FDGFX vs. FDRR
Compare and contrast key facts about Fidelity Dividend Growth Fund (FDGFX) and Fidelity Dividend ETF for Rising Rates (FDRR).
FDGFX is managed by Fidelity. It was launched on Apr 27, 1993. FDRR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Dividend Index for Rising Rates. It was launched on Sep 12, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDGFX or FDRR.
Performance
FDGFX vs. FDRR - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with FDGFX having a 21.13% return and FDRR slightly higher at 21.74%.
FDGFX
21.13%
0.89%
2.49%
27.62%
7.10%
4.26%
FDRR
21.74%
-0.75%
12.11%
29.30%
12.32%
N/A
Key characteristics
| FDGFX | FDRR | |
|---|---|---|
| Sharpe Ratio | 1.87 | 2.66 |
| Sortino Ratio | 2.43 | 3.63 |
| Omega Ratio | 1.35 | 1.49 |
| Calmar Ratio | 2.15 | 3.92 |
| Martin Ratio | 9.38 | 17.33 |
| Ulcer Index | 3.05% | 1.73% |
| Daily Std Dev | 15.30% | 11.29% |
| Max Drawdown | -60.08% | -36.52% |
| Current Drawdown | -2.49% | -1.36% |
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FDGFX vs. FDRR - Expense Ratio Comparison
FDGFX has a 0.48% expense ratio, which is higher than FDRR's 0.29% expense ratio.
Correlation
The correlation between FDGFX and FDRR is 0.90, 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.
Risk-Adjusted Performance
FDGFX vs. FDRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend Growth Fund (FDGFX) and Fidelity Dividend ETF for Rising Rates (FDRR). 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
FDGFX vs. FDRR - Dividend Comparison
FDGFX's dividend yield for the trailing twelve months is around 1.10%, less than FDRR's 2.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDGFX Fidelity Dividend Growth Fund | 1.10% | 1.44% | 1.64% | 1.00% | 1.89% | 1.58% | 2.37% | 1.84% | 1.58% | 9.63% | 19.50% | 11.21% |
FDRR Fidelity Dividend ETF for Rising Rates | 2.19% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDGFX vs. FDRR - Drawdown Comparison
The maximum FDGFX drawdown since its inception was -60.08%, which is greater than FDRR's maximum drawdown of -36.52%. Use the drawdown chart below to compare losses from any high point for FDGFX and FDRR. For additional features, visit the drawdowns tool.
Volatility
FDGFX vs. FDRR - Volatility Comparison
Fidelity Dividend Growth Fund (FDGFX) has a higher volatility of 4.43% compared to Fidelity Dividend ETF for Rising Rates (FDRR) at 3.20%. This indicates that FDGFX's price experiences larger fluctuations and is considered to be riskier than FDRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.