FGRO.NEO vs. FGRO

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity All-in-One Growth ETF (FGRO.NEO) and Fidelity Growth Opportunities ETF (FGRO).

FGRO.NEO and FGRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGRO.NEO is an actively managed fund by Fidelity. It was launched on Jan 21, 2021. FGRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021.

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.

FGRO.NEO vs. FGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FGRO.NEO Fidelity All-in-One Growth ETF	1.81%	17.00%	25.97%	16.92%	-6.29%	15.94%
FGRO Fidelity Growth Opportunities ETF	-4.54%	14.12%	43.65%	46.42%	-33.43%	0.26%

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 1.81% return, which is significantly higher than FGRO's -4.54% return.

FGRO.NEO

• 1D: 0.81%
• 1M: -3.27%
• YTD: 1.81%
• 6M: 3.61%
• 1Y: 16.60%
• 3Y*: 18.32%
• 5Y*: 13.52%
• 10Y*: —

FGRO

• 1D: 1.33%
• 1M: -2.68%
• YTD: -4.54%
• 6M: -4.65%
• 1Y: 22.86%
• 3Y*: 25.46%
• 5Y*: 10.52%
• 10Y*: —

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

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.

FGRO

Fidelity Growth Opportunities ETF

FGRO.NEO

Fidelity All-in-One Growth ETF

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: 75
FGRO.NEO Sortino Ratio Rank: 72
FGRO.NEO Omega Ratio Rank: 73
FGRO.NEO Calmar Ratio Rank: 64
FGRO.NEO Martin Ratio Rank: 66

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	1.41	0.92	+0.49
Sortino ratio Return per unit of downside risk	1.90	1.39	+0.51
Omega ratio Gain probability vs. loss probability	1.28	1.20	+0.08
Calmar ratio Return relative to maximum drawdown	1.72	1.62	+0.09
Martin ratio Return relative to average drawdown	7.02	4.90	+2.12
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 1.41, which is higher than the FGRO Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FGRO.NEO and FGRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FGRO.NEO	FGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	0.92	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.30	0.45	+0.85
Sharpe Ratio (All Time) Calculated using the full available price history	1.28	0.36	+0.92

Correlation

The correlation between FGRO.NEO and FGRO is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FGRO.NEO vs. FGRO - Dividend Comparison

FGRO.NEO's dividend yield for the trailing twelve months is around 1.22%, while FGRO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
FGRO.NEO Fidelity All-in-One Growth ETF	1.22%	1.24%	1.09%	1.39%	4.58%	0.94%
FGRO Fidelity Growth Opportunities ETF	0.16%	0.14%	0.09%	0.00%	1.50%	0.55%

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.

Volatility

FGRO.NEO vs. FGRO - Volatility Comparison

The current volatility for Fidelity All-in-One Growth ETF (FGRO.NEO) is 4.87%, while Fidelity Growth Opportunities ETF (FGRO) has a volatility of 8.43%. 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	4.87%	8.43%	-3.56%
Volatility (6M) Calculated over the trailing 6-month period	7.78%	14.77%	-6.99%
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	24.97%	-13.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.49%	23.57%	-13.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.46%	23.75%	-13.29%