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FDRR vs. FDGFX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

FDRR vs. FDGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Dividend ETF for Rising Rates (FDRR) and Fidelity Dividend Growth Fund (FDGFX). The values are adjusted to include any dividend payments, if applicable.

-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
12.10%
2.49%
FDRR
FDGFX

Returns By Period

The year-to-date returns for both stocks are quite close, with FDRR having a 21.74% return and FDGFX slightly lower at 21.13%.


FDRR

YTD

21.74%

1M

-0.75%

6M

12.11%

1Y

29.30%

5Y (annualized)

12.32%

10Y (annualized)

N/A

FDGFX

YTD

21.13%

1M

0.89%

6M

2.49%

1Y

27.62%

5Y (annualized)

7.10%

10Y (annualized)

4.26%

Key characteristics


FDRRFDGFX
Sharpe Ratio2.661.87
Sortino Ratio3.632.43
Omega Ratio1.491.35
Calmar Ratio3.922.15
Martin Ratio17.339.38
Ulcer Index1.73%3.05%
Daily Std Dev11.29%15.30%
Max Drawdown-36.52%-60.08%
Current Drawdown-1.36%-2.49%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FDRR vs. FDGFX - Expense Ratio Comparison

FDRR has a 0.29% expense ratio, which is lower than FDGFX's 0.48% expense ratio.


FDGFX
Fidelity Dividend Growth Fund
Expense ratio chart for FDGFX: current value at 0.48% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.48%
Expense ratio chart for FDRR: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

Correlation

-0.50.00.51.00.9

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.

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for FDRR, currently valued at 2.65, compared to the broader market0.002.004.006.002.661.87
The chart of Sortino ratio for FDRR, currently valued at 3.63, compared to the broader market-2.000.002.004.006.008.0010.0012.003.632.43
The chart of Omega ratio for FDRR, currently valued at 1.49, compared to the broader market0.501.001.502.002.503.001.491.35
The chart of Calmar ratio for FDRR, currently valued at 3.92, compared to the broader market0.005.0010.0015.003.922.15
The chart of Martin ratio for FDRR, currently valued at 17.33, compared to the broader market0.0020.0040.0060.0080.00100.00120.0017.339.38
FDRR
FDGFX

The current FDRR Sharpe Ratio is 2.66, which is higher than the FDGFX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of FDRR and FDGFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.66
1.87
FDRR
FDGFX

Dividends

FDRR vs. FDGFX - Dividend Comparison

FDRR's dividend yield for the trailing twelve months is around 2.19%, more than FDGFX's 1.10% yield.


TTM20232022202120202019201820172016201520142013
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%
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%

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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.36%
-2.49%
FDRR
FDGFX

Volatility

FDRR vs. FDGFX - Volatility Comparison

The current volatility for Fidelity Dividend ETF for Rising Rates (FDRR) is 3.20%, while Fidelity Dividend Growth Fund (FDGFX) has a volatility of 4.43%. This indicates that FDRR experiences smaller price fluctuations and is considered to be less risky than FDGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.20%
4.43%
FDRR
FDGFX