FGRO.NEO vs. FGRO

Last updated Jun 5, 2026

FGRO.NEO (Fidelity All-in-One Growth ETF) and FGRO (Fidelity Growth Opportunities ETF) are both exchange-traded funds - FGRO.NEO is a Diversified Portfolio fund actively managed by Fidelity, while FGRO is a Global Equities fund actively managed by Fidelity. Both are actively managed. Over the past 5 years, FGRO.NEO returned 14.69%/yr vs 15.93%/yr for FGRO. A 0.62 correlation means they provide meaningful diversification when combined. FGRO.NEO charges 0.42%/yr vs 0.59%/yr for FGRO.

Performance

FGRO.NEO vs. FGRO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Fidelity All-in-One Growth ETF (FGRO.NEO) and Fidelity Growth Opportunities ETF (FGRO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FGRO.NEO is traded in CAD, while FGRO is traded in USD. To make them comparable, the FGRO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FGRO.NEO achieves a 9.39% return, which is significantly lower than FGRO's 18.64% return.

FGRO.NEO

• 1D: 0.54%
• 1M: 3.71%
• YTD: 9.39%
• 6M: 9.21%
• 1Y: 22.30%
• 3Y*: 21.34%
• 5Y*: 14.69%
• 10Y*: —

FGRO

• 1D: 0.57%
• 1M: 9.00%
• YTD: 18.64%
• 6M: 15.68%
• 1Y: 41.27%
• 3Y*: 30.83%
• 5Y*: 15.93%
• 10Y*: —

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

FGRO.NEO vs. FGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FGRO.NEO Fidelity All-in-One Growth ETF	9.39%	17.00%	25.97%	16.92%	-6.29%	15.94%
FGRO Fidelity Growth Opportunities ETF	18.64%	14.12%	43.65%	46.42%	-33.43%	0.26%

Correlation

The correlation between FGRO.NEO and FGRO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Feb 5, 2021	0.62

The correlation between FGRO.NEO and FGRO has been stable across timeframes, ranging from 0.58 to 0.63 - a consistent structural relationship.

FGRO.NEO vs. FGRO - Sectors Allocation Comparison

Sectors	FGRO.NEO	FGRO
Financial Services	22.2%	4.8%
Technology	20.6%	47.1%
Industrials	11.3%	5.7%
Basic Materials	9.7%	1.5%
Consumer Cyclical	7.7%	12.3%
Consumer Defensive	5.5%	0.8%
Communication Services	4.8%	18.4%
Real Estate	4.7%	0.7%
Utilities	4.6%	0.5%
Energy	4.4%	0.2%
Healthcare	4.4%	7.9%

Return for Risk

FGRO.NEO vs. FGRO — Risk / Return Rank

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

FGRO.NEO

FGRO.NEO Risk / Return Rank: 70
FGRO.NEO Sharpe Ratio Rank: 72
FGRO.NEO Sortino Ratio Rank: 73
FGRO.NEO Omega Ratio Rank: 74
FGRO.NEO Calmar Ratio Rank: 61
FGRO.NEO Martin Ratio Rank: 69

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.

FGRO.NEO vs. FGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity All-in-One Growth ETF (FGRO.NEO) and Fidelity Growth Opportunities ETF (FGRO). 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.

	FGRO.NEO	FGRO	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.30	+0.02
Sortino ratio: Return per unit of downside risk	3.26	3.01	+0.26
Omega ratio: Gain probability vs. loss probability	1.44	1.40	+0.04
Calmar ratio: Return relative to maximum drawdown	2.97	2.89	+0.08
Martin ratio: Return relative to average drawdown	12.68	9.82	+2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGRO.NEO vs. FGRO - Sharpe Ratio Comparison

The current FGRO.NEO Sharpe Ratio is 2.32, which is comparable to the FGRO Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of FGRO.NEO and FGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FGRO.NEO	FGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.30	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.40	0.68	+0.71
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	0.55	+0.84

Drawdowns

FGRO.NEO vs. FGRO - Drawdown Comparison

The maximum FGRO.NEO drawdown since its inception was -15.23%, smaller than the maximum FGRO drawdown of -41.10%. Use the drawdown chart below to compare losses from any high point for FGRO.NEO and FGRO.

Drawdown Indicators

	FGRO.NEO	FGRO	Difference
Max Drawdown Largest peak-to-trough decline	-15.23%	-41.10%	+25.87%
Max Drawdown (1Y) Largest decline over 1 year	-7.54%	-14.35%	+6.81%
Max Drawdown (3Y) Largest decline over 3 years	-11.45%	-27.32%	+15.87%
Max Drawdown (5Y) Largest decline over 5 years	-15.23%	-41.10%	+25.87%
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-2.52%	-12.85%	+10.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	4.22%	-2.46%

Volatility

FGRO.NEO vs. FGRO - Volatility Comparison

The current volatility for Fidelity All-in-One Growth ETF (FGRO.NEO) is 3.58%, while Fidelity Growth Opportunities ETF (FGRO) has a volatility of 4.37%. This indicates that FGRO.NEO experiences smaller price fluctuations and is considered to be less risky than FGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGRO.NEO	FGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	4.37%	-0.79%
Volatility (6M) Calculated over the trailing 6-month period	7.76%	13.77%	-6.01%
Volatility (1Y) Calculated over the trailing 1-year period	9.66%	18.00%	-8.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.59%	23.52%	-12.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.47%	23.56%	-13.09%

FGRO.NEO vs. FGRO - Expense Ratio Comparison

FGRO.NEO has a 0.42% expense ratio, which is lower than FGRO's 0.59% expense ratio.

Dividends

FGRO.NEO vs. FGRO - Dividend Comparison

FGRO.NEO's dividend yield for the trailing twelve months is around 1.13%, while FGRO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FGRO Fidelity Growth Opportunities ETF	0.13%	0.14%	0.09%	0.00%	1.50%	0.55%
FGRO.NEO Fidelity All-in-One Growth ETF	1.13%	1.24%	1.09%	1.39%	4.58%	0.94%

Frequently Asked Questions

Can I hold both FGRO.NEO and FGRO in my portfolio?

FGRO.NEO and FGRO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FGRO.NEO or FGRO?

On fees, FGRO.NEO is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGRO.NEO or FGRO?

FGRO.NEO is cheaper with a 0.42% expense ratio, compared with 0.59% for FGRO.

What is the main difference between FGRO.NEO and FGRO?

FGRO.NEO is categorized as Diversified Portfolio, while FGRO is Global Equities. Their fees differ too: 0.42% for FGRO.NEO and 0.59% for FGRO.