FDRR vs. GRW

Last updated Jun 4, 2026

FDRR (Fidelity Dividend ETF for Rising Rates) and GRW (TCW Durable Growth ETF) are both Large Cap Growth Equities funds. FDRR is passively managed, while GRW is actively managed. With a 1.00 correlation, they move nearly in lockstep. FDRR charges 0.29%/yr vs 0.75%/yr for GRW.

Performance

FDRR vs. GRW - Performance Comparison

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

Returns By Period

FDRR

• 1D: -0.99%
• 1M: 6.39%
• YTD: 10.01%
• 6M: 10.38%
• 1Y: 31.27%
• 3Y*: 21.03%
• 5Y*: 12.34%
• 10Y*: —

GRW

• 1D: -0.32%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FDRR vs. GRW - Yearly Performance Comparison

	2026 (YTD)
FDRR Fidelity Dividend ETF for Rising Rates	0.78%
GRW TCW Durable Growth ETF	1.29%

Correlation

The correlation between FDRR and GRW is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

FDRR vs. GRW - Sectors Allocation Comparison

Sectors	FDRR	GRW
Technology	34.5%	26.6%
Financial Services	12.0%	9.8%
Communication Services	10.7%	9.1%
Healthcare	9.4%	4.1%
Consumer Cyclical	8.7%	8.3%
Industrials	8.7%	38.1%
Consumer Defensive	4.8%	-
Energy	3.6%	-
Real Estate	2.9%	-
Utilities	2.4%	-
Basic Materials	2.2%	4.0%

Return for Risk

FDRR vs. GRW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDRR

FDRR Risk / Return Rank: 82
FDRR Sharpe Ratio Rank: 85
FDRR Sortino Ratio Rank: 86
FDRR Omega Ratio Rank: 84
FDRR Calmar Ratio Rank: 73
FDRR Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDRR vs. GRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Dividend ETF for Rising Rates (FDRR) and TCW Durable Growth ETF (GRW). 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.

	FDRR	GRW	Difference
Sharpe ratio: Return per unit of total volatility	2.85	—	—
Sortino ratio: Return per unit of downside risk	3.96	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	3.69	—	—
Martin ratio: Return relative to average drawdown	15.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FDRR	GRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	14.00	-13.18

Drawdowns

FDRR vs. GRW - Drawdown Comparison

The maximum FDRR drawdown since its inception was -36.52%, which is greater than GRW's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for FDRR and GRW.

Drawdown Indicators

	FDRR	GRW	Difference
Max Drawdown Largest peak-to-trough decline	-36.52%	-0.45%	-36.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.52%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	—	—
Current Drawdown Current decline from peak	-1.15%	-0.45%	-0.70%
Average Drawdown Average peak-to-trough decline	-4.00%	-0.14%	-3.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	—	—

Volatility

Volatility by Period

	FDRR	GRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.04%	10.19%	+0.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.00%	10.19%	+4.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.88%	10.19%	+6.69%

FDRR vs. GRW - Expense Ratio Comparison

FDRR has a 0.29% expense ratio, which is lower than GRW's 0.75% expense ratio.

Dividends

FDRR vs. GRW - Dividend Comparison

FDRR's dividend yield for the trailing twelve months is around 2.10%, while GRW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDRR Fidelity Dividend ETF for Rising Rates	2.10%	2.21%	2.61%	2.93%	2.75%	2.09%	2.85%	2.89%	3.20%	2.89%	0.61%
GRW TCW Durable Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDRR and GRW in my portfolio?

With a correlation of 1.00, FDRR and GRW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, FDRR or GRW?

On fees, FDRR is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FDRR or GRW?

FDRR is cheaper with a 0.29% expense ratio, compared with 0.75% for GRW.

Which ETF pays a higher dividend yield, FDRR or GRW?

FDRR has the higher dividend yield at 2.10%, compared with 0.00% for GRW.

What is the main difference between FDRR and GRW?

They also come from different issuers: Fidelity and TCW. Their fees differ too: 0.29% for FDRR and 0.75% for GRW.