FGRIX vs. FDVV
Compare and contrast key facts about Fidelity Growth & Income Portfolio (FGRIX) and Fidelity High Dividend ETF (FDVV).
FGRIX is managed by Fidelity. It was launched on Dec 30, 1985. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGRIX or FDVV.
Performance
FGRIX vs. FDVV - Performance Comparison
Returns By Period
In the year-to-date period, FGRIX achieves a 21.84% return, which is significantly lower than FDVV's 25.92% return.
FGRIX
21.84%
2.35%
8.88%
26.75%
11.59%
9.86%
FDVV
25.92%
1.11%
14.30%
33.97%
14.67%
N/A
Key characteristics
| FGRIX | FDVV | |
|---|---|---|
| Sharpe Ratio | 2.43 | 3.37 |
| Sortino Ratio | 3.32 | 4.59 |
| Omega Ratio | 1.46 | 1.63 |
| Calmar Ratio | 3.87 | 6.81 |
| Martin Ratio | 15.55 | 28.63 |
| Ulcer Index | 1.75% | 1.20% |
| Daily Std Dev | 11.19% | 10.20% |
| Max Drawdown | -66.71% | -40.25% |
| Current Drawdown | -0.40% | 0.00% |
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FGRIX vs. FDVV - Expense Ratio Comparison
FGRIX has a 0.57% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Correlation
The correlation between FGRIX and FDVV 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
FGRIX vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth & Income Portfolio (FGRIX) and Fidelity High Dividend ETF (FDVV). 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
FGRIX vs. FDVV - Dividend Comparison
FGRIX's dividend yield for the trailing twelve months is around 1.34%, less than FDVV's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRIX Fidelity Growth & Income Portfolio | 1.34% | 1.60% | 1.68% | 2.07% | 1.89% | 1.77% | 2.13% | 1.52% | 1.80% | 2.04% | 1.72% | 1.62% |
FDVV Fidelity High Dividend ETF | 2.71% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGRIX vs. FDVV - Drawdown Comparison
The maximum FGRIX drawdown since its inception was -66.71%, which is greater than FDVV's maximum drawdown of -40.25%. Use the drawdown chart below to compare losses from any high point for FGRIX and FDVV. For additional features, visit the drawdowns tool.
Volatility
FGRIX vs. FDVV - Volatility Comparison
Fidelity Growth & Income Portfolio (FGRIX) has a higher volatility of 3.65% compared to Fidelity High Dividend ETF (FDVV) at 2.58%. This indicates that FGRIX's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.