FGRO vs. MOAT
Compare and contrast key facts about Fidelity Growth Opportunities ETF (FGRO) and VanEck Vectors Morningstar Wide Moat ETF (MOAT).
FGRO and MOAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGRO is an actively managed fund by Fidelity. It was launched on Feb 2, 2021. MOAT is a passively managed fund by VanEck that tracks the performance of the Morningstar Wide Moat Focus Index. It was launched on Apr 24, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGRO or MOAT.
Correlation
The correlation between FGRO and MOAT is 0.88, 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. MOAT - Performance Comparison
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Key characteristics
FGRO:
0.41
MOAT:
0.18
FGRO:
0.81
MOAT:
0.47
FGRO:
1.11
MOAT:
1.07
FGRO:
0.47
MOAT:
0.20
FGRO:
1.50
MOAT:
0.73
FGRO:
8.42%
MOAT:
5.99%
FGRO:
27.85%
MOAT:
18.72%
FGRO:
-44.52%
MOAT:
-33.31%
FGRO:
-6.93%
MOAT:
-6.15%
Returns By Period
The year-to-date returns for both stocks are quite close, with FGRO having a -1.36% return and MOAT slightly lower at -1.41%.
FGRO
-1.36%
19.32%
0.37%
11.45%
N/A
N/A
MOAT
-1.41%
12.71%
-2.15%
3.44%
14.34%
12.69%
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FGRO vs. MOAT - Expense Ratio Comparison
FGRO has a 0.59% expense ratio, which is higher than MOAT's 0.48% expense ratio.
Risk-Adjusted Performance
FGRO vs. MOAT — Risk-Adjusted Performance Rank
FGRO
MOAT
FGRO vs. MOAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Opportunities ETF (FGRO) and VanEck Vectors Morningstar Wide Moat ETF (MOAT). 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.
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Dividends
FGRO vs. MOAT - Dividend Comparison
FGRO's dividend yield for the trailing twelve months is around 0.10%, less than MOAT's 1.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRO Fidelity Growth Opportunities ETF | 0.10% | 0.09% | 0.00% | 1.50% | 0.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOAT VanEck Vectors Morningstar Wide Moat ETF | 1.39% | 1.37% | 0.86% | 1.25% | 1.08% | 1.45% | 1.31% | 1.79% | 1.07% | 1.17% | 2.13% | 1.34% |
Drawdowns
FGRO vs. MOAT - Drawdown Comparison
The maximum FGRO drawdown since its inception was -44.52%, which is greater than MOAT's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for FGRO and MOAT. For additional features, visit the drawdowns tool.
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Volatility
FGRO vs. MOAT - Volatility Comparison
Fidelity Growth Opportunities ETF (FGRO) has a higher volatility of 7.50% compared to VanEck Vectors Morningstar Wide Moat ETF (MOAT) at 5.75%. This indicates that FGRO's price experiences larger fluctuations and is considered to be riskier than MOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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