FGRO vs. FAGCX
Compare and contrast key facts about Fidelity Growth Opportunities ETF (FGRO) and Fidelity Advisor Growth Opportunities Fund Class I (FAGCX).
FGRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. FAGCX is managed by Fidelity. It was launched on Jul 3, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGRO or FAGCX.
Key characteristics
| FGRO | FAGCX | |
|---|---|---|
| YTD Return | 33.96% | 39.00% |
| 1Y Return | 44.26% | 49.82% |
| 3Y Return (Ann) | 5.12% | 1.96% |
| Sharpe Ratio | 2.51 | 2.69 |
| Sortino Ratio | 3.21 | 3.45 |
| Omega Ratio | 1.45 | 1.48 |
| Calmar Ratio | 2.15 | 1.80 |
| Martin Ratio | 12.70 | 15.56 |
| Ulcer Index | 3.76% | 3.42% |
| Daily Std Dev | 19.08% | 19.80% |
| Max Drawdown | -44.52% | -65.09% |
| Current Drawdown | 0.00% | -0.69% |
Correlation
The correlation between FGRO and FAGCX is 0.99, 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. FAGCX - Performance Comparison
In the year-to-date period, FGRO achieves a 33.96% return, which is significantly lower than FAGCX's 39.00% 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. FAGCX - Expense Ratio Comparison
FGRO has a 0.59% expense ratio, which is lower than FAGCX's 0.79% expense ratio.
Risk-Adjusted Performance
FGRO vs. FAGCX - Risk-Adjusted Performance 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.
Dividends
FGRO vs. FAGCX - Dividend Comparison
FGRO's dividend yield for the trailing twelve months is around 0.03%, while FAGCX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
FGRO Fidelity Growth Opportunities ETF | 0.03% | 0.00% | 1.50% | 0.55% |
FAGCX Fidelity Advisor Growth Opportunities Fund Class I | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGRO vs. FAGCX - Drawdown Comparison
The maximum FGRO drawdown since its inception was -44.52%, smaller than the maximum FAGCX drawdown of -65.09%. Use the drawdown chart below to compare losses from any high point for FGRO and FAGCX. For additional features, visit the drawdowns tool.
Volatility
FGRO vs. FAGCX - Volatility Comparison
Fidelity Growth Opportunities ETF (FGRO) and Fidelity Advisor Growth Opportunities Fund Class I (FAGCX) have volatilities of 5.24% and 5.28%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.