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FGRO vs. FXAIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FGROFXAIX
YTD Return33.96%26.96%
1Y Return44.26%35.01%
3Y Return (Ann)5.12%10.23%
Sharpe Ratio2.513.06
Sortino Ratio3.214.07
Omega Ratio1.451.58
Calmar Ratio2.154.45
Martin Ratio12.7020.17
Ulcer Index3.76%1.86%
Daily Std Dev19.08%12.27%
Max Drawdown-44.52%-33.79%
Current Drawdown0.00%-0.25%

Correlation

-0.50.00.51.00.9

The correlation between FGRO and FXAIX is 0.89, 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. FXAIX - Performance Comparison

In the year-to-date period, FGRO achieves a 33.96% return, which is significantly higher than FXAIX's 26.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember
14.40%
13.71%
FGRO
FXAIX

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FGRO vs. FXAIX - Expense Ratio Comparison

FGRO has a 0.59% expense ratio, which is higher than FXAIX's 0.02% expense ratio.


FGRO
Fidelity Growth Opportunities ETF
Expense ratio chart for FGRO: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%
Expense ratio chart for FXAIX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

FGRO vs. FXAIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Opportunities ETF (FGRO) and Fidelity 500 Index Fund (FXAIX). 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
Sharpe ratio
The chart of Sharpe ratio for FGRO, currently valued at 2.50, compared to the broader market-2.000.002.004.006.002.50
Sortino ratio
The chart of Sortino ratio for FGRO, currently valued at 3.21, compared to the broader market0.005.0010.003.21
Omega ratio
The chart of Omega ratio for FGRO, currently valued at 1.45, compared to the broader market1.001.502.002.503.001.45
Calmar ratio
The chart of Calmar ratio for FGRO, currently valued at 2.34, compared to the broader market0.005.0010.0015.002.34
Martin ratio
The chart of Martin ratio for FGRO, currently valued at 12.66, compared to the broader market0.0020.0040.0060.0080.00100.00120.0012.66
FXAIX
Sharpe ratio
The chart of Sharpe ratio for FXAIX, currently valued at 3.06, compared to the broader market-2.000.002.004.006.003.06
Sortino ratio
The chart of Sortino ratio for FXAIX, currently valued at 4.07, compared to the broader market0.005.0010.004.07
Omega ratio
The chart of Omega ratio for FXAIX, currently valued at 1.58, compared to the broader market1.001.502.002.503.001.58
Calmar ratio
The chart of Calmar ratio for FXAIX, currently valued at 4.45, compared to the broader market0.005.0010.0015.004.45
Martin ratio
The chart of Martin ratio for FXAIX, currently valued at 20.17, compared to the broader market0.0020.0040.0060.0080.00100.00120.0020.17

FGRO vs. FXAIX - Sharpe Ratio Comparison

The current FGRO Sharpe Ratio is 2.51, which is comparable to the FXAIX Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of FGRO and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.50
3.06
FGRO
FXAIX

Dividends

FGRO vs. FXAIX - Dividend Comparison

FGRO's dividend yield for the trailing twelve months is around 0.03%, less than FXAIX's 1.21% yield.


TTM20232022202120202019201820172016201520142013
FGRO
Fidelity Growth Opportunities ETF
0.03%0.00%1.50%0.55%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FXAIX
Fidelity 500 Index Fund
1.21%1.45%1.69%1.22%1.60%1.95%2.07%1.81%2.01%2.56%2.63%1.84%

Drawdowns

FGRO vs. FXAIX - Drawdown Comparison

The maximum FGRO drawdown since its inception was -44.52%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FGRO and FXAIX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-0.25%
FGRO
FXAIX

Volatility

FGRO vs. FXAIX - Volatility Comparison

Fidelity Growth Opportunities ETF (FGRO) has a higher volatility of 5.24% compared to Fidelity 500 Index Fund (FXAIX) at 3.74%. This indicates that FGRO's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
5.24%
3.74%
FGRO
FXAIX