FGRO vs. AKREX

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Growth Opportunities ETF (FGRO) and Akre Focus Fund Retail Class (AKREX).

FGRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. AKREX is managed by Akre. It was launched on Aug 31, 2009.

Performance

FGRO vs. AKREX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Opportunities ETF (FGRO) and Akre Focus Fund Retail Class (AKREX). The values are adjusted to include any dividend payments, if applicable.

FGRO vs. AKREX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FGRO Fidelity Growth Opportunities ETF	-5.74%	19.61%	32.29%	49.71%	-37.86%	1.72%
AKREX Akre Focus Fund Retail Class	0.00%	1.72%	17.97%	28.39%	-22.95%	23.98%

Returns By Period

FGRO

• 1D: 1.47%
• 1M: -4.23%
• YTD: -5.74%
• 6M: -4.38%
• 1Y: 26.46%
• 3Y*: 24.30%
• 5Y*: 8.29%
• 10Y*: —

AKREX

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

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

FGRO vs. AKREX - Expense Ratio Comparison

FGRO has a 0.59% expense ratio, which is lower than AKREX's 1.30% expense ratio.

AKREX

Akre Focus Fund Retail Class

FGRO

Fidelity Growth Opportunities ETF

Return for Risk

FGRO vs. AKREX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Opportunities ETF (FGRO) and Akre Focus Fund Retail Class (AKREX). 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	AKREX	Difference
Sharpe ratio Return per unit of total volatility	1.06	—	—
Sortino ratio Return per unit of downside risk	1.61	—	—
Omega ratio Gain probability vs. loss probability	1.23	—	—
Calmar ratio Return relative to maximum drawdown	1.94	—	—
Martin ratio Return relative to average drawdown	6.85	—	—
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

	FGRO	AKREX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	—	—

Correlation

The correlation between FGRO and AKREX is 0.69, 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 vs. AKREX - Dividend Comparison

FGRO has not paid dividends to shareholders, while AKREX's dividend yield for the trailing twelve months is around 4.80%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FGRO Fidelity Growth Opportunities ETF	0.16%	0.14%	0.09%	0.00%	1.50%	0.55%	0.00%	0.00%	0.00%	0.00%	0.00%
AKREX Akre Focus Fund Retail Class	4.80%	4.80%	5.07%	3.56%	6.73%	3.65%	0.00%	2.99%	0.55%	0.62%	0.18%

Drawdowns

Volatility

Volatility by Period

	FGRO	AKREX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.19%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.39%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.59%	—	—