FGRO vs. AKREX
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGRO or AKREX.
Key characteristics
| FGRO | AKREX | |
|---|---|---|
| YTD Return | 29.00% | 20.10% |
| 1Y Return | 43.94% | 31.39% |
| 3Y Return (Ann) | 3.57% | 0.98% |
| Sharpe Ratio | 2.40 | 2.41 |
| Sortino Ratio | 3.09 | 3.12 |
| Omega Ratio | 1.43 | 1.43 |
| Calmar Ratio | 1.89 | 1.45 |
| Martin Ratio | 12.15 | 12.59 |
| Ulcer Index | 3.76% | 2.57% |
| Daily Std Dev | 19.06% | 13.41% |
| Max Drawdown | -44.52% | -34.37% |
| Current Drawdown | -1.48% | -1.15% |
Correlation
The correlation between FGRO and AKREX is 0.76, 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.
Performance
FGRO vs. AKREX - Performance Comparison
In the year-to-date period, FGRO achieves a 29.00% return, which is significantly higher than AKREX's 20.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FGRO vs. AKREX - Expense Ratio Comparison
FGRO has a 0.59% expense ratio, which is lower than AKREX's 1.30% expense ratio.
Risk-Adjusted Performance
FGRO vs. AKREX - Risk-Adjusted Performance 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.
Dividends
FGRO vs. AKREX - Dividend Comparison
FGRO's dividend yield for the trailing twelve months is around 0.03%, while AKREX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
FGRO Fidelity Growth Opportunities ETF | 0.03% | 0.00% | 1.50% | 0.55% |
AKREX Akre Focus Fund Retail Class | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGRO vs. AKREX - Drawdown Comparison
The maximum FGRO drawdown since its inception was -44.52%, which is greater than AKREX's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for FGRO and AKREX. For additional features, visit the drawdowns tool.
Volatility
FGRO vs. AKREX - Volatility Comparison
Fidelity Growth Opportunities ETF (FGRO) has a higher volatility of 5.00% compared to Akre Focus Fund Retail Class (AKREX) at 3.87%. This indicates that FGRO's price experiences larger fluctuations and is considered to be riskier than AKREX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.