FGRO vs. FAGCX

Last updated Jun 25, 2026

FGRO (Fidelity Growth Opportunities ETF) and FAGCX (Fidelity Advisor Growth Opportunities Fund Class I) are both funds - FGRO is a Global Equities fund actively managed by Fidelity, while FAGCX is a Large Cap Growth Equities fund managed by Fidelity. At a 0.31 correlation, their price movements are largely independent. FGRO charges 0.59%/yr vs 0.79%/yr for FAGCX.

Performance

FGRO vs. FAGCX - Performance Comparison

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

Returns By Period

FGRO

• 1D: -0.92%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FAGCX

• 1D: -2.54%
• 1M: 0.12%
• YTD: 12.34%
• 6M: 10.94%
• 1Y: 29.96%
• 3Y*: 29.90%
• 5Y*: 13.45%
• 10Y*: 25.96%

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

FGRO vs. FAGCX - Yearly Performance Comparison

	2026 (YTD)
FGRO Fidelity Growth Opportunities ETF	-1.24%
FAGCX Fidelity Advisor Growth Opportunities Fund Class I	0.82%

Correlation

The correlation between FGRO and FAGCX is 0.31, 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	0.31

Return for Risk

FGRO vs. FAGCX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGRO

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

FAGCX

FAGCX Risk / Return Rank: 34
FAGCX Sharpe Ratio Rank: 36
FAGCX Sortino Ratio Rank: 32
FAGCX Omega Ratio Rank: 34
FAGCX Calmar Ratio Rank: 32
FAGCX Martin Ratio Rank: 35

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 vs. FAGCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Opportunities ETF (FGRO) and Fidelity Advisor Growth Opportunities Fund Class I (FAGCX). 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.

	FGRO	FAGCX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.61	—
Sortino ratio: Return per unit of downside risk	—	2.17	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	1.99	—
Martin ratio: Return relative to average drawdown	—	7.32	—

Drawdowns

FGRO vs. FAGCX - Drawdown Comparison

The maximum FGRO drawdown since its inception was -1.24%, smaller than the maximum FAGCX drawdown of -69.09%. Use the drawdown chart below to compare losses from any high point for FGRO and FAGCX.

Drawdown Indicators

	FGRO	FAGCX	Difference
Max Drawdown Largest peak-to-trough decline	-1.24%	-69.09%	+67.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.59%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.72%	—
Current Drawdown Current decline from peak	-1.24%	-3.93%	+2.69%
Average Drawdown Average peak-to-trough decline	-0.61%	-18.72%	+18.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.37%	—

Volatility

Volatility by Period

	FGRO	FAGCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.72%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	7.18%	19.89%	-12.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.18%	25.63%	-18.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.18%	24.58%	-17.40%

FGRO vs. FAGCX - Expense Ratio Comparison

FGRO has a 0.59% expense ratio, which is lower than FAGCX's 0.79% expense ratio.

Dividends

FGRO vs. FAGCX - Dividend Comparison

FGRO has not paid dividends to shareholders, while FAGCX's dividend yield for the trailing twelve months is around 3.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAGCX Fidelity Advisor Growth Opportunities Fund Class I	3.27%	3.67%	0.00%	0.00%	11.34%	14.14%	7.31%	7.69%	14.30%	8.00%	15.78%	16.11%
FGRO Fidelity Growth Opportunities ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGRO and FAGCX in my portfolio?

FGRO and FAGCX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.