FDRR vs. FDGFX
Compare and contrast key facts about Fidelity Dividend ETF for Rising Rates (FDRR) and Fidelity Dividend Growth Fund (FDGFX).
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. FDGFX is managed by Fidelity. It was launched on Apr 27, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDRR or FDGFX.
Correlation
The correlation between FDRR and FDGFX 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.
Performance
FDRR vs. FDGFX - Performance Comparison
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Key characteristics
FDRR:
0.69
FDGFX:
0.06
FDRR:
1.17
FDGFX:
0.28
FDRR:
1.17
FDGFX:
1.04
FDRR:
0.75
FDGFX:
0.10
FDRR:
3.03
FDGFX:
0.33
FDRR:
4.49%
FDGFX:
6.57%
FDRR:
18.33%
FDGFX:
22.72%
FDRR:
-36.52%
FDGFX:
-60.08%
FDRR:
-5.06%
FDGFX:
-6.65%
Returns By Period
In the year-to-date period, FDRR achieves a -0.25% return, which is significantly lower than FDGFX's 0.04% return.
FDRR
-0.25%
8.40%
-2.73%
12.51%
15.76%
N/A
FDGFX
0.04%
10.44%
-4.73%
1.37%
12.99%
3.44%
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FDRR vs. FDGFX - Expense Ratio Comparison
FDRR has a 0.29% expense ratio, which is lower than FDGFX's 0.48% expense ratio.
Risk-Adjusted Performance
FDRR vs. FDGFX — Risk-Adjusted Performance Rank
FDRR
FDGFX
FDRR vs. FDGFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) and Fidelity Dividend Growth Fund (FDGFX). 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.
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Dividends
FDRR vs. FDGFX - Dividend Comparison
FDRR's dividend yield for the trailing twelve months is around 2.65%, more than FDGFX's 0.96% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDRR Fidelity Dividend ETF for Rising Rates | 2.65% | 2.61% | 2.93% | 2.75% | 2.09% | 2.85% | 2.89% | 3.20% | 2.89% | 0.61% | 0.00% | 0.00% |
FDGFX Fidelity Dividend Growth Fund | 0.96% | 1.03% | 1.44% | 1.64% | 1.00% | 1.89% | 1.58% | 2.37% | 1.84% | 1.58% | 9.63% | 19.50% |
Drawdowns
FDRR vs. FDGFX - Drawdown Comparison
The maximum FDRR drawdown since its inception was -36.52%, smaller than the maximum FDGFX drawdown of -60.08%. Use the drawdown chart below to compare losses from any high point for FDRR and FDGFX. For additional features, visit the drawdowns tool.
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Volatility
FDRR vs. FDGFX - Volatility Comparison
Fidelity Dividend ETF for Rising Rates (FDRR) and Fidelity Dividend Growth Fund (FDGFX) have volatilities of 5.77% and 5.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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