FDVV vs. FGRIX
Compare and contrast key facts about Fidelity High Dividend ETF (FDVV) and Fidelity Growth & Income Portfolio (FGRIX).
FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016. FGRIX is managed by Fidelity. It was launched on Dec 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDVV or FGRIX.
Performance
FDVV vs. FGRIX - Performance Comparison
Returns By Period
In the year-to-date period, FDVV achieves a 24.04% return, which is significantly higher than FGRIX's 20.05% return.
FDVV
24.04%
-0.72%
11.29%
32.63%
14.31%
N/A
FGRIX
20.05%
0.31%
6.26%
25.54%
11.31%
9.79%
Key characteristics
| FDVV | FGRIX | |
|---|---|---|
| Sharpe Ratio | 3.25 | 2.34 |
| Sortino Ratio | 4.44 | 3.21 |
| Omega Ratio | 1.60 | 1.44 |
| Calmar Ratio | 6.56 | 3.74 |
| Martin Ratio | 27.64 | 15.05 |
| Ulcer Index | 1.20% | 1.74% |
| Daily Std Dev | 10.20% | 11.18% |
| Max Drawdown | -40.25% | -66.71% |
| Current Drawdown | -1.42% | -1.86% |
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FDVV vs. FGRIX - Expense Ratio Comparison
FDVV has a 0.29% expense ratio, which is lower than FGRIX's 0.57% expense ratio.
Correlation
The correlation between FDVV and FGRIX is 0.93, 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
FDVV vs. FGRIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity High Dividend ETF (FDVV) and Fidelity Growth & Income Portfolio (FGRIX). 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
FDVV vs. FGRIX - Dividend Comparison
FDVV's dividend yield for the trailing twelve months is around 2.75%, more than FGRIX's 1.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDVV Fidelity High Dividend ETF | 2.75% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% | 0.00% |
FGRIX Fidelity Growth & Income Portfolio | 1.36% | 1.60% | 1.68% | 2.07% | 1.89% | 1.77% | 2.13% | 1.52% | 1.80% | 2.04% | 1.72% | 1.62% |
Drawdowns
FDVV vs. FGRIX - Drawdown Comparison
The maximum FDVV drawdown since its inception was -40.25%, smaller than the maximum FGRIX drawdown of -66.71%. Use the drawdown chart below to compare losses from any high point for FDVV and FGRIX. For additional features, visit the drawdowns tool.
Volatility
FDVV vs. FGRIX - Volatility Comparison
The current volatility for Fidelity High Dividend ETF (FDVV) is 2.53%, while Fidelity Growth & Income Portfolio (FGRIX) has a volatility of 3.60%. This indicates that FDVV experiences smaller price fluctuations and is considered to be less risky than FGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.