Fidelity Crypto Industry and Digital Payments ETF (FDIG) — Stock Correlations & Overview
Over the past year, FDIG has moved most closely with DAPP, BITQ, BLOK. Explore the stocks most correlated and inversely correlated with FDIG below, along with its price, financials, and company profile.
Stocks correlated with FDIG
Correlation of daily returns. Higher positive values move with FDIG; negative values move opposite it. Informational only, not investment advice.
Most correlated with FDIG
| Symbol | Company | Correlation |
|---|---|---|
| DAPP | VanEck Digital Transformation ETF | 0.98 |
| BITQ | Bitwise Crypto Industry Innovators ETF | 0.97 |
| BLOK | Amplify Blockchain Technology ETF | 0.97 |
| IBLC | iShares Blockchain and Tech ETF | 0.97 |
| STCE | Schwab Crypto Thematic Natural Language Processing ETF | 0.97 |
Most inversely correlated with FDIG
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.82 |
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.72 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.72 |
| TWM | ProShares UltraShort Russell2000 | -0.72 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.72 |
Frequently asked questions about FDIG correlations
- Which stocks are most correlated with FDIG?
- Based on one year of daily returns, the stocks most correlated with Fidelity Crypto Industry and Digital Payments ETF (FDIG) are DAPP (0.98), BITQ (0.97) and BLOK (0.97). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FDIG?
- Over the past year, the stocks most inversely correlated with Fidelity Crypto Industry and Digital Payments ETF (FDIG) are SARK (-0.82), CONI (-0.72) and TZA (-0.72). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FDIG correlations calculated?
- We compute the correlation of daily returns between FDIG and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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