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FDIG vs SATO

Fidelity Crypto Industry and Digital Payments ETF

FDIGANasdaq

Invesco Alerian Galaxy Crypto Economy ETF

SATOCCboe

Overlap

31.2%by weight

Expense ratio

FDIG −0.27pt a year

FDIG0.39%SATO0.66%

Avg volume · 30D

FDIG 17.2×the volume

FDIG27.5KSATO1.6K

3Y return · a year

SATO +3.0pt

FDIG+29.6%SATO+32.6%

FDIG vs SATO Performance

Oct 31, 2025 – Oct 30, 2026

−36.3%FDIG−44.1%SATO

Oct 31, 2025 to Oct 30, 2026. FDIG −36.3%. SATO −44.1%. Use the arrow keys to read each point.−50%−30%−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
FDIG 0.39%, better
SATO 0.66%
Fund size
FDIG $253M
SATO $7M
1Y total return
FDIG −36.3%, better
SATO −44.1%
Yield (12M)
FDIG 1.89%
SATO 6.79%, better
Holdings
FDIG 72
SATO 63
Avg volume (30D)
FDIG 27.5K sh, better
SATO 1.6K sh
NAV per share
FDIG $33.38
SATO $14.56
52W range

ETF.net Grade

FDIG: Cost 89, Risk 52, Mission not scored, Tradability 71, Holdings 81, Durability 72. SATO: Cost 55, Risk 43, Mission not scored, Tradability 5, Holdings 79, Durability 48.
Pillar letters and Scores for FDIG, SATO, with each pillar’s weight
PillarFDIGSATO
Cost30% weightA89HigherB55
Mission25% weightNot scoredNot scored
Risk15% weightC52HigherC43
Tradability15% weightA71HigherF5
Holdings10% weightA81HigherA79
Durability5% weightA72HigherC48

Rank among Crypto Industry Stocks funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FDIG and SATO 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 SATO 11th of 20 funds in the Crypto Industry Stocks Category.

  1. Rank 1ASTCESchwab Crypto Thematic ETFScore 77
  2. Rank 2AFDIGFidelity Crypto Industry and Digital Payments ETFScore 76
  3. Rank 3BLEGRFirst Trust Indxx Innovative Transaction & Process ETFScore 65
  4. Rank 10CNODEOnchain Economy ETFScore 49
  5. Rank 11CSATOInvesco Alerian Galaxy Crypto Economy ETFScore 45
  6. Rank 12CWGMICoinShares Bitcoin Mining ETFScore 44

Our read on each fund

ETF.net Research

FDIGAFidelity Crypto Industry and Digital Payments ETF

SATOCInvesco Alerian Galaxy Crypto Economy 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.

SATO Most crypto-stock funds stop at miners and exchanges. SATO's index also reaches into crypto ETPs and private investment trusts, so one equity ticker carries both the picks-and-shovels crowd and coin-linked vehicles.

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.

SATO The fund seeks cryptocurrency-economy exposure by generally investing 80% of assets in an index of digital-asset companies, crypto-related ETPs, and private investment trusts.

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.comfidelity.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
  • SATO The index spans digital-asset companies, crypto ETPs and private investment trusts, so coin-linked exposure rides alongside the miners and exchanges.invesco.com
  • At 0.66% a year it sits under the typical fee in its crypto-equity peer group and below Amplify's BLOK at 0.70%.
  • About 50 holdings with a global mandate, not just the US-listed slice of the crypto trade.
  • Running since 2021, through a full crypto boom and bust, and it stands in the upper half of its peer group.

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
  • SATO Small and lightly traded next to the category's biggest names, so the spread on the way in and out can matter more than the expense ratio.
  • Owning ETPs and trusts adds a layer of fees inside the fund, and those vehicles can trade away from the value of the assets they hold.invesco.com
  • Miners, exchanges and coin vehicles all ride the same sentiment, so spreading across roughly 50 names does little to soften the swings.

Full FDIG profile⁠

Full SATO profile⁠

FDIG vs SATO Holdings

How FDIG and SATO differ

Overlap by weight

31.2%

Shared holdings make up 58.1% of FDIG and 38.4% of SATO.

Level by level

  • Holdings27 in both31.2%
  • Countryby domicile85.0%
  • Sector8 Sectors86.5%
  • Asset classEquity100%

Sector

Sector weights in FDIG and SATO, widest gap first
SectorMore in FDIGMore in SATO
TechnologyFDIG +11.9 points
Consumer DiscretionarySATO +6.3 points
Consumer StaplesSATO +2.9 points
Health CareSATO +2.5 points
FinancialsSATO +1.8 points
IndustrialsFDIG +1.0 points
CommunicationFDIG +0.5 points
UtilitiesFDIG +0.2 points

Country, concentration and asset class

Country by domicile

Country weights in FDIG and SATO, widest gap first
CountryMore in FDIGMore in SATO
United StatesSATO +4.4 points
AustraliaFDIG +3.5 points
Hong KongSATO +3.5 points
JapanFDIG +2.7 points
BrazilFDIG +2.4 points
SwedenSATO +2.3 points
CanadaFDIG +2.2 points
ItalyFDIG +1.8 points
Other countries (7)SATO +2.4 points

Concentration

Weight in the 10 largest Holdings

  • FDIG43.8%
  • SATO35.5%

Securities held

  • FDIG60
  • SATO61

Asset class

FDIG
Equity
SATO
Equity

Holdings

  • Only in FDIG33
  • In both27
  • Only in SATO34

Only in FDIG

33 securities, 50.3% of FDIG by weight

  • Securities Lending Cf8.67%
  • Block Inc Class A3.40%
  • Shopify Inc Class A2.10%

Only in SATO

34 securities, 61.5% of SATO by weight

  • Powershares Cayman Fund16.65%
  • Cypherpunk Technologies Inc2.41%
  • Hyperliquid Strategies Inc2.22%

Weight gaps

All 27 Holdings in both funds, largest gap first.

Holding weights in FDIG and SATO, widest gap first
HoldingMore in FDIGMore in SATO
Coinbase Global IncCOINFDIG +3.97 points
Circle Internet Group Inc ACRCLFDIG +3.26 points
Bitmine Immersion TechnologiesBMNRFDIG +2.82 points
Iren LtdIRENFDIG +2.78 points
Terawulf IncWULFFDIG +2.41 points
Applied Digital CorpAPLDFDIG +2.31 points
Core Scientific IncCORZFDIG +1.57 points
Robinhood Markets IncHOODFDIG +1.30 points

All 46 FDIG holdings⁠All 60 SATO 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 SATO Cost

Overpaying SATO vs FDIG

$4,998

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

  • FDIG 0.39%

    $7,898

  • SATO 0.66%

    $12,896

$10,000
30 years

Cost over time

  • FDIG 0.39%
  • SATO 0.66%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530SATO $12,896FDIG $7,898

Year by year

YearFDIGSATOOverpaying
10$705$1,180$475
20$2,725$4,504$1,779
30$7,898$12,896$4,998

Expense ratio

  • 0.39%FDIG, cheaper
  • 0.66%SATO
  • Middle half of Crypto Industry Stocks funds
  • Median 0.66%

FDIG 3rd cheapest of 20 funds

SATO 11th cheapest of 20 funds

FDIG vs SATO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FDIG 1.89%
SATO 6.79%, better
Payout (12M)
FDIG $0.63
SATO $0.98
Last payment
FDIG $0.02
SATO $0.02
Ex-dividend
FDIG Sep 18, 2026
SATO Mar 23, 2026
Paid on
FDIG Sep 22, 2026
SATO Mar 27, 2026
Frequency
FDIG Quarterly
SATO Quarterly

Distribution history

Per share, 2021 to 2026, same scale for both

FDIGQuarterly · 8 paymentsAll FDIG payments⁠
One bar per payment. 8 payments from 2021 to 2026 YTD. Dec 15, 2023 $0.05; Dec 20, 2024 $0.37; Dec 30, 2024 $0.006; Sep 19, 2025 $0.02; Dec 19, 2025 $0.42; Mar 20, 2026 $0.03; Jun 18, 2026 $0.15; Sep 18, 2026 $0.02. Use the arrow keys to read each point.$0$2.5020232026YTD
SATOQuarterly · 18 paymentsAll SATO payments⁠
One bar per payment. 18 payments from 2021 to 2026 YTD. Dec 20, 2021 $0.15; Mar 21, 2022 $0.13; Jun 21, 2022 $0.07; Sep 19, 2022 $0.04; Dec 19, 2022 $0.12; Mar 20, 2023 $0.04; Jun 20, 2023 $0.04; Sep 18, 2023 $0.02; Dec 18, 2023 $0.21; Mar 18, 2024 $0.12; Jun 24, 2024 $0.07; Sep 23, 2024 $0.02; Dec 23, 2024 $2.64; Mar 24, 2025 $0.31; Jun 23, 2025 $0.21; Sep 22, 2025 $0.21; Dec 22, 2025 $0.96; Mar 23, 2026 $0.02. Use the arrow keys to read each point.$0$2.5020232026YTD

FDIG vs SATO 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%, betterSATO 60.6%
Return per unit of riskSharpe ratio, 3 years
FDIG 0.65SATO 0.68, better
Worst fallMax drawdown, 5 years
FDIG −58.3%since Apr 2022SATO −88.0%
Market sensitivityBeta, 5 years
FDIG 3.46SATO 2.94

FDIG and SATO in the news

All news⁠

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