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 1st and OWNB 20th of 20 funds in the Crypto Industry Stocks Category.

Rank 1AFDIGFidelity Crypto Industry and Digital Payments ETFScore 77
Rank 1ASTCESchwab Crypto Thematic ETFScore 77
Rank 19DCRPTFirst Trust SkyBridge Crypto Industry and Digital Economy ETFScore 30
Rank 20FOWNBBitwise Bitcoin Standard Corporations ETFScore 23

Our read on each fund

ETF.net Research

FDIGAFidelity Crypto Industry and Digital Payments ETF

OWNBFBitwise Bitcoin Standard Corporations 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.

OWNB Most crypto equity funds buy the miners and the exchanges. This one buys the balance sheet: public companies holding at least 1,000 bitcoin in treasury, weighted by the coins they own rather than by market cap. Bitwise launched it in 2025 as a first of its kind.

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.

OWNB The fund seeks to track the Bitwise Bitcoin Standard Corporations Index before fees and expenses. The index selects publicly traded companies meeting bitcoin-treasury, size, liquidity, and free-float requirements.

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

OWNB A hard rule, not a theme: a company needs at least 1,000 bitcoin on its books to qualify, and weights track the size of the coin stack, subject to caps.businesswire.com
Global reach: at launch the basket held Tokyo, Hong Kong and Oslo-listed treasury owners, exposure that is fiddly to assemble in a US brokerage account.businesswire.com
Roughly 26 stocks, rebalanced quarterly, so new treasury converts can enter and companies that shed their coins fall out.coindesk.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

OWNB At 0.85% a year it prices above the crypto-equity median of 0.69%, and well above broad blockchain rivals like BKCH at 0.50%.
Weighting by coins owned puts one dominant treasury holder at the top of the book, so a single company's story can move the fund as much as bitcoin does.businesswire.com coindesk.com
It launched in 2025 and stays small and thinly traded, so spreads can run wider than in established funds and the record is short.

Full FDIG profile⁠

Full OWNB profile⁠

FDIG vs OWNB Holdings

How FDIG and OWNB differ

Overlap by weight

13.4%

Shared holdings make up 32.9% of OWNB and 17.3% of FDIG.

Level by level

Holdings10 in both13.4%
Sector7 Sectors69.0%
Countryby domicile83.5%
Asset classStocks100%

Sector

Sector weights in FDIG and OWNB, widest gap first
Sector	Gap	FDIG	OWNB
Financials	FDIG +21.8 points	55.7%	33.9%
Consumer Staples	OWNB +13.8 points	0.0%	13.8%
Technology	FDIG +8.2 points	38.3%	30.1%
Communication	OWNB +7.7 points	1.3%	9.0%
Consumer Discretionary	OWNB +6.0 points	1.4%	7.4%
Utilities	OWNB +3.4 points	0.8%	4.2%
Industrials	FDIG +0.9 points	2.5%	1.6%

Country, concentration and asset class

Country by domicile

Country weights in FDIG and OWNB, widest gap first
Country	Gap	FDIG	OWNB
Japan	OWNB +11.8 points	5.7%	17.5%
Australia	FDIG +4.6 points	4.6%	0.0%
Hong Kong	OWNB +4.6 points	0.0%	4.6%
Canada	FDIG +2.8 points	2.8%	0.0%
Brazil	FDIG +2.5 points	2.5%	0.0%
Italy	FDIG +2.1 points	2.1%	0.0%
Netherlands	FDIG +1.7 points	1.7%	0.0%
Israel	FDIG +1.1 points	1.1%	0.0%
Other countries (4)	FDIG +1.6 points	79.5%	77.9%

Outside the US: OWNB 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

FDIG43.3%
OWNB74.7%

Securities held

FDIG60
OWNB24

Asset class

FDIG: Stocks
OWNB: Stocks

Holdings

Only in FDIG50
In both10
Only in OWNB14

Only in FDIG

50 securities, 91.9% of FDIG by weight

Securities Lending Cf9.53%
Circle Internet Group Inc A4.84%
Bitmine Immersion Technologies4.36%
Block Inc Class A4.08%
Iren Ltd3.81%
Terawulf Inc3.10%
Applied Digital Corp2.61%
Hut 8 Corp2.41%
Fiserv Inc2.33%
Visa Inc Class A2.15%
Mastercard Inc Class A2.14%
Corpay Inc2.11%
Core Scientific Inc2.10%
PayPal Hldgs Inc2.09%
Shopify Inc Class A2.03%
Global Payments Inc2.02%
Toast Inc1.97%
Robinhood Markets Inc1.95%
Nexi Spa1.94%
SHIFT4 Payments Inc1.92%
Wex Inc1.83%
Chime Financial Inc1.81%
Klarna Group PLC1.81%
Flywire Corp1.74%
Sbi Holdings Inc1.72%
Cipher Digital Inc1.66%
Adyen Bv1.61%
Ionic Digital Inc1.53%
Payoneer Global Inc1.51%
Galaxy Digital Inc A1.46%
Keel Infrastructure Corp1.43%
Bitdeer Technologies Group1.27%
Stoneco Ltd Class A1.26%
Hive Digital Technologies Ltd1.19%
Zip Co Ltd1.16%
Pagseguro Digital Ltd Class A1.11%
Etoro Group Ltd1.07%
Ig Group Hldgs PLC0.90%
Securitize Holdings Inc0.88%
Monex Group Inc0.81%
Bit Digital Inc0.78%
Digi Power X Inc0.77%
Gmo Internet Group Inc0.71%
Bakkt Inc A0.56%
Soluna Holdings Inc0.54%
Ceres Inc/Japan0.54%
Wellcell Holdings Co Ltd0.51%
Zetrix Ai Berhad0.23%
Malaysian Ringets<0.01%
European Monetary Unit (Euro)<0.01%

Only in OWNB

14 securities, 67.1% of OWNB by weight

Strategy23.61%
Xxi14.09%
Boyaa Interactive4.20%
Remixpoint, Inc.3.86%
Strive3.59%
Empery Digital Inc.2.91%
Trump Media & Technology Group2.59%
GameStop2.56%
Block2.02%
Tesla1.98%
Space Exploration Technologies1.77%
Nexon Co, Ltd1.77%
Hut 81.10%
Galaxy Digital1.01%

Weight gaps

All 10 Holdings in both funds, largest gap first.

Holding weights in FDIG and OWNB, widest gap first
Holding	Gap	FDIG	OWNB
Metaplanet Inc	OWNB +9.08 points	1.35%	10.43%
Coinbase Global IncCOIN	FDIG +3.91 points	5.34%	1.43%
American Bitcoin Corp AABTC	OWNB +3.05 points	0.63%	3.68%
BullishBLSH	OWNB +2.36 points	1.10%	3.46%
Riot Platforms IncRIOT	OWNB +1.26 points	3.19%	4.45%
Cleanspark IncCLSK	OWNB +1.16 points	1.68%	2.84%
Mara Holdings IncMARA	OWNB +0.81 points	2.48%	3.29%
Bitgo Holdings Inc ABTGO	OWNB +0.69 points	0.61%	1.30%
Canaan Inc AdrCAN	OWNB +0.61 points	0.40%	1.01%
Gemini Space Station IncGEMI	OWNB +0.51 points	0.52%	1.03%

All 46 FDIG holdings⁠All 24 OWNB 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 OWNB Cost

Overpaying OWNB vs FDIG

$8,301

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

FDIG 0.39%
$7,898
OWNB 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

FDIG 0.39%
OWNB 0.85%
Overpaying

Year by year

Year	FDIG	OWNB	Overpaying
10	$705	$1,508	$803
20	$2,725	$5,706	$2,981
30	$7,898	$16,199	$8,301

Expense ratio

0.39%FDIG, cheaper
0.85%OWNB

FDIG0.39%OWNB0.85%

0.30%0.90%

Middle half of Crypto Industry Stocks funds
Median 0.66%

FDIG 3rd cheapest of 20 funds

OWNB 16th cheapest of 20 funds

FDIG vs OWNB Dividends

Last 12 months to Nov 9, 2026

Yield (12M): FDIG 1.87%; OWNB No data
Payout (12M): FDIG $0.63; OWNB No data
Last payment: FDIG $0.02; OWNB $0.19
Ex-dividend: FDIG Sep 18, 2026; OWNB Dec 8, 2025
Paid on: FDIG Sep 22, 2026; OWNB Dec 10, 2025
Frequency: FDIG Quarterly; OWNB Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

FDIGQuarterly · 8 paymentsAll FDIG payments⁠

OWNBIrregular · 1 paymentAll OWNB payments⁠

FDIG vs OWNB 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%OWNB 53.9%since Apr 2025
Return per unit of riskSharpe ratio, 3 years: FDIG 0.65OWNB −0.06since Apr 2025
Worst fallMax drawdown, 5 years: FDIG −58.3%since Apr 2022OWNB −59.5%since Mar 2025
Market sensitivityBeta, 5 years: FDIG 3.05OWNB 3.23; Market = 1

FDIG and OWNB 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 OWNB

In short

Stated mandate

Why people hold it

Worth knowing

How FDIG and OWNB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDIG

Only in OWNB

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 OWNB differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in FDIG

Only in OWNB

Weight gaps