FGRO vs. BDVL

Last updated Jul 14, 2026

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. At a 0.19 correlation, their price movements are largely independent. FGRO charges 0.59%/yr vs 0.40%/yr for BDVL.

Performance

FGRO vs. BDVL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Opportunities ETF (FGRO) and iShares Disciplined Volatility Equity Active ETF (BDVL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FGRO

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

BDVL

• 1D: 0.42%
• 1M: 1.11%
• 6M: 5.55%
• YTD: 6.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FGRO vs. BDVL - Yearly Performance Comparison

	2026 (YTD)
FGRO Fidelity Growth Opportunities ETF	-1.24%
BDVL iShares Disciplined Volatility Equity Active ETF	2.99%

Correlation

The correlation between FGRO and BDVL is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026	0.19

FGRO vs. BDVL - Sectors Allocation Comparison

Sectors	FGRO	BDVL
Technology	47.1%	27.7%
Communication Services	18.4%	9.1%
Consumer Cyclical	12.3%	5.8%
Healthcare	7.9%	10.8%
Industrials	5.7%	12.7%
Financial Services	4.8%	15.4%
Basic Materials	1.5%	1.2%
Consumer Defensive	0.8%	5.5%
Real Estate	0.7%	0.5%
Utilities	0.5%	5.0%
Energy	0.2%	2.1%

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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	FGRO	BDVL	Difference
Max Drawdown Largest peak-to-trough decline	—	-7.71%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-1.15%	—

Volatility

Volatility by Period

	FGRO	BDVL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	9.54%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	9.54%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	9.54%	—

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 3.49%.

Position	TTM	2025
BDVL iShares Disciplined Volatility Equity Active ETF	3.49%	2.79%
FGRO Fidelity Growth Opportunities ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGRO and BDVL in my portfolio?

FGRO and BDVL have a correlation of 0.19, 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 or BDVL?

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.

Which ETF is cheaper, FGRO or BDVL?

BDVL is cheaper with a 0.40% expense ratio, compared with 0.59% for FGRO.

Which ETF pays a higher dividend yield, FGRO or BDVL?

BDVL has the higher dividend yield at 3.49%, compared with 0.00% for FGRO.

What is the main difference between FGRO and BDVL?

They also come from different issuers: Fidelity and iShares. Their fees differ too: 0.59% for FGRO and 0.40% for BDVL.