FGRO vs. GVAL

Last updated Jul 12, 2026

FGRO (Fidelity Growth Opportunities ETF) and GVAL (Cambria Global Value ETF) are both Global Equities funds. Both are actively managed. At a 0.10 correlation, their price movements are largely independent. FGRO charges 0.59%/yr vs 0.64%/yr for GVAL.

Performance

FGRO vs. GVAL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Growth Opportunities ETF (FGRO) and Cambria Global Value ETF (GVAL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FGRO

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

GVAL

• 1D: -1.14%
• 1M: 0.69%
• 6M: 12.53%
• YTD: 17.43%
• 1Y: 36.65%
• 3Y*: 25.43%
• 5Y*: 14.73%
• 10Y*: 11.03%

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

FGRO vs. GVAL - Yearly Performance Comparison

	2026 (YTD)
FGRO Fidelity Growth Opportunities ETF	-1.24%
GVAL Cambria Global Value ETF	5.29%

Correlation

The correlation between FGRO and GVAL is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026	0.10

FGRO vs. GVAL - Sectors Allocation Comparison

Sectors	FGRO	GVAL
Technology	47.1%	8.2%
Communication Services	18.4%	4.3%
Consumer Cyclical	12.3%	3.1%
Healthcare	7.9%	-
Industrials	5.7%	4.6%
Financial Services	4.8%	18.4%
Basic Materials	1.5%	8.7%
Consumer Defensive	0.8%	1.9%
Real Estate	0.7%	6.4%
Utilities	0.5%	5.0%
Energy	0.2%	6.9%

Return for Risk

FGRO vs. GVAL — 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.

GVAL

GVAL Risk / Return Rank: 84
GVAL Sharpe Ratio Rank: 90
GVAL Sortino Ratio Rank: 87
GVAL Omega Ratio Rank: 86
GVAL Calmar Ratio Rank: 77
GVAL Martin Ratio Rank: 79

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. GVAL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Opportunities ETF (FGRO) and Cambria Global Value ETF (GVAL). 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	GVAL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.35	—
Sortino ratio: Return per unit of downside risk	—	3.16	—
Omega ratio: Gain probability vs. loss probability	—	1.41	—
Calmar ratio: Return relative to maximum drawdown	—	3.20	—
Martin ratio: Return relative to average drawdown	—	11.85	—

Drawdowns

Drawdown Indicators

	FGRO	GVAL	Difference
Max Drawdown Largest peak-to-trough decline	—	-46.82%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.50%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.72%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.83%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.82%	—
Current Drawdown Current decline from peak	—	-2.28%	—
Average Drawdown Average peak-to-trough decline	—	-13.78%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.10%	—

Volatility

Volatility by Period

	FGRO	GVAL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.70%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	18.61%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.97%	—

FGRO vs. GVAL - Expense Ratio Comparison

FGRO has a 0.59% expense ratio, which is lower than GVAL's 0.64% expense ratio.

Dividends

FGRO vs. GVAL - Dividend Comparison

FGRO has not paid dividends to shareholders, while GVAL's dividend yield for the trailing twelve months is around 2.43%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
GVAL Cambria Global Value ETF	2.43%	2.93%	4.75%	6.12%	5.05%	2.97%	1.90%	2.84%	4.65%	2.00%	2.54%	2.11%

Frequently Asked Questions

Can I hold both FGRO and GVAL in my portfolio?

FGRO and GVAL have a correlation of 0.10, 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 GVAL?

On fees, FGRO is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FGRO or GVAL?

FGRO is cheaper with a 0.59% expense ratio, compared with 0.64% for GVAL.

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

GVAL has the higher dividend yield at 2.43%, compared with 0.00% for FGRO.

What is the main difference between FGRO and GVAL?

They also come from different issuers: Fidelity and Cambria. Their fees differ too: 0.59% for FGRO and 0.64% for GVAL.