FGRO vs. FXAIX
Compare and contrast key facts about Fidelity Growth Opportunities ETF (FGRO) and Fidelity 500 Index Fund (FXAIX).
FGRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGRO or FXAIX.
Correlation
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
Key characteristics
FGRO:
1.72
FXAIX:
1.97
FGRO:
2.31
FXAIX:
2.63
FGRO:
1.31
FXAIX:
1.37
FGRO:
1.99
FXAIX:
2.93
FGRO:
8.87
FXAIX:
12.99
FGRO:
3.80%
FXAIX:
1.90%
FGRO:
19.55%
FXAIX:
12.58%
FGRO:
-44.52%
FXAIX:
-33.79%
FGRO:
-4.07%
FXAIX:
-3.62%
Returns By Period
In the year-to-date period, FGRO achieves a 32.85% return, which is significantly higher than FXAIX's 24.65% return.
FGRO
32.85%
0.72%
6.64%
35.92%
N/A
N/A
FXAIX
24.65%
-0.72%
7.90%
26.58%
14.57%
12.79%
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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.
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.
Dividends
FGRO vs. FXAIX - Dividend Comparison
FGRO's dividend yield for the trailing twelve months is around 0.03%, less than FXAIX's 0.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 0.89% | 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.
Volatility
FGRO vs. FXAIX - Volatility Comparison
Fidelity Growth Opportunities ETF (FGRO) has a higher volatility of 4.93% compared to Fidelity 500 Index Fund (FXAIX) at 3.62%. 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.