AKREX vs. FGRO
Compare and contrast key facts about Akre Focus Fund Retail Class (AKREX) and Fidelity Growth Opportunities ETF (FGRO).
AKREX is managed by Akre. It was launched on Aug 31, 2009. FGRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AKREX or FGRO.
Key characteristics
| AKREX | FGRO | |
|---|---|---|
| YTD Return | 20.43% | 33.53% |
| 1Y Return | 26.70% | 43.59% |
| 3Y Return (Ann) | 1.22% | 5.08% |
| Sharpe Ratio | 2.04 | 2.47 |
| Sortino Ratio | 2.66 | 3.18 |
| Omega Ratio | 1.36 | 1.45 |
| Calmar Ratio | 1.40 | 2.32 |
| Martin Ratio | 10.49 | 12.54 |
| Ulcer Index | 2.57% | 3.76% |
| Daily Std Dev | 13.22% | 19.08% |
| Max Drawdown | -34.37% | -44.52% |
| Current Drawdown | -0.99% | -0.31% |
Correlation
The correlation between AKREX and FGRO is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AKREX vs. FGRO - Performance Comparison
In the year-to-date period, AKREX achieves a 20.43% return, which is significantly lower than FGRO's 33.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AKREX vs. FGRO - Expense Ratio Comparison
AKREX has a 1.30% expense ratio, which is higher than FGRO's 0.59% expense ratio.
Risk-Adjusted Performance
AKREX vs. FGRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Akre Focus Fund Retail Class (AKREX) and Fidelity Growth Opportunities ETF (FGRO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
AKREX vs. FGRO - Dividend Comparison
AKREX has not paid dividends to shareholders, while FGRO's dividend yield for the trailing twelve months is around 0.03%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
AKREX Akre Focus Fund Retail Class | 0.00% | 0.00% | 0.00% | 0.00% |
FGRO Fidelity Growth Opportunities ETF | 0.03% | 0.00% | 1.50% | 0.55% |
Drawdowns
AKREX vs. FGRO - Drawdown Comparison
The maximum AKREX drawdown since its inception was -34.37%, smaller than the maximum FGRO drawdown of -44.52%. Use the drawdown chart below to compare losses from any high point for AKREX and FGRO. For additional features, visit the drawdowns tool.
Volatility
AKREX vs. FGRO - Volatility Comparison
The current volatility for Akre Focus Fund Retail Class (AKREX) is 3.65%, while Fidelity Growth Opportunities ETF (FGRO) has a volatility of 5.26%. This indicates that AKREX experiences smaller price fluctuations and is considered to be less risky than FGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.