FGRO vs. BDVL
FGRO (Fidelity Growth Opportunities ETF) and BDVL (iShares Disciplined Volatility Equity Active ETF) are both Global Equities funds. FGRO is actively managed, while BDVL is passively managed. A 0.65 correlation means they provide meaningful diversification when combined. FGRO charges 0.59%/yr vs 0.40%/yr for BDVL.
Performance
FGRO vs. BDVL - Performance Comparison
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Returns By Period
In the year-to-date period, FGRO achieves a 17.03% return, which is significantly higher than BDVL's 4.71% return.
FGRO
- 1D
- 0.46%
- 1M
- 6.72%
- YTD
- 17.03%
- 6M
- 16.08%
- 1Y
- 38.91%
- 3Y*
- 29.35%
- 5Y*
- 12.69%
- 10Y*
- —
BDVL
- 1D
- -0.44%
- 1M
- 0.91%
- YTD
- 4.71%
- 6M
- 5.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FGRO vs. BDVL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FGRO Fidelity Growth Opportunities ETF | 17.03% | 2.31% |
BDVL iShares Disciplined Volatility Equity Active ETF | 4.71% | 1.97% |
Correlation
The correlation between FGRO and BDVL is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025 | 0.65 |
FGRO vs. BDVL - Sectors Allocation Comparison
Sectors
FGRO
BDVL
Technology
Communication Services
Consumer Cyclical
Healthcare
Industrials
Financial Services
Basic Materials
Consumer Defensive
Real Estate
Utilities
Energy
Technology
FGRO
BDVL
Communication Services
FGRO
BDVL
Consumer Cyclical
FGRO
BDVL
Healthcare
FGRO
BDVL
Industrials
FGRO
BDVL
Financial Services
FGRO
BDVL
Basic Materials
FGRO
BDVL
Consumer Defensive
FGRO
BDVL
Real Estate
FGRO
BDVL
Utilities
FGRO
BDVL
Energy
FGRO
BDVL
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Return for Risk
FGRO vs. BDVL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Opportunities ETF (FGRO) and iShares Disciplined Volatility Equity Active ETF (BDVL). 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 | BDVL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.37 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | — | — |
| Martin ratioReturn relative to average drawdown | 10.74 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGRO | BDVL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.01 | -0.58 |
Drawdowns
FGRO vs. BDVL - Drawdown Comparison
The maximum FGRO drawdown since its inception was -44.52%, which is greater than BDVL's maximum drawdown of -7.71%. Use the drawdown chart below to compare losses from any high point for FGRO and BDVL.
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Drawdown Indicators
| FGRO | BDVL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.52% | -7.71% | -36.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.23% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -26.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.52% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -0.95% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -14.26% | -1.19% | -13.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.63% | — | — |
Volatility
FGRO vs. BDVL - Volatility Comparison
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Volatility by Period
| FGRO | BDVL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.54% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.28% | 9.49% | +8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.33% | 9.49% | +15.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.38% | 9.49% | +15.89% |
FGRO vs. BDVL - Expense Ratio Comparison
FGRO has a 0.59% expense ratio, which is higher than BDVL's 0.40% expense ratio.
Dividends
FGRO vs. BDVL - Dividend Comparison
FGRO has not paid dividends to shareholders, while BDVL's dividend yield for the trailing twelve months is around 2.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BDVL iShares Disciplined Volatility Equity Active ETF | 2.66% | 2.79% | 0.00% | 0.00% | 0.00% | 0.00% |
FGRO Fidelity Growth Opportunities ETF | 0.13% | 0.14% | 0.09% | 0.00% | 1.50% | 0.55% |
Frequently Asked Questions
FGRO and BDVL have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BDVL is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BDVL is cheaper with a 0.40% expense ratio, compared with 0.59% for FGRO.
BDVL has the higher dividend yield at 2.66%, compared with 0.13% for FGRO.
They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.59% for FGRO and 0.40% for BDVL.
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